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Lake Norman Waterfront Condo Market Year In Review 2016

Lake Norman waterfront condo update

2016 Lake Norman Waterfront Condo Market Review

Lake Norman Waterfront Condos

Total Lake Norman waterfront condo sales decreased  17.6% in 2016 with a total of 98 units sold. This decrease can be attributed to low inventory and sellers holding onto their condos for longer then previously.

The average sales price had a moderate decrease (5.6%) from the 2015 average sales price. This price decrease is because of less luxury/high-end condos being listed then in previous years.

The median sales price stayed the same as 2015, $230,000. I don’t put much stock in median sales prices as it is just the middle condo sold (#49) and does not account for location, size, etc..

The average price per square foot had a slight increase (2%) from the 2015 average price per square foot. The 2016 average price per square foot, $207, was the highest since 2010.

The average days on the market in 2016 increased significantly (20%) from the 2015 average days on the market.

The percentage of original list price increased from 94.6% to 97%. Lower inventory made competition for Lake Norman condos very strong with many receiving multiple offers.

Overall, the Lake Norman waterfront condo market had a mixed year with price increases and a longer market time. We expect this trend to continue through 2017 with modest gains in number of sales and average sales price. We will likely see increased buyer traffic with more Baby Boomers looking to downsize or to eliminate the maintenance that owning a home requires. We also expect to see Millennials entering the market and those that had a foreclosure during the crash of 2008 to reenter the market as well.

If you would like to stay updated on the Lake Norman real estate market sign up for free market reports on our website LakeNormanHomePrices.com and you will receive automatic email updates on new listings and sold listings in the Lake Norman area.

Davidson Landing Lake Norman Condos

Davidson Landing Waterfront Condos

Davidson Landing Condos

Lake Norman condos for sale in the Davidson Landing complex on Lake Norman. Condos currently for sale in Davidson Landing. Page updates daily, bookmark this page or sign up for free condo listing updates from the MLS – free automatic email alert of condos for sale and price changes.

View all Davidson condos for sale. Note – only condos in Davidson Landing are on the Lake Norman side of I77, all others are on Lake Davidson, Cornelius Lake or in communities off water.

Davidson Landing Condos For Sale

Listings 1 - 6 of 6

Open house! Fri Dec 1, 1 PM-3 PM
Price: $568,000
709 Southwest Drive, Davidson, NC 28036
Complex: Windjammer
2 BR, 2 BA, 1152 sqft
Nest Realty Lake | MLS # 4079433 | Active
Price: $535,000
1106 Torrence Circle, Davidson, NC 28036
Complex: Captains Watch
2 BR, 2 BA, 1109 sqft
ERA Live Moore | MLS # 4082808 | Active
Price: $500,000
907 Southwest Drive, Davidson, NC 28036
Complex: Southpoint
2 BR, 2 BA, 914 sqft
ERA Live Moore | MLS # 4085973 | Contract
Price: $475,000
1044 Southwest Drive, Davidson, NC 28036
Complex: South Harbortowne
2 BR, 2 BA, 1108 sqft
Lake Norman Realty, | MLS # 4074354 | Active
Price: $449,900
726 Southwest Drive, Davidson, NC 28036
Complex: Windjammer
2 BR, 2 BA, 937 sqft
Call It Closed | MLS # 4089998 | Active
Price: $375,000
205 Northwest Drive, Davidson, NC 28036
Complex: Harborwatch
2 BR, 1 BA, 759 sqft
Ivester Jackson | MLS # 4052906 | Active

Listings 1 - 6 of 6