Lake Norman Real Estate Market Update December 2015
Lake Norman Homes
In December 2015 127 homes sold in the Lake Norman area, an 18.7% increase from the 107 homes sold in November. The December 2015 sales figures decreased 9.3% from December 2014 when 140 homes sold in the Lake Norman area.
The average sales price increased 7% from $451,641 in November to $483,039 in December. The December 2015 average sales price increased 6.1% from the December 2014 average sales price which was $455,440.
Average days on the market increased 15.3% from 72 days on the market in November to 83 days on the market in December. December 2014 average days on the market were 84, a 1.2% decrease in market time.
Currently there are 751 homes for sale in the Lake Norman MLS area, down 5.3% from December. The average list price is $772,850 up 2.8% from the December average list price of $751,531. The average days on the market are 227. 216 Lake Norman homes are currently under contract, up 4.9% from December.
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Lake Norman Condos & Townhomes
In December 2015 27 condos/townhomes sold in the Lake Norman area, a 22.7% increase from the 22 condos or townhomes sold in November 2015. December 015 ales figures increased 107.7% from December 2014 when 13 Lake Norman condos sold.
The average sales price increased 21.9% from $207,404 in November 2015 to $252,882 in December 2015. The December 2015 average sales price increased 12.1% from the December 2014 average sales price which was $225,636.
Average days on the market increased 8.6% from 58 in November to 63 in December. December 2014 average days on the market were 110, a 42.7% decrease in market time.
Currently there are 80 condo/townhomes for sale in the Lake Norman MLS area, a 29% decrease from the 113 condos for sale in December. The average list price is $245,305, up 6.2% from December’s average list price of $230,996. The average days on the market are 104. 35 Lake Norman condos/townhomes are currently under contract, a 2.9% increase from December.
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Lake Norman Lots
In December 2015 14 lots sold in the Lake Norman area, a 44% decrease from the 25 lots sold in November. December 2015 sales figures decreased 51.7% from December 2014 when 29 Lake Norman lots sold.
The average sales price decreased 22.4% from $152,832 in November to $118,543 in December. The December 2015 average sales price decreased 38.8% from the December 2014 average sales price which was $193,603.
Average days on the market increased 1.3% from 157 in November to 159 in December. The December 2014 average days on the market were 232, a 31.5% decrease in market time versus the same time period last year.
Currently there are 672 lots for sale in the Lake Norman MLS area, a decrease of 7.2% from December. The average list price is $260,488, up 5.1% from December’s average list price of $247,781. The average days on the market are 509. 61 Lake Norman area lots are currently under contract, a 38% increase from December.
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