Lake Norman Condos

Lake Norman Waterfront Condo Market Update September 2016

Lake Norman Waterfront Condos & Townhomes
In September 15 waterfront condos or townhomes sold in the Lake Norman area, a 114% increase from the 7 Lake Norman waterfront condos sold in August. September 2016 sales figures decreased 0% from September 2015 when 15 Lake Norman waterfront condos sold.

The average sales price decreased 6.7% from $264,214 in August to $246,613 in September. The September 2016 average sales price decreased 16.1% from the September 2015 average sales price which was $293,853.

Average days on the market increased 8% from 101 in August to 109 days on the market in September. The September 2015 average days on the market were 60, an 81.7% increase in market time.

Currently there are 28 active Lake Norman waterfront condos listed in the MLS with 17 also under contract, a 0% increase from September. The average list price is $309,131, up 1.5% from last month. The lowest priced active Lake Norman waterfront condo is listed at $149,900 and the highest priced active Lake Norman waterfront condo is listed at $715,000.

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