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Lake Norman Waterfront Condo Market Update October 2018

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

Lake Norman Waterfront Condos & Townhomes

In October 2018 15 waterfront condos or townhomes sold in the Lake Norman area, a 36.4% increase from the 11 Lake Norman waterfront condos sold in September 2018. October 2018 sales figures increased 50% from October 2017 when 10 Lake Norman waterfront condos sold.

The average sales price decreased 3.9% from $341,045 in September to $327,833 in October. The October 2018 average sales price increased 30% from the October 2017 average sales price which was $252,250.

Average days on the market increased  62.5% from 48 in September to 78 days on the market in October. The October 2017 average days on the market were 49 a 59.2% increase in market time from one year ago.

Currently there are 30 active Lake Norman waterfront condos listed in the MLS, a 9.1%decrease in active inventory from October. There are 15 Lake Norman waterfront condos under contract, up 67% from October. The average list price of active listings is $357,130, down 4.2% from last months average list price of $372,602. The lowest priced active Lake Norman waterfront condo is listed at $179,900 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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