Looking for views like this?

Lake Norman waterfront condos feature some amazing views and the carefree lifestyle that a condo community offers. More »

Take some time to relax and enjoy the lake!

Owning a condo allows you time to relax and enjoy all that Lake Norman has to offer. More »

Want to spend more time with your family?

Condo living affords you more time to spend with your family. Spend the weekend on the lake, not mowing the yard & maintaining a home! More »

Looking for a place to keep your boat?

Many of the condo communities on Lake Norman offer boat slips, contact us today to find a home for your boat! More »

 

Lake Norman Condo Listing Alert

Lake Norman Condo Listing Alert

Fill out the form below to get FREE automatic email updates from the Lake Norman MLS with new Lake Norman condo listings and price changes on Lake Norman condos that fit your search criteria.

Be the first to know when there are new waterfront condos on Lake Norman for sale, Lake Norman foreclosure condos, condos with a boat slip and price reductions on Lake Norman condos.

If you own a Lake Norman condo this is a great tool to keep updated on the condo market in your community. Just let us know below and we will set up your search to only include Lake Norman condo listings in your community.

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CatawbaCorneliusDavidsonDenverHuntersvilleMooresvilleSherrills FordStatesvilleTerrellTroutman

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Search Lake Norman Real Estate Listings

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Lake Norman Waterfront Condos

Lake Norman Waterfront Condos

Lake Norman waterfront condosLake Norman waterfront condos for sale. Condos for sale on Lake Norman. Cornelius waterfront condos for sale. Condos on Lake Norman in Davidson. Denver NC waterfront condos. Lake Norman waterfront condos for sale in Mooresville. Waterfront condos for sale on Lake Norman.

The Lake Norman waterfront condos listed below are updated daily with new Lake Norman condo listings and price changes on condos on Lake Norman. Bookmark this page or set up an automatic MLS listing alert.

Would you like to be automatically notified when there are new Lake Norman waterfront condos listed for sale in the MLS? Sign up for our free MLS auto alerts and the MLS will automatically email you new waterfront condo listings and price changes on waterfront condos that meet your search criteria.

denver,catawba,statesville,mooresville,davidson,sherrills ford,terrell,cornelius condos

Listings 1 - 20 of 43   next

20601 Cutter Court -- 3 BR, 2.1 BA
Price: $715,000 (2554 sqft)
Complex: Pointe Regatta
→ More info
Newport Properties | MLS # 3246898 | Active
20603 Cutter Court -- 3 BR, 2.1 BA
Price: $699,888 (2328 sqft)
Complex: Pointe Regatta
→ More info
Platinum Properties | MLS # 3202131 | Active
106 South Cove Key Way -- 3 BR, 2 BA
Price: $679,000 (1971 sqft)
Complex: Cove Key
→ More info
Harbor Realty, Inc | MLS # 3174143 | Contract
18553 Vineyard Point Lane -- 3 BR, 3 BA
Price: $575,000 (2161 sqft)
Complex: Vineyard Point
→ More info
Angela Anderson Real | MLS # 3246538 | Active
17931 Kings Point Drive -- 3 BR, 3 BA
Price: $535,000 (2414 sqft)
Complex: Biscayne
→ More info
Allen Tate Company | MLS # 3219258 | Active
18515 Vineyard Point Lane -- 3 BR, 2.1 BA
Price: $519,000 (1983 sqft)
Complex: Vineyard Point
→ More info
Wilson Realty | MLS # 3248530 | Active
525 Catspaw Road -- 3 BR, 3.1 BA
Price: $499,000 (2476 sqft)
Complex: none
→ More info
Ronald Scott | MLS # 3215660 | Active
17931 Kings Point Drive -- 3 BR, 2 BA
Price: $465,000 (1410 sqft)
Complex: Biscayne
→ More info
Allen Tate Company | MLS # 3243932 | Contract
7429 Mariner cove Drive -- 3 BR, 3 BA
Price: $419,500 (1892 sqft)
Complex: Mariner Villas
→ More info
Southern Homes of the | MLS # 3238151 | Active
1202 Torrence Circle -- 3 BR, 2 BA
Price: $349,900 (1433 sqft)
Complex: Newport
→ More info
Lake Realty | MLS # 3238392 | Active
18525 Harborside Drive -- 3 BR, 2 BA
Price: $349,000 (1434 sqft)
Complex: Harborside
→ More info
Southern Homes of the | MLS # 3228551 | Contract
18569 Vineyard Point Lane -- 3 BR, 2 BA
Price: $340,000 (1252 sqft)
Complex: The Moorings
→ More info
Realty Executives | MLS # 3248317 | Contract
18700 Nautical Drive -- 3 BR, 2 BA
Price: $337,500 (1336 sqft)
Complex: Commodores Landing
→ More info
Keller Williams Lake | MLS # 3172221 | Active
930 Jetton Street -- 3 BR, 2 BA
Price: $332,500 (1394 sqft)
Complex: Spinnaker Point
→ More info
Realty Executives | MLS # 3227087 | Active
18726 Nautical Drive -- 3 BR, 2 BA
Price: $323,900 (1309 sqft)
Complex: Commodores Landing
→ More info
Harbor Realty, Inc | MLS # 3222723 | Contract
1005 Southwest Drive -- 3 BR, 2 BA
Price: $315,000 (1301 sqft)
Complex: Pier Pointe
→ More info
Wilkinson ERA Real | MLS # 3242597 | Active
1239 Torrence Circle -- 3 BR, 2 BA
Price: $315,000 (1445 sqft)
Complex: Newport
→ More info
Wilkinson ERA Real | MLS # 3166287 | Contract
18641 Vineyard Point Lane -- 3 BR, 2 BA
Price: $310,000 (1236 sqft)
Complex: The Moorings
→ More info
RE/MAX Executive | MLS # 3246665 | Contract
1302 Torrence Circle -- 3 BR, 2 BA
Price: $300,000 (1481 sqft)
Complex: Emerald Bay
→ More info
Lake Norman Realty, | MLS # 3182804 | Active
1308 Torrence Circle -- 3 BR, 2 BA
Price: $300,000 (1244 sqft)
Complex: Emerald Bay
→ More info
Wilkinson ERA Real | MLS # 3245329 | Active

