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Looking for views like this?

Looking for views like this?

Lake Norman waterfront condos feature some amazing views and the carefree lifestyle that a condo community offers. More »

Take some time to relax and enjoy the lake!

Take some time to relax and enjoy the lake!

Owning a condo allows you time to relax and enjoy all that Lake Norman has to offer. More »

Want to spend more time with your family?

Want to spend more time with your family?

Condo living affords you more time to spend with your family. Spend the weekend on the lake, not mowing the yard & maintaining a home! More »

Looking for a place to keep your boat?

Looking for a place to keep your boat?

Many of the condo communities on Lake Norman offer boat slips, contact us today to find a home for your boat! More »

 

Lake Norman Condo Listing Alert

Lake Norman Condo Listing Alert

Fill out the form below to get FREE automatic email updates from the Lake Norman MLS with new Lake Norman condo listings and price changes on Lake Norman condos that fit your search criteria.

Be the first to know when there are new waterfront condos on Lake Norman for sale, Lake Norman foreclosure condos, condos with a boat slip and price reductions on Lake Norman condos.

If you own a Lake Norman condo this is a great tool to keep updated on the condo market in your community. Just let us know below and we will set up your search to only include Lake Norman condo listings in your community.

Your Name (required)

Your Email (required)

Phone Number

Property Type
CondoLotSingle FamilyTownhome

Location
CatawbaCorneliusDavidsonDenverHuntersvilleMooresvilleSherrills FordStatesvilleTerrellTroutman

Price Range
Up to $100k$100k to $200k$200k to $300k$300k to $400k$400k to $500k$500k to $600k$600k to $700k$700k to $800k$800k to $900k$900k to $1,000,000Over $1,000,000

Number of Bedrooms
Studio/Loft1 Bedroom2 Bedroom3 Bedroom4 Bedroom5 Bedroom +

Number of Bathrooms
1 Bathroom2 Bathroom3 Bathroom4 Bathroom +

Square Feet
Up to 1000sqft1000 to 1500 sqft1500 sqft to 2000 sqft2000 sqft to 2500 sqft2500 sqft to 3000 sqftOver 3000 sqft

Amenities
Boat SlipClub HouseFitness CenterGolf CourseLakePlaygroundPoolRecreation AreaTennis CourtsWalking TrailsWaterfrontOther (enter below)

Your Message

Are you currently working with an agent?
YesNo

How soon are you looking to move?
ASAP1-3 Months3-6 Months6-9 Month9-12 MonthsOver 1 year

Search Lake Norman Real Estate Listings

Search Lake Norman Real Estate For Sale

Are you looking for Lake Norman condos? Lake Norman waterfront condos for sale?

Use our free Lake Norman real estate search tool to find the most current and accurate real estate listings in the Lake Norman area. Our Lake Norman real estate listings are updated daily with new listings and price changes on Lake Norman condos and homes for sale.

You can also sign up for our free Lake Norman real estate auto-notification email alert directly from the Lake Norman MLS! You will be automatically emailed new Lake Norman condo listings when they hit the market. And you will be automatically emailed price reductions on Lake Norman condo listings!

Or, you can search Lake Norman real estate listings on a map using our Lake Norman real estate map.

Lake Norman Waterfront Condos

Lake Norman Waterfront Condos

Lake Norman Waterfront Condos

Lake Norman waterfront condosLake Norman waterfront condos for sale. Condos for sale on Lake Norman. Cornelius waterfront condos for sale. Condos on Lake Norman in Davidson. Denver NC waterfront condos. Lake Norman waterfront condos for sale in Mooresville. Waterfront condos for sale on Lake Norman.

The Lake Norman waterfront condos listed below are updated daily with new Lake Norman condo listings and price changes on condos on Lake Norman. Bookmark this page or set up an automatic MLS listing alert.

Would you like to be automatically notified when there are new Lake Norman waterfront condos listed for sale in the MLS? Sign up for our free MLS auto alerts and the MLS will automatically email you new waterfront condo listings and price changes on waterfront condos that meet your search criteria.

New Rules and Policies Open up Condo Market to More FHA Financing

Davidson Landing Waterfront Condos

Have you considered purchasing a condominium unit but were scared off when someone warned you that obtaining a mortgage loan could be difficult?  It seems like most real estate professionals have war stories about seemingly qualified buyers being unable to obtain financing to buy a residential condo unit.  There is good news for you, in the 4th quarter of 2019, the Federal Housing Agency (FHA) instituted new rules and policies to open up the residential condominium market to more FHA insured financing.

FHA is now permitting approval of individual residential condominium units in non-qualified condominium projects.  Previously the entire condominium project had to be approved in order for a buyer to obtain an FHA insured mortgage loan to buy a unit in the condominium project.  In practice, only the larger condominium projects were obtaining this condominium development-wide approval, leaving buyers unable to obtain FHA insured financing on the vast majority of the condominium projects.  While non-approved condominium projects have limits to the number of units which may have FHA insured financing, today even units in the smallest condominium projects may be eligible for FHA insured financing.

Additionally, FHA has loosened the eligibility requirements for mixed-use condominium projects; meaning condominium projects that include both residential and commercial units.  For us in the Pittsburgh market, we see the number of buildings Downtown, in the Strip District and East Liberty being built or converted into these mixed-use condominium projects.  The broadening of FHA eligibility for these type of projects is allowing those first time home-buyers and Millennials to obtain FHA insured financing to buy condominium units in areas and in projects where they want to live. Now is the time, don’t limit your wish list and settle for a property because FHA insured financing is not available.  FHA has heard the calls of the market and have taken good reasonable steps to assist you in financing your dream home, even if that “dream home” is a unit in a condominium.

Contact a Lake Norman real estate agent to get started on your Lake Norman condo search: 704-907-7907

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Tucker Arensberg, P.C. 2020 | Attorney Advertising

Lake Norman Waterfront Condo Market Update February 2019

Lake Norman waterfront condo market update

Lake Norman Waterfront Condo Market Update February 2019

Lake Norman Waterfront Condos & Townhomes

In February 2019 7 waterfront condos or townhomes sold in the Lake Norman area, a 133% increase from the 3 Lake Norman waterfront condos sold in January 2019. February 2019 sales figures increased 75% from February 2018 when 4 Lake Norman waterfront condos sold.

The average sales price decreased by 8.8% from $345,333 in January to $314,857 in February 2019. The February 2019 average sales price increased 34.8% from the February 2018 average sales price which was $233,500.

Average days on the market increased by 141% from 29 in January to 70 days on the market in February 2019. The February 2018 average days on the market were 17 an 312% increase in market time from one year ago.

Currently there are 36 active Lake Norman waterfront condos listed in the MLS, a 24% increase in active inventory from February. There are 8 Lake Norman waterfront condos under contract, down 47% from February. The average list price of active listings is $319,489, down 15% from last months average list price of $376,066. The lowest priced active Lake Norman waterfront condo is listed at $194,000 and the highest priced active Lake Norman waterfront condo is listed at $1,040,000. Based on this data, 2.7 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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.