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Lake Norman Waterfront Condo Market Update December 2016

Lake Norman waterfront condo update
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Lake Norman Waterfront Condo Market Update December 2016

Lake Norman Waterfront Condos & Townhomes
In December 2016 8 waterfront condos or townhomes sold in the Lake Norman area, a 20% decrease from the 10 Lake Norman waterfront condos sold in November. December 2016 sales figures decreased 11.1% from December 2015 when 9 Lake Norman waterfront condos sold.

The average sales price decreased 2.6% from $248,690 in November to $242,256 in December. The December 2016 average sales price decreased 35.8% from the December 2015 average sales price which was $377,333.

Average days on the market increased 89.2% from 37 in November to 70 days on the market in December. The December 2015 average days on the market were 66, a 6.1% increase in market time.

Currently there are 16 active Lake Norman waterfront condos listed in the MLS with 9 also under contract, a 0% decrease from December. The average list price is $334,818, up 5% from last month. The lowest priced active Lake Norman waterfront condo is listed at $150,000 and the highest priced active Lake Norman waterfront condo is listed at $699,888.

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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