All posts by Chip Free

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Lake Realty’s Seller Satisfaction Guarantee

Seller Satisfaction Guarantee

If you are not satisfied with our listing services, you can fire us!

You don’t have to worry about long term contracts or getting stuck with an agent whose efforts are less than satisfying.  If you choose to go in another direction, you just let us know and we will void the listing agreement as well as provide you with all the marketing assets we created on your behalf (photos, videos etc.)

Learn about our Buyer Satisfaction Guarantee 

Learn about our ‘Perks’ Club

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Buyer Satisfaction Guarantee

Buyer Satisfaction Guarantee

If you are not satisfied with your home, we’ll Sell It for Free!

Details on Buyer Satisfaction Guarantee

During the first 12 months after your closing, if you are dissatisfied with your new home purchase for any reason at all, you simply let us know and we will provide our listing services at no charge . We will list your home until it sells for up to 12 months after the initial listing date with Lake Realty. During this period, any commissions paid on the sale of the home will be paid directly to the agent that brings the buyer for your home and not to us.

‘The Fine Print’

1)  The “Sell for Free” offer is limited in nature, time period, and scope. Further, this advantage is only in reference to the fees charged by us. It does not cover, include, or refer to, in any way charges by other parties, such as buyer’s agent commissions, closing costs, etc. This refers specifically to fees charged by Lake Realty.

2)  Applicable only to homeowners of residential properties and therefore does not apply to investors or investment properties.

3)  We ask you to provide a “testimonial” stating that we kept our end of the deal and listed your home for free.

Learn about our Seller Satisfaction Guarantee

Learn about our ‘Perks’ Club

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The difference between Lake Wylie and Lake Norman

If you want to be close to Charlotte NC and live on the lake you have lakes to choose from:  Lake Norman, Lake Wylie and Mountain Island Lake.  Lake Wylie and Lake Norman are the larger lakes so many people want to know the difference between the two.  I’ve spent a lot of time on the water on both Lake Norman and Lake Wylie but I haven’t ‘lived’ at Lake Wylie so I will share my thoughts with that important disclaimer.  If you have any additional insight,  I would love for you to share in the comment section below.

Amenities:
The biggest knock for years on Lake Wylie was the amenities.  In the past, there wasn’t a lot down there.  There was one waterfront restaurant, T-Bones and it was typically crowded for boaters.  They sold it a year or so ago and now it is Papa Doc’s Shore Club– I haven’t been there yet.  The area has grown and there are restaurants and breweries close by depending on where you are on the lake.
Size:
Lake Norman is a little over twice as big.  49.81 square miles vs 21 square miles.  Lake Norman has 533 miles of shoreline while Lake Wylie has 325 miles of shoreline.  Lake Wylie feels more like a really wide river so to speak and doesn’t have the expansive open water like Lake Norman does especially on the southern end.  Think of Lake Wylie like the stretch on Lake Norman from Kiser Island up past the 150 bridge.
Also many people notice a difference in water color between the two lakes with Lake Norman being clearer and more blue.   The water color on Lake Wylie is more akin to the water color on the northern area of Lake Norman which is not as clear after a rain or in the shallower sections.
Value:
Most people went to Lake Wylie because they could get more bang for their buck.  Property values on Lake Wylie have risen over the years and the actual cost will come down to location on the water, the view and size and quality of the home.
I’ve also had people tell me that you can hear more air traffic on Lake Wylie from the Charlotte Douglas airport.  However, I believe that depends more on where you buy because the section that I visit a lot has very little noise from airplanes.  (Side note:  parts or Mountain Island Lake are in the direct flight path so be aware of that if it’s a air traffic is a concern.)
Here are some side by side stats of Lake Norman, Lake Wylie and Mountain Island Lake.

 

*How wide is Lake Wylie?  5 miles is the width from the damn to the further point west.  However, this not a straight line of clear open water.  Using google maps, the widest section of uninterrupted water is 2.33 miles.
**Mountain Island Lake Capacity:  I could not find a number.  MIL is not damn controlled.
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Impact of COVID-19 on Lake Norman Real Estate Market

Here in the Lake Norman area inventory overall is tight. Sales have dropped due to COVID-19 but so has the number of homes on the market. Currently we are running a 1.8 months supply of homes which typically benefits sellers. As the stay at home order relaxes, we will keep an eye on the number of new listings hitting the market and the demand for these homes.

Most Recent Update:

June 11, 2020

CHARLOTTE, N.C. – With North Carolina businesses slowly reopening under the state’s Phase 2 of operations, May home sales across the Charlotte region fell 30.4 percent with 3,598 homes sold, according to data from Canopy MLS.  Compared to April 2020, sales were up 1.8 percent as area Realtors® and consumers continue adjusting to buying and selling in the new normal of COVID-19.

Pending contracts, which point to future sales as well as buyer demand, rose 14.8 percent year-over-year with 5,926 contracts in the pipeline. Pending contracts compared to April 2020 were up 46.5 percent, showing a significant increase in buyer demand over the 16-county region.

2020 Canopy Realtor® Association/Canopy MLS President John Kindbom notes, “We are reassured by the positive growth in pending contract activity, especially the substantial increase over last month. Buyers have had to adjust to increased lending standards and documentation regarding income, credit and employment, which often adds additional time to the process. However, this shows us that buyers are adjusting. More of this activity will result in positive sales in the coming months.”

Prices, pressured by tightening inventory, continued to increase. The average list price ($375,709) rose 11.2 percent compared to last year and was up 11.6 percent compared to April 2020. Both the median sales price ($265,000) and the average sales price ($310,166) rose 1.9 percent and 0.2 percent, respectively. The original list price to sales price ratio was 97.6 percent, showing sellers are getting closer to asking prices.

There were 5,168 new listings added to inventory during the month, which is down 22.1 percent compared to new listings added in May 2019. However, compared to April 2020, new listings increased 21.4 percent, which is a positive sign of seller confidence rising.

Kindbom further notes, “This month-over-month increase in new listing activity, along with the increases in pending contract activity, are the signs we needed to see to know the market is actively recovering. And while full recovery is still some ways off, agents will continue working with buyers and sellers and will keep following strict guidelines to get homes sold in a safe manner.”

Inventory remains challenged, falling 37.0 percent year-over-year, which means the region will continue to experience strong seller’s market conditions with some 6,712 homes available for sale at report time. The 16-county Charlotte region currently has 1.6 months of supply, compared to 2.6 months of supply last May.

Days on market, the metric that accrues for “Active” and “Under Contract-Show” statuses, averaged 35 days in May 2020 compared to 42 days in May 2019. Faster home sales as displayed by days on market is yet another hallmark of a strong seller’s market. The average number of days a property was on the market from the time it was listed until it closed (list to close) was 90 days.

Alexander County, a rural county just outside of Hickory, N.C., and west of Iredell County, had a total of four sales in May, representing a 33.3 percent increase over sales last year. Pending sales were down 50.0 percent year-over-year, while new listings were down 42.9 percent year-over-year. The median sales price in May was $172,000 and is up 8.9 percent year-over-year, while the average sales price of $217,967 fell slightly and was down 0.2 percent compared to May 2019. Days on market in May averaged 65 days compared to 23 days last year. Inventory is down 69.6 percent, which leaves the county with 1.4 months of supply.

Anson County, just east of Union County, N.C., posted four sales in May 2020, down 73.3 percent compared to May 2019 when there were 15 sales. Pending sales, which totaled 11, rose 10.0 percent year-over-year, while new listings in May, which totaled five, declined 66.7 percent year-over-year. The median sales price rose 11.1 percent year-over-year to $169,950 and the average sales price fell slightly during the same period by 0.5 percent to $149,325. Inventory is down 42.6 percent, leaving the county with 3.1 months of supply, while days on market until sale averaged 38 days.

