Lake Norman Waterfront Real Estate Market Update
Lake Norman Waterfront Homes
In August 2014 48 waterfront homes sold in the Lake Norman area, a 6.7% increase from the 45 waterfront homes sold in July 2014. August 2014 waterfront sales figures increased 11.6% from August 2013 when 43 waterfront homes sold in the Lake Norman area.
The average sales price increased 16.8% from $840,580 in July 2014 to $981,984 in August 2014. August 2014 average sales price increased 31.6% from the August 2013 average sales price which was $746,347.
Average days on the market increased from 93 in July 2014 to 138 in August 2014, a 48.4% increase in market time. August 2013 average days on the market were 157, a 11.8% decrease in market time.
Currently there are 431 Lake Norman waterfront homes listed in the MLS with 45 of those under contract, down 10% from July. The average list price is $1,045,314, down 1.3% from July. The lowest priced Lake Norman waterfront home is listed at $172,000 and the highest priced Lake Norman waterfront home is listed at $9,50,000.
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Lake Norman Waterfront Condos & Townhomes
In August 2014 6 waterfront condos or townhomes sold in the Lake Norman area, a 25% decrease from the 8 waterfront condos sold in July 2014. August 2014 sales figures increased 20% from August 2013 when 5 waterfront condos sold.
The average sales price increased 10% from $258,750 in July 2014 to $285,667 in August 2014. August 2014 average sales price increased 1.5% from the August 2013 average sales price which was $284,400.
Average days on the market increased 11.9% from 42 in July 2014 to 47 in August 2014. August 2013 average days on the market were 95, a 50.5% decrease in market time.
Currently there are 60 Lake Norman waterfront condos listed in the MLS with 13 of those under contract, a 116.7% increase from July. The average list price is $263,021, down 3.1% from last month. The lowest priced Lake Norman waterfront condo is listed at $129,000 and the highest priced Lake Norman waterfront condo is listed at $815,000.
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Lake Norman Waterfront Lots
In August 2014 12 waterfront lots sold in the Lake Norman area, a 9.1% increase from the 11 waterfront lots sold in July 2014. The average sales price was $277,583, down 63.5% from the July average sales price which was $761,250. August 2014 sales figures increased 140% from August 2013 when 5 Lake Norman waterfront lots sold. The average sales price increased 51.3% from the August 2013 average sales price of $183,450.
The average days on the market increased 21.3% from July, from 136 to 165 days on the market in August. Days on the market were down 39.2% from August 2013 when the average was 272 days on the market.
Currently there are 256 Lake Norman waterfront lots listed in the MLS with 10 of those currently under contract. The average list price is $385,727, up 2.9% from last month. The lowest priced Lake Norman waterfront lot is listed at $40,000 and the highest priced Lake Norman waterfront lot is listed at $2,999,999.
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