Jan 02

How Rising Prices Will Help You Build Family Wealth in 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

Contact a Lake Norman real estate agent today to help build wealth for you and yours!

Search Lake Norman real estate listings.

Aug 17

Just Listed Lake Norman Waterfront Homes

New Lake Norman Waterfront Homes For Sale

Lake Norman waterfront homes just listed for sale in the Lake Norman MLS. Waterfront homes for sale in Huntersville, Cornelius, Mooresville, Troutman, Statesville, Terrell, Sherrills Ford, Denver, Stanley & Catawba. Homes for sale on Lake Norman that just came on the market.

Would you like automatic email notifications of new Lake Norman waterfront homes listed in the Lake Norman MLS? Sign up for our auto-notification email alerts.

Lake Norman Homes

Listings 1 - 18 of 18

Price: $4,250,000
14009 Island Drive, Huntersville, NC 28078
Subdivision: Twin Coves
5 BR, 4.2 BA, 5794 sqft
Corcoran HM Properties | MLS # 3767673 | Active
Price: $2,100,000
7272 Lynbrook Creek Road, Denver, NC 28037
Subdivision: Crescent Land and Timber
3 BR, 4.1 BA, 4380 sqft
EXP REALTY LLC | MLS # 3768654 | Active
Price: $1,549,000
3844 Burton Lane, Denver, NC 28037
3 BR, 3 BA, 2250 sqft
Clickit Realty | MLS # 3768705 | Active
Price: $1,525,000
2757 Camden Pointe Drive, Sherrills Ford, NC 28673
Subdivision: Lakepointe South
4 BR, 2.1 BA, 2659 sqft
Keller Williams | MLS # 3760174 | Coming soon
Price: $1,500,000
174 Winding Shore Road, Troutman, NC 28166
5 BR, 3.1 BA, 4494 sqft
Keller Williams | MLS # 3762890 | Active
Price: $1,499,900
19819 Stough Farm Road, Cornelius, NC 28031
Subdivision: Patricks Purchase
5 BR, 3 BA, 3130 sqft
Elite Properties, Inc. | MLS # 3767702 | Active
Price: $1,499,000
108 Hickory Hill Road, Mooresville, NC 28117
4 BR, 4.1 BA, 4600 sqft
J Cash Real Estate | MLS # 3765871 | Contract
Price: $1,390,000
21512 Lake Point Lane, Cornelius, NC 28031
Subdivision: Lake Point Shores
3 BR, 3 BA, 2576 sqft
Ivester Jackson | MLS # 3768596 | Contract
Price: $1,293,000
8297 Long Island Road, Catawba, NC 28609
Subdivision: Summit
5 BR, 4 BA, 4448 sqft
NextHome World Class | MLS # 3768423 | Coming soon
Price: $1,250,000
21304 Norman Shores Drive, Cornelius, NC 28031
Subdivision: Norman Shores
3 BR, 2.1 BA, 2745 sqft
Allen Tate Lake Norman | MLS # 3767256 | Active
Price: $1,250,000
218 Gannett Road, Mooresville, NC 28117
Subdivision: Lake Norman
3 BR, 3 BA, 2332 sqft
Hillco Realty Inc. | MLS # 3762531 | Active
Price: $1,000,000
3248 Lake Shore Road, Denver, NC 28037
Subdivision: Westport
5 BR, 3 BA, 3634 sqft
Keller Williams | MLS # 3764270 | Coming soon
Price: $1,000,000
187 Brer Fox Trail, Troutman, NC 28166
2 BR, 3 BA, 3846 sqft
Puma & Associates | MLS # 3746243 | Contract
Price: $999,900
7679 Rabbit Circle, Denver, NC 28037
3 BR, 2 BA, 1905 sqft
Southern Homes of the | MLS # 3767289 | Contract
Price: $899,900
7715 Sail Pointe Drive, Sherrills Ford, NC 28673
Subdivision: Pointe Norman
5 BR, 4 BA, 4806 sqft
EXP REALTY LLC | MLS # 3768534 | Active
Price: $825,000
158 Honeydew Circle, Troutman, NC 28166
3 BR, 2 BA, 1644 sqft
J Cash Real Estate | MLS # 3767708 | Active
Price: $525,000
7977 Lucky Creek Lane, Denver, NC 28037
Subdivision: Lake Hills Village
2 BR, 2 BA, 2567 sqft
West Norman Real | MLS # 3769650 | Active
Price: $480,000
7118 Beargrass Road, Sherrills Ford, NC 28673
4 BR, 2 BA, 1848 sqft
Gilleland Realty Inc | MLS # 3745136 | Active

