January 2015 Lake Norman Condo Market Update
Lake Norman Condos & Townhomes
In January 2015 9 condos/townhomes sold in the Lake Norman area, a 18.2% decrease from the 11 condos or townhomes sold in December 2014. January 2015 sales figures decreased 25% from January 2014 when 12 Lake Norman condos sold.
The average sales price decreased 6% from $257,660 in December 2014 to $242,167 in January 2015. The January 2015 average sales price increased 21.6% from the January 2014 average sales price which was $199,096.
Average days on the market increased 174% from 62 in December to 170 in January. January 2014 average days on the market were 133, a 27.8% increase in market time.
Currently there are 82 condo/townhomes for sale in the Lake Norman MLS area,a 11.8% decrease from the 93 condos for sale in December. The average list price is $235,768, up 9.1% from December’s average list price of $216,122. The average days on the market are 129. 37 Lake Norman condos/townhomes are currently under contract, a 85% increase from December.
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