Waterfront Real Estate Market

Lake Norman Waterfront Real Estate Market Update May 2017

Lake Norman Waterfront Real Estate Market Update May 2017

Lake Norman Waterfront Homes
In May 2017 53 waterfront homes sold in the Lake Norman area, an 82.8% increase from the 29 Lake Norman waterfront homes sold in April 2017. May 2017 Lake Norman waterfront home sales figures increased 23.3% from May 2016 when 43 Lake Norman waterfront homes sold.

The average sales price decreased 2.8% from $866,237 in April to $841,679 in May. The May 2017 average sales price increased 9.2% from the May 2016 average sales price which was $770,695.

Average days on the market increased from 107 in April to 110 in May, an 2.8% increase in market time. The May 2016 average days on the market were 91, a 20.9% increase in market time.

Currently there are 391 active Lake Norman waterfront homes listed in the MLS with 113 also under contract, down 4.2% from May. The average list price is $1,165,834, down 3.1% from May. The lowest priced active Lake Norman waterfront home is listed at $189,000 and the highest priced Lake Norman waterfront home is listed at $8,495,000.

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Lake Norman Waterfront Condos & Townhomes
In May 2017 15 waterfront condos or townhomes sold in the Lake Norman area, an 87.5% increase from the 8 Lake Norman waterfront condos sold in April 2017. May 2017 sales figures increased 275% from May 2016 when 4Lake Norman waterfront condos sold.

The average sales price decreased 27.3% from $355,363 in April to $258,510 in May. The May 2017 average sales price increased 5.1% from the May 2016 average sales price which was $245,875.

Average days on the market decreased 21.7% from 69 in April to 54 days on the market in May. The May 2016 average days on the market were 142, a 62% decrease in market time from one year ago.

Currently there are 20 active Lake Norman waterfront condos listed in the MLS with 19 also under contract, a 5.3% increase in active inventory from May. The average list price is $343,270, down 3.5% from last month. The lowest priced active Lake Norman waterfront condo is listed at $172,900 and the highest priced active Lake Norman waterfront condo is listed at $659,000.

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Lake Norman Waterfront Lots
In May 2017 6 waterfront lots sold in the Lake Norman area, a 25% decrease from the 8 Lake Norman waterfront lots sold in April 2017. May 2017 sales figures increased 20% from May 2016 when 5 Lake Norman waterfront lots sold.

The average sales price in May 2017 was $536,500, up 14.4% from the April 2017 average sales price which was $469,063. The May 2017 average sales price decreased 27.1% from the May 2016 average sales price of $736,000.

The average days on the market decreased 13.6% from 242 days in April to 209 days on the market in May. Days on the market were up 480% from May 2016 when the average was 36 days on the market.

Currently there are 235 active Lake Norman waterfront lots listed in the MLS with 36 more under contract, up 9% from May. The average list price is $432,116, down 4.4% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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Waterfront Real Estate Market

Lake Norman Waterfront Real Estate Market Update April 2017

Lake Norman Waterfront Real Estate Market Update April 2017

Lake Norman Waterfront Homes
In April 2017 29 waterfront homes sold in the Lake Norman area, a 39.6% decrease from the 48 Lake Norman waterfront homes sold in March 2017. April 2017 Lake Norman waterfront home sales figures decreased 9.4% from April 2016 when 32 Lake Norman waterfront homes sold.

The average sales price increased .7% from $859,794 in March to $866,237 in April. The April 2017 average sales price increased 13.2% from the April 2016 average sales price which was $765,145.

Average days on the market decreased from 122 in March to 107 in April, an 12.3% decrease in market time. The April 2016 average days on the market were 116, a 7.8% decrease in market time.

Currently there are 376 active Lake Norman waterfront homes listed in the MLS with 118 also under contract, up 7.3% from April. The average list price is $1,202,929, up 3.8% from April. The lowest priced active Lake Norman waterfront home is listed at $240,000 and the highest priced Lake Norman waterfront home is listed at $8,495,000.

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Lake Norman Waterfront Condos & Townhomes
In April 2017 8 waterfront condos or townhomes sold in the Lake Norman area, a 63.6% decrease from the 22 Lake Norman waterfront condos sold in March 2017. April 2017 sales figures increased 60% from April 2016 when 5 Lake Norman waterfront condos sold.

The average sales price increased 19% from $298,545 in March to $355,363 in April. The April 2017 average sales price increased 45.1% from the April 2016 average sales price which was $244,950.

Average days on the market decreased 26.6% from 94 in March to 69 days on the market in April. The April 2016 average days on the market were 133, a 48.1% decrease in market time from one year ago.

Currently there are 18 active Lake Norman waterfront condos listed in the MLS with 11 also under contract, a 28.6% increase in active inventory from April. The average list price is $355,737, down 7% from last month. The lowest priced active Lake Norman waterfront condo is listed at $229,500 and the highest priced active Lake Norman waterfront condo is listed at $659,900.

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Lake Norman Waterfront Lots
In April 2017 8 waterfront lots sold in the Lake Norman area, a 167% increase from the 3 Lake Norman waterfront lots sold in March 2017. April 2017 sales figures decreased 20% from April 2016 when 10 Lake Norman waterfront lots sold.

The average sales price in April 2017 was $469,063, down 5.6% from the March 2017 average sales price which was $496,667. The April 2017 average sales price increased 27% from the April 2016 average sales price of $369,350.

The average days on the market increased 128% from 106 days in March to 242 days on the market in April. Days on the market were up 51.3% from April 2016 when the average was 160 days on the market.

