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Lake Norman Condo Market Update July 2016

Lake Norman condo market
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Lake Norman Condo Market Update June 2016

Lake Norman Condos & Townhomes
In July 32 condos/townhomes sold in the Lake Norman area, an 8.6% decrease from the 35 condos or townhomes sold in June. June 2016 sales figures increased 25.6% from July 2015 when 43 Lake Norman condos sold.

The average sales price increased 7.8% from $210,120 in June to $226,502 in July. The July 2016 average sales price increased 13% from the July 2015 average sales price which was $200,485.

Average days on the market decreased 36% from 64 in June to 41 in July. The July 2015 average days on the market were 59, a 30.5% decrease in market time.

Currently there are 68 active condo/townhome listings for sale in the Lake Norman MLS area, a 5.6% decrease from the 72 condos for sale in July. The average list price is $257,965, down 1.3% from July’s average list price of $261,326. The average days on the market are 107. 46 Lake Norman condos/townhomes are currently under contract, a 12.2% increase from July.

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


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