Lake Norman Waterfront Real Estate Market Update November 2014

Lake Norman Real Estate Market Update

Lake Norman Waterfront Homes
In November 2014 32 waterfront homes sold in the Lake Norman area, an 18% decrease from the 39 Lake Norman waterfront homes sold in October 2014. November 2014 waterfront sales figures increased 14.3% from November 2013 when 28 Lake Norman waterfront homes sold.

The average sales price decreased 21.2% from $876,835 in October 2014 to $691,054 in November 2014. The November 2014 average sales price decreased 19.2% from the November 2013 average sales price which was $854,954.

Average days on the market decreased from 121 in October 2014 to 120 in November 2014, a .8% decrease in market time. November 2013 average days on the market were 130, a 7.7% decrease in market time.

Currently there are 362 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 16.3% from October. The average list price is $1,078,125, up .4% from October. The lowest priced Lake Norman waterfront home is listed at $209,000 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Lake Norman Waterfront Condos & Townhomes
In November 2014 11 waterfront condos or townhomes sold in the Lake Norman area, a 37.5% increase from the 8 Lake Norman waterfront condos sold in October 2014. November 2014 sales figures increased 22.2% from November 2013 when 9 waterfront condos sold.

The average sales price increased 58% from $188,188 in October 2014 to $297,364 in November 2014. November 2014 average sales price increased 29.9% from the November 2013 average sales price which was $228,889.

Average days on the market increased 53.7% from 82 in October 2014 to 126 in November 2014. November 2013 average days on the market were 145, a 13.1% decrease in market time.

Currently there are 55 Lake Norman waterfront condos listed in the MLS with 8 of those under contract, a 33% increase from October. The average list price is $260,965, up 1.1% 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.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In November 2014 7 waterfront lots sold in the Lake Norman area, a 0% decrease from the 7 waterfront lots sold in October 2014. The average sales price was $302,000, up 25.7% from the October average sales price which was $240,185. November 2014 sales figures decreased 12.5% from November 2013 when 8 Lake Norman waterfront lots sold. The average sales price increased 65.1% from the November 2013 average sales price of $182,943.

The average days on the market decreased 84.2% from October, from 245 to 133 days on the market in November. Days on the market were down 36.7% from November 2013 when the average was 210 days on the market.

Currently there are 239 Lake Norman waterfront lots listed in the MLS with 25 of those currently under contract. The average list price is $438,370, up 3.3% from last month. The lowest priced Lake Norman waterfront lot is listed at $49,900 and the highest priced Lake Norman waterfront lot is listed at $4,200,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale



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