Summer Continues To Show Strength

The North Charlotte/Lake Norman Region powered on into mid-June, with 121 luxury homes over 500k under contract around Lake Norman, and 130 in the 250-400k range in Huntersville. Tightening inventory, particularly in the range below 1 million is resulting in single digit price appreciation in many of the areas around the lake. The Point, which started slowly in 2013, has seen conditions improve with 18 homes now under contract. The west shore area has also seen belated improvement, with 9 luxury homes under contract. Davidson and Cornelius continue to steamroll along, particularly in the 500 to 1.5m range, where prices are up around 8 percent from last year. - See more at: http://www.ivesterjackson.com/2013/06/summer-continues-to-show-strength/#sthash.BLzlm0QN.dpuf