allenadamsrealty 📊 Local Market Update: February 2024 🏠 📈 Key Metrics: New Listings: 176 (+26.6%) Pending Sales: 157 (+18.0%) Closed Sales: 123 (+5.1%) Median Sales Price: $476,500 (-20.2%) Average Sales Price: $699,192 (-7.6%) Percent of Original List Price Received: 95.5% (+0.5%) Days on Market Until Sale: 68 (+28.3%) Inventory of Homes for Sale: 321 (+23.0%) Months Supply of Inventory: 2.1 (+23.5%) 🔍 Insights: - Despite an increase in new listings and pending sales, closed sales saw a slight decrease. - Median sales price dropped by 20.2%, while average sales price decreased by 7.6%. - Days on market until sale increased by 28.3%, indicating a slower market pace. - Inventory of homes for sale increased by 23.0%, leading to a higher months supply of inventory. 📉 Market Analysis: The February 2024 update shows a mixed scenario with increased listings and pending sales, but a decline in closed sales and prices. Sellers may need to adjust their expectations, while buyers might find more options in the market. For more detailed insights, reach out to @bill_adams_realtor realtor. Stay informed! 💡 https://allenadamsrealty.com #RealEstateUpdate #MarketTrends #LocalMarketAnalysis #lakenorman #lkn #lakenormannc #davidsonnc #corneliusnc #mooresvillenc #lakenormanliving #lakenormanrealestate #denvernc #allenadamsrealty #billadamsrealtor #marketupdate #housingtrends #realestate

allenadamsrealty 🏡 **Lake Norman Market Update - January 2024 Recap! 📊** 📈 In the ever-evolving real estate scene this January, our market has some fascinating highlights! New listings are on the rise, inching up 2.6% from 156 to 160. 📈 Meanwhile, pending sales are booming with a 13.5% spike, jumping from 141 to 160. 🚀 On the flip side, closed sales took a bit of a dip, down by 16.8% from 101 to 84. 💰 Price alert! 📣 Both median and average sales prices are shining bright. Median sales prices are up 14.1%, hitting $565,000 from $495,000. 🌟 Average sales prices took a leap of 25.1%, soaring from $631,281 to $789,587. 💸 🏠 Looking at the housing market dance, we’ve got more options with a 10.5% increase in inventory – from 295 to 326 homes for sale. 🏡 This nudged the months’ supply from 1.9 to 2.1. Also, shout-out to the swift sellers – days on the market until sale dropped by 22.4% to just 45 days! ⏰ 📊 When it comes to listings and closings, we’re seeing a quicker turnaround, with list-to-close time down by 17.5%. 🔄 However, closed sales dipped by 16.8%. 🔍 Additional deets: A slight 0.6% dip in the percent of the original list price received, but hey, the average list price climbed by 13.3%! 📈 📆 This January snapshot gives a peek into our resilient market, with positive pricing vibes and balanced supply and demand. #RealEstate #MarketUpdate #HousingTrends #January2024 #lakenorman #lakenormannc #lkn #davidsonnc #corneliusnc #mooresvillecn #lakenormanliving #lakenormanrealestate #denvernc #allenadamsrealty

allenadamsrealty Exquisite waterfront home on a 1.14-acre cul-de-sac lot offering the best in quality craftsmanship and detail. Enter through custom stained-glass doors to an inviting, elegant yet comfortable home. The main floor great room features a stunning barrel ceiling, built-ins, and a gas fireplace and adjoins the open dining and kitchen w/ island, stainless appliances, granite counters, and built-in desk. Just off the great room is an expansive screen porch with kitchen/grilling area. Primary suite on main with lavish en-suite, walk-in closet and its own private screen porch overlooking secluded backyard. Secondary bedroom w/ en-suite on this level as well. Upstairs, find an amazing media room and half bath. The lower level offers a large great room w/ gas fireplace, built-ins, and rec room/billiard area. Two bedrooms with en-suite baths, an additional room w/ en-suite bath & closet, and an exercise room complete this level. Semi-finished heated/cooled basement storage. Additional storage accessed from the outside for lake toys and/or lawn equipment. Pier with deck, covered dock, 2 boat lifts (one cable lift and one new Hydrohoist float lift) and 2 jet ski lifts. MLS LISTING: https://api.ripl.com/s/zigfi3 PROPERTY LISTING & VIRTUAL TOUR: https://api.ripl.com/s/cv9vt6 8921 Linden Grove Ct. Sherrills Ford, NC 28673 Bill Adams - REALTOR® https://api.ripl.com/s/staxgu https://api.ripl.com/s/keb8a0 #lakenorman #lkn #lakenormannc #lakenormanrealestate #milliondollarlisting #sherrillsfordnc #billadamsrealtor #allenadamsrealty

