Lake Norman Waterfront Condo Market Update May 2018
Lake Norman Waterfront Condo Market Update May 2018
Lake Norman Waterfront Condos & Townhomes
In May 2018 12 waterfront condos or townhomes sold in the Lake Norman area, a 20% increase from the 10 Lake Norman waterfront condos sold in April 2018. May 2018 sales figures decreased 20% from May 2017 when 15 Lake Norman waterfront condos sold.
The average sales price decreased 26.3% from $367,250 in April to $270,742 in May. The May 2018 average sales price increased 4.7% from the May 2017 average sales price which was $258,510.
Average days on the market decreased 18.2% from 44 in April to 36 days on the market in May. The May 2017 average days on the market were 54, a 33% decrease in market time from one year ago.
Currently there are 36 active Lake Norman waterfront condos listed in the MLS, a 50% increase in active inventory from May, with 16 also under contract, up 14.3% from May. The average list price is $385,847, up 11.4% from last months list price of $346,483. 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 $1,195,000.
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