Tag Archives: home values

Lake Norman Condo Market Update May 2018

Lake Norman Condo Market Update

Lake Norman Condo Market Update May 2018

Lake Norman Condos & Townhomes

In May 2018 31 condos/townhomes sold in the Lake Norman area, a 41% increase from the 22 condos or townhomes sold in April 2018. May 2018 sales figures decreased 14% from May 2017 when 36 Lake Norman condos sold.

The average sales price decreased 19% from $279,788 in April to $226,931 in May. The May 2018 average sales price decreased .5% from the May 2017 average sales price which was $228,130.

Average days on the market decreased 38% from 40 in April to 25 in May. The May 2017 average days on the market were 54, a 54% decrease in market time from one year ago.

Currently there are 76 active condo/townhome listings for sale in the Lake Norman MLS area, a 15% increase from the 66 active condos for sale in May. The average list price is $389,247, up 5.8% from May’s average list price of $367,778. The average days on the market are 65. 70 Lake Norman condos/townhomes are currently under contract, a 15% increase from May. Based on this months data we are currently in a sellers market, only 2.5 months of inventory, in the Lake Norman condo market.

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Lake Norman Condo Market Update April 2018

Lake Norman Condo Market Update

Lake Norman Condos & Townhomes

In April 2018 21 condos/townhomes sold in the Lake Norman area, a 44.7% decrease from the 38 condos or townhomes sold in March 2018. April 2018 sales figures decreased 34.4% from April 2017 when 32 Lake Norman condos sold.

The average sales price increased 16.4% from $242,690 in March to $282,545 in April. The April 2018 average sales price increased 14.3% from the April 2017 average sales price which was $247,286.

Average days on the market decreased 16.2% from 37 in March to 31 in April. The April 2017 average days on the market were 43, a 28% decrease in market time from one year ago.

Currently there are 66 active condo/townhome listings for sale in the Lake Norman MLS area, a 65% increase from the 40 active condos for sale in April. The average list price is $367,778, up 18.3% from April’s average list price of $310,806. The average days on the market are 56. 61 Lake Norman condos/townhomes are currently under contract, a 1.7% increase from April. Based on this months data we are currently in a sellers market, only 3.1 months of inventory, in the Lake Norman condo market.

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