Lakeside Housing Market Highly Competitive

If you’re looking to buy a lakeside home at a huge discount, right now might just be the time to act!  Of course, that’s if you don’t mind living in north Charlotte NC on Lake Norman.

A recent story run by WCNC news station talked about the glut of lakeside homes that are available in Lake Norman, and many of them are listed at steep discounts. For example and as quoted in the Charlotte Observer,

“It’s 7,000 square-feet,” said broker Jason Noblitt as he looked at pictures of a waterfront foreclosure in Mooresville. “It was on the market for approximately $1.7 million.”

The 5-bedroom, 4 1/2-bath house is under contract now and Noblitt thinks it’ll sell for under $1 million. That’s a $700,000 discount.

“In our current market you absolutely are not going to get what you did in 2006 or even 2007. We need to look at where prices were in 2004 and 2005,” he said.”

And it’s not as if there isn’t competition either.  An MLS search showed 470 lakeside homes listed in the Lake Norman area, which means it’s a highly competitive housing market.

Of course on the flip side, if you’re looking to purchase a lakeside home, now is certainly a great time to act!

Down here in the Fort Mill SC area, it’s still most definitely a buyer’s market, but as I’ve always said, if your home is marketed and priced correctly, there’s absolutely no reason why you shouldn’t expect to get a fair value for your home.

To learn more about the Fort Mill SC or Rock Hill SC housing market, contact me today and I’d be more than happy to show you exactly what the Fort Mill SC real estate market looks like.