Lake Norman Waterfront Real Estate Update June 2019

Lake Norman Waterfront Real Estate Update June 2019

Lake Norman Waterfront Homes

In June 2019 59 waterfront homes sold in the Lake Norman area, a 11.3% increase from the 53 Lake Norman waterfront homes sold in May 2019. June 2019 Lake Norman waterfront home sales figures decreased 6.3% from June 2018 when 63 Lake Norman waterfront homes sold.

The average sales price increased by 24.7% from $923,988 in May to $1,152,267 in June 2019. The June 2019 average sales price increased 29.5% from the June 2018 average sales price which was $889,602.

Average days on the market decreased from 89 in May to 95 in June 2019, a 6.7% increase in market time. The June 2018 average days on the market were 92, a 3.3% increase in market time from one year ago.

Currently, there are 297 active Lake Norman waterfront homes listed in the MLS, up 2.4% from June. There are 76 Lake Norman waterfront homes under contract, down 1.3% from June. The average list price of active listings is $1,267,611 down 2.4% from June’s average list price of $1,298,831. The lowest-priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 5.5 months of inventory, we are currently in a balanced market for Lake Norman waterfront homes.

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Lake Norman Waterfront Condos & Townhomes

In June 2019 19 waterfront condos or townhomes sold in the Lake Norman area, a 171% increase from the 7 Lake Norman waterfront condos sold in May 2019. June 2019 sales figures increased 138% from June 2018 when 8 Lake Norman waterfront condos sold.

The average sales price increased by 4.3% from $292,186 in May to $304,837 in June 2019. The June 2019 average sales price increased 12.7% from the June 2018 average sales price which was $270,500.

Average days on the market decreased by 9.7% from 72 in May to 65 days on the market in June 2019. The June 2018 average days on the market were 44 a 47.7% increase in market time from one year ago.

Currently there are 37 active Lake Norman waterfront condos listed in the MLS, a 12.1% increase in active inventory from June. There are 19 Lake Norman waterfront condos under contract, down 17.4% from June. The average list price of active listings is $334,708, down 6.9% from last months average list price of $359,566. The lowest-priced active Lake Norman waterfront condo is listed at $174,900 and the highest priced active Lake Norman waterfront condo is listed at $990,000. Based on this data, 1.9 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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Lake Norman Waterfront Lots

In June 2019 8 waterfront lots sold in the Lake Norman area, a 20% decrease from the 10 Lake Norman waterfront lots sold in May 2019. June 2019 sales figures decreased 11.1% from June 2018 when 9 Lake Norman waterfront lots sold.

The average sales price in June 2019 was $397,175, up 37% from the May 2019 average sales price which was $289,890 The June 2019 average sales price increased 35% from the June 2018 average sales price of $294,389.

The average days on the market increased by 96.4% from 137 days in May to 269 days on the market in June 2019. Days on the market were down 11.2% from June 2018 when the average was 303 days on the market.

Currently, there are 224 active Lake Norman waterfront lots listed in the MLS, up 0% from June. There are 23 Lake Norman waterfront lots under contract, up 21% from June. The average list price is $508,271, up 3.1% from last month. The lowest-priced Lake Norman waterfront lot is listed at $50.000 and the highest priced Lake Norman waterfront lot is listed at $4,900,000. Based on this data, 7.7 months of inventory, we are currently in a balanced market for Lake Norman waterfront lots.

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Lake Norman Real Estate Market Update June 2019

Lake Norman Real Estate Update June 2019

Lake Norman Homes

In June 2019 230 homes sold in the Lake Norman area,  a 5.3% decrease from the 243 homes sold in May 2019. The June 2019 sales figures decreased 12.9% from June 2018  when 264 homes sold in the Lake Norman real estate market.

The average sales price increased by 15.8% from $522,388 in May to $604,809 in June 2019. The June 2019 average sales price increased 12% from the June 2018 average sales price which was $540,025.

Average days on the market decreased by 1.4% from 72 days on the market in May to 71 days on the market in June 2019. The June 2018 average days on the market were 71, a 0% increase in market time from last year.

