Posted by: Roby Robertson | July 12, 2010

Lake Norman Luxury Homes June 2010 Statistics

Close to 200 luxury homes sold between the beginning of April and the end of June.  The caveat to this statistic is that the homes sold at prices significantly lower than the peak in 2007. The number of Lake Norman homes(MLS area 13) priced over $500,000 is 600 with more than 200 priced over $990,000 and 300 priced over $800,000.

Pending contracts in the Lake Norman area for homes priced over $500,000 have dropped but are running about 80 a month.

Showing levels according to Centralized Showing service are also down but we hope for an up tick during the summer months.

An example of how prices have fallen is a recent sale on Cornelius.  A recent .sale occurred for $830,000 on a house listed for $915,000.  The home originally sold in 2006 for $1,075.

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