Cabarrus County home sales were down 27.1 percent year-over-year in May with just 283 homes sold compared to 388 homes sold during the same time last year. Pending sales counts rose 3.5 percent year-over-year as 438 contracts were added to the pipeline. New listing activity fell 27.7 percent year-over-year with 394 homes listed compared to 545 in May 2019. Both the median sales price ($246,000) and the average sales price ($262,801) rose slightly year-over-year by 2.3 percent and 3.2 percent, respectively. Inventory decreased 39.3 percent with just 416 homes for sale at report time, or 1.3 months of supply. Days on market averaged 34 days compared to 39 days last May.

Catawba County closed sales fell 29.3 percent year-over-year with 133 properties sold in May compared to 188 properties sold during the same period last year. Pending sales increased 20.7 percent year-over-year with 222 contracts written, while new listings activity declined 17.0 percent year-over-year with sellers listing 195 properties for sale compared to 235 that were listed in May 2019. Both the median sales price ($196,000) and the average sales price ($264,766) declined 4.4 percent and 0.9 percent, respectively, compared to a year ago. Inventory is tight and fell 36.2 percent during the month, leaving the county with 1.9 months of supply compared to 3.0 months of supply in May 2019. Days on market until sale averaged 37 days compared to 46 days in May 2019.

Cleveland County saw closed sales in May 2020 fall 42.7 percent year-over-year with 43 homes sold compared to 75 homes sold last year. Pending sales rose 50.0 percent year-over-year with 78 contracts signed during the month of May compared to 52 in May 2019. New listings, which totaled 85, increased 19.7 percent year-over-year, a notable rise in seller confidence compared to new listing counts last May. Prices are rising. The median sales price ($160,000) and the average sales price ($189,635) rose 14.3 percent and 4.7 percent year-over-year, respectively. Inventory at report time showed an increase of 1.4 percent with 144 homes for sale or 2.6 months of supply. Properties averaged 69 days on market until sale compared to 58 days last May.

Gaston County saw year-over-year sales decline 9.1 percent with 280 homes sold during the month compared to 308 homes in May 2019. Pending sales increased 26.6 percent year-over-year, with 442 contracts written during the month, while new listings also fell 21.9 percent year-over-year as sellers listed 343 homes for sale compared to 439 new listings in May 2019.  Both the median sales price ($205,000) and the average sales price ($226,945) rose 10.8 percent and 8.8 percent, respectively, over prices from a year ago. Inventory is down 33.0 percent year-over-year, and the county has 1.3 months of supply of homes for sale.  Days on market in Gaston averaged 41 days compared to 40 days on market until sale in May 2019.

Iredell County had a year-over-year sales decline of 30.8 percent with 249 homes sold during the month compared to 360 homes sold in May 2019.  Pending contracts, which totaled 434, increased 29.9 percent year-over-year, while new listings were down 17.8 percent year-over-year, with 355 properties listed during the month.  The median sales price ($287,690) is up 7.2 percent year-over-year, while the average sales price ($327,531) fell 1.2 percent compared to May 2019’s average sales price.  Inventory is down 39.2 percent year-over-year, with 611 homes on market at report time and 2.0 months of supply. Days on market averaged 43 days in May compared to 66 days in May 2019.

Lincoln County saw sales fall 27.0 percent year-over-year with 92 homes sold during the month of May, compared to 126 sold in May 2019.  Pending sales were positive, rising 9.9 percent year-over-year with 144 contracts written compared to 131 contracts written last year.  New listings fell 3.1 percent year-over-year, with 155 listings posted compared to 160 new listings posted in May 2019. Both the median sales price ($297,500) and the average sales price ($324,647) decreased 3.7 percent and 0.6 percent compared to prices last year. Inventory is down 20.0 percent, leaving the county with 2.8 months of supply compared to 3.5 months last May.   Days on market averaged 45 days compared to 58 days until sale in May 2019.

Mecklenburg County had a 37.5 percent drop in home sales year-over-year with 1,307 homes sold last month compared to 2,090 homes sold in May 2019.  Pending contracts increased 17.5 percent year-over-year, with 2,456 contracts added to the pipeline of sales. New listing activity was down 19.5 percent year-over-year with just 2,266 homes newly listed. The median sales price ($291,005) increased 5.0 percent while the average sales price ($349,773) dipped 1.1 percent when compared to prices last year. Inventory continues to tighten, down 38.1 percent with 2,448 homes for sale or 1.4 months of supply at report time. Homes sold quickly and averaged 30 days on market in May 2020.

Rowan County’s sales fell 17.2 percent year-over-year with 154 homes sold in May 2020 compared to 186 homes sold in May 2019. Pending sales rose 18.0 percent year-over-year to 210 contracts signed verses 178 contracts signed in May 2019.  New listing activity fell 15.9 percent year-over-year in May to 159 new listings on market.  However, year-to-date new listing activity is still positive, increasing 1.5 percent compared to year-to-date 2019.  Both the median sales price ($160,000) and the average sales price ($173,466) rose 10.6 and 7.1 percent, respectively, compared to a year ago. Inventory is down 30.6 percent with 254 properties on market at report time, or 1.7 months of supply. Days on market trended at 32 days during the month of May 2020 compared to 53 days in May 2019.

Sales in Stanly County fell 17.8 percent year-over-year with 60 homes sold during the month of May compared to 73 homes sold in May 2019. Year-to-date sales are up 6.2 percent year-over-year, with 275 homes sold during the first five months of the year compared to 259 homes sold during the same period last year. Pending sales were unchanged with 82 contracts written, while new listing activity fell 48.0 percent year-over-year as sellers listed 65 homes during the month compared to 125 homes in May 2019. Year-to-date pending contract activity is also positive year-over-year, rising 4.9 percent with 320 contracts written during the first five months of 2020. The median sales price ($175,750) and the average sales price ($191,238) declined 15.1 percent and 17.7 percent, respectively, compared to a year ago. Inventory is down 50.4 percent year-over-year, and the county has 1.8 months of supply at report time. Properties averaged 48 days on market in May 2020 compared to 53 days on market in May 2019.

Union County sales fell 30.7 percent year-over-year with 321 homes sold in May 2020 compared to 463 homes sold in May 2019. Pending contract activity declined 2.1 percent year-over-year to 473 contracts written during the month, while new listing activity declined 25.8 percent year-over-year with sellers listing 435 homes for sale compared to 586 homes listed in May 2019. Sales prices increased, with both the median sales price ($340,000) and the average sales price ($391,476) rising 11.5 percent and 8.8 percent, respectively, compared to last year. Inventory fell 37.5 percent year-over-year, with 562 properties for sale at report time.  This represents 1.5 months of supply compared to 2.5 months of supply in May 2019. Days on market until sale averaged 34 days compared to 43 days on market in May 2019.

Chester County, S.C., had a 34.6 percent year-over-year decline in sales during the month of May with 17 homes sold compared to 26 homes sold in May 2019.  Pending sales activity rose 100.0 percent year-over-year with 32 contracts written during the month compared to 16 contracts written last May. Year-to-date contract activity is up 24.1 percent compared to a year ago. New listings were unchanged compared to May 2019 with 21 new listings added on market. The median sales price increased substantially, rising 43.2 percent year-over-year to $191,100, while the average sales price rose 40.2 percent year-over-year to $215,568 during this past month. Inventory is down 42.6 percent, leaving the county with 1.9 months of supply of homes for sale. Days on market averaged 59 days in May 2020 compared to 40 days last year.

