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Lake Norman Condo Market Update September 2016

Lake Norman condo market
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Lake Norman Condo Market Update September 2016

Lake Norman Condos & Townhomes
In September 36 condos/townhomes sold in the Lake Norman area, a 22.2% increase from the 28 condos or townhomes sold in August. September 2016 sales figures decreased 10% from September 2015 when 40 Lake Norman condos sold.

The average sales price increased 11.9% from $210,724 in August to $235,721 in September. The September 2016 average sales price increased 10.6% from the September 2015 average sales price which was $213,166.

Average days on the market increased 6.3% from 63 in August to 67 in September. The September 2015 average days on the market were 58, a 15.5% increase in market time.

Currently there are 50 active condo/townhome listings for sale in the Lake Norman MLS area, a 26.5% decrease from the 68 condos for sale in September. The average list price is $278,578, up 8% from September’s average list price of $257,965. The average days on the market are 88. 52 Lake Norman condos/townhomes are currently under contract, a 13% increase from September.

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


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