Lake Norman Waterfront Condo Market Update March 2018

Lake Norman waterfront condo market update
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Lake Norman Waterfront Condos & Townhomes

In March 2018 7 waterfront condos or townhomes sold in the Lake Norman area, a 75% increase from the 4 Lake Norman waterfront condos sold in February 2018. March 2018 sales figures decreased 68.2% from March 2017 when 22 Lake Norman waterfront condos sold.

The average sales price increased 43.5% from $233,500 in February to $335,014 in March. The March 2018 average sales price increased 12.2% from the March 2017 average sales price which was $298,545.

Average days on the market increased 29.4% from 17 in February to 22 days on the market in March. The March 2017 average days on the market were 94, a 76.6% decrease in market time from one year ago.

Currently there are 19 active Lake Norman waterfront condos listed in the MLS, a 9.5% decrease in active inventory from March, with 15 also under contract, up 50% from March. The average list price is $354,184, down 1.4% from last month. The lowest priced active Lake Norman waterfront condo is listed at $235,000 and the highest priced active Lake Norman waterfront condo is listed at $875,000.

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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