Lake Norman Real Estate Market Update March 2015

Lake Norman Real Estate Market Update

March 2015 Lake Norman Real Estate Market Update

Lake Norman Homes
In March 2015 128 homes sold in the Lake Norman area, a 48.8% increase from the 86 homes sold in February and the highest March sales total since March 2007. The March 2015 sales figures increased 37.6% from March 2014 when 93 homes sold in the Lake Norman area.

The average sales price decreased 11% from $456,841 in February to $406,677 in March. The March 2015 average sales price decreased 19.5% from the March 2014 average sales price which was $505,204.

Average days on the market decreased 23.9% from 117 days on the market in February to 89 days on the market in March. March 2014 average days on the market were 106, a 16% decrease in market time.

Currently there are 946 homes for sale in the Lake Norman MLS area, up 7.9% from February. The average list price is $705,700 up $70 from the February average list price of $705,630. The average days on the market are 173. 348 Lake Norman homes are currently under contract, up 31.8% from February.

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

Lake Norman Condos & Townhomes
In March 2015 25 condos/townhomes sold in the Lake Norman area, a 8.76% increase from the 23 condos or townhomes sold in February 2015. March 2015 sales figures increased 108.3% from March 2014 when 12 Lake Norman condos sold.

The average sales price increased 2.1% from $181,653 in February 2014 to $185,416 in March 2015. The March 2015 average sales price increased .4% from the March 2014 average sales price which was $184,742.

Average days on the market increased 6.5% from 77 in February to 82 in March. March 2014 average days on the market were 165, a 50.3% decrease in market time.

Currently there are 106 condo/townhomes for sale in the Lake Norman MLS area, a 24.7% increase from the 85 condos for sale in February. The average list price is $236,090, down 1.5% from February’s average list price of $239,784. The average days on the market are 116. 33 Lake Norman condos/townhomes are currently under contract, a 13.8% increase from February.

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

Lake Norman Lots
In March 2015 24 lots sold in the Lake Norman area, a 33% increase from the 18 lots sold in February. March 2015 sales figures increased 26.3% from March 2014 when 19 Lake Norman lots sold.

The average sales price increased 13.1% from $196,578 in February to $222,233 in March. The March 2015 average sales price increased 297% from the March 2014 average sales price which was $55,974.

Average days on the market increased 27.3% from 183 in February to 233 in March. The March 2014 average days on the market were 382, a 39% decrease in market time versus the same time period last year.

Currently there are 736 lots for sale in the Lake Norman MLS area, an increase of .8% from February. The average list price is $256,197, up .1% from February’s average list price of $255,814. The average days on the market are 438. 69 Lake Norman area lots are currently under contract, a 43.8% increase from February.

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

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