The luxury real estate market at Lake Norman continued its multi-year surge for the most part, as homes in the price segment between $500,000 and $2 million in list price saw a surge in activity over the past 60 days compared with the same period last year. Davidson, Cornelius, the west shore area, as well as the north shore area above the highway 150 bridge, all saw double-digit increases in sell thru as the second quarter came to a close. Low-interest rates, solid economic indicators, and corporate relocation drove higher showing and contract activity in comparison with 2018’s spring. The ultra-luxury segment above $2 million, after a strong start to the year, saw some flattening, although new construction custom activity continued to snare a significant portion of the high-end market. As the quarter ends, showing activity, which had run ahead of 2018 for much of the last 6 months, has flattened to be more in line with 2018.
