Lake Norman Real Estate Market Update September 2015

Lake Norman Real Estate Market Update

Lake Norman Real Estate Market Update September 2015

Lake Norman Homes
In September 2015 163 homes sold in the Lake Norman area, a 6.3% decrease from the 174 homes sold in August and the highest September sales total since September 2005. The September 2015 sales figures increased 7.9% from September 2014 when 151 homes sold in the Lake Norman area.

The average sales price increased 16.4% from $441,503 in August to $513,998 in September. The September 2015 average sales price increased 6% from the September 2014 average sales price which was $484,973.

Average days on the market increased 3.8% from 78 days on the market in August to 81 days on the market in September. September 2014 average days on the market were 90, a 10% decrease in market time.

Currently there are 926 homes for sale in the Lake Norman MLS area, down 1.3% from September. The average list price is $728,886 down 2.3% from the September average list price of $746,123. The average days on the market are 197. 241 Lake Norman homes are currently under contract, down 1.6% from September.

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

Lake Norman Condos & Townhomes
In September 2015 40 condos/townhomes sold in the Lake Norman area, a 21.2% increase from the 33 condos or townhomes sold in August 2015. September 2015 sales figures increased 33.3% from September 2014 when 30 Lake Norman condos sold.

The average sales price increased .6% from $211,819 in August 2015 to $213,166 in September 2015. The September 2015 average sales price increased 8.4% from the September 2014 average sales price which was $196,592.

Average days on the market decreased 3.3% from 60 in August to 58 in September. September 2014 average days on the market were 91, a 36.3% decrease in market time.

Currently there are 123 condo/townhomes for sale in the Lake Norman MLS area, a .8% increase from the 122 condos for sale in September. The average list price is $239,645, down 2.3% from September’s average list price of $245,240. The average days on the market are 101. 40 Lake Norman condos/townhomes are currently under contract, a 0% increase from September.

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

Lake Norman Lots
In September 2015 22 lots sold in the Lake Norman area, a 27.3% increase from the 16 lots sold in August. September 2015 sales figures increased 29.4% from September 2014 when 17 Lake Norman lots sold.

The average sales price increased 50.6% from $201,400 in August to $303,268 in September. The September 2015 average sales price increased 192% from the September 2014 average sales price which was $103,821.

Average days on the market decreased 41.5% from 260 in August to 152 in September. The September 2014 average days on the market were 177, a 14.1% decrease in market time versus the same time period last year.

Currently there are 725 lots for sale in the Lake Norman MLS area, a decrease of 3.3% from September. The average list price is $247,096, down .7% from September’s average list price of $248,926. The average days on the market are 486. 56 Lake Norman area lots are currently under contract, a 13.8% decrease from September.

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

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