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Lake Norman Waterfront Condo Market Update November 2018

Lake Norman waterfront condo market update
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Lake Norman Waterfront Condo Market Update November 2018

Lake Norman Waterfront Condos & Townhomes

In November 2018 10 waterfront condos or townhomes sold in the Lake Norman area, a 33% decrease from the 15 Lake Norman waterfront condos sold in October 2018. November 2018 sales figures increased 42.9% from November 2017 when 7 Lake Norman waterfront condos sold.

The average sales price decreased 7.7% from $327,833 in October to $302,650 in November. The November 2018 average sales price increased 10.9% from the November 2017 average sales price which was $295,657.

Average days on the market increased  8.9% from 78 in October to 85 days on the market in November. The November 2017 average days on the market were 29 a 193% increase in market time from one year ago.

Currently there are 41 active Lake Norman waterfront condos listed in the MLS, a 2.5% increase in active inventory from November. There are 11 Lake Norman waterfront condos under contract, down 27% from November. The average list price of active listings is $316,190, down 11.5% from last months average list price of $357,130. The lowest priced active Lake Norman waterfront condo is listed at $145,000 and the highest priced active Lake Norman waterfront condo is listed at $1,050,000.

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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