Lake Norman Waterfront Real Estate Market Update January 2017
Lake Norman Waterfront Homes
In January 2017 23 waterfront homes sold in the Lake Norman area, a 34.3% decrease from the 35 Lake Norman waterfront homes sold in December. January 2017 Lake Norman waterfront home sales figures increased 21.1% from January 2016 when 19 Lake Norman waterfront homes sold.
The average sales price increased 20.8% from $872,739 in December to $1,054,527 in January. The January 2017 average sales price increased 18.9% from the January 2016 average sales price which was $887,158.
Average days on the market decreased from 164 in December to 114 in January, an 30.5% decrease in market time. The January 2016 average days on the market were 86, a 32.6% increase in market time.
Currently there are 307 active Lake Norman waterfront homes listed in the MLS with 83 also under contract, up 20.3% from January. The average list price is $1,112,962, down .4% from January. The lowest priced active Lake Norman waterfront home is listed at $175,000 and the highest priced Lake Norman waterfront homeis listed at $5,000,000.
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Lake Norman Waterfront Condos & Townhomes
In January 2017 8 waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 8 Lake Norman waterfront condos sold in December 2016. January 2017 sales figures increased 100% from January 2016 when 4 Lake Norman waterfront condos sold.
The average sales price increased 1.6% from $242,256 in December to $246,219 in January. The January 2017 average sales price increased 1.4% from the January 2016 average sales price which was $242,750.
Average days on the market increased 21.4% from 70 in December to 85 days on the market in January. The January 2016 average days on the market were 214, a 60.3% decrease in market time.
Currently there are 16 active Lake Norman waterfront condos listed in the MLS with 9 also under contract, a 0% decrease from January. The average list price is $334,818, up 5% from last month. The lowest priced active Lake Norman waterfront condo is listed at $185,400 and the highest priced active Lake Norman waterfront condo is listed at $715,000.
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Lake Norman Waterfront Lots
In January 2017 2 waterfront lots sold in the Lake Norman area, an 80% decrease from the 10 Lake Norman waterfront lots sold in December. January 2017 sales figures decreased 50% from January 2016 when 4 Lake Norman waterfront lots sold.
The average sales price in January 2017 was $137,750, down 73.8% from the December 2016 average sales price which was $526,700. The January 2017 average sales price decreased 33.1% from the January 2016 average sales price of $205,988.
The average days on the market increased 234% from 156 days in December to 521 days on the market in January. Days on the market were up 42% from January 2016 when the average was 367 days on the market.
Currently there are 204 active Lake Norman waterfront lots listed in the MLS with 18 more under contract, up 0% from January. The average list price is $477,009, up 1.1% from last month. The lowest priced Lake Norman waterfront lot is listed at $60,000 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.
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