This post is not designed to provide market analytics on fancy spreadsheets, or charts showing market conditions. It is my anecdotal observations of the real estate market in the Lake Norman area as 2011 winds down. The fourth quarter is usually considered to be rather slow for buying or selling homes, but that is not [...]
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Should I rent, or should I buy? People have wrestled with that question ever since they decided that caves were no longer suitable abodes. Depending on when, or where, the question has been posed, the answer is not always the same. Trulia, one of my favorite consumer home search sites, has just released their Q2 [...]
If you own a home, are looking for a home, or are thinking about selling a home in the Lake Norman area, here’s some current market information that may help you know what to expect in today’s market. This data is as current as June of this year, so it’s fresh information.
If you want to consider your Lake Norman home a part of the greater Charlotte real estate market, then here’s the latest data from the S & P Case Shiller Index: Home prices in August fell 3.4% versus the same time frame last year. That ranks Charlotte third among ten cities that posted [...] I just got some data from the National Association of Realtors showing how home prices have performed in 2009, versus 2008 and 2007. Needless to say, in most cases they are down. There are some metropolitan areas that posted an actual increase versus 2008, indicating a turnaround in those markets. But looking at 2007, we [...] I thought it was time we looked again at the current sales statistics for the Lake Norman real estate market. Here’s a look at October numbers in two price ranges; $100,000 to $250,000 and $250,000 to $500,000. While our market is not performng quite to the level of 2007, it is certainly showing improvement versus [...] I was reviewing the statistics for the Lake Norman real estate market, and thought I would share with you what I’m seeing in regards to inventory all around the greater North Mecklenburg and Lake Norman region. The chart below shows where inventories in the $100,000 to $250,000 price range have trended since the third quarter of [...] One of the first things you are taught in real estate licensing school is that all real estate is local. That means that whatever is happening globally may not be a factor in a local market. So on a national level you can have low interest rates, first-time buyer tax credits, and great bargains in [...] Here are some recent stats for the Lake Norman real estate market. Some good news in all price ranges. The two charts below reflect a year over year trend in inventory around Lake Norman. The first chart focuses on homes between $100,000 and $250,000. As you can see, February of 2009 started a decline in inventory [...] Lake Norman Homes in the $250,000 to $500,000 price range are having their challenges when trying to find a buyer. Here’s some market statistics that demonstrate some of those issues: In the chart below MSI represents inventory in the target price range expressed in terms of how many months will it take to clear. The MSI is based [...] |
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