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Lake Norman Waterfront Condo Market Update July 2018

Lake Norman waterfront condo market update
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Lake Norman Waterfront Condo Update July 2018

Lake Norman Waterfront Condos & Townhomes

In July 2018 18 waterfront condos or townhomes sold in the Lake Norman area, a 125% increase from the 8 Lake Norman waterfront condos sold in June 2018. July 2018 sales figures increased 20% from July 2017 when 15 Lake Norman waterfront condos sold.

The average sales price increased 26.5% from $270,500 in June to $342,250 in July. The July 2018 average sales price increased 17.9% from the July 2017 average sales price which was $290,380.

Average days on the market decreased 18.2% from 44 in June to 36 days on the market in July. The July 2017 average days on the market were 57 a 36.8% decrease in market time from one year ago.

Currently there are 35 active Lake Norman waterfront condos listed in the MLS, a 14.6% decrease in active inventory from July, with 14 also under contract, down 6.7% from July. The average list price of active listings is $419,967, up 10.1% from last months list price of $381,271. The lowest priced active Lake Norman waterfront condo is listed at $182,500 and the highest priced active Lake Norman waterfront condo is listed at $1,020,000.

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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