Lake Norman Golf Course Real Estate Market Update For June 2011

Lake Norman Golf Course Homes
In June 2011 2 golf course homes sold in the Lake Norman area, a 200% increase from the 0 golf course homes sold in March 2011. The average sale price increased 87.5% from $330,750 in April 2011 to $620,000 in June 2011. June 2011 sales figures decreased 67% from June 2010 when 6 golf course home sold. The average sale price increased 3.6% from $598,262 in June 2010 to $620,000 in June 2011.

Currently there are 40 Lake Norman golf course homes listed for sale in the Charlotte MLS. The average home is a 3 bed/3 bath with 4,112 square feet and an average list price of $729,616, down 5.3% from the April average list price of $770,548. The average days on the market are 141. Currently 2 Lake Norman golf course homes are under contract, down 0% from April.

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Buyers Better Hurry: Rates Reach New Lows

For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent, Freddie Mac reports in its weekly mortgage market survey.

Meanwhile, the National Association of Home Builders reported this week that home affordability reached its highest level in 20 years, making the purchasing power for home buyers even better during this traditionally prime buying season.

Here’s a closer look at mortgage rates:

  • 30-year, fixed-rate mortgage: Averaging 4.60 percent this week, it was down slightly from last week’s 4.61 percent average. Last year at this time, 30-year rates averaged 4.84 percent. The 30-year fixed rate mortgage hasn’t been under this week’s 4.60 percent average since early December 2010 when it fell to 4.46 percent.
  • 15-year, fixed-rate mortgage: Averaging 3.78 percent this week, it also was down from last week’s 3.80 percent average. Last year at this time, the 15-year fixed-rate mortgage averaged 4.21 percent. It has not been under this week’s 3.78 percent average since late November 2010 when it fell to 3.77 percent.
  • 5-year adjustable-rate mortgage: Averaging 3.41 percent this week, it was down from last week’s 3.48 percent average. A year ago at this time, the 5-year ARM averaged 3.97 percent.

Source: “Fixed Mortgage Rates Continue to Find New Lows,” Freddie Mac (May 26, 2011)

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Lake Norman Golf Course Real Estate Market Update For April 2011

Lake Norman Golf Course Homes
In April 2011 4 golf course homes sold in the Lake Norman area, a 33% increase from the 3 golf course homes sold in March 2011. The average sale price decreased 72% from $1,195,000 in March 2011 to $330,750 in April 2011. April 2011 sales figures decreased 43% from April 2010 when 7 golf course home sold. The average sale price decreased 61% from $855,707 in April 2010 to $330,750 in April 2011.

Currently there are 32 Lake Norman golf course homes listed for sale in the Charlotte MLS. The average home is a 3 bed/4 bath with 4,159 square feet and an average list price of $770,548, up 4% from the March average list price of $741,763. The average days on the market are 153. Currently 2 Lake Norman golf course homes are under contract, down 33% from March.

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Lake Norman Golf Course Lots
One Lake Norman golf course lots sold in April 2011 at a price of $121,000, down 33% from the average sales price in March 2011 of $180,000. Zero golf course lots sold in April 2010.

Currently there are 13 Lake Norman golf course lots listed for sale in the Charlotte MLS. The average list price is $176,892, down 4% from the March average list price of $184,683. The average days on the market are 403.

Contact us at 866-LakeNorman for the list of golf course lots for sale.

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March 2011 Lake Norman Golf Course Real Estate Market Update

Lake Norman Golf Course Homes
In March 2011 3 golf course homes sold in the Lake Norman area, a 300% increase from the 0 golf course home sold in February 2011. March 2011 sales figures decreased 40% from March 2010 when 5 golf course home sold. The average sale price in March 2010 was $1,195,000.

Currently there are 29 Lake Norman golf course homes listed for sale in the Charlotte MLS. The average home is a 3 bed/3 bath with 3,986 square feet and an average list price of $741,763, up 4% from the February average list price of $710,551. The average days on the market are 154. Currently 3, or 10%, Lake Norman golf course homes are under contract.

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Lake Norman Golf Course Lots
One Lake Norman golf course lots sold in March 2011 at a price of $180,000. Zero golf course lots sold in March 2010.

Currently there are 21 Lake Norman golf course lots listed for sale in the Charlotte MLS. The average list price is $184,683, up 9% from the February average list price of $169,922. The average days on the market are 416.

Contact us at 866-LakeNorman for the list of golf course lots for sale.

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February 2011 Lake Norman Golf Course Real Estate Market Update

Lake Norman Golf Course Homes
In February 2011 0 golf course homes sold in the Lake Norman area, a 100% decrease from the 1 golf course home sold in January 2011. February 2011 sales figures decreased 100% from February 2010 when 1 golf course home sold. The average sale price in February 2010 was $640,000.

Currently there are 28 Lake Norman golf course homes listed for sale in the Charlotte MLS. The average home is a 3 bed/3 bath with 3,992 square feet and an average list price of $710,551, down 12% from the January average list price of $806,941. The average days on the market are 180. Currently 4, or 14%, Lake Norman golf course homes are under contract.

See All Lake Norman Golf Course Homes For Sale

Lake Norman Golf Course Lots
Zero Lake Norman golf course lots sold in February 2011. Zero golf course lots sold in February 2010.

Currently there are 22 Lake Norman golf course lots listed for sale in the Charlotte MLS. The average list price is $169,922, down 8% from the January average list price of $185,610. The average days on the market are 416.

Contact us at 866-LakeNorman for the list of golf course lots for sale.

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