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Lake Norman Condo Market Update January 2017

Lake Norman condo market
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Lake Norman Condo Market Update January 2017

Lake Norman Condos & Townhomes
In January 2017 22 condos/townhomes sold in the Lake Norman area, a 12% decrease from the 25 condos or townhomes sold in December 2016. January 2017 sales figures increased 37.5% from January 2016 when 16 Lake Norman condos sold.

The average sales price increased 15.4% from $194,902 in December to $224,885 in January. The January 2017 average sales price increased 15.5% from the January 2016 average sales price which was $194,745.

Average days on the market increased 20.4% from 49 in December to 59 in January. The January 2016 average days on the market were 109, a 45.9% decrease in market time.

Currently there are 32 active condo/townhome listings for sale in the Lake Norman MLS area, a 0% decrease from the 32 active condos for sale in January. The average list price is $271,872, down 5.2% from January’s average list price of $286,676. The average days on the market are 84. 39 Lake Norman condos/townhomes are currently under contract, a 77.3% increase from January. Based on this months data we are currently in a sellers market, only .7 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


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