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Lake Norman Waterfront Condo Market Update September 2017

Lake Norman waterfront condo market update

Lake Norman Waterfront Condo Update September 2017

Lake Norman Waterfront Condos & Townhomes
In September 2017 10 waterfront condos or townhomes sold in the Lake Norman area, a 16.7% decrease from the 12 Lake Norman waterfront condos sold in August 2017. September 2017 sales figures decreased 33.3% from September 2016 when 15 Lake Norman waterfront condos sold.

The average sales price increased 8.4% from $257,958 in August to $279,590 in September. The September 2017 average sales price increased 13.4% from the September 2016 average sales price which was $246,613.

Average days on the market increased 26.7% from 30 in August to 38 days on the market in September. The September 2016 average days on the market were 109, a 65.1% decrease in market time from one year ago.

Currently there are 12 active Lake Norman waterfront condos listed in the MLS with 12 also under contract, a 14.3% decrease in active inventory from September. The average list price is $296,417, down 5% from last month. The lowest priced active Lake Norman waterfront condo is listed at $159,500 and the highest priced active Lake Norman waterfront condo is listed at $429,000.

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Lake Norman Condo Market Update September 2017

Lake Norman Condo Market Update

Lake Norman Condo Market Update September 2017

Lake Norman Condos & Townhomes
In September 2017 34 condos/townhomes sold in the Lake Norman area, a 9.7% increase from the 31 condos or townhomes sold in August 2017. September 2017 sales figures decreased 5.6% from September 2016 when 36 Lake Norman condos sold.

The average sales price increased 13% from $220,106 in August to $248,802 in September. The September 2017 average sales price increased 5.5% from the September 2016 average sales price which was $235,721.

Average days on the market increased 5.1% from 39 in August to 41 in September. The September 2016 average days on the market were 67, a 38.8% decrease in market time.

Currently there are 38 active condo/townhome listings for sale in the Lake Norman MLS area, a 0% increase from the 38 active condos for sale in September. The average list price is $252,080, down 5.8% from September’s average list price of $267,710. The average days on the market are 74. 49 Lake Norman condos/townhomes are currently under contract, a 26% increase from September. Based on this months data we are currently in a sellers market, only 1.1 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com