Lake Norman Waterfront Real Estate Market Update December 2015

Lake Norman Waterfront Real Estate Market Update December 2015

Lake Norman Waterfront Homes
In December 2015 24 waterfront homes sold in the Lake Norman area, a 4.3% increase from the 23 Lake Norman waterfront homes sold in November 2015. December 2015 Lake Norman waterfront home sales figures decreased 17.2% from December 2014 when 29 Lake Norman waterfront homes sold.

The average sales price increased 39.4% from $677,133 in November to $943,708 in December. The December 2015 average sales price increased 9% from the December 2014 average sales price which was $865,831.

Average days on the market decreased from 114 in November to 103 in December, an 9.6% decrease in market time. The December 2014 average days on the market were 140, a 26.4% decrease in market time.

Currently there are 341 Lake Norman waterfront homes listed in the MLS with 56 of those under contract, down 5.1% from December. The average list price is $1,192,590, up .3% from December. 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 December 2015 9 waterfront condos or townhomes sold in the Lake Norman area, a 28.6% increase from the 7 Lake Norman waterfront condos sold in November. December 2015 sales figures increased 125% from December 2014 when 4 Lake Norman waterfront condos sold.

The average sales price increased 54.1% from $244,786 in November to $377,333 in December. The December 2015 average sales price increased 14.6% from the December 2014 average sales price which was $329,375.

Average days on the market decreased 26.7% from 90 in November to 66 days on the market in December. The December 2014 average days on the market were 73, a 9.6% decrease in market time.

Currently there are 44 Lake Norman waterfront condos listed in the MLS with 9 of those under contract, a 12.5% increase from December. The average list price is $279,389, down 1.2% from last month. The lowest pricedLake Norman waterfront condo is listed at $135,000 and the highest priced Lake Norman waterfront condo is listed at $729,000.

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Lake Norman Waterfront Lots
In December 4 waterfront lots sold in the Lake Norman area, a 42.9% decrease from the 7 waterfront lots sold in November. The average sales price was $230,250, down 46.3% from the November average sales price which was $429,000. December 2015 sales figures decreased 71.4% from December 2014 when 14 Lake Norman waterfront lots sold. The average sales price decreased 24% from the December 2014 average sales price of $303,143.

The average days on the market decreased 22.9% from 140 days in November to 108 days on the market in December. Days on the market were down 59.1% from December 2014 when the average was 264 days on the market.

Currently there are 216 Lake Norman waterfront lots listed in the MLS with 20 of those currently under contract, up 100% from December. The average list price is $466,127, down .9% 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 $3,750,000.

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