Lake Norman Waterfront Market Update June 2015
Lake Norman Waterfront Homes
In June 2015 46 waterfront homes sold in the Lake Norman area, a 17.9% increase from the 39 Lake Norman waterfront homes sold in May 2015. June 2015 Lake Norman waterfront home sales figures decreased 17.9% from June 2014 when 56 Lake Norman waterfront homes sold.
The average sales price decreased 8.3% from $936,904 in May to $859,101 in June. The June 2015 average sales price increased 11.2% from the June 2014 average sales price which was $772,465.
Average days on the market decreased from 111 in May to 102 in June, a 8.1% decrease in market time. The June 2014 average days on the market were 104, a 1.9% decrease in market time.
Currently there are 485 Lake Norman waterfront homes listed in the MLS with 82 of those under contract, up 1.2% from June. The average list price is $1,076,288, up 1.2% from June. The lowest priced Lake Norman waterfront home is listed at $82,900 and the highest priced Lake Norman waterfront home is listed at $7,950,000.
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Lake Norman Waterfront Condos & Townhomes
In June 2015 10 waterfront condos or townhomes sold in the Lake Norman area, a 44.4% decrease from the 18 Lake Norman waterfront condos sold in May. June 2015 sales figures increased 11.1% from June 2014 when 9 Lake Norman waterfront condos sold.
The average sales price decreased .2% from $236,142 in May to $235,575 in June. The June 2015 average sales price increased 14.5% from the June 2014 average sales price which was $205,822.
Average days on the market decreased 23.1% from 104 in May to 80 in June. The June 2014 average days on the market were 52, a 53.8% increase in market time.
Currently there are 60 Lake Norman waterfront condos listed in the MLS with 16 of those under contract, a 11.1% decrease from June. The average list price is $292,350, up 2.2% from last month. The lowest priced Lake Norman waterfront condo is listed at $133,500 and the highest priced Lake Norman waterfront condo is listed at $830,000.
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Lake Norman Waterfront Lots
In June 13 waterfront lots sold in the Lake Norman area, a 62.5% increase from the 8 waterfront lots sold in May. The average sales price was $344,462, down 15.9% from the May average sales price which was $409,750. June 2015 sales figures increased 116.7% from June 2014 when 6 Lake Norman waterfront lots sold. The average sales price increased 37.3% from the June 2014 average sales price of $250,833.
The average days on the market decreased 32.3% from 294 days in May to 199 days on the market in June. Days on the market were down 20.7% from June 2014 when the average was 251 days on the market.
Currently there are 273 Lake Norman waterfront lots listed in the MLS with 20 of those currently under contract, down 23.1% from June. The average list price is $443,088, up 3.9% from last month. The lowest priced Lake Norman waterfront lot is listed at $45,000 and the highest priced Lake Norman waterfront lot is listed at $3,900,000.
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