Lake Norman Waterfront Real Estate Market Update November 2016

Lake Norman Waterfront Real Estate Market Update November 2016

Lake Norman Waterfront Homes
In November 2016 30 waterfront homes sold in the Lake Norman area, a 21.1% decrease from the 38 Lake Norman waterfront homes sold in October. November 2016 Lake Norman waterfront home sales figures increased 30% from November 2015 when 23 Lake Norman waterfront homes sold.

The average sales price increased 3% from $780,493 in October to $804,082 in November. The November 2016 average sales price increased 18.7% from the November 2015 average sales price which was $677,133.

Average days on the market increased from 91 in October to 108 in November, an 18.7% increase in market time. The November 2015 average days on the market were 114, a 5.3% decrease in market time.

Currently there are 315 active Lake Norman waterfront homes listed in the MLS with 65 also under contract, down 16.7% from November. The average list price is $1,075,571, down .8% from November. The lowest priced active Lake Norman waterfront home is listed at $210,000 and the highest priced Lake Norman waterfront homeis listed at $5,000,000.

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Lake Norman Waterfront Condos & Townhomes
In November 10 waterfront condos or townhomes sold in the Lake Norman area, a 23.1% decrease from the 13 Lake Norman waterfront condos sold in October. November 2016 sales figures increased 42.9% from November 2015 when 7 Lake Norman waterfront condos sold.

The average sales price decreased 2.7% from $255,615 in October to $248,690 in November. The November 2016 average sales price increased 1.6% from the November 2015 average sales price which was $244,786.

Average days on the market decreased 68.4% from 117 in October to 37 days on the market in November. The November 2015 average days on the market were 90, a 58.9% decrease in market time.

Currently there are 19 active Lake Norman waterfront condos listed in the MLS with 9 also under contract, a 31% decrease from November. The average list price is $318,929, up 2.4% from last month. The lowest priced active Lake Norman waterfront condo is listed at $163,000 and the highest priced active Lake Norman waterfront condo is listed at $699,900.

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Lake Norman Waterfront Lots
In November 2016 16 waterfront lots sold in the Lake Norman area, a 220% increase from the 5 Lake Norman waterfront lots sold in October. November 2016 sales figures increased 167% from November 2015 when 6 Lake Norman waterfront lots sold.

The average sales price in November was $761,556, up 100% from the October average sales price which was $380,700. The November 2016 average sales price increased 77.5% from the November 2015 average sales price of $429,000.

The average days on the market decreased 17% from 141 days in October to 117 days on the market in November. Days on the market were down 16.4% from November 2015 when the average was 140 days on the market.

Currently there are 211 active Lake Norman waterfront lots listed in the MLS with 17 more under contract, down 29.2% from November. The average list price is $469,728, down .4% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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