Chesterfield County, S.C., shows closed sales up 7.7 percent year-over-year with 56 properties sold compared to 52 properties sold in May 2019. Pending sales were also up 34.7 percent year-over-year with 66 contracts written during the month compared to 49 contracts written last year. New listing activity rose 38.0 percent year-over-year with 98 newly listed properties posted compared to 71 posted during the month of May 2019. The median sales price ($142,950) is up 9.3 percent year-over-year, while the average sales price fell 4.9 percent year-over-year to $131,143.  Inventory is up 14.3 percent year-over-year with 32 homes for sale at report time, leaving the county with 7.3 months of supply. Properties averaged 82 days on market in May 2020 compared to 84 days on market in May 2019.

Lancaster County, S.C.’s closed sales fell 31.3 percent year-over-year during the month of May with 158 homes sold compared to 230 homes sold in May 2019. Pending contracts rose 8.1 percent year-over-year with 227 contracts written during the month compared to 210 written in May 2019. Year-to-date contract activity is up 6.8 percent year-over-year when comparing to the first five months of May 2019. New listing activity was down 17.3 percent year-over-year with 182 properties listed during the month. Both the median sales price ($310,000) and the average sales price ($324,175) were up 9.2 percent and 11.3 percent, respectively, compared to a year ago. Inventory fell 32.6 percent, leaving the county with 302 homes for sale at report time, or 1.8 months of supply. Days on market averaged 57 days compared to 41 days in May 2019.

York County, S.C., sales in May 2020 were down 22.4 percent year-over-year with 461 homes sold compared to 594 homes sold in May 2019. Pending contract activity increased 5.0 percent year-over-year with 611 contracts written. Year-to-date there have been 2,452 contracts written during the first five months of the year, an increase of 0.7 percent over the same time period last year. New listing activity was down 38.8 percent year-over-year as sellers listed 449 properties for sale in May 2020 compared to 734 listed in May 2019. The median sale price is roughly unchanged ($274,900) compared to a year ago, and the average sales price ($301,742) rose 1.4 percent compared to the same period last year. Inventory is down 44.9 percent year-over-year, leaving the county with 1.3 months of supply of homes for sale at report time. Days on market during May 2020 averaged 29 days compared to 41 days in May 2019.

The Canopy Realtor® Association provides monthly reports on residential real estate market activity for the Charlotte Metro region based on data from Canopy MLS. The Charlotte Metro region, which this report is based on, includes 12 counties in North Carolina and four counties in South Carolina.


From our Charlotte Area MLS: A county by county break down of sales for the month of April, 2020. See image below.

May 11, 2020

Contact: Kim Walker, 704-940-3149

CHARLOTTE, N.C. – COVID-19 and the economic crisis continued in April, impacting the buying and selling of residential real estate in the Charlotte region. Sales fell 20.8 percent year-over-year, with 3,534 homes sold in April 2020 compared to 4,464 homes sold in April 2019, according to data from Canopy MLS. Closed sales compared to the previous month (March 2020) were down 16.9 percent. Year-to-date sales show the Charlotte region’s sales up 0.7 percent compared to sales during the first four months of 2019.

Pending contract activity, which is usually an indication of buyer demand and future sales, declined 17.6 percent year-over-year as buyers complied with state and county stay-at-home orders, resulting in 4,045 contracts signed in April 2020. In April 2019 there were more than 4,900 pending sales in the pipeline. Compared to March 2020, contracts declined 15.7 percent.

2020 Canopy Realtor® Association/Canopy MLS President John Kindbom notes, “Given the state and local stay-at-home orders, we knew that contract and new listing activity would be impacted and that sales would be slower and not as strong as they normally would be during this time. On a positive note, buyer demand has historically been strong in our region, which makes us confident that the market can recover.”

While home sales declined, home prices are still strong. Though the average list price in April 2020 ($336,523) was down 4.1 percent year-over-year, both the median sales price ($275,000) and the average sales price ($325,403) rose 8.1 percent and 7.1 percent, respectively, compared to prices last April. The original list price to sales price ratio was 97.7 percent in April 2020. Prices in the Charlotte region have been rising due to inventory lows that continue to persist.

New listings, which are typically a sign of seller confidence, fell 26.6 percent year-over-year with 4,258 new listings posted during the month. Compared to March 2020 when new listings totaled 5,933, overall listing activity was down 28.2 percent as sellers, showings and open houses were put on hold during the month.

“The region is moving toward reopening the economy, and real estate agents are now able to do more as long as they follow strict state and CDC guidelines. The Mortgage Bankers Association also announced a recent uptick in mortgage applications last week. We believe both of these factors will lead to the spring market, though temporarily delayed, resuming with real estate agents working with buyers and sellers to get homes sold in a safe manner,” Kindbom said.

Inventory remains challenged, down 24.9 percent year-over-year, and the region continues to experience strong seller’s market conditions with 7,556 homes available at report time. The 16-county Charlotte region currently has 1.8 months of supply, compared to 2.5 months of supply last April.

Days on Market, the metric that accrues for “Active” and “Under Contract-Show” statuses, average 38 days in April 2020 compared to 47 days in April 2019. The average number of days a property was on the market from the time it was listed until it closed (list to close) was 89 days.

April 2020 residential sales activity for the 16-county Charlotte Region

Alexander County, a rural county just outside of Hickory, North Carolina and west of Iredell County, had no change year-over-year in closed sales in April 2020, with just four transactions. Pending sales were down 33.3 percent year-over-year and new listings were down 62.5 percent year-over-year. The median sales price ($60,750) was down 57.3 percent compared to last April, when the median sales price was $142,250. The average sales price ($79,125) was down 44.9 percent from April 2019’s average sales price of $143,625. Inventory is challenged and is down 60.0 percent with 1.9 months of supply. Days on market for the county averaged 101 days compared to 50 days last year.

Anson County, just east of Union County, N.C., posted 15 sales in April 2020, down 16.7 percent compared to April 2019. Pending sales were also down 71.4 percent year-over-year, while new listings were down 36.4 percent year-over-year with only seven homes listed during the month. Both the median sales price ($119,000) and the average sales price ($109,153) were down 7.5 and 14.5 percent, respectively, compared to a year ago. Inventory was down 28.3 perc
ent, leaving 3.8 months of supply. Days on market during the month averaged 144 days compared to 124 days on market in April 2019.

Cabarrus County posted 257 closed sales during the month of April 2020, down 20.7 percent compared April 2019 when 324 sales closed. Pending sales also declined 12.1 percent year-over-year with 304 contracts written compared to 346 written last April. New listings fell 22.6 percent year-over-year with 335 listings this past month, compared to 433 in April 2019. Both the median sales price ($263,750) and the average sales price ($276,926) increased 11.1 percent and 5.6 percent, respectively, compared to prices a year ago. Inventory fell 27.5 percent, leaving the county with 1.5 months of supply of homes for sale. Days on Market in April trended at 36 days compared to 46 days last April.

Catawba County closed sales fell 3.1 percent with 155 properties sold in April compared to 160 properties sold during the same period last year. Pending sales declined 4.9 percent year-over-year with 176 contracts written, while new listings activity declined 23.1 percent year-over-year with sellers listing 163 properties for sale compared to 212 listed in April 2019. Both the median sales price ($195,000) and the average sales price ($261,080) rose 5.4 percent and 10.5 percent, respectively, compared to a year ago. Inventory is tight and fell 27.0 percent during the month, leaving the county with 2.1 months of supply compared to three months of supply in April 2019. Days on market until sale averaged 43 days compared to 52 days in April 2019.

