Lake Norman Waterfront Condo Market Update March 2016

Lake Norman condo market
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Lake Norman Waterfront Condo Market Update March 2016

Lake Norman Waterfront Condos & Townhomes
In March 10 waterfront condos or townhomes sold in the Lake Norman area, an 11% increase from the 9 Lake Norman waterfront condos sold in February. March 2016 sales figures increased 42.9% from March 2015 when 7 Lake Norman waterfront condos sold.

The average sales price increased 13.3% from $215,611 in February to $244,370 in March. The March 2016 average sales price increased 2.5% from the March 2015 average sales price which was $238,500.

Average days on the market decreased 52.9% from 121 in February to 57 days on the market in March. The March 2015 average days on the market were 126, a 54.8% decrease in market time.

Currently there are 48 active Lake Norman waterfront condos listed in the MLS with 5 also under contract, a 37.5% decrease from March. The average list price is $310,806, up 2.1% from last month. The lowest priced active Lake Norman waterfront condo is listed at $154,900 and the highest priced active Lake Norman waterfront condo is listed at $725,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Stay up to date on the Lake Norman real estate market with our free market updates.


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