Lake Norman Waterfront Real Estate Market Update December 2017

Lake Norman Waterfront Real Estate Market Update
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Lake Norman Waterfront Real Estate Market Update December 2017

Lake Norman Waterfront Homes
In December 2017 30 waterfront homes sold in the Lake Norman area, a 21% decrease from the 38 Lake Norman waterfront homes sold in November 2017. December 2017 Lake Norman waterfront home sales figures decreased 14.3% from December 2016 when 35 Lake Norman waterfront homes sold.

The average sales price decreased 5.1% from $960,854 in November to $912,328 in December. The December 2017 average sales price increased 4.5% from the December 2016 average sales price which was $872,739.

Average days on the market decreased from 100 in November to 128 in December, a 28% increase in market time. The December 2016 average days on the market were 164, a 22% decrease in market time.

Currently there are 244 active Lake Norman waterfront homes listed in the MLS with 66 also under contract, down 8.3% from December. The average list price is $1,300,613 up 1.3% from December. The lowest priced active Lake Norman waterfront home is listed at $185,000 and the highest priced Lake Norman waterfront home is listed at $7,745,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Stay up to date on the Lake Norman real estate market with our free market updates.

Lake Norman Waterfront Condos & Townhomes
In December 2017 8 waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 8 Lake Norman waterfront condos sold in November 2017. December 2017 sales figures decreased 0% from December 2016 when 8 Lake Norman waterfront condos sold.

The average sales price decreased 15% from $297,800 in November to $253,125 in December. The December 2017 average sales price increased 4.5% from the December 2016 average sales price which was $242,256.

Average days on the market increased 38.3% from 29 in November to 47 days on the market in December. The December 2016 average days on the market were 70, a 32.9% decrease in market time from one year ago.

Currently there are 13 active Lake Norman waterfront condos listed in the MLS with 5 also under contract, a 23.5% decrease in active inventory from December. The average list price is $421,238, up 5.4% from last month. The lowest priced active Lake Norman waterfront condo is listed at $209,000 and the highest priced active Lake Norman waterfront condo is listed at $925,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Stay up to date on the Lake Norman real estate market with our free market updates.

Lake Norman Waterfront Lots
In December 2017 6 waterfront lots sold in the Lake Norman area, a 0% decrease from the 6 Lake Norman waterfront lots sold in November 2017. December 2017 sales figures decreased 40% from December 2016 when 10 Lake Norman waterfront lots sold.

The average sales price in December 2017 was $344,400, down 23.2% from the November 2017 average sales price which was $448,167. The December 2017 average sales price decreased 434.6% from the December 2016 average sales price of $526,700.

The average days on the market decreased 41.6% from 243 days in November to 142 days on the market in December. Days on the market were down 9% from December 2016 when the average was 156 days on the market.

Currently there are 221 active Lake Norman waterfront lots listed in the MLS with 18 more under contract, up 12.5% from December. The average list price is $489,803, down 2.1% from last month. The lowest priced Lake Norman waterfront lot is listed at $49,700 and the highest priced Lake Norman waterfront lot is listed at $4,500,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

Stay up to date on the Lake Norman real estate market with our free market updates.


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