Lake Norman Real Estate Market Update December 2015

Lake Norman Real Estate Market Update December 2015

Lake Norman Homes
In December 2015 127 homes sold in the Lake Norman area, an 18.7% increase from the 107 homes sold in November. The December 2015 sales figures decreased 9.3% from December 2014 when 140 homes sold in the Lake Norman area.

The average sales price increased 7% from $451,641 in November to $483,039 in December. The December 2015 average sales price increased 6.1% from the December 2014 average sales price which was $455,440.

Average days on the market increased 15.3% from 72 days on the market in November to 83 days on the market in December. December 2014 average days on the market were 84, a 1.2% decrease in market time.

Currently there are 751 homes for sale in the Lake Norman MLS area, down 5.3% from December. The average list price is $772,850 up 2.8% from the December average list price of $751,531. The average days on the market are 227. 216 Lake Norman homes are currently under contract, up 4.9% from December.

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

Lake Norman Condos & Townhomes
In December 2015 27 condos/townhomes sold in the Lake Norman area, a 22.7% increase from the 22 condos or townhomes sold in November 2015. December 015 ales figures increased 107.7% from December 2014 when 13 Lake Norman condos sold.

The average sales price increased 21.9% from $207,404 in November 2015 to $252,882 in December 2015. The December 2015 average sales price increased 12.1% from the December 2014 average sales price which was $225,636.

Average days on the market increased 8.6% from 58 in November to 63 in December. December 2014 average days on the market were 110, a 42.7% decrease in market time.

Currently there are 80 condo/townhomes for sale in the Lake Norman MLS area, a 29% decrease from the 113 condos for sale in December. The average list price is $245,305, up 6.2% from December’s average list price of $230,996. The average days on the market are 104. 35 Lake Norman condos/townhomes are currently under contract, a 2.9% increase from December.

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

Lake Norman Lots
In December 2015 14 lots sold in the Lake Norman area, a 44% decrease from the 25 lots sold in November. December 2015 sales figures decreased 51.7% from December 2014 when 29 Lake Norman lots sold.

The average sales price decreased 22.4% from $152,832 in November to $118,543 in December. The December 2015 average sales price decreased 38.8% from the December 2014 average sales price which was $193,603.

Average days on the market increased 1.3% from 157 in November to 159 in December. The December 2014 average days on the market were 232, a 31.5% decrease in market time versus the same time period last year.

Currently there are 672 lots for sale in the Lake Norman MLS area, a decrease of 7.2% from December. The average list price is $260,488, up 5.1% from December’s average list price of $247,781. The average days on the market are 509. 61 Lake Norman area lots are currently under contract, a 38% increase from December.

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