Listings 1 - 18 of 18
May 05

SOLD – Amazing Lake Norman Waterfront Foreclosure in Mooresville

Lake Norman Waterfront Foreclosure

Lake Norman waterfront foreclosureCast off city living and choose Lake Norman waterfront living in this custom 5 bedroom/6.5 bath stucco and stone waterfront home in Mooresville. Great location, just a short walk to Lakeshore Elementary & Middle Schools. This Lake Norman waterfront foreclosure offers an elegant great room with double-sided fireplace, wood floors and floor to ceiling windows for amazing views of Lake Norman. Main floor master suite with custom master bath. Includes main floor office or library. Features formal dining room, inviting kitchen with granite countertops and breakfast bar for morning meals and afternoon snacks. Walk out basement with second living quarters, media room, wet bar, rec room and large covered patio.

Based on the last 6 months of Lake Norman waterfront sales, this property is priced 37% lower than the average price per square foot!

Schedule an appointment now, call Janet @ 704.657.0838 or contact The Lake Norman Homes Team.

Apr 07

Lake Norman Foreclosure Real Estate Market Update March 2012

Lake Norman Foreclosure Homes
At the end of March 2012 there were 77 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 40% increase from the 55 foreclosure, preforeclosure & short sale properties for sale in February. Prices range from $39,000 to $5,900,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in March 2012. This was an increase of 50% from the 14 foreclosure and preforeclosure homes sold in February. The average home sold was a 4 bedroom/4 bath with 3,677 square feet and an average sale price of $471,226. The average sales price increased 155.6% from the previous months average sale price of $184,431. The average days on the market were 164, a 54 day increase from February.

31 foreclosure and short sale properties are currently under contract, a 47.6% increase from February.

Lake Norman Foreclosure Condos & Townhomes
At the end of March 2012 there were 8 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 33% decrease from the 12 foreclosure, preforeclosure & short-sale properties listed for sale in February. Prices range from $100,000 to $295,000. The average unit is a 2 bed/2 bath with 1,295 square feet and an average list price of $176,987, down 14.4% from February’s average list price of $206,658.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in March. This was an decrease of 0% from the one foreclosure, preforeclosure or short-sale condos sold in February. The average sales price in March was $92,000, down 17.9% from the February average sales price of $112,000. One foreclosure/preforeclosure units are currently under contract, down 0% from February.

If you would like to be added to the foreclosure properties email notification list and the Lake Norman area “Best Buy” list please visit our Lake Norman foreclosure website LakeNormanForeclosure.com.

If you need help stopping foreclosure on your Lake Norman property please give us a call at 866-LakeNorman.

Apr 07

Lake Norman Waterfront Real Estate Market Update March 2012

Lake Norman Waterfront Homes
In March 2012 25 waterfront homes sold in the Lake Norman area, a 38.9% increase from the 18 waterfront homes sold in February 2012. March 2012 waterfront sales figures decreased 10.7% from March 2011 when 28 waterfront homes sold in the Lake Norman area.

The average sales price increased 21.8% from $756,277 in February to $920,788 in March. March 2012 average sales price increased 21% from the March 2011 average sales price which was $760,741.

Average days on the market increased from 187 in February to 165 in March, a 11.8% decrease in market time. March 2011 average days on the market were 203, a 18.7% decrease in market time.

Currently there are 304 Lake Norman waterfront homes listed in the MLS with 24 of those under contract, up 71.4% from February. The average list price is $998,025, down .2% from February. The lowest priced Lake Norman waterfront home is listed at $139,900 and the highest priced Lake Norman waterfront home is listed at $5,900,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale Continue reading