March 2015 Lake Norman Waterfront Market Update
Lake Norman Waterfront Homes
In March 2015 27 waterfront homes sold in the Lake Norman area, a 22.7% increase from the 22 Lake Norman waterfront homes sold in February 2015. March 2015 Lake Norman waterfront home sales figures increased 35% from March 2014 when 20 Lake Norman waterfront homes sold.
The average sales price decreased 16.5% from $827,541 in February to $691,113 in March. The March 2015 average sales price increased 35.7% from the March 2014 average sales price which was $1,074,109.
Average days on the market decreased from 148 in February to 113 in March, a 23.6% decrease in market time. The March 2014 average days on the market were 101, a 11.9% increase in market time.
Currently there are 441 Lake Norman waterfront homes listed in the MLS with 79 of those under contract, up 16.2% from February. The average list price is $1,060,737, down 1.1% from February. The lowest priced Lake Norman waterfront home is listed at $100,000 and the highest priced Lake Norman waterfront home is listed at $5,400,000.
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Lake Norman Waterfront Condos & Townhomes
In March 2015 5 waterfront condos or townhomes sold in the Lake Norman area, a 16.7% decrease from the 6 Lake Norman waterfront condos sold in February. March 2015 sales figures increased 0% from March 2014 when 5 waterfront condos sold.
The average sales price decreased 15.1% from $232,000 in February 2014 to $196,900 in March. The March 2015 average sales price decreased 8.4% from the March 2014 average sales price which was $215,050.
Average days on the market increased 112.3% from 65 in February to 138 in March. The March 2014 average days on the market were 210, a 34.3% decrease in market time.
Currently there are 75 Lake Norman waterfront condos listed in the MLS with 19 of those under contract, a 58.3% increase from February. The average list price is $264,617, up 1.2% from last month. The lowest priced Lake Norman waterfront condo is listed at $119,900 and the highest priced Lake Norman waterfront condo is listed at $830,000.
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Lake Norman Waterfront Lots
In March 14 waterfront lots sold in the Lake Norman area, a 100% increase from the 7 waterfront lots sold in February. The average sales price was $315,957, down 23.8% from the February average sales price which was $414,500. March 2015 sales figures increased 600% from March 2014 when 2 Lake Norman waterfront lots sold. The average sales price increased 108.6 from the March 2014 average sales price of $151,500.
The average days on the market increased 56% from 186 days in February to 290 days on the market in March. Days on the market were up 61.1% from March 2014 when the average was 180 days on the market.
Currently there are 258 Lake Norman waterfront lots listed in the MLS with 30 of those currently under contract. The average list price is $459,364, down .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 $5,900,000.
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