Lake Norman Waterfront Real Estate Market Update April 2016

Lake Norman Waterfront Real Estate Market Update April 2016

Lake Norman Waterfront Homes
In April 2016 31 waterfront homes sold in the Lake Norman area, a 24% increase from the 25 Lake Norman waterfront homes sold in March. April 2016 Lake Norman waterfront home sales figures decreased 6.1% from April 2015 when 33 Lake Norman waterfront homes sold.

The average sales price decreased 7.7% from $830,200 in March to $770,957 in April. The April 2016 average sales price increased 4.7% from the April 2015 average sales price which was $736,264.

Average days on the market increased from 99 in March to 119 in April, a 20% increase in market time. The April 2015 average days on the market were 153, a 22.2% decrease in market time.

Currently there are 426 active Lake Norman waterfront homes listed in the MLS with 104 also under contract, up 0% from April. The average list price is $1,157,175, up 6% from April. The lowest priced Lake Norman waterfront home is listed at $150,000 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes
In April 5 waterfront condos or townhomes sold in the Lake Norman area, an 50% decrease from the 10 Lake Norman waterfront condos sold in March. April 2016 sales figures decreased 54.5% from April 2015 when 11 Lake Norman waterfront condos sold.

The average sales price increased .2% from $244,370 in March to $244,950 in April. The April 2016 average sales price increased 16.2% from the April 2015 average sales price which was $210,718.

Average days on the market increased 133% from 57 in March to 133 days on the market in April. The April 2015 average days on the market were 105, a 26.7% increase in market time.

Currently there are 50 active Lake Norman waterfront condos listed in the MLS with 6 also under contract, a 20% increase from April. The average list price is $316,598, up 1.9% from last month. The lowest priced active Lake Norman waterfront condo is listed at $154,900 and the highest priced active Lake Norman waterfront condo is listed at $725,000.

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Lake Norman Waterfront Lots
In April 2016 8 waterfront lots sold in the Lake Norman area, a 20% decrease from the 10 waterfront lots sold in March. The average sales price was $395,688, up 25% from the March average sales price which was $317,450. April 2016 sales figures decreased 11% from April 2015 when 9 Lake Norman waterfront lots sold. The average sales price increased 41.6% from the April 2015 average sales price of $279,444.

The average days on the market decreased 20% from 202 days in March to 162 days on the market in April. Days on the market were down 9.5% from April 2015 when the average was 179 days on the market.

Currently there are 247 active Lake Norman waterfront lots listed in the MLS with 30 more under contract, up 7.1% from April. The average list price is $486,471, down 1.3% from last month. The lowest priced Lake Norman waterfront lot is listed at $55,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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