Listings 1 - 20 of 43   next

Lake Norman Condo Foreclosure Listings

Lake Norman Foreclosure Condo Listings

Lake Norman foreclosure condo listings for sale in the Lake Norman North Carolina area. Foreclosure condos for sale in Lake Norman NC. Lake Norman foreclosure condos and townhomes for sale. Lake Norman condo foreclosure listings below are updated daily with new foreclosure condo listings and price changes. Bookmark this page or sign up for free MLS listing updates to be automatically emailed new Lake Norman foreclosure condos for sale.

Cornelius,Davidson,Mooresville,Terrell,Troutman,Catawba,Denver,Sherrills Ford condos

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Sherrills Ford Condos For Sale

Sherrills Ford Condos For Sale

Sherrills Ford condos for sale in the Lake Norman North Carolina area. Condos for sale in Sherrills Ford NC. Lake Norman condos and townhomes for sale in Sherrills Ford NC. Sherrills Ford townhomes and condos listed below are updated daily with new condo listings and price changes. Bookmark this page or sign up for free MLS listing updates to be automatically emailed new Sherrills Ford condos for sale.

Sherrills Ford condos

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Mooresville Condos For Sale

Mooresville Condos For Sale

Mooresville condos for sale in the Lake Norman North Carolina area. Condos for sale in Mooresville NC. Lake Norman condos and townhomes for sale in Mooresville NC. Mooresville townhomes and condos listed below are updated daily with new condo listings and price changes. Bookmark this page or sign up for free MLS listing updates to be automatically emailed new Mooresville condos for sale.

