Lake Norman Waterfront Real Estate Market Update December 2014

Lake Norman Real Estate Market Update

Lake Norman Waterfront Homes
In December 2014 27 waterfront homes sold in the Lake Norman area, an 15.6% decrease from the 32 Lake Norman waterfront homes sold in November 2014. December 2014 waterfront sales figures decreased 10% from December 2013 when 30 Lake Norman waterfront homes sold.

The average sales price increased 18.7% from $691,054 in November 2014 to $820,337 in December 2014. The December 2014 average sales price increased 5.2% from the December 2013 average sales price which was $780,016.

Average days on the market increased from 120 in November 2014 to 140 in December 2014, a 16.7% increase in market time. December 2013 average days on the market were 163, a 14.1% decrease in market time.

Currently there are 345 Lake Norman waterfront homes listed in the MLS with 35 of those under contract, down 14.6% from November. The average list price is $1,062,594, down 1.4% from November. The lowest priced Lake Norman waterfront home is listed at $84,900 and the highest priced Lake Norman waterfront home is listed at $5,400,000.

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Lake Norman Waterfront Condos & Townhomes
In December 2014 4 waterfront condos or townhomes sold in the Lake Norman area, a 63.6% decrease from the 11 Lake Norman waterfront condos sold in November 2014. December 2014 sales figures increased 33% from December 2013 when 3 waterfront condos sold.

The average sales price increased 15.2% from $297,364 in November 2014 to $342,625 in December 2014. December 2014 average sales price increased 30.2% from the December 2013 average sales price which was $263,167.

Average days on the market decreased 48.4% from 126 in November 2014 to 65 in December 2014. December 2013 average days on the market were 52, a 25% increase in market time.

Currently there are 54 Lake Norman waterfront condos listed in the MLS with 8 of those under contract, a 0% increase from November. The average list price is $253,613, down 2.8% from last month. The lowest priced Lake Norman waterfront condo is listed at $128,000 and the highest priced Lake Norman waterfront condo is listed at $455,000.

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Lake Norman Waterfront Lots
In December 2014 13 waterfront lots sold in the Lake Norman area, a 85.7% increase from the 7 waterfront lots sold in November 2014. The average sales price was $299,808, down .7% from the November average sales price which was $302,000. December 2014 sales figures increased 225% from December 2013 when 4 Lake Norman waterfront lots sold. The average sales price increased 32.9% from the December 2013 average sales price of $225,625.


The average days on the market increased 94.7% from 133 days in November to 259 days on the market in December. Days on the market were down 7.8% from December 2013 when the average was 281 days on the market.

Currently there are 226 Lake Norman waterfront lots listed in the MLS with 26 of those currently under contract. The average list price is $468,185, up 6.6% from last month. The lowest priced Lake Norman waterfront lot is listed at $75,000 and the highest priced Lake Norman waterfront lot is listed at $5,900,000.

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