Currently there are 241 active Lake Norman waterfront lots listed in the MLS with 33 more under contract, up 37.5% from April. The average list price is $452,055, down 3.41% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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Waterfront Real Estate Market

Lake Norman Waterfront Real Estate Market Update March 2017

Lake Norman Waterfront Real Estate Market Update March 2017

Lake Norman Waterfront Homes
In March 2017 47 waterfront homes sold in the Lake Norman area, a 193.8% increase from the 16 Lake Norman waterfront homes sold in February 2017 and the highest March total on record. March 2017 Lake Norman waterfront home sales figures increased 88% from March 2016 when 25 Lake Norman waterfront homes sold.

The average sales price increased 17% from $739,983 in February to $866,130 in March. The March 2017 average sales price increased 4.3% from the March 2016 average sales price which was $830,200.

Average days on the market increased from 105 in February to 124 in March, an 18.1% increase in market time. The March 2016 average days on the market were 99, a 25.3% increase in market time.

Currently there are 372 active Lake Norman waterfront homes listed in the MLS with 110 also under contract, up 22.2% from March. The average list price is $1,158,667, down 1.8% from March. The lowest priced active Lake Norman waterfront home is listed at $225,000 and the highest priced Lake Norman waterfront home is listed at $8,495,000.

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Lake Norman Waterfront Condos & Townhomes
In March 2017 22 waterfront condos or townhomes sold in the Lake Norman area, a 214% increase from the 7 Lake Norman waterfront condos sold in February 2017 and the highest total since June 2004. March 2017 sales figures increased 120% from March 2016 when 10 Lake Norman waterfront condos sold.

The average sales price decreased 17.2% from $360,500 in February to $298,545 in March. The March 2017 average sales price increased 22.2% from the March 2016 average sales price which was $244,370.

Average days on the market increased 154% from 37 in February to 94 days on the market in March. The March 2016 average days on the market were 57, a 64.9% increase in market time from one year ago.

Currently there are 14 active Lake Norman waterfront condos listed in the MLS with 14 also under contract, a 7.7% increase in active inventory from March. The average list price is $382,300, up 10.8% from last month. The lowest priced active Lake Norman waterfront condo is listed at $184,900 and the highest priced active Lake Norman waterfront condo is listed at $689,000.

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Lake Norman Waterfront Lots
In March 2017 3 waterfront lots sold in the Lake Norman area, a 75% decrease from the 12 Lake Norman waterfront lots sold in February 2017. March 2017 sales figures decreased 70% from March 2016 when 10 Lake Norman waterfront lots sold.

The average sales price in March 2017 was $496,667, up 25.5% from the February 2017 average sales price which was $395,771. The March 2017 average sales price increased 56.5% from the March 2016 average sales price of $317,450.

The average days on the market decreased 50.7% from 215 days in February to 106 days on the market in March. Days on the market were down 47.5% from March 2016 when the average was 202 days on the market.

Currently there are 234 active Lake Norman waterfront lots listed in the MLS with 24 more under contract, up 33% from March. The average list price is $467,762, up 4.1% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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Waterfront Real Estate Market

Lake Norman Waterfront Real Estate Market Update February 2017

Lake Norman Waterfront Real Estate Market Update Febraury 2017

Lake Norman Waterfront Homes
In February 2017 16 waterfront homes sold in the Lake Norman area, a 33% decrease from the 24 Lake Norman waterfront homes sold in January 2017. February 2017 Lake Norman waterfront home sales figures decreased 36% from February 2016 when 25 Lake Norman waterfront homes sold.

The average sales price decreased 29.2% from $1,043,672 in January to $739,383 in February. The February 2017 average sales price decreased 15.5% from the February 2016 average sales price which was $874,888.

Average days on the market decreased from 115 in January to 105 in February, an 8.7% decrease in market time. The February 2016 average days on the market were 144, a 27.1% increase in market time.

Currently there are 341 active Lake Norman waterfront homes listed in the MLS with 90 also under contract, up 11.1% from February. The average list price is $1,179,736, up 6% from February. The lowest priced active Lake Norman waterfront home is listed at $175,000 and the highest priced Lake Norman waterfront homeis listed at $8,495,000.

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Lake Norman Waterfront Condos & Townhomes
In February 2017 7 waterfront condos or townhomes sold in the Lake Norman area, a 12.5% decrease from the 8 Lake Norman waterfront condos sold in January 2017. February 2017 sales figures decreased 22.2% from February 2016 when 9 Lake Norman waterfront condos sold.

The average sales price increased 46.4% from $246,219 in January to $360,500 in February. The February 2017 average sales price increased 67.2% from the February 2016 average sales price which was $215,611.

Average days on the market decreased 56.5% from 85 in January to 37 days on the market in February. The February 2016 average days on the market were 121, a 69.4% decrease in market time.

Currently there are 13 active Lake Norman waterfront condos listed in the MLS with 18 also under contract, an 18.8% decrease in active inventory from February. The average list price is $345,015, up 3% from last month. The lowest priced active Lake Norman waterfront condo is listed at $162,000 and the highest priced active Lake Norman waterfront condo is listed at $715,000.

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Lake Norman Waterfront Lots
In February 2017 11 waterfront lots sold in the Lake Norman area, a 450% increase from the 2 Lake Norman waterfront lots sold in January 2017. February 2017 sales figures increased 120% from February 2016 when 5 Lake Norman waterfront lots sold.

The average sales price in February 2017 was $409,932, up 197.6% from the January 2017 average sales price which was $137,750. The February 2017 average sales price increased 36.6% from the February 2016 average sales price of $300,100.

The average days on the market decreased 57.2% from 521 days in January to 223 days on the market in February. Days on the market were up 57% from February 2016 when the average was 142 days on the market.

Currently there are 222 active Lake Norman waterfront lots listed in the MLS with 18 more under contract, up 8.8% from February. The average list price is $449,550, down 5.8% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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