Mooresville condos

Listings 1 - 20 of 36   next

106 South Cove Key Way -- 3 BR, 2 BA
Price: $679,000 (1971 sqft)
Complex: Cove Key
→ More info
Harbor Realty, Inc | MLS # 3174143 | Contract
115 Dellbrook Street -- 3 BR, 2.1 BA
Price: $266,000 (1884 sqft)
Complex: The Cove
→ More info
Schields and | MLS # 3242623 | Active
209 Aztec Circle -- 3 BR, 2.1 BA
Price: $250,000 (1775 sqft)
Complex: Emerald Green Village
→ More info
Nagy Properties | MLS # 3247020 | Active
124 Aztec Circle -- 3 BR, 2.1 BA
Price: $242,000 (1716 sqft)
Complex: Emerald Green Village
→ More info
Helen Adams Realty | MLS # 3239717 | Active
107 Boxtail Way -- 3 BR, 2.1 BA
Price: $218,774 (1693 sqft)
Complex: Johnson Manor
→ More info
Benchmark Communities | MLS # 3249555 | Active
112 Canter Lane -- 3 BR, 2.1 BA
Price: $214,106 (1693 sqft)
Complex: Johnson Manor
→ More info
Benchmark Communities | MLS # 3217752 | Active
102 Boxtail Way -- 3 BR, 2.1 BA
Price: $213,360 (1693 sqft)
Complex: Johnson Manor
→ More info
Benchmark Communities | MLS # 3217751 | Active
104 Boxtail Way -- 3 BR, 2.1 BA
Price: $212,630 (1693 sqft)
Complex: Johnson Manor
→ More info
Benchmark Communities | MLS # 3217750 | Active
108 Canter Lane -- 3 BR, 2.1 BA
Price: $209,477 (1693 sqft)
Complex: Johnson Manor
→ More info
Benchmark Communities | MLS # 3218905 | Contract
117 Arcadian Way -- 3 BR, 2.1 BA
Price: $200,000 (1790 sqft)
Complex: cypress landing
→ More info
Keller Williams | MLS # 3240203 | Active
210 Knops Nob Road -- 3 BR, 2 BA
Price: $195,000 (1438 sqft)
Complex: North Gate Off Main
→ More info
Nagy Properties | MLS # 3234370 | Contract
127 Morning Mist Lane -- 3 BR, 2.1 BA
Price: $189,900 (1814 sqft)
Complex: Waterlynn
→ More info
Don Anthony Realty, | MLS # 3227761 | Contract
109 W McNeely Avenue -- 4 BR, 2.1 BA
Price: $185,900 (1660 sqft)
Complex: Bradford Place
→ More info
Southern Homes of the | MLS # 3043549 | Active
712 N Main Street -- 4 BR, 3 BA
Price: $185,900 (1660 sqft)
Complex: Bradford Place
→ More info
Southern Homes of the | MLS # 3237580 | Active
150 N Arcadian Way -- 3 BR, 2.1 BA
Price: $185,000 (1963 sqft)
Complex: Cypress Landing
→ More info
Roost Real Estate | MLS # 3245676 | Active
116 Morning Mist Lane -- 3 BR, 2.1 BA
Price: $184,900 (1586 sqft)
Complex: Waterlynn
→ More info
Southern Homes of the | MLS # 3233508 | Active
168 Limerick Drive -- 3 BR, 3 BA
Price: $181,990 (1726 sqft)
Complex: Woodburn
→ More info
Palladia Realty LLC | MLS # 3216277 | Contract
125 Sunridge Drive -- 3 BR, 2.1 BA
Price: $179,900 (2094 sqft)
Complex: Sunridge Place
→ More info
Allen Tate Company | MLS # 3246105 | Contract
188 Limerick Drive -- 3 BR, 3 BA
Price: $174,000 (1726 sqft)
Complex: Woodburn
→ More info
Palladia Realty LLC | MLS # 3217464 | Contract
171 Limerick Drive -- 3 BR, 3 BA
Price: $173,840 (1726 sqft)
Complex: Woodburn
→ More info
Palladia Realty LLC | MLS # 3217699 | Contract

Listings 1 - 20 of 36   next

Denver NC Condos For Sale

Denver NC Condos For Sale

Denver NC condos for sale in the Lake Norman North Carolina area. Condos for sale in Denver NC. Lake Norman condos and townhomes for sale in Denver NC. Denver townhomes and condos listed below are updated daily with new condo listings and price changes. Bookmark this page or sign up for free MLS listing updates to be automatically emailed new Denver NC condos for sale.

