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Lake Norman Waterfront Condo Market Update May 2018

Lake Norman waterfront condo market update

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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Lake Norman Waterfront Condo Market Update April 2018

Lake Norman waterfront condo market update

Lake Norman Waterfront Condos & Townhomes

In April 2018 10 waterfront condos or townhomes sold in the Lake Norman area, a 43% increase from the 7 Lake Norman waterfront condos sold in March 2018. April 2018 sales figures increased 25% from April 2017 when 8 Lake Norman waterfront condos sold.

The average sales price increased 9.6% from $335,014 in March to $367,250 in April. The April 2018 average sales price increased 3.3% from the April 2017 average sales price which was $355,363.

Average days on the market increased 100% from 22 in March to 44 days on the market in April. The April 2017 average days on the market were 69, a 36% decrease in market time from one year ago.

Currently there are 24 active Lake Norman waterfront condos listed in the MLS, a 26% increase in active inventory from April, with 14 also under contract, down 6.7% from April. The average list price is $346,483, down 2.2% 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.

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