Lake Norman Waterfront Real Estate Market Update January 2018

Lake Norman Waterfront Real Estate Market Update January 2018

Lake Norman Waterfront Homes
In January 2018 30 waterfront homes sold in the Lake Norman area, a 0% decrease from the 30 Lake Norman waterfront homes sold in December 2017. January 2018 Lake Norman waterfront home sales figures increased 20% from January 2017 when 25 Lake Norman waterfront homes sold.

The average sales price increased .6% from $912,328 in December to $917,863 in January 2018. The January 2018 average sales price decreased 9.8.% from the January 2017 average sales price which was $1,017,965.

Average days on the market decreased from 128 in December to 106 in January 2018, a 17% decrease in market time. The January 2017 average days on the market were 126, a 16% decrease in market time.

Currently there are 238 active Lake Norman waterfront homes listed in the MLS with 77 also under contract, up 17% from January. The average list price is $1,303,960 up .3% from January. The lowest priced active Lake Norman waterfront home is listed at $179,900 and the highest priced Lake Norman waterfront home is listed at $7,745,000.

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Lake Norman Waterfront Condos & Townhomes
In January 2018 4 waterfront condos or townhomes sold in the Lake Norman area, a 50% decrease from the 8 Lake Norman waterfront condos sold in December 2017. January 2018 sales figures decreased 50% from January 2017 when 8 Lake Norman waterfront condos sold.

The average sales price decreased 25% from $253,125 in December 2017 to $189,475 in January 2018. The January 2018 average sales price decreased 23% from the January 2017 average sales price which was $246,219.

Average days on the market decreased 34% from 47 in December 2017 to 31 days on the market in January 2018. The January 2017 average days on the market were 85, a 63.5% decrease in market time from one year ago.

Currently there are 18 active Lake Norman waterfront condos listed in the MLS with 7 also under contract, a 20% increase in active inventory from January. The average list price is $389,499, down 7.5% 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.

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Lake Norman Waterfront Lots
In January 2018 6 waterfront lots sold in the Lake Norman area, a 0% decrease from the 6 Lake Norman waterfront lots sold in December 2017. January 2018 sales figures increased 200% from January 2017 when 2 Lake Norman waterfront lots sold.

The average sales price in January 2018 was $366,917, up 6.5% from the December 2017 average sales price which was $344,400. The January 2018 average sales price increased 166.4% from the January 2017 average sales price of $137,750.

The average days on the market increased 17.6% from 142 days in December to 167 days on the market in January 2018. Days on the market were down 67.9% from January 2017 when the average was 521 days on the market.

Currently there are 216 active Lake Norman waterfront lots listed in the MLS with 18 more under contract, up 0% from January. The average list price is $487,350, down .5% 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.

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