Cleveland County saw closed sales in April 2020 rise 18.0 percent year-over-year with 59 properties sold compared to 50 properties sold in April 2019. Pending contracts also rose 3.0 percent year-over-year, with 68 contracts written, while new listing activity fell 4.6 percent year-over-year with only 62 properties listed compared to 65 listed during April 2019. Both the median sales price ($173,200) and the average sales price ($193,057) rose 15.9 percent and 12.8 percent, respectively, over prices from a year ago. Inventory is up 1.5 percent year-over-year in Cleveland County with 2.5 months of supply. Properties averaged 34 days on market in April 2020 compared to 52 days in April 2019.

Gaston County saw year-over-year sales decline 23.6 percent with 243 homes sold during the month compared to 318 homes in April 2019. Pending sales were down 4.3 percent year-over-year, with 309 contracts written during the month, while new listings also fell 18.0 percent year-over-year as sellers listed 291 homes for sale compared to 355 new listings in April 2019. Both the median sales price ($210,000) and the average sales price ($235,273) rose 9.4 percent and 13.5 percent, respectively, over prices from a year ago. Inventory is down 9.9 percent year-over-year, and the county has 1.7 months of supply of homes for sale. Days on market in Gaston averaged 40 days, which is unchanged compared to days on market until sale in April 2019.

Iredell County had a year-over-year sales decline of 23.5 percent with 260 homes sold during the month compared to 340 homes sold in April 2019. Pending contracts, which totaled 290, were down 20.5 percent year-over-year, while new listings were down 21.1 percent year-over-year, with 321 properties listed during the month. The median sales price ($290,000) is up 7.5 percent year-over-year, while the average sales price ($328,779) fell 6.7 percent compared to April 2019’s average sales price. Inventory is down 27.2 percent year-over-year, with 703 homes on market at report time and 2.4 months of supply. Days on market averaged 45 days in April compared to 67 days in April 2019.

Sales rose year-over-year in Lincoln County, up 13.0 percent with 113 homes sold in April 2020 compared to 100 homes sold in April 2019. Pending sales were also positive, rising 3.1 percent year-over-year with 132 contracts written compared to 128 contracts written last year. New listings fell 15.0 percent year-over-year, with 136 listings posted compared to 160 new listings posted in April 2019. Both the median sales price ($285,000) and the average sales price ($327,713) rose 6.9 percent and 13.6 percent, respectively, from a year ago. Inventory is down 20.4 percent, leaving the county with 2.8 months of supply compared to 3.5 months last April. Days on market averaged 57 days compared to 59 days until sale in April 2019.

Mecklenburg County had a 25.9 percent drop in home sales year-over-year with 1,370 homes sold last month compared to 1,850 homes sold in April 2019. Pending contracts were down 31.5 percent year-over-year, with 1,399 contracts signed compared to 2,041 contracts signed last year. New listing activity was also down 35.3 percent year-over-year with just 1,593 homes newly listed. Both the median sales price ($305,425) and the average sales price ($379,451) rose 13.9 percent and 11.4 percent, respectively, from a year ago as inventory tightened, declining 26.6 percent with 2,640 homes on market at report time. Mecklenburg County has 1.5 months of supply, and days on market was trending at 32 days in April 2020 compared to 38 days in April 2019.

Rowan County’s sales fell 7.9 percent year-over-year with 129 homes sold in April 2020 compared to 140 homes sold in April 2019. Pending sales rose 1.9 percent year-over-year to 157 contracts signed verses 154 contracts signed in April 2019. New listing activity fell 7.8 percent year-over-year in April to 166 new listings on market. However, year-to-date new listing activity is up 6.1 percent year-over-year, while year-to-date pending contract activity is up 11.4 percent in the county compared to year-to-date 2019. Both the median sales price ($191,500) and the average sales price ($208,320) rose substantially year-over-year, up 25.8 percent and 25.0 percent, respectively. Inventory is down 19.5 percent with 317 properties on market at report time, or 2.2 months of supply. Days on market trended at 37 days during the month of April 2020 compared to 52 days in April 2019.

Sales in Stanly County fell 8.0 percent year-over-year with 46 homes sold during the month of April compared to 50 homes sold in April 2019. Year-to-date sales are up 12.9 percent year-over-year, with 210 homes sold during the first four months of the year compared to 186 homes sold during the same period last year. Pending sales were up 11.1 percent year-over-year with 70 contracts written, while new listing activity fell 31.1 percent year-over-year as sellers listed 51 homes during the month compared to 74 homes in April 2019. Year-to-date pending contract activity is also positive year-over-year, rising 9.9 percent with 245 contracts written during the first four months of 2020. The median sales price ($190,000) and the average sales price ($204,047) rose 11.1 percent and 8.1 percent, respectively, compared to a year ago. Inventory is down 33.7 percent year-over-year, and the county has 2.1 months of supply at report time. Properties averaged 37 days on market in April 2020 compared to 47 days on market in April 2019.

Union County sales fell 28.9 percent year-over-year with 297 homes sold in April 2020 compared to 418 homes sold in April 2019. Pending contract activity declined 22.0 percent to 340 contracts written during the month, while new listing activity also declined 35.9 percent year-over-year with sellers listing 332 homes for sale compared to 518 homes listed for sale in April 2019. Sales prices are steady in Union County, with both the median sales price ($325,000) and the average sales price ($384,252) rising 4.8 percent and 5.0 percent, respectively, compared to last year. Inventory fell 29.8 percent year-over-year, with 609 properties for sale at report time. This represents 1.6 months of supply compared to 2.5 months of supply in April 2019. Days on market until sale averaged 38 days compared to 60 days on market in April 2019.

Chester County, South Carolina, had a 40.0 percent year-over-year decline in sales during the month of April with 12 homes sold compared to 20 homes sold in April 2019. Year-to-date sales are up 10.0 percent year-over-year with 55 homes sold during the first four months of the year. Pending sales activity rose 28.6 percent year-over-year with 27 contracts written during the month compared to 21 contracts written last April. Year-to-date contract activity is up 12.7 percent year-over-year. New listings were also positive in April, rising 22.7 percent year-over-year with 27 newly listed properties added to the market compared to 22 new listings in April 2019. The median sales price dropped 6.4 percent year-over-year to $140,450, while the average sales price rose 30.9 percent year-over-year to $201,124 during this past month. Inventory is down 35.5 percent, leaving the county with 2.4 months of supply of homes for sale. Days on market averaged 46 days in April 2020 compared to 45 days last year.

Chesterfield County, South Carolina, shows closed sales up 11.8 percent year-over-year with 57 properties sold compared to 51 properties sold in April 2019. Pending sales were also up 13.0 percent year-over-year with 61 contracts written during the month compared to 54 contracts written last year. New listing activity rose 11.5 percent year-over-year with 87 newly listed properties posted compared to 78 posted during the month of April 2019. The median sales price ($145,000) is up 20.8 percent year-over-year, while the average sales price fell 5.5 percent year-over-year to $133,496. Inventory is up 7.1 percent year-over-year with 30 homes for sale at report time, leaving the county with 6.9 months of supply. Properties averaged 80 days on market in April 2020 compared to 85 days on market in April 2019.

Lancaster County, South Carolina’s closed sales fell 13.6 percent year-over-year during the month of April with 133 homes sold compared to 154 homes sold in April 2019. Year-to-date activity shows home sales up 10.6 percent year-over-year with 582 homes sold already during the first four months of the year. Pending contracts rose 5.5 percent year-over-year with 211 contracts written during the month compared to 200 written in April 2019. Year-to-date contract activity is also up 8.5 percent year-over-year when comparing to the first four months of April 2019. New listing activity was down 7.3 percent year-over-year with 217 properties listed during the month. Both the median sales price ($296,500) and the average sales price ($311,484) were up 2.1 percent and 7.8 percent, respectively, compared to a year ago. Inventory fell 23.8 percent, leaving the county with 353 homes for sale at report time, or 2.1 months of supply. Days on market averaged 45 days compared to 64 days in April 2019.

