Lake Norman-Cornelius Real Estate Market - View Lake Norman-Cornelius Real Estate Market Trends in North Carolina

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Lake Norman-Cornelius. Low rates with falling home prices makes a home purchase a great value! Call us now for more information: Kristi - 704.641.0062 OR Jenna - 704.877.5300.
Average Home Price	$350,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	More than 120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Lake Norman-Cornelius is	Increasing

Seller Activity for the past 90 days in Lake Norman-Cornelius is?	Increasing

Multiple Offers?	No

Multiple Offers Commentary	Of course there are exceptions to every rule, but typically homes in this area do not get into the multiple offer situation unless priced extremely well. Many foreclosures are getting multiple offers and are going above the listing price because of this.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Conventional, FHA, and VA are all available to qualified buyers. 100% USDA financing is not available in this particular region of the Lake Norman area, however is available in some parts. Feel free to ask for more details on this program and homes that qualify.

Housing Inventory	Good supply - Some Prices

Inventory Comments	There are a wide range of homes in almost every price range available for sale and most are priced well right now. Prices range from the low $100’s up to the multi-million dollar waterfront homes in the Lake Norman area.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Job Growth

Nearest Metro Area	Charlotte

Housing Hot Spots	Most cities within Mecklenburg County area are considered ’Housing Hotspots’, especially the wildly popular Lake Norman area. Lake Norman spans through 4 counties and is close to downtown Charlotte. Living the LAKE NORMAN lifestyle is like being on vacation all year long!

Average Sold Price	$350,000 - View Graph Trend

Lake Norman-Cornelius Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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