Currently, there are 805 active homes for sale in the Lake Norman MLS area, up 3.9% from June. The average list price is $782,200 down 2.4% from the June average list price of $801,362. The average days on the market are 141.  There are 339 Lake Norman homes currently under contract, down 11.3% from June. Based on this data we are currently in a seller’s market, 3.5 months of inventory, in the Lake Norman real estate market.

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Lake Norman Condos & Townhomes

In June 2019 37 condos/townhomes sold in the Lake Norman area, a 42.3% increase from the 26 condos or townhomes sold in May 2019. June 2019 sales figures decreased 0% from June 2018 when 37 Lake Norman condos sold.

The average sales price increased by 3.1% from $252,906 in May to $260,819 in June 2019. The June 2019 average sales price increased 20.3% from the June 2018 average sales price which was $216,871.

Average days on the market increased by 40% from 40 in May to 56 in June 2019. The June 2018 average days on the market were 22, a  155% increase in market time from one year ago.

Currently, there are 83 active condo/townhome listings for sale in the Lake Norman MLS area, an 11.7% decrease from the 94 active condos for sale in June. The average list price is $387,944, down 1.1% from June’s average list price of $392,279. The average days on the market are 89. There are 61 Lake Norman condos/townhomes currently under contract, a 7% increase from June. Based on this months data we are currently in seller’s market, only 2.2 months of inventory, in the Lake Norman condo market.

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Lake Norman Land & Lots

In June 2019 16 lots sold in the Lake Norman area, a 38.5% decrease from the 26 lots sold in May 2019. June 2019 sales figures decreased 42.9% from June 2018 when 28 Lake Norman lots sold.

The average sales price increased by 40.6% from $161,040 in May to $226,462 in June 2019. The June 2019 average sales price increased 63.3% from the June 2018 average sales price which was $138,657.

Average days on the market increased by 19.5% from 205 in May to 245 in June 2019. The June 2018 average days on the market were 227, a 7.9% increase in market time versus the same time period last year.

Currently, there are 544 active lot listings for sale in the Lake Norman MLS area, a decrease of 2.2% from June. The average list price is $321,610, up 5.7% from June’s average list price of $304,208. The average days on the market are 443. There are 71 Lake Norman area lots currently under contract, a 6% increase from June. Based on this data, 34 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Waterfront Real Estate Update May 2019

Lake Norman Waterfront Real Estate Update May 2019

Lake Norman Waterfront Homes

In May 2019 53 waterfront homes sold in the Lake Norman area, a 35.9% increase from the 39 Lake Norman waterfront homes sold in April 2019. May 2019 Lake Norman waterfront home sales figures increased 6% from May 2018 when 50 Lake Norman waterfront homes sold.

The average sales price decreased by 17.7% from $1,122,648 in April to $923,988 in May 2019. The May 2019 average sales price decreased 11.1% from the May 2018 average sales price which was $1,040,103.

Average days on the market decreased from 98 in April to 89 in May 2019, a 9.2% decrease in market time. The May 2018 average days on the market were 84, a 6% increase in market time from one year ago.

Currently, there are 290 active Lake Norman waterfront homes listed in the MLS, down .3% from May. There are 77 Lake Norman waterfront homes under contract, down 15.4% from May. The average list price of active listings is $1,298,831 down .4% from May’s average list price of $1,303,852. The lowest priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 5.5 months of inventory, we are currently in a balanced market for Lake Norman waterfront homes.

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Lake Norman Waterfront Condos & Townhomes

In May 2019 7 waterfront condos or townhomes sold in the Lake Norman area, a 12.5% decrease from the 8 Lake Norman waterfront condos sold in April 2019. May 2019 sales figures decreased 41.7% from May 2018 when 12 Lake Norman waterfront condos sold.

The average sales price decreased by 22% from $374,750 in April to $292,186 in May 2019. The May 2019 average sales price increased 7.9% from the May 2018 average sales price which was $270,742.

Average days on the market decreased by 28% from 100 in April to 72 days on the market in May 2019. The May 2018 average days on the market were 36 a 100% increase in market time from one year ago.

