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Looking for views like this?

Lake Norman waterfront condos feature some amazing views and the carefree lifestyle that a condo community offers. More »

Take some time to relax and enjoy the lake!

Owning a condo allows you time to relax and enjoy all that Lake Norman has to offer. More »

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Condo living affords you more time to spend with your family. Spend the weekend on the lake, not mowing the yard & maintaining a home! More »

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Many of the condo communities on Lake Norman offer boat slips, contact us today to find a home for your boat! More »

 

Lake Norman Waterfront Condo Market Update January 2019

Lake Norman waterfront condo market update

Lake Norman Waterfront Condo Market Update January 2019

Lake Norman Waterfront Condos & Townhomes

In January 2019 3 waterfront condos or townhomes sold in the Lake Norman area, a 77% decrease from the 13 Lake Norman waterfront condos sold in December 2018. January 2019 sales figures decreased 25% from January 2018 when 4 Lake Norman waterfront condos sold.

The average sales price increased 1.5% from $340,265 in December to $345,333 in January 2019. The January 2019 average sales price increased 82% from the January 2018 average sales price which was $189,475.

Average days on the market decreased  68% from 87 in December to 29 days on the market in January 2019. The January 2018 average days on the market were 31 an 6.5% decrease in market time from one year ago.

Currently there are 29 active Lake Norman waterfront condos listed in the MLS, a 12.1% decrease in active inventory from January. There are 15 Lake Norman waterfront condos under contract, up 275% from January. The average list price of active listings is $376,066, up 2.8% from last months average list price of $365,806. The lowest priced active Lake Norman waterfront condo is listed at $175,000 and the highest priced active Lake Norman waterfront condo is listed at $1,040,000.

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.

Lake Norman Condo Market Update January 2019

Lake Norman Condo Market Update

Lake Norman Condo Market Update January 2019

Lake Norman Condos & Townhomes

In January 2019 16 condos/townhomes sold in the Lake Norman area, a 23.8% decrease from the 21 condos or townhomes sold in December 2018. January 2019 sales figures decreased 36% from January 2018 when 25 Lake Norman condos sold.

The average sales price decreased 13.8% from $297,284 in December to $256,301 in January 2019. The January 2019 average sales price increased 20.6% from the January 2018 average sales price which was $212,479.

Average days on the market decreased 59.4% from 64 in December to 26 in January 2019. The January 2018 average days on the market were 45, a  42.2% decrease in market time from one year ago.

Currently there are 76 active condo/townhome listings for sale in the Lake Norman MLS area, a 2.7% increase from the 74 active condos for sale in January. The average list price is $358,577, up 1.7% from January’s average list price of $352,423. The average days on the market are 109. There are 56 Lake Norman condos/townhomes currently under contract, a 12% increase from January. Based on this months data we are currently in a sellers market, only 4.8 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com