Denver condos

Listings 1 - 9 of 9

2455 Royal Anne Drive -- 3 BR, 3 BA
Price: $288,800 (2238 sqft)
Complex: 3 Cherry Way
→ More info
Keller Williams | MLS # 3241829 | Contract
8060 Westcape Drive -- 2 BR, 2.1 BA
Price: $230,000 (1424 sqft)
Complex: Westcape
→ More info
Lake Norman Realty, | MLS # 3202785 | Contract
2512 Gallery Drive -- 3 BR, 2.1 BA
Price: $218,900 (1660 sqft)
Complex: Westport Lakeside
→ More info
ElleBee Realty and | MLS # 3234643 | Active
2504 Gallery Drive -- 3 BR, 2.1 BA
Price: $218,900 (1660 sqft)
Complex: Westport Lakeside
→ More info
ElleBee Realty and | MLS # 3234569 | Contract
2510 Gallery Drive -- 3 BR, 2.1 BA
Price: $199,900 (1617 sqft)
Complex: Westport Lakeside
→ More info
ElleBee Realty and | MLS # 3234644 | Active
2506 Gallery Drive -- 3 BR, 2.1 BA
Price: $199,900 (1617 sqft)
Complex: Westport Lakeside
→ More info
ElleBee Realty and | MLS # 3234587 | Active
2508 Gallery Drive -- 2 BR, 2.1 BA
Price: $182,900 (1304 sqft)
Complex: Westport Lakeside
→ More info
ElleBee Realty and | MLS # 3234647 | Active
6256 Alyssum Place -- 2 BR, 2 BA
Price: $159,000 (1355 sqft)
Complex: The Terraces
→ More info
West Norman Real | MLS # 3247427 | Active
3899 Sage Court -- 2 BR, 2 BA
Price: $142,000 (1123 sqft)
Complex: The Terraces
→ More info
Keller Williams | MLS # 3249696 | Active

Listings 1 - 9 of 9

Davidson Condos For Sale

Davidson Condos For Sale

Davidson condos for sale in the Lake Norman North Carolina area. Condos for sale in Davidson NC. Lake Norman condos and townhomes for sale in Davidson NC. Davidson townhomes and condos listed below are updated daily with new condo listings and price changes. Bookmark this page or sign up for free MLS listing updates to be automatically emailed new Davidson condos for sale.

Davidson condos

Listings 1 - 20 of 42   next

1031 San Michele Place -- 4 BR, 4.1 BA
Price: $625,000 (3607 sqft)
Complex: Davidson Bay
→ More info
Keller Williams Lake | MLS # 3218546 | Contract
1133 San Michele Place -- 4 BR, 4.1 BA
Price: $581,000 (3608 sqft)
Complex: Davidson Bay
→ More info
Keller Williams Lake | MLS # 3219985 | Contract
415 Northwest Drive -- 3 BR, 2.1 BA
Price: $579,900 (1550 sqft)
Complex: North Point
→ More info
Lake Norman Realty, | MLS # 3243164 | Active
732 Amalfi Drive -- 4 BR, 4.1 BA
Price: $579,900 (3121 sqft)
Complex: Davidson Bay
→ More info
Keller Williams Lake | MLS # 3233760 | Contract
1145 San Michele Place -- 4 BR, 4.1 BA
Price: $569,900 (3116 sqft)
Complex: Davidson Bay
→ More info
Keller Williams Lake | MLS # 3248348 | Contract
1141 San Michele Place -- 4 BR, 4.1 BA
Price: $560,000 (3121 sqft)
Complex: Davidson Bay
→ More info
Keller Williams Lake | MLS # 3219983 | Contract
757 Jetton Street -- 4 BR, 2.1 BA
Price: $449,900 (2609 sqft)
Complex: Harbour Place
→ More info
Lake Norman Realty, | MLS # 3184327 | Active
453 OHenry Avenue -- 3 BR, 2.1 BA
Price: $359,850 (1986 sqft)
Complex: Old Davidson
→ More info
Allen Tate Company | MLS # 3227646 | Contract
1202 Torrence Circle -- 3 BR, 2 BA
Price: $349,900 (1433 sqft)
Complex: Newport
→ More info
Lake Realty | MLS # 3238392 | Active
207 Harbour Place Drive -- 3 BR, 3.1 BA
Price: $335,000 (2050 sqft)
Complex: Harbour Place
→ More info
Tremblay Realty | MLS # 3231283 | Active
930 Jetton Street -- 3 BR, 2 BA
Price: $332,500 (1394 sqft)
Complex: Spinnaker Point
→ More info
Realty Executives | MLS # 3227087 | Active
1005 Southwest Drive -- 3 BR, 2 BA
Price: $315,000 (1301 sqft)
Complex: Pier Pointe
→ More info
Wilkinson ERA Real | MLS # 3242597 | Active
1239 Torrence Circle -- 3 BR, 2 BA
Price: $315,000 (1445 sqft)
Complex: Newport
→ More info
Wilkinson ERA Real | MLS # 3166287 | Contract
850 Southwest Drive -- 3 BR, 2 BA
Price: $309,900 (1249 sqft)
Complex: Stone Bluff
→ More info
HoneyBee Real Estate | MLS # 3216262 | Active
1308 Torrence Circle -- 3 BR, 2 BA
Price: $300,000 (1244 sqft)
Complex: Emerald Bay
→ More info
Wilkinson ERA Real | MLS # 3245329 | Active
1302 Torrence Circle -- 3 BR, 2 BA
Price: $300,000 (1481 sqft)
Complex: Emerald Bay
→ More info
Lake Norman Realty, | MLS # 3182804 | Active
253 Harbour Place Drive -- 3 BR, 3.1 BA
Price: $295,000 (2010 sqft)
Complex: Harbour Place
→ More info
Tremblay Realty | MLS # 3176452 | Active
1142 Torrence Circle -- 3 BR, 2 BA
Price: $294,900 (1500 sqft)
Complex: South Harbortowne
→ More info
Keller Williams Lake | MLS # 3244186 | Active
1201 Torrence Circle -- 3 BR, 2 BA
Price: $279,990 (1396 sqft)
Complex: Newport
→ More info
RE/MAX Executive | MLS # 3123486 | Active
1307 Torrence Circle -- 3 BR, 2 BA
Price: $260,000 (1330 sqft)
Complex: Emerald Bay
→ More info
Lake Norman Realty, | MLS # 3204348 | Active

