Lake Norman North Real Estate Market Conditions & Reports, Lake Norman North Market Trends, North Carolina

Market Commentary Provided by The Phifer Home Team
The housing market crisis won't stop Iredell County from growing for the next several years, according to the results of a new study that forecasts growth for the next seven years.Warren's report says that Iredell's population increased from 122,660, the last full Census figure in 2000, to 149,877 last year, a 22 percent increase.He forecasts the county will grow by nearly 40,000 new residents, a 26.6 increase, by 2015. The highest growth will take place at the lake near Troutman. The population in that area will grow by about 50 percent, the report projects. CHarlotte observer 3/9/2008

Report Date

Fall 2009

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The Phifer Home Team
Keller Williams Realty
Mooresville, North Carolina
704-230-9188
available@househunt.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$300,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Lake Norman North is

Seller Activity for the past 90 days in Lake Norman North is

Is Financing Available For Qualified Buyers in Lake Norman North?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

The Point - Lake and Golf club community is situated on the shores of Lake Norman just north of Charlotte, N.C.Falls Cove, one of Lake Norman's newest community of homes in the quaint town of Troutman, North Carolina. Residents enjoy a slower pace of life, lower taxes, and good schools.Northview Harbour is a crescent community located on the northern shore of Lake Norman in Catawba County known for its peaceful characteristics.

Reason to Buy/Sell

Population Growth

Average Sold Price

$300,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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