York County, South Carolina, sales in April 2020 were down 15.4 percent year-over-year with 405 homes sold compared to 479 homes sold in April 2019. Pending contract activity slipped 2.7 percent year-over-year with 511 contracts written. New listing activity was also down 17.1 percent year-over-year as sellers listed 518 properties for sale in April 2020 compared to 625 listed in April 2019. Both the median sale price ($273,500) and the average sales price ($305,154) rose 4.2 percent and 6.6 percent, respectively, compared to the same period last year. Inventory is down 24.4 percent year-over-year, leaving the county with 1.7 months of supply of homes for sale at report time. Days on market during April 2020 averaged 39 days compared to 48 days in April 2019.

The Canopy Realtor® Association provides monthly reports on residential real estate market activity for the Charlotte Metro region based on data from Canopy MLS. The Charlotte Metro region, which this report is based on, includes 12 counties in North Carolina and four counties in South Carolina.

For more residential-housing market statistics, visit www.CarolinaHome.com and click on “Market Data.”  For an interview with 2020 Association/Canopy MLS President John Kindbom, please contact Kim Walker.

COVID 19 &Lake Norman Real Estate Market

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Lake Norman Boat Tour Video

Lake Norman Boat Tour

Today I’m taking you on a video tour of Lake Norman so you can see all that this lake has to offer for its residents.

What’s it like to be on Lake Norman?

I could tell you about it but why don’t I show you instead?

Follow along with me in the video above as I take you on a full lake tour and check out some of the notable harbors, coves, and restaurants.

Highlights of this tour include stops at:

  • Hello, Sailor. This is a new waterfront restaurant in Cornelius that’s currently under construction. The concept is a modern, upscale fish camp with a chef-driven menu and a Palm Springs feel.
  • The North Harbor Club. This is another waterfront restaurant that’s boat accessible. It has both a patio and an inside eatery.
  • The Lake Norman Cottage. Located right next door to the North Harbor Club, this is a wine shop that also features a retail shop.
  • The Davidson Landing. This area features many of the lake’s condominiums, and each complex has its own name.
  • The Trump National Golf Course and Clubhouse. This 18-hole golf course was designed by Greg Norman. You can join via a golf membership, social membership, or sports membership.
  • Cocktail Cove. This cove is a place where boats like to anchor up so their passengers can enjoy a beverage or two.
  • The Peninsula Yacht Club. Located inside the peninsula, which is a waterfront golf course community in Cornelius, you can join this club as a social member or a yacht member. Both memberships provide access to the dining rooms and the pool. The yacht club membership allows you to rent a boat slip.
  • The home of Nascar’s Denny Hamlin. This home is 30,000 square feet and features a full-size indoor basketball court, a two-lane bowling alley, an Imax movie theater, a helicopter pad, two piers, and a swimming pool.

If you have any more questions or need any more information about any of these places or the geography of Lake Norman, just give us a call.

If you’re thinking about buying a place on Lake Norman, we’d love to take you out on the water and show you around.
Lake Norman Boat Tour
Living on Lake Norman is a lifestyle, and there are plenty of ways to access the lake without being waterfront. There are condos and homes that have deeded boat slips, and if you have your own boat, many neighborhoods offer boat storage, and there are plenty of marinas that offer both dry storage and wet storage. If you’re not ready to buy a boat or you’re not sure which boat you should buy, you can always get started with a boat club membership.

Well, hopefully this gives you a good feel of Lake Norman If you any questions, please reach out. We are here to help. Looking for a waterfront home? Check out these lake norman waterfront homes for sale.

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Fixed Dock On Lake Norman

Docks, Piers & Boat Slips on Lake Norman Waterfront Homes Explained

Often the terms docks, piers and boat slips are used interchangeably when discussing waterfront structures on Lake Norman. This article provides a base definition of the terms and some of the guidelines that go along with them.

Any construction or existing of a pier, dock or boat slip below the 760 elevation level (considered full pond and sometimes listed as 100 ft) on Lake Norman comes under the regulation of Duke Energy Lake Services (DELS). The maximum square footage over the water (beyond the 760 line) for piers, docks or boat slips is 1000 sq.ft. If there is a roof over a boat slip then the total square footage of the uncovered area added to the square footage undercover cannot exceed 1000 sq.ft. Here is a detailed article about covered boat slips on Lake Norman.

Piers: A pier is a fixed structure that protrudes from the water’s edge into the 760 elevation line and into the water. Typical width is around 5 feet but they vary. The length is determined by many factors including the distance needed to get adequate water depth and specific design to stay within the maximum sq.ft. allowed. A dock/boat slip can be added to the end of the pier based on 1,000 sq.ft. regulations.
Lake Norman Waterfont Home Pier

Pier with Gazebo

Docks: A dock is wider than a pier and can be fixed or floating. Floating docks, like their name indicates, have flotation devices attached underneath that allow them to float in the water. On the other hand, fixed, docks are attached directly to the pilings and do not rise and fall with the lake level. With a fixed dock you access lake by stairs and/or a boat lift. If your property gets a lot of wake, a fixed dock can substantially reduce the wear and tear on your dock. In the past, fixed docks were more expensive than a floating dock. Today most dock builders say they have similar costs.
Covered Boat Slip with Lift on Waterfront Lot

Covered Boat Slip with Lift

Waterfront Fixed Dock with Stairs

Fixed Dock with Stairs

Floating Boat Slip

Floating Boat Slip

Boat Slips: If a dock is constructed with a space for a boat, it is called a boat slip. It’s like the lake version of a parking space. The slip will vary depending on size but most will accommodate the width of a pontoon boat.

Note: There have been significant changes over the past decade which has created more restrictive guidelines. If you see homes with permitted docks over 1,000 sq. ft., they are considered “grandfathered” (Non-compliant but permitted). The footprint of these docks can be maintained but no additions or modifications can be made unless you are to conform to current guidelines.

If a dock/boat slip exists but needs repairs a maintenance application is required for any updates or improvements including but not limited to: replacing dock boards, framing, or structural changes. When replacing pilings, floats, or boat lifts a permit is not required.

Additional Information

Catawba Basin Lakees

Catawba Basin Lakes

 

SHORELINE MANAGEMENT GUIDELINES

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Slanting Bridge Road

Lake Norman Bridge Heights

We have created a map that shows all the different bridge heights around Lake Norman.  (See Below).  On the southern part of the lake, there are not really any bridges to be concerned about besides the Williamson bridge which is located on the southeast side. The bridge connects you to a couple of waterfront restaurants as well as some waterfront homes and condos. The bridge height is 6′ at full pond so you will want to check the current lake level and your access will depend on the size of your boat. Personally, I usually don’t have a problem in a pontoon boat, sometimes I do have to put down the bimini. If you have a sail boat then you will need to stay south of the 150 bridge.

We also added some of the waterfront restaurants, marinas and public boat ramps to the map. You can click on the top right corner of the map to make it larger.

Slanting Bridge on Lake Norman

This is a photo of the slanting road bridge which is an iconic bridge on the northwest side of Lake Norman right next to The Boat Rack marina and The Landing Waterfront restaurant.

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Lake Norman Lake Level Video

Lake Norman Lake Levels

Lakes all around the country are handled differently in regards to maintaining lake levels. Lake Norman as well as Lake Wylie have dams operated by Duke Energy that control the water levels in these lakes.

The lake has target levels as well as minimum and maximum levels that Duke maintains. You can go to Duke Energy’s Lake Service website to get the current lake level and the target levels. We created a shortcut that will take you directly to the page you need, just go to lakelevel.lakerealty.com. Let’s take a look at that page.

