Lake Norman Waterfront Real Estate Market Update January 2016

Lake Norman Waterfront Real Estate Market Update January 2016

Lake Norman Waterfront Homes
In January 2016 19 waterfront homes sold in the Lake Norman area, a 26.3% decrease from the 24 Lake Norman waterfront homes sold in December 2015. January 2016 Lake Norman waterfront home sales figures increased 26.7% from January 2015 when 15 Lake Norman waterfront homes sold.

The average sales price decreased 6% from $943,708 in December to $887,158 in January. The January 2016 average sales price increased 29.1% from the January 2015 average sales price which was $686,960.

Average days on the market decreased from 103 in December to 86 in January, a 16.5% decrease in market time. The January 2015 average days on the market were 132, a 34.8% decrease in market time.

Currently there are 310 active Lake Norman waterfront homes listed in the MLS with 59 also under contract, down 5.4% from January. The average list price is $1,183,657, down .7% from January. The lowest priced Lake Norman waterfront home is listed at $144,900 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes
In January 2016 3 waterfront condos or townhomes sold in the Lake Norman area, a 66.7% decrease from the 9 Lake Norman waterfront condos sold in December 2015. January 2016 sales figures decreased 40% from January 2015 when 5 Lake Norman waterfront condos sold.

The average sales price decreased 32.6% from $377,333 in December to $254,333 in January. The January 2016 average sales price decreased 18.3% from the January 2015 average sales price which was $11,400.

Average days on the market increased 224% from 66 in December to 214 days on the market in January. The January 2015 average days on the market were 187, a 14.4% increase in market time.

Currently there are 32 active Lake Norman waterfront condos listed in the MLS with 11 also under contract, a 22% increase from January. The average list price is $315,423, up 12.9% from last month. The lowest priced active Lake Norman waterfront condo is listed at $149,900 and the highest priced active Lake Norman waterfront condo is listed at $729,000.

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Lake Norman Waterfront Lots
In January 2016 4 waterfront lots sold in the Lake Norman area, a 0% decrease from the 4 waterfront lots sold in December 2015. The average sales price was $205,988, down 10.5% from the December average sales price which was $230,250. January 2016 sales figures decreased 55.6% from January 2015 when 9 Lake Norman waterfront lots sold. The average sales price decreased 45.2% from the January 2015 average sales price of $375,856.

The average days on the market increased 240% from 108 days in December to 367 days on the market in January. Days on the market were up 143% from January 2015 when the average was 151 days on the market.

Currently there are 207 active Lake Norman waterfront lots listed in the MLS with 20 of those currently under contract, up 0% from January. The average list price is $463,303, down .6% 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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