A lakefront house at 20321 Enclave Oaks Ct. has sold for $2.65 million after being listed at $2.85 million by Dixie Dean of Allen Tate
The S&P/Case-Shiller index shows prices increased 5.4 percent year over year in December 2015 vs. a 5.2 percent increase the month before. A 20-city composite showed a year-over-year gain of 5.7 percent in November and December.
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Portland led the way with an 11.4 percent year-over-year price increase, followed by San Francisco with 10.3 percent and Denver with a 10.2 percent increase. Charlotte prices rose 5.5 percent, according to Case-Shiller.
The outlook is good for higher-end homes in Cornelius—and not-so-high-priced homes as well. Pat Riley, CEO of Allen Tate, said Lake Norman “is the very best of all worlds – pristine and controlled by Duke Energy to keep it that way.”
“Lake Norman is just 25 minutes north of one of America’s most sought-after, clean, safe cities for big entertainment, sports and foodies. The region is under the umbrella of an airport with easy access to the world and book-ended between the beautiful mountains and beaches. It’s all about location, location, location. Here, you can work at home, commute to Winston-Salem or Charlotte, or fly in and out to visit your clients while you live every day in a resort,” he said.
While the upper-end market is attracting buyers from out of state, Abigail Jennings, president of Cornelius-based Lake Norman Realty, said the majority of buyers at the high end are actually local. “Some are looking for a new high-end neighborhood for specific amenities and others are looking to make a change of house, to upsize or downsize, and stay within their same neighborhood,” she said.
Although there is plenty to choose from, there’s buyer enthusiasm even at prices north of $2 million, said Lance Carlyle of Cornelius -based Carlyle Properties. “Overall there is enthusiasm in every category including the super-luxury, but people are still looking for value and they are willing to step up and pay for it,” Carlyle said.
In Cornelius
A lakefront house at 20321 Enclave Oaks Ct. has sold for $2.65 million after being listed at $2.85 million by Dixie Dean of Allen Tate. The house, which sits on a 1.5 acre lot, has 9,000 square feet of space on three levels. The house has eight bedroom suites, a wine cellar, a music room, gym and theater as well as a screened gazebo and private dock, pool and spa. The tax value of the home is $1.886 million. Nancy Hucks of Lake Norman Realty represented the buyers.
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A lakefront house at 17806 John Connor Road in The Peninsula has sold for $1.199 million after being on the market for 38 days. Listed by Terry Donahue of Carlyle Properties for $1.248 million, the house has four bedrooms and four baths, as well as a pool and a hot tub. and it was on the market for only 38 days. The selling agent was Sue Nichols from Lake Realty. The tax value of the property is $920,000, according to Mecklenburg County property records. The all-brick house, which has a three-car garage, was built in 1998.
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A 6,740 square foot house at 19216 Peninsula Shores Drive has sold for $1.3 million after being listed at $1.4 million by Anita Sabates of Allen Tate. Built in 1995, the seven-bedroom house has a basement with a second living quarters as well as a billiard room, exercise room and a wine cellar. The tax value of the house, which has a swimming pool overlooking the golf course, is $868,200. Jeannie Lytton of Allen Tate represented the buyers. The house was on the market a total of 206 days.