You can see that the current level today is 96.4 ft. You can also call 800-829-LAKE to get this level by phone. This measurement is based on a full pond reading of 100’. As you can see this is right around the target level that Duke has set. If we look at the 13 month history, you can see the variation throughout the year.

Lake Norman Lake LevelsThe black line is the max level at full pond. The blue line is the minimum and the green line is the target. The light blue line is the actual lake levels throughout the year. You can see that there were variations but the actual lake levels hoovered around the target level. So while there are changes in the lake’s levels, they are not nearly as drastic as you will find on many lakes. You can also see that the target level is the highest between April and September which corresponds with the peak periods of recreational activity.

Lake Norman Facts:

  • Year Built: 1959-1964
  • Area: 32,510 acres at full pond
  • Length: 33.6 miles
  • Width: 9 miles
  • Shore Line length: 520 miles
  • Maximum Depth: 110 feet
  • Average Depth: 33.5 feet
  • Capacity: 3.4 trillion gallons of water
  • Volume: 1,093,600 acre-feet

Referencing these tables is also beneficial when you’re out looking at waterfront properties. You want to make sure that your dock has good water depth especially where you are going to be pulling your boat in and out. So if you are out on a dock on February 1st and you have good water when the target level is 94’ and the actual water level is 96’ then you will have a feel for what the water depth will be like on May 1st when the target level is 98’ and actual water level this past year was 98.9’. You can also use the minimum target levels to get a gauge of what the water levels would be at the extremes.

If we scroll down you will also see this statement; “Normal Full Pond Elevation = 100ft = 760.0 ft..” I wanted to take a second and explain the 760 line which is what the 100ft number we mentioned earlier is based on. Let’s jump over to a topo map of Lake Norman that shows the elevation contour lines. When we zoom in you will see the elevation numbers. The 760 lines runs roughly along the shoreline. The 760 elevation line is where Lake Norman is at full pond. It also demarks where Duke Energy’s oversight starts on stops. Any activities that would require permitting or approval at the 760 or below would go through Duke. Above the 760 line, oversight would depend on if the activities were in the buffer zone as well as the specific county and neighborhood guidelines.

Well, I hope this article gave you some good background info into Lake Levels on Lake Norman. If you any questions, please reach out. We are here to help. Looking for a waterfront home? Check out these lake norman waterfront homes for sale.

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Beatty Ford Park Expansion

Beattys Ford Park Expansion

Update on Beatty’s Ford Park & Access Area Expansion.

Duke Energy will be adding a fishing pier, swimming area and additional paved parking. These items are in red on the photo above and are required. Duke Energy is legally bound by the federal operating license and the CRA (Catawba-Wateree Hydro Project Comprehensive Relicensing Agreement) to implement these recreation improvements.

Beatty Ford Park Expansion

Please note that this is representative in nature and not based on construction drawing.

These enhancements will be added to the existing recreation facilities which consist of four 1-lane boat ramps, two courtesy docks, vehicle with trailer parking (including ADA), picnic facilities and restrooms.

The items in blue are optional. These are non-project recreational enhancements that may be completed by Lincoln county. These enhancements include: picnic tables, picnic shelters, restrooms, bathhouse, concessions, and expansion of existing emergency management office, dock & parking.

This would add to the existing non-project recreation facilities which consist of a splash pad, playground, walking trail, sand volleyball court, emergency management office, emergency management dock and emergency management ramp.

Please note that this is representative in nature and not based on construction drawing.


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Lake Norman Boat Slip Videos

Lake Norman Boat Slips: Can you cover them?

There’s no simple ‘yes’ or ‘no’ answer to this question. Whether you’re allowed to have or own a covered boat slip will depend on your specific property and boat design. To get started, there are two sets of guidelines that you need to be aware of.

The first are the CC&Rs (covenants, conditions, and restrictions) issued by a homeowners association. An HOA may prohibit a covered boat slip or may have additional restrictions that must be adhered to. If you’re considering a property with an HOA, then you’ll want to check out their CC&Rs first.

The second set of guidelines are the shoreline management guidelines (SMG) issued by Duke Energy’s Lake Services.

As we get into these guidelines, it’s helpful if we separate new docks from existing docks because the guidelines for an existing dock are a little more nuanced. Let’s begin with new docks.

For a new dock, your design can include a covered boat slip, assuming all the requirements are met for a conforming dock, including the following guideline that can be found in Section 4 of the SMG:

Canopy roofs are permitted, provided the sides are not enclosed. The canopy must not block cross vision any more than a “standard pitched roof.”

When you are applying for a new dock, Lake Services will review your design and verify if it’s permissible on your specific property.

Before moving onto existing docks, there’s one important difference between covered and uncovered docks that we need to address. It’s essential to understand that the square footage is calculated differently for a covered dock versus an uncovered one. For example, to calculate the square footage of an uncovered dock, you would take the area that you can actually walk on. If you covered it, you would have to include the entire area under the cover as well.

This difference in how to calculate the square footage can potentially be a major factor; many docks have already been built to the maximum square footage allowed.

Now let’s get back to existing docks. Is the existing dock a conforming or nonconforming (aka grandfathered) structure? If the dock is nonconforming and it already exceeds the current maximum allowable square footage, then according to the guidelines, no additions may be made, including but not limited to adding roofs or decks above the existing portion of the dock. If it is conforming, you are allowed to cover the boat slip, as long as it abides by the applicable guidelines and doesn’t violate other guidelines.


What if you wanted to cover your boat slip and double it up as a sun deck? According to the guidelines, decks, gazebos, covered boat slips, and boat shelters may be roofed and designed to allow second-story use—like a sun deck. However, the second story must not be roofed to create a two-story roof structure.

Here are three more guidelines that you might find beneficial to know:

  • Covered boat slips and boat shelters may have one 4-by-6-foot enclosed storage closet on one of the corners of the structure closest to the shore.
  • The sides of gazebos, boat shelters, and covered boat slips are not to be enclosed, which includes but is not limited to siding and latticework.
  • No new or expanded docks will be authorized in cove areas less than 25 feet wide.

What we’ve discussed today is intended to give you a general understanding of the guidelines that surround covered boat slips. Ultimately, Lake Services will have the final say in what is and is not allowed. They state this in their guidelines under the title of “Special Ruling,” reading:

“Since every possible scenario cannot be anticipated, Duke Energy Lake Services reserves the right to make special rulings in cases not specifically covered by these guidelines or to prevent violating the intent of the permitting programs.” To download the shoreline management guidelines, go to https://guidelines.lakerealty.com.

I hope that this has been helpful and insightful. Discussing the rules was not intended to make the process seem complicated, only to help you understand the guidelines better. If you’re working with a dock builder or Lake Services, they know all the guidelines inside and out.

Well, I hope this article gave you some good background info into Covered Boat Slips on Lake Norman. If you any questions, please reach out. We are here to help. Looking for a waterfront home? Check out these lake norman waterfront homes for sale.

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Lake Norman Marinas

Lake Norman Marinas

Lake Norman MarinasAs the largest man-made body of water in North Carolina, Lake Norman is often referred to as “the inland sea.” At 34 miles long and 8 miles wide at its widest point, the lake covers nearly 50 square miles and provides over 520 miles of shoreline to explore.

Obviously, with that much available to explore, lake enthusiasts have long known the best way to get to know Lake Norman is to get out on the water. Boating is extremely popular all around the lake, and the demand for adequate boat storage, docking, and launch access has resulted in a large number of public and private marinas that have sprung up in seemingly every community that includes waterfront.

