Lake Norman Real Estate Market Update August 2015

Lake Norman Real Estate Market Update

Lake Norman Real Estate Market Update August 2015

Lake Norman Homes
In August 2015 173 homes sold in the Lake Norman area, a 13.5% decrease from the 200 homes sold in July and the highest August sales total since July 2006. The August 2015 sales figures increased 16.1% from August 2014 when 149 homes sold in the Lake Norman area.

The average sales price decreased 5.7% from $499,393 in July to $470,939 in August. The August 2015 average sales price decreased 18.1% from the August 2014 average sales price which was $575,118.

Average days on the market decreased 8% from 88 days on the market in July to 81 days on the market in August. August 2014 average days on the market were 101, an 19.8% decrease in market time.

Currently there are 938 homes for sale in the Lake Norman MLS area, down 3.8% from August. The average list price is $746,123 up .6% from the August average list price of $741,584. The average days on the market are 192. 245 Lake Norman homes are currently under contract, down 21.7% from August.

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

Lake Norman Condos & Townhomes
In August 2015 34 condos/townhomes sold in the Lake Norman area, a 17.1% decrease from the 41 condos or townhomes sold in July 2015. August 2015 sales figures increased 36% from August 2014 when 25 Lake Norman condos sold.

The average sales price increased .9% from $210,615 in July 2015 to $212,583 in August 2015. The August 2015 average sales price increased 5.8% from the August 2014 average sales price which was $200,886.

Average days on the market decreased 27.5% from 69 in July to 50 in August. August 2014 average days on the market were 59, a 15.3% decrease in market time.

Currently there are 122 condo/townhomes for sale in the Lake Norman MLS area, a 0% decrease from the 122 condos for sale in August. The average list price is $245,240, down 2% from August’s average list price of $250,253. The average days on the market are 101. 40 Lake Norman condos/townhomes are currently under contract, a 21.2% increase from August.

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

Lake Norman Lots
In August 2015 15 lots sold in the Lake Norman area, a 59.5% decrease from the 37 lots sold in July. August 2015 sales figures decreased 48.3% from August 2014 when 29 Lake Norman lots sold.

The average sales price increased 25.1% from $107,796 in July to $134,893 in August. The August 2015 average sales price decreased 12.9% from the August 2014 average sales price which was $154,904.

Average days on the market increased 67.3% from 156 in July to 261 in August. The August 2014 average days on the market were 182, a 43.4% increase in market time versus the same time period last year.

Currently there are 769 lots for sale in the Lake Norman MLS area, a decrease of .3% from August. The average list price is $248,926, down 2.9% from August’s average list price of $256,370. The average days on the market are 467. 65 Lake Norman area lots are currently under contract, a 9.7% decrease from August.

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

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