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December 2014 Lake Norman Condo Market Update

Lake Norman condo market
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Lake Norman Condo Market Update

In December 2014 11 Lake Norman condo and/or townhomes sold in the Lake Norman MLS area, a 57.7% decrease from the 26 Lake Norman condos or townhomes sold in November 2014. December 2014 sales figures decreased 35.3% from December 2013 when 17 Lake Norman condos sold.

The average Lake Norman condo sales price increased 12% from $230,204 in November 2014 to $257,660 in December 2014. December 2014 average sales price increased 56.1% from the December 2013 average sales price which was $165,049.

The average Lake Norman condo days on the market decreased 19.5% from 77 in November to 62 in December. December 2013 average days on the market were 92, a 32.6% decrease in market time.

Currently there are 93 Lake Norman condo/townhomes for sale in the Lake Norman MLS area,a 11.4% decrease from the 105 condos for sale in November. The average list price is $216,122, down 6.9% from November’s average list price of $232,126. The average days on the market are 125. 20 Lake Norman condos/townhomes are currently under contract, a 33% increase from November.

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


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