Below you’ll find a comprehensive list of Lake Norman Marinas and some of the less formal boat launches available, along with a few details about location, usage, and whether or not fees are required. For ease of organization, we’ve listed the marinas in order of their position on the lake, starting in Statesville at the northern tip and proceeding clockwise around the lake, ending in the Long Island/Catawba area of eastern Catawba County. (See the map to follow along.) We encourage you to visit the individual marina websites for further details.

The northeast section of Lake Norman

This section includes southwestern Statesville, Troutman, and most of the city of Mooresville. The northeastern section of Lake Norman’s shoreline includes a diverse geography and equally diverse collection of communities, parks, green spaces, and scenic drives.

This area also includes several beautiful residential waterfront communities, including The Point, Falls Cove, Bay Crossing, Beacon Pointe, Bells Crossing and Windemere.

Lake Norman State Park in Troutman

Although not technically a marina, the Lake Norman State Park offers public access to boat launches as well as kayak and paddleboat rentals alongside public swimming and picnicking areas, hiking and cycling trails, rentable pavilions, and a snack shop.

Skipper’s Landing Marina on Lake Norman in Troutman

Skipper’s Landing is one of several Lake Norman marinas operated by Morningstar Marinas. The facility houses 415 dry slips and 7 wet slips for short- and long-term storage. In addition, the facility offers boat rentals, washing/waxing/detailing, full winterization/dewinterization, and a fully stocked Ship’s Store for all your boating essentials. A complimentary shuttle service is provided to minimize your launching/loading time and maximize your time on the water.

River City Marina in Mooresville

The River City Marina offers all the basics the experienced boat owner wants and needs: boat launches and docks, parking, gas, and a pumpout station. Plus, the facility includes a well-stocked grocery store and it’s right next door to the Beach House LKN restaurant if you want dinner and drinks before you head home for the night.

Inland Sea Marina in Mooresville

The Inland Sea Marina contains 100 slips for mooring and storage with rentals/leases available on a monthly, quarterly, or yearly basis. For when you’re using your boat, they also offer gas, snacks and drinks, dockside water, electric, and cable, bathhouses with hot showers, and a fully-stocked ship’s store carrying all the essentials for a fun day on the lake.

Stutts Marina on Lake Norman in Mooresville

The Stutts Marina is a small marina specializing in partially covered births built to accommodate 50’ to 80’ boats. A gas dock is also available, along with a grocery store, public boat launch, and paddleboard rentals.

The southeast section of Lake Norman

Including the southern end of Mooresville, Davidson and Cornelius and the growing city of Huntersville, the southeast end of the lake has become the go-to spot for trendy, upscale lake living that’s conveniently close to Charlotte and elsewhere for work.

Several gorgeous waterfront communities offer unparalleled residential options, including The Peninsula, Flagship, Captain’s Point, Patrick’s Purchase, Sisters Cove, Sterling Pointe, Stinson Cove, and Bluff Point Road.

All Seasons Marina on Lake Norman in Mooresville

All Seasons Marina offers 220 slips for docking or storage, and it’s open year round. Facilities include Lake Norman’s only 25-ton lift, electricity, water, and showers, repair facilities, drinks and snacks, and the Ship Store, where you’ll find everything you need to get your boat clean and safety ready for a fun day on Lake Norman.

Holiday Marina on Lake Norman in Cornelius

The Holiday Marina is a full service boating maintenance and storage facility with 593 slips and storage from jet skis to yachts, repair facilities, boat ramp, electricity, water/ice, shower, and The Rusty Rudder restaurant, if you need to kick back with a good meal after a day on the water. A large, fully enclosed dry storage facility is also available if you’d like to keep your boat closer to the lake over the winter.

Kings Point Marina on Lake Norman in Cornelius

Kings Point Marina offers boat rentals along with full service storage and 793 available slip options. Pontoons and deck boats are available to rent. The property also includes repair facilities, electricity, water/ice, shower, phone, a clubhouse that’s perfect for formal events, and outdoor picnicking and cookout areas for a more casual get together.

Blythe Landing in Cornelius

Blythe Landing is a small park and public access boat launch managed by the Mecklenburg County Park and Recreation Department (fees apply based on residence status.) There are six boat launch sites within the 26-acre park, along with floating piers, a playground, picnic areas, sand volleyball courts, and the Dockside Café where you can grab a snack and drink.

Ramsey Creek Park in Cornelius

The Ramsey Creek Park is a public waterfront park managed by Mecklenburg County. It covers 46 acres and features a public swimming access area, boat launching and docks, a new playground, picnic shelters, nature trails, and a fishing pier. Shelters are available for rent for picnics and casual events along the shores of Lake Norman. Several walking trails offer a great place to walk and admire nature at its finest.

Peninsula Yacht Club in Cornelius

The Peninsula Yacht Club offers all you’d expect from an upscale Lake Norman marina, with a special leaning toward larger vessels. You’ll find 410 slips/storages, diesel, pump out repair, boat ramp, electricity, water/ice, shower, phone, restaurant, and store. Since it is a private members-only marina, the Yacht Club offers several different membership options that each provide different levels of service and amenities.

Latta Plantation Nature Center and Preserve in Huntersville

The Latta Plantation Nature Center and Preserve offers something for everyone – the historic Latta Plantation itself, where early American life is recreated, a Nature Center, full-service Equestrian Center, 18 miles of hiking trails and horseback riding, picnic area with shelter overlooks, fishing and kayak tours and boat launch area. From the small boat launch, you can paddle out to Mountain Island Lake where you’ll find plenty of great fishing spots.

The southwest section of Lake Norman

Moving over to the “quieter side of the lake” on the western shores, you’ll find the large town of Denver along with numerous small hamlets and waterfront communities.

Along with a number of public and private marinas and boat launches, the following waterfront communities hug the lake in this region: Norman Estates, Cowan’s Ford, Governor’s Island, Pebble Bay, Sailview, Cove Key, Harbor Oaks, West Bay, and Webbs Chapel Cove.

Westport Marina on Lake Norman in Denver

Westport Marina of Denver is one of the largest marinas on the lake, with over 600 wet and dry berths, indoor storage facilities, Lake Norman’s only full-service diesel engine shop, free pick-up and drop-off service, gas, and a well-appointed ship’s store. In addition, Westport Marina offers boat rentals, new and used boat sales, and storage for jet skis as well.

The northwest section of Lake Norman

In the northwest shoreline area, the primary communities are Sherrills Ford, Terrell and Long Island (part of the village of Catawba.) Although upscale golfing communities and other exciting recreational activities abound here too, this area caters as much to the average recreational boater and day tripper as to the life long Lake Norman resident.

The full-time lakeside resident hasn’t been forgotten, however, with incredible lake views afforded from all of these waterfront communities: Mirror Lake, Northview Harbor, and Pearl Springs Estates.

The Lake Norman Marina on Lake Norman in Sherrills Ford

The Lake Norman Marina in Sherrills Ford has been in family owned and operated since it opened in 1974. Along with selling Cobalt boats and Bennington pontoons, the marina offers service, storage, and rentals. It’s also the home of the Lake Norman Boat Club. If you’re in the market for a new boat, you can View over 40 new and used boats in the Carolina’s largest indoor waterfront showroom.

Mountain Creek Marina on Lake Norman in Sherrills Ford

Mountain Creek Marina is a small marina catering to brief stops for gas, groceries, and other essentials during a day on the water. The Aquaventure Watercraft Rentals location is the real star of the show, offering some of the best boat rental selection on Lake Norman, and access to a valuable membership plan that can put boat ownership within reach of most.

The Midway Marina on Lake Norman in Terrell

The Midway Marina in Terrell offers 200 slips for temporary or long-term storage, repair facilities, boat ramp, electricity, water/ice, phone, grocery, restaurant, and store. And if you don’t own a boat, that’s not a problem. Lake Effects Marine boat rentals has you covered.

