Lake Norman Waterfront Condo Market Update October 2016

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

Lake Norman Waterfront Condos & Townhomes
In October 13 waterfront condos or townhomes sold in the Lake Norman area, a 13.3% decrease from the 15 Lake Norman waterfront condos sold in September. October 2016 sales figures increased 62.5% from October 2015 when 8 Lake Norman waterfront condos sold.

The average sales price increased 3.7% from $246,613 in September to $255,615 in October. The October 2016 average sales price increased 4% from the October 2015 average sales price which was $245,750.

Average days on the market increased 7.3% from 109 in September to 117 days on the market in October. The October 2015 average days on the market were 61, a 91.8% increase in market time.

Currently there are 27 active Lake Norman waterfront condos listed in the MLS with 13 also under contract, a 23.5% decrease from October. The average list price is $311,462, up .8% from last month. The lowest priced active Lake Norman waterfront condo is listed at $163,000 and the highest priced active Lake Norman waterfront condo is listed at $699,900.

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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