Lake Norman Waterfront Condo Market Update August 2016
Lake Norman Waterfront Condo Market Update August 2016
Lake Norman Waterfront Condos & Townhomes
In August 7 waterfront condos or townhomes sold in the Lake Norman area, a 50% decrease from the 14 Lake Norman waterfront condos sold in July. August 2016 sales figures decreased 0% from August 2015 when 7 Lake Norman waterfront condos sold.
The average sales price increased 5.3% from $250,893 in July to $264,214 in August. The August 2016 average sales price increased 3.8% from the August 2015 average sales price which was $254,643.
Average days on the market increased 91% from 53 in July to 101 days on the market in August. The August 2015 average days on the market were 75, a 34.7% increase in market time.
Currently there are 31 active Lake Norman waterfront condos listed in the MLS with 17 also under contract, a 42% increase from August. The average list price is $304,471, up 3% from last month. The lowest priced active Lake Norman waterfront condo is listed at $147,999 and the highest priced active Lake Norman waterfront condo is listed at $725,000.
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