allenadamsrealty This morning at one of our waterfront listings! 🦌 DM to learn more about this incredible property. PROPERTY LISTING & VIRTUAL TOUR: https://allenadamsrealty.com/properties/listing/canopy/4065278/Sherrills-Ford/8921-Linden-Grove-Court 8921 Linden Grove Ct. Sherrills Ford, NC 28673 Offered @ $2,000,000 Bill Adams - REALTOR® https://allenadamsrealty.com/ http://allenadams.com/

allenadamsrealty 🏡 Lake Norman Real Estate Update - December 2023 📈 Exciting news, Lake Norman residents! 🌊🏡 Let's dive into the latest real estate trends for December 2023. 🗓️ Here's a snapshot of the key year-over-year metrics: 📈 New Listings: Booming with a 31.6% increase! More opportunities to find your dream home. 🏠✨ 📊 Pending Sales: A solid 14.8% uptick, indicating a thriving market. 📈💼 🔑 Closed Sales: Up by 16.3%, showcasing the dynamic real estate scene. 🏡🔥 💰 Median Sales Price: A slight dip of 4.3%, but fret not, the market is still strong! 💪📉 💸 Average Sales Price: Surging by 24.4%! Great news for sellers looking to maximize returns. 💰🚀 📈 List to Close: Quicker transactions, down by 27.3%. Your dream home is just a step away! 🏡🔑 🕒 Days on Market: A decrease of 12.5%, making your home-selling journey faster and smoother. ⏰🏠 🌐 Cumulative Days on Market: Increased by 84.0%, reflecting a competitive landscape. Stay ahead of the game! 🚀🏡 💼 Average List Price: A whopping 39.8% increase! Sellers, now might be the perfect time. 💼💰 📊 Inventory of Homes: Up by 13.2%, providing a diverse range of choices for potential buyers. 🏡🌟 🗂️ Months Supply of Inventory: Increased by 15.0%, ensuring a balanced market. 📊⚖️ Remember, these figures are just a snapshot, and individual circumstances may vary. For more personalized insights and guidance, don't hesitate to reach out to me today! 🤝🏠 📆 Current as of January 5, 2024 | Data Source: Canopy MLS, Inc. See more market trends: https://allenadamsrealty.com/category/market-trends/ Let's make 2024 the year of new homes and exciting opportunities! 🎉🏡 #lakenorman #lkn #lakenormanrealestate #lakenormanliving #allenadamsrealty #davidsonnc #corneliusnc #mooresvillenc #denvernc

allenadamsrealty 📊 Lake Norman Market Update for November 2023 🏡 Hey neighbors! 🌟 Here's a quick snapshot of how our local real estate market performed in November 2023. 📈🏠 🔑 Key Metrics: New Listings: 181 (🔼 36.1%) Pending Sales: 120 (🔼 16.5%) Closed Sales: 125 (➡️ 0.0%) Median Sales Price: $521,160 (🔽 16.2%) Average Sales Price: $699,187 (🔽 14.0%) Percent of Original List Price Received: 96.5% (🔼 0.8%) Days on Market Until Sale: 35 (⚖️ 0.0%) 🏡 Housing Market Highlights: The number of new listings is up by a solid 36.1%, bringing fresh options to the market. Pending sales continue to show strength, up by 16.5%. Closed sales remained steady, with no change from the previous year. 💰 Price Trends: Median Sales Price saw a decrease of 16.2%, now at $521,160. Average Sales Price also dipped by 14.0%, reaching $699,187. 📉 Other Notable Changes: List to Close duration increased by 3.2%, now at 96 days. Days on Market Until Sale saw a notable increase of 73.9%, reaching 40 days. 📊 Market Indicators: Average List Price surged by 26.4%, now at $936,025. Inventory of Homes for Sale increased by 2.9%, standing at 386 homes. Months Supply of Inventory is up by 8.7%, now at 2.5 months. 🤔 What to Keep in Mind: Percent changes might seem extreme due to a small sample size, so take them with a pinch of salt. These figures don't account for sale concessions and downpayment assistance. Learn more at: https://allenadamsrealty.com

allenadamsrealty Happy Thanksgiving!

allenadamsrealty The median sales price, closed sales, and new listings show mixed trends, while average sales price, list to close, and days on market indicate some fluctuations. The inventory of homes for sale has decreased, and the months supply of inventory has slightly increased. Learn more at: https://www.allenadams.com https://allenadamsrealty.com #allenadamsrealty