Lake Norman Waterfront Market Update November 2015

Lake Norman Waterfront Real Estate Market Update November 2015

Lake Norman Waterfront Homes
In November 2015 23 waterfront homes sold in the Lake Norman area, a 39.5% decrease from the 38 Lake Norman waterfront homes sold in October 2015. November 2015 Lake Norman waterfront home sales figures decreased 17.9% from November 2014 when 28 Lake Norman waterfront homes sold.

The average sales price decreased 17.4% from $819,986 in October to $677,133 in November. The November 2015 average sales price decreased 7.5% from the November 2014 average sales price which was $732,404.

Average days on the market decreased from 125 in October to 114 in November, an 8.8% decrease in market time. The November 2014 average days on the market were 118, a 3.4% decrease in market time.

Currently there are 348 Lake Norman waterfront homes listed in the MLS with 59 of those under contract, down 13.2% from November. The average list price is $1,188,548, up 3.6% from November. The lowest priced Lake Norman waterfront home is listed at $144,900 and the highest priced Lake Norman waterfront home is listed at $7,950,000.

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Lake Norman Waterfront Condos & Townhomes
In November 2015 7 waterfront condos or townhomes sold in the Lake Norman area, a 12.5% decrease from the 8 Lake Norman waterfront condos sold in October. November 2015 sales figures decreased 30% from November 2014 when 10 Lake Norman waterfront condos sold.

The average sales price decreased .4% from $245,750 in October to $244,786 in November. The November 2015 average sales price decreased 17.4% from the November 2014 average sales price which was $296,450.

Average days on the market increased 47.5% from 61 in October to 90 days on the market in November. The November 2014 average days on the market were 121, a 25.6% decrease in market time.

Currently there are 41 Lake Norman waterfront condos listed in the MLS with 8 of those under contract, a 33% decrease from November. The average list price is $282,744, down 3.3% from last month. The lowest pricedLake Norman waterfront condo is listed at $118,900 and the highest priced Lake Norman waterfront condois listed at $729,000.

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Lake Norman Waterfront Lots
In November 7 waterfront lots sold in the Lake Norman area, a 30% decrease from the 10 waterfront lots sold in October. The average sales price was $429,000, down 1.2% from the October average sales price which was $434,350. November 2015 sales figures decreased 12.5% from November 2014 when 8 Lake Norman waterfront lots sold. The average sales price increased 22.9% from the November 2014 average sales price of $349,063.

The average days on the market decreased 26.4% from 235 days in October to 173 days on the market in November. Days on the market were up 18.5% from November 2014 when the average was 146 days on the market.

Currently there are 232 Lake Norman waterfront lots listed in the MLS with 10 of those currently under contract, down 44% from November. The average list price is $470,468, up 4.2% from last month. The lowest priced Lake Norman waterfront lot is listed at $59,000 and the highest priced Lake Norman waterfront lot is listed at $3,750,000.

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