Home Sales Up In The South

A recent article in today’s Charlotte Observer stated that pending home sales in the South were up 13% in December of last year, outperforming the West and the Northeast markets. Pending sales are properties under contract, which generally will close in about 30-45 days.
At the same time, prices continue to fall in every market. It [...]

Curtis Pond Market Update

Curtis Pond is a large neighborhood in East Mooresville, developed most recently by Scenic Homes. Although Scenic is no longer building in this community, there is still inventory for sale. Most of it is resale homes, but there are a few new construction homes still there. Frankly, you have a better chance of getting a [...]

Charlotte Area Home Price Trends

This news comes from a Charlotte Observer article dated December 30 by Stella Hopkins: According to the most recent S&P Case-Schiller Price Index, homes in the Charlotte area, including the Lake Norman region, fell 4.4% in October versus 2007. While this represents the biggest drop in pricing so far, it is nowhere near the 18% [...]

October Real Estate Statistics for Lake Norman Area

Here is a look at the most recent comparison of Sold or Under Contract homes versus the available inventory in the Lake Norman area from the Mecklenburg County line to Statesville. As you can see, the trend of longer times to sell a home continues, actual solds are down, and inventory is higher than YAGO, [...]

Lake Norman Area Real Estate Trends, cont’d…

As I mentioned in my last post, I have some more market statistics for the Huntersville, Davidson, and Cornelius zip codes. This data is for January ‘08 until September ‘08. As you can tell, there is quite a bit more inventory (supply) at the $250k to $500k price range than in the lower range price range. [...]

Lake Norman Area Real Estate Trends

Here’s a look at home sales trends in the Lake Norman area. This chart shows the supply and demand of homes ranging in price from $100,000 to $250,000 for sale in the Huntersville, Cornelius, and Davidson zip codes. The chart reflects sales from January 2008 until the end of September of the same year. After a traditional rise in [...]