Lake Norman Real Estate and NC Homes for Sale

It probably does not surprise you that the Lake Norman real estate market is still feeling the affects of our serious national economic challenges as well as the struggling housing markets throughout the U.S. both emotionally and statistically. 

To give you some real examples, I currently have about 20 extremely well-qualified buyers relocating to the Lake Norman area from throughout the country ranging in price from the $200,000’s up to $5 million.  About one third are waiting for their homes to sell before they purchase their Lake Norman home but plan to move here as soon as possible once their home sells.  The rest of my buyers are able to buy at anytime.  They are either in the final stages of deciding whether to buy a home in Lake Norman or they are waiting to see signs that our market has hit bottom and/or the U.S economy has stabilized. 

It is very important for everyone in the Lake Norman area, whether business owners or home owners, to understand that we have a very strong pipeline of future buyers and people planning to relocate here.  Our future is truly very bright, we just have to be patient! 

IMPORTANT FINDINGS

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Even when my husband and I bought our much loved Lake Norman home on the Brawley School Rd. Peninsula in 2005, there was nothing but talk about traffic and the proposed widening of Brawley School Rd.  There seemed to be a bias against even living here which has probably had a some degree of a negative impact on the area real estate values and home sales for the past several years.

The good news is that the utility poles have been moved, the trees have been cut down (see above), the businesses, structures and homes have been leveled and the water and sewer work completed. 

According to the Mooresville Tribune, the official widening construction begins on Monday October 27th!

The North Carolina Department of Transportation was expected to award the first of two contracts this past week.  Once approved, work is expected to begin Monday, October 27th. 

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For those of you interested in seeing some of Lake Norman’s historic homes, mark your calendars for October 17-19!  Thanks to such great success last year, once again Mooresville is holding The Second Annual Historic Mooresville Tour of Homes.   Sponsored by the Mooresville Historic Preservation Commission and DEJ Realty, this event was created last year as a way to promote Historic Downtown Mooresville.  Proceeds of the event benefit the Mooresville Historic Preservation and The Mooresville Museum.

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One of the most common questions I am asked, especially by my buyers relocating to the Lake Norman Area, is whether we have flooding, particularly our watarfront properties.

Another question, although not as prevalent these days as it was a year ago when Lake Norman’s water levels were quite low, is about our drought.

About Lake Norman’s Water Levels

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LAKE NORMAN RESIDENTIAL REAL ESTATE HOT SHEET

September 26, 2008 

My sixth bi-monthly Lake Norman Friday Hot Sheet is here! 

Above is a chart with our Friday’s “hot sheet” numbers from the Charlotte Multiple Listing Services for all single family homes in Lake Norman (area 13).  For comparison, I have provided numbers from two weeks ago and earlier this year.  Here are some highlights:

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