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Lake Norman Waterfront Condo Market Update August 2017

Lake Norman waterfront condo market update
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Lake Norman Waterfront Condo Market Update August 2017

Lake Norman Waterfront Condos & Townhomes
In August 2017 12 waterfront condos or townhomes sold in the Lake Norman area, a 20% decrease from the 15 Lake Norman waterfront condos sold in July 2017. August 2017 sales figures increased 71.4% from August 2016 when 7 Lake Norman waterfront condos sold.

The average sales price decreased 11.2% from $290,380 in July to $257,958 in August. The August 2017 average sales price decreased 2.4% from the August 2016 average sales price which was $264,214.

Average days on the market decreased 47.4% from 57 in July to 30 days on the market in August. The August 2016 average days on the market were 101, a 70.3% decrease in market time from one year ago.

Currently there are 14 active Lake Norman waterfront condos listed in the MLS with 5 also under contract, a 27.3% increase in active inventory from August . The average list price is $312,164, down 1.4% from last month. The lowest priced active Lake Norman waterfront condo is listed at $165,000 and the highest priced active Lake Norman waterfront condo is listed at $430,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Stay up to date on the Lake Norman real estate market with our free market updates.


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