Charlotte’s luxury real estate market, which has been on a tear for the past 20 quarters, continued to show signs of strength moving into the second quarter. This is despite some symptoms that could point to a slowing in some segments should volatility persist in the financial markets. The city’s real estate market matched Lake Norman by piercing the $10 million mark recently with several high end listings now active in the $10 to $15 million range...

After 10 years of quarter-over-quarter expansion, some segments of the Lake Norman area’s luxury real estate market began to show the first signs of a cooling environment. The regional luxury markets, which have been tied more closely to the performance of the financial markets than to that of mortgage rates, continued to see mostly solid sales activity in the first quarter. In contrast, April’s early financial market instability has seemingly trimmed some of the previously existing frothiness from the market, at least temporarily...