Lake Norman Waterfront Condo Market Update May 2016

Lake Norman condo market
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Lake Norman Waterfront Condos & Townhomes
In May 4 waterfront condos or townhomes sold in the Lake Norman area, an 20% decrease from the 5 Lake Norman waterfront condos sold in April. May 2016 sales figures decreased 78.9% from May 2015 when 19 Lake Norman waterfront condos sold.

The average sales price increased .4% from $244,950 in April to $245,875 in May. The May 2016 average sales price increased 1.8% from the May 2015 average sales price which was $241,608.

Average days on the market increased 6.8% from 133 in April to 142 days on the market in May. The May 2015 average days on the market were 99, a 43.4% increase in market time.

Currently there are 50 active Lake Norman waterfront condos listed in the MLS with 6 also under contract, a 20% increase from May. The average list price is $316,598, up 1.9% from last month. The lowest priced active Lake Norman waterfront condo is listed at $149,900 and the highest priced active Lake Norman waterfront condo is listed at $699,000.

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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