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Winter 2012 Market Update
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
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 90-120 days |
| Prices As % of Asking Price | 95-100% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Multiple Offers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| 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. |
| Average Sold Price | $300,000 - View Graph Trend |
Lake Norman North 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.
Click here for full article...
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.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
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