fbpx

Lake Norman Condo Market Update February 2017

Lake Norman condo market
Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    4
    Shares

Lake Norman Condo Market Update February 2017

Lake Norman Condos & Townhomes
In February 2017 22 condos/townhomes sold in the Lake Norman area, a 0% decrease from the 22 condos or townhomes sold in January 2017. February 2017 sales figures decreased 26.7% from February 2016 when 30 Lake Norman condos sold.

The average sales price increased 19.2% from $224,885 in January to $267,967 in February. The February 2017 average sales price increased 28.1% from the February 2016 average sales price which was $209,231.

Average days on the market decreased 15.3% from 59 in January to 50 in February. The February 2016 average days on the market were 74, a 32.4% decrease in market time.

Currently there are 34 active condo/townhome listings for sale in the Lake Norman MLS area, a 6.3% increase from the 32 active condos for sale in February. The average list price is $271,633, down .09% from February’s average list price of $271,872. The average days on the market are 70. 45 Lake Norman condos/townhomes are currently under contract, a 15.4% increase from February. Based on this months data we are currently in a sellers market, only 1.5 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


Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    4
    Shares

Leave a Reply

Your email address will not be published. Required fields are marked *