Long Island Marina on Lake Norman in Catawba

Although the Long Island Marina has day-use and storage slips available, their real claim to fame is a huge selection of new and used boats for sale and a comprehensive suite of services available, from repair to keel painting, and everything in-between.

As you can see, Lake Norman is a true boater’s paradise. And it’s not just a great place to play. It’s also a great place to live. If you’re considering owning a home near Lake Norman, we can help. Contact Lake Realty today.

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Deep Water Measurements on Lake Norman

Lake Norman Deep Water

What is Considered Deep Water on Lake Norman?

When looking at Lake Norman Waterfront homes for sale, potential buyers often ask ‘what is considered deep water on Lake Norman?‘ While there is not an official number, if you have at least 10 feet of water at full pond where your boat will dock we consider that deep water.  Here’s the thinking behind that number.

During the primary recreational season, mid-March to October, Duke Energy has a target level of 96 ft. to 98 ft.  (Lake level is based on full pond reading of 100 ft.  Watch this video for a detailed explanation of Lake Norman Lake Levels).  So, if you have 10 ft’ of water at full pond this would correspond to a depth of 6 to 8 feet when the lake level varies between 96 ft to 98 ft.  This provides plenty of depth for most boats to get in and out.  I will note that over the last 3 years the actual level has ranged from 97 ft. to 100 ft during the primary recreational season.

If you plan to leave your boat in the water year around without using a lift, you will want to be cognizant of the lake level during winter months when the lake is lower.  (If you want to know more info about the lower extreme levels, check Lowest Lake Norman Lake Levels.)

Slide on Lake Norman

How You Use Your Dock Matters

Do you like to float and swim around your dock?  Lots of people primarily use their docks for hanging out and boating in & out.  Others like to float (with or without cocktails), swim or use sliding boards on their docks.  In this case, a foot or two can make a big difference.   For example, at a depth of 5 feet you can stand up and may bottom out when landing the classic cannon ball off your dock.  But just two feet more at a depth of 7′, you can swim without touching the bottom.

There can also be a big difference from the front of your dock to the end of your dock.  Docks will average around 30 ft in length and depending on the slope of the lake bed the depth can change quickly.  Along those same lines you may only have to go out a few extra feet from your dock to be in deeper water.

Because the lake was flooded, the lake bed follows the typography of the land below.  As result the level can change drastically.  I’ve been on parts of the lake that drop 80 feet in a very short distance.  The typography of the lake bed is why you may notice ‘Shoal’ (i.e. shallow) signs out in the middle of the main channel.   How deep is Lake Norman?  The answer varies slightly depending on the source but the stats range from between 110 to 130 ft at Lake Norman’s deepest point.

There are lots of variables to consider when buying a Lake Norman home.  Each property is unique and has its own characteristics when it comes to the house, location, dock and the water.    The houses will vary by size, style, age and layout.  The location on the lake will offer different amenities and feel.  The docks can be covered or uncovered, with or without a lift and old or new.  The water choices will include big view vs small view, cove view vs main channel view, depth of the water and the existing dock set up.   Hopefully, this article helped you further understand the term ‘deep water’ on Lake Norman.

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Lowest Lake Norman Lake Levels

Lowest Lake Norman Lake Levels

If you are thinking about buying a Lake Norman waterfront or listing a Lake Norman waterfront home, you may be wondering, ‘how low does the lake level get?’

You would think this would be easy information to find.  You can easily access the 13 month history on Duke Energy’s website but it does not provide data beyond that.   After googling and searching through old news articles without a definitive answer, I reached out to Duke Energy’s Hydro Operations to get the answers.

So what is the lowest lake level on record for Lake Norman?  Drum roll please…….

Drum Roll

 

The lowest level on record for Lake Norman was 93.1 ft. in 2007. 

I want to point out that the lake level is based on a reading of a 100 ft at full pond which corresponds to the 760 typographical line.   Think of it this way, at 93.1 ft the lake was 6.9 feet lower then when it is full.   We created a video that further explains the Lake Norman lake level and the 760 line.

The chart below displays the lake levels from January 2008 to October 2019.  The blue lines are the actual levels and the red lines are the target levels.  Notice that it only dipped below 95’ in 2 of the last 12 years.  The lowest reading for those 2 years, October 2014 and January 2016, were during the second driest period on record when they bottomed out below 94’.  It’s important to note that lowest reading for each year are typically during the winter months when the target levels set by Duke Energy are lower. 

Lake Norman Lake Level History

 

Lake Norman Water Level History

For many, what’s most important is the lake levels during the recreational months.  From mid-March to October the target lake levels are from 96 ft to 98 ft.  I’ve added another chart below that marks the lake level during July. See the green lines.  Notice that in the last 12 summers the lake level has only gone below 98 ft during July during one year.  That year was 2014 during the dry period noted above.

I also found it interesting that the variation in the lake levels was a lot less over the last three years indicated by the tighter grouping of the blue line.  During this time period, the lake level was mostly above the target level set by Duke Energy.  This makes sense when you note that 2018 was the 5th wettest year on record and the Jan to Feb of 2019 was the 9th wettest Jan to Feb on record.

Lake Norman Lake Levels Boating Season

 

You do see a sharp drop in the lake level in October of 2019 which is unusual considering that Lake Norman experienced the 9th wettest Jan to Feb on record.  Personally, I think there were a few events that contributed to this level.  In June, after a tremendous amount of rain in 12 hours, the lake level reached its max level and as a result Duke Energy released a large amount of water from the damn which led to flooding on Mountain Island lake.  Then in September hurricane Dorian ripped through the Bahamas and as it moved up the east coast there was a potential for a large amount of rainfall in our area.  The lake level was dropped in anticipation.  The rain never materialized and then we experienced abnormally dry conditions.

You may also be interested in another related article, ‘What is Considered Deep Water on Lake Norman’.

MONTH NORMAL MINIMUM (FT.) NORMAN TARGET (FT.) NORMAL MAXIMUM

January

93

96

100

February

91

94

100

March

92.26

95.26

100

April

93.65

96.65

100

May to October

95

98

100

November

93.98

97

100

December

93

96

100

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Lake Norman News & Development

We are collecting articles about developments in the Lake Norman Area.  If you have a suggestion, please leave comment.

Habor Community Updates:

Proposed Development adjacent to the 150 bridge across the near The Blue Parrot.

Rezoning approved for proposed harbor community at Midway Marina

Habor Community Development


The Villages at Sherrills Ford

Development around the Villages at Sherrills Ford


Hwy 150 Expansion along the northern section of Lake Norman.

The project will be split into 2 parts.  The dividing line will be  near the Marshal Steam Plant.

Click image to see the pdf version

Hwy 150 Expansion

Highway expansion causes Mooresville businesses to close, relocate

Project Overview from NC DOT

Photos and Videos from NC DOT


Thousands of homes coming to eastern Lincoln County

Thousands of homes coming to eastern Lincoln County

New Subdivisions:
Fox Chase: 47 lots
Rock Creek: 150 lots
Sylvan Creek: 198 lots
Newton Crossing: 200 lots
Melwood: 200 lots
Westport Lakeside: 275 lots
Villages of Denver: 370 lots
Mariners Points: 80 lots
Canopy Creek: 152 lots
Killian Creek: 54 lots
Creek Park: 170 lots
Essex Homes: 215 lots
Wildbrook: 150 lots
Rivercross: 460 lots
Ingleside Farm: 422 lots
Trilogy: 1,250 lots
Carrington: 302 lots
Matthews-Heathers: 20 lots

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