Lake Norman Condo Market Update October 2016
Lake Norman Condo Market Update October 2016
Lake Norman Condos & Townhomes
In October 31 condos/townhomes sold in the Lake Norman area, a 13.9% decrease from the 36 condos or townhomes sold in September. October 2016 sales figures decreased 0% from October 2015 when 31 Lake Norman condos sold.
The average sales price decreased 8.4% from $235,721 in September to $215,834 in October. The October 2016 average sales price increased 5.5% from the October 2015 average sales price which was $204,532.
Average days on the market decreased 6% from 67 in September to 63 in October. The October 2015 average days on the market were 55, a 14.5% increase in market time.
Currently there are 47 active condo/townhome listings for sale in the Lake Norman MLS area, a 6% decrease from the 50 condos for sale in October. The average list price is $286,849, up 3% from October’s average list price of $278,578. The average days on the market are 98. 36 Lake Norman condos/townhomes are currently under contract, a 31% decrease from October.
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