Lake Norman Waterfront Condo Market Update June 2018
Lake Norman Waterfront Condo Market Update June 2018
Lake Norman Waterfront Condos & Townhomes
In June 2018 8 waterfront condos or townhomes sold in the Lake Norman area, a 33% decrease from the 12 Lake Norman waterfront condos sold in May 2018. June 2018 sales figures decreased 33% from June 2017 when 12 Lake Norman waterfront condos sold.
The average sales price decreased .09% from $270,742 in May to $270,500 in June. The June 2018 average sales price decreased 14.4% from the June 2017 average sales price which was $315,988.
Average days on the market decreased 22.2% from 36 in May to 44 days on the market in June. The June 2017 average days on the market were 65, a 32.3% decrease in market time from one year ago.
Currently there are 41 active Lake Norman waterfront condos listed in the MLS, a 14% increase in active inventory from June, with 15 also under contract, down 6.3% from June. The average list price is $381,271, down 1.2% from last months list price of $385,847. The lowest priced active Lake Norman waterfront condo is listed at $189,900 and the highest priced active Lake Norman waterfront condo is listed at $1,045,000.
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