Currently there are 33 active Lake Norman waterfront condos listed in the MLS, a 13.2% decrease in active inventory from May. There are 23 Lake Norman waterfront condos under contract, up 64.3% from May. The average list price of active listings is $359,566, up 6.2% from last months average list price of $338,584. The lowest priced active Lake Norman waterfront condo is listed at $215,000 and the highest priced active Lake Norman waterfront condo is listed at $990,000. Based on this data, 2.7 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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Lake Norman Waterfront Lots

In May 2019 10 waterfront lots sold in the Lake Norman area, a 25% increase from the 8 Lake Norman waterfront lots sold in April 2019. May 2019 sales figures increased 66.7% from May 2018 when 6 Lake Norman waterfront lots sold.

The average sales price in May 2019 was $289,890, down 5.2% from the April 2019 average sales price which was $305,688 The May 2019 average sales price increased 42% from the May 2018 average sales price of $204,167.

The average days on the market increased by 33% from 103 days in April to 137 days on the market in May 2019. Days on the market were down .7% from May 2018 when the average was 138 days on the market.

Currently, there are 224 active Lake Norman waterfront lots listed in the MLS, up .4% from May. There are 19 Lake Norman waterfront lots under contract, down 0% from May. The average list price is $492,957, up 3.9% from last month. The lowest priced Lake Norman waterfront lot is listed at $50.000 and the highest priced Lake Norman waterfront lot is listed at $4,900,000. Based on this data, 7.7 months of inventory, we are currently in a balanced market for Lake Norman waterfront lots.

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Lake Norman Real Estate Market Update May 2019

Lake Norman Real Estate Update May 2019

Lake Norman Homes

In May 2019 242 homes sold in the Lake Norman area,  a 27.4% increase from the 190 homes sold in April 2019. The May 2019 sales figures increased 10.5% from May 2018  when 219 homes sold in the Lake Norman real estate market.

The average sales price decreased by 7.6% from $565,870 in April to $522,853 in May 2019. The May 2019 average sales price decreased 4.8% from the May 2018 average sales price which was $549,058.

Average days on the market decreased by 0% from 72 days on the market in April to 72 days on the market in May 2019. The May 2018 average days on the market were 69, a 4.3% increase in market time from last year.

Currently, there are 775 active homes for sale in the Lake Norman MLS area, up .1% from May. The average list price is $801,362 down 1.2% from the May average list price of $811,386. The average days on the market are 140.  There are 382 Lake Norman homes currently under contract, down 9.7% from May. Based on this data we are currently in a seller’s market, 3.2 months of inventory, in the Lake Norman real estate market.

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Lake Norman Condos & Townhomes

In May 2019 26 condos/townhomes sold in the Lake Norman area, a 27.8% decrease from the 36 condos or townhomes sold in April 2019. May 2019 sales figures decreased 16.1% from May 2018 when 31 Lake Norman condos sold.

The average sales price decreased by 4.4% from $264,580 in April to $252,906 in May 2019. The May 2019 average sales price increased 11.4% from the May 2018 average sales price which was $226,931.

Average days on the market decreased by 29.8% from 57 in April to 40 in May 2019. The May 2018 average days on the market were 25, a  60% increase in market time from one year ago.

Currently, there are 94 active condo/townhome listings for sale in the Lake Norman MLS area, a 5.6% increase from the 89 active condos for sale in May. The average list price is $392,279, up 28.9% from May’s average list price of $304,400. The average days on the market are 84. There are 57 Lake Norman condos/townhomes currently under contract, a 28.9% increase from May. Based on this months data we are currently in seller’s market, only 3.6 months of inventory, in the Lake Norman condo market.

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Lake Norman Land & Lots

In May 2019 26 lots sold in the Lake Norman area, a 23.8% increase from the 21 lots sold in April 2019. May 2019 sales figures increased 36.8% from May 2018 when 19 Lake Norman lots sold.

The average sales price decreased by 4.1% from $167,876 in April to $161,040 in May 2019. The May 2019 average sales price increased 48.4% from the May 2018 average sales price which was $108,517.

Average days on the market increased by 32.3% from 155 in April to 205 in May 2019. The May 2018 average days on the market were 273, a 25% decrease in market time versus the same time period last year.

Currently, there are 556 active lot listings for sale in the Lake Norman MLS area, an increase of 1.1% from May. The average list price is $304,208, up 2.6% from May’s average list price of $296,583. The average days on the market are 422. There are 67 Lake Norman area lots currently under contract, an 11.7% increase from May. Based on this data, 6 months of inventory, we are in a balanced market for Lake Norman lots & land.

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