Listings 1 - 20 of 42   next

Cornelius Condos For Sale

Cornelius Condos For Sale

Cornelius condos for sale in the Lake Norman North Carolina area. Condos for sale in Cornelius NC. Lake Norman condos and townhomes for sale in Cornelius NC. Cornelius townhomes and condos listed below are updated daily with new condo listings and price changes. Bookmark this page or sign up for free MLS listing updates to be automatically emailed new Cornelius condos for sale.

Cornelius condos

Listings 1 - 20 of 81   next

20601 Cutter Court -- 3 BR, 2.1 BA
Price: $715,000 (2554 sqft)
Complex: Pointe Regatta
→ More info
Newport Properties | MLS # 3246898 | Active
20603 Cutter Court -- 3 BR, 2.1 BA
Price: $699,888 (2328 sqft)
Complex: Pointe Regatta
→ More info
Platinum Properties | MLS # 3202131 | Active
18553 Vineyard Point Lane -- 3 BR, 3 BA
Price: $575,000 (2161 sqft)
Complex: Vineyard Point
→ More info
Angela Anderson Real | MLS # 3246538 | Active
17931 Kings Point Drive -- 3 BR, 3 BA
Price: $535,000 (2414 sqft)
Complex: Biscayne
→ More info
Allen Tate Company | MLS # 3219258 | Active
18515 Vineyard Point Lane -- 3 BR, 2.1 BA
Price: $519,000 (1983 sqft)
Complex: Vineyard Point
→ More info
Wilson Realty | MLS # 3248530 | Active
17931 Kings Point Drive -- 3 BR, 2 BA
Price: $465,000 (1410 sqft)
Complex: Biscayne
→ More info
Allen Tate Company | MLS # 3243932 | Contract
7429 Mariner cove Drive -- 3 BR, 3 BA
Price: $419,500 (1892 sqft)
Complex: Mariner Villas
→ More info
Southern Homes of the | MLS # 3238151 | Active
20017 North Cove Road -- 4 BR, 3.1 BA
Price: $349,000 (2572 sqft)
Complex: St Philip Square
→ More info
Keller Williams Lake | MLS # 3243716 | Contract
18525 Harborside Drive -- 3 BR, 2 BA
Price: $349,000 (1434 sqft)
Complex: Harborside
→ More info
Southern Homes of the | MLS # 3228551 | Contract
18569 Vineyard Point Lane -- 3 BR, 2 BA
Price: $340,000 (1252 sqft)
Complex: The Moorings
→ More info
Realty Executives | MLS # 3248317 | Contract
18700 Nautical Drive -- 3 BR, 2 BA
Price: $337,500 (1336 sqft)
Complex: Commodores Landing
→ More info
Keller Williams Lake | MLS # 3172221 | Active
18726 Nautical Drive -- 3 BR, 2 BA
Price: $323,900 (1309 sqft)
Complex: Commodores Landing
→ More info
Harbor Realty, Inc | MLS # 3222723 | Contract
18641 Vineyard Point Lane -- 3 BR, 2 BA
Price: $310,000 (1236 sqft)
Complex: The Moorings
→ More info
RE/MAX Executive | MLS # 3246665 | Contract
19148 Juanita Lane -- 3 BR, 2.1 BA
Price: $309,000 (2550 sqft)
Complex: Lake Norman Cove at Jetton
→ More info
Allison & Associates | MLS # 3228114 | Contract
20140 Lamp Lighters Way -- 3 BR, 2.1 BA
Price: $306,625 (2088 sqft)
Complex: Antiquity
→ More info
Keller Williams | MLS # 3249517 | Active
19214 Lake Norman Cove Drive -- 3 BR, 3.1 BA
Price: $299,900 (1828 sqft)
Complex: Lake Norman Cove at Jetton
→ More info
HL Real Estate Group, | MLS # 3249480 | Active
18840 Nautical Drive -- 3 BR, 2 BA
Price: $299,000 (1298 sqft)
Complex: Schooner bay
→ More info
Sellstate Select | MLS # 3206258 | Contract
17811 Half Moon Lane -- 2 BR, 2 BA
Price: $289,900 (1101 sqft)
Complex: Half Moon Bay
→ More info
Puma & Associates | MLS # 3245583 | Contract
20563 Harbor View Drive -- 4 BR, 3.1 BA
Price: $287,500 (2469 sqft)
Complex: Lake Norman Cove at Jetton
→ More info
The Knox Group | MLS # 3221118 | Active
21514 Old Canal Street -- 3 BR, 2.1 BA
Price: $284,900 (1978 sqft)
Complex: Antiquity
→ More info
Southern Homes of the | MLS # 3186855 | Active

