Lake Norman Waterfront Market Update October 2015

Lake Norman Waterfront Market Update October 2015

Lake Norman Waterfront Homes
In October 2015 38 waterfront homes sold in the Lake Norman area, a 17.4% decrease from the 46 Lake Norman waterfront homes sold in September 2015. October 2015 Lake Norman waterfront home sales figures decreased 9.5% from October 2014 when 42 Lake Norman waterfront homes sold.

The average sales price decreased 6.3% from $875,120 in September to $819,986 in October. The October 2015 average sales price decreased 4.2% from the October 2014 average sales price which was $855,541.

Average days on the market increased from 136 in September to 125 in October, an 8.1% increase in market time. The October 2014 average days on the market were 120, a 4.2% increase in market time.

Currently there are 384 Lake Norman waterfront homes listed in the MLS with 68 of those under contract, up 4.6% from October. The average list price is $1,147,653, up 1.5% from October. 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 October 2015 8 waterfront condos or townhomes sold in the Lake Norman area, a 46.7% decrease from the 15 Lake Norman waterfront condos sold in September. October 2015 sales figures decreased 11.1% from October 2014 when 9 Lake Norman waterfront condos sold.

The average sales price decreased 16.4% from $293,853 in September to $245,750 in October. The October 2015 average sales price increased 17.1% from the October 2014 average sales price which was $209,778.

Average days on the market increased 1.7% from 60 in September to 61 in October. The October 2014 average days on the market were 85, a 28.2% decrease in market time.

Currently there are 50 Lake Norman waterfront condos listed in the MLS with 12 of those under contract, a 20% decrease from October. The average list price is $292,283, up .8% from last month. The lowest pricedLake Norman waterfront condo is listed at $118,900 and the highest priced Lake Norman waterfront condois listed at $765,000.

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Lake Norman Waterfront Lots
In October 10 waterfront lots sold in the Lake Norman area, a 33% decrease from the 15 waterfront lots sold in September. The average sales price was $434,350, up 3.8% from the September average sales price which was $418,393. October 2015 sales figures increased 42.9% from October 2014 when 7 Lake Norman waterfront lots sold. The average sales price increased 61.6% from the October 2014 average sales price of $268,756.

The average days on the market increased 85% from 127 days in September to 235 days on the market in October. Days on the market were down 11% from October 2014 when the average was 264 days on the market.

Currently there are 235 Lake Norman waterfront lots listed in the MLS with 18 of those currently under contract, down 5.3% from October. The average list price is $451,582, down 3.3% from last month. The lowest priced Lake Norman waterfront lot is listed at $20,000 and the highest priced Lake Norman waterfront lot is listed at $2,999,999.

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