Tag Archives: market value

Lake Norman Waterfront Condo Market Update February 2018

Lake Norman waterfront condo market update

Lake Norman Waterfront Condos & Townhomes

In February 2018 4 waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 4 Lake Norman waterfront condos sold in January 2018. February 2018 sales figures decreased 43% from February 2017 when 7 Lake Norman waterfront condos sold.

The average sales price increased 23.2% from $189,475 in January to $233,500 in February. The February 2018 average sales price decreased 35% from the February 2017 average sales price which was $360,500.

Average days on the market decreased 45% from 31 in January to 17 days on the market in February. The February 2017 average days on the market were 37, a 54% decrease in market time from one year ago.

Currently there are 21 active Lake Norman waterfront condos listed in the MLS, a 16.7% increase in active inventory from February, with 10 also under contract, up 43% from February. The average list price is $359,150, down 7.8% from last month. The lowest priced active Lake Norman waterfront condo is listed at $209,000 and the highest priced active Lake Norman waterfront condo is listed at $925,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

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Lake Norman Waterfront Condo Market Update January 2018

Lake Norman waterfront condo market update

Lake Norman Waterfront Condo Market Update January 2018

In January 2018 4 waterfront condos or townhomes sold in the Lake Norman area, a 50% decrease from the 8 Lake Norman waterfront condos sold in December 2017. January 2018 sales figures decreased 50% from January 2017 when 8 Lake Norman waterfront condos sold.

The average sales price decreased 25% from $253,125 in December 2017 to $189,475 in January 2018. The January 2018 average sales price decreased 23% from the January 2017 average sales price which was $246,219.

Average days on the market decreased 34% from 47 in December 2017 to 31 days on the market in January 2018. The January 2017 average days on the market were 85, a 63.5% decrease in market time from one year ago.

Currently there are 18 active Lake Norman waterfront condos listed in the MLS with 7 also under contract, a 20% increase in active inventory from January. The average list price is $327,219, down 8.7% from last month. The lowest priced active Lake Norman waterfront condo is listed at $169,900 and the highest priced active Lake Norman waterfront condo is listed at $925,000.

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.