Listings 1 - 20 of 81   next

Lake Norman Waterfront Condo Market Year In Review 2016

Lake Norman waterfront condo update

2016 Lake Norman Waterfront Condo Market Review

Lake Norman Waterfront Condos

Total Lake Norman waterfront condo sales decreased  17.6% in 2016 with a total of 98 units sold. This decrease can be attributed to low inventory and sellers holding onto their condos for longer then previously.

The average sales price had a moderate decrease (5.6%) from the 2015 average sales price. This price decrease is because of less luxury/high-end condos being listed then in previous years.

The median sales price stayed the same as 2015, $230,000. I don’t put much stock in median sales prices as it is just the middle condo sold (#49) and does not account for location, size, etc..

The average price per square foot had a slight increase (2%) from the 2015 average price per square foot. The 2016 average price per square foot, $207, was the highest since 2010.

The average days on the market in 2016 increased significantly (20%) from the 2015 average days on the market.

The percentage of original list price increased from 94.6% to 97%. Lower inventory made competition for Lake Norman condos very strong with many receiving multiple offers.

Overall, the Lake Norman waterfront condo market had a mixed year with price increases and a longer market time. We expect this trend to continue through 2017 with modest gains in number of sales and average sales price. We will likely see increased buyer traffic with more Baby Boomers looking to downsize or to eliminate the maintenance that owning a home requires. We also expect to see Millennials entering the market and those that had a foreclosure during the crash of 2008 to reenter the market as well.

If you would like to stay updated on the Lake Norman real estate market sign up for free market reports on our website LakeNormanHomePrices.com and you will receive automatic email updates on new listings and sold listings in the Lake Norman area.

Lake Norman Condo Market Year in Review 2016

Lake Norman condo market

2016 Lake Norman Condo Market Review

Lake Norman Condos

Total Lake Norman condo sales fell 14.6% in 2016 to 292 units sold. Limited inventory is the main reason for the decrease in sales. Lake Norman condo owners are holding onto their condos longer then in recent history in hopes of recovering their purchase price and a return to precrash sales prices.

The average sales price saw a strong another increase (5.6%) and the highest average sales price since 2007. Low inventory again helped the market reach this height.

The median sales prices had a large increase (7.8%) and the highest median sales price on record. I do not put much stock in median sales price as it is just the middle condo sold (#146) and does not take into account the condo location, size, # beds/baths, etc.

Average days on the market stayed the same at 69 days on the market. Limited inventory made it a competitive marketplace in 2016.

The average price per square foot had a healthy increase (4.8%) and reached the highest average price/sqft since 2008. The low amount of Lake Norman condo inventory helped drive the average price/sqft.

The percentage of original list price received by condo sellers increased slightly (2.3%) but was the highest percentage since 2007.

Overall the Lake Norman condo market showed strong signs of a recovery. This has a lot to do with inventory being limited and foreclosure inventory at its lowest level in 9 years. I expect the prices to gradually rise this year and the sales totals to increase slightly with more Baby Boomers looking for less maintenance and more freedom to travel. We also expect to see more Millennials making the leap to home/condo ownership.

To keep updated on the Lake Norman real estate market please visit our website, LakeNormanHomePrices.com for free market updates.