Lake Norman Waterfront Real Estate Market Update October 2017

Lake Norman Waterfront Real Estate Market Update October 2017

Lake Norman Waterfront Homes
In October 2017 45 waterfront homes sold in the Lake Norman area, a 25% decrease from the 60 Lake Norman waterfront homes sold in September 2017. October 2017 Lake Norman waterfront home sales figures increased 18.4% from October 2016 when 38 Lake Norman waterfront homes sold.

The average sales price increased 14.5% from $889,568 in September to $1,018,911 in October. The October 2017 average sales price increased 30.5% from the October 2016 average sales price which was $780,493.

Average days on the market increased from 121 in September to 124 in October, a 2.5% increase in market time. The October 2016 average days on the market were 91, a 36.3% increase in market time.

Currently there are 277 active Lake Norman waterfront homes listed in the MLS with 79 also under contract, up 3.9% from October. The average list price is $1,279,019, up 3.8% from October. The lowest priced active Lake Norman waterfront homeis listed at $185,000 and the highest priced Lake Norman waterfront home is listed at $7,745,000.

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Lake Norman Waterfront Condos & Townhomes
In October 2017 10 waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 10 Lake Norman waterfront condos sold in September 2017. October 2017 sales figures decreased 23.1% from October 2016 when 13 Lake Norman waterfront condos sold.

The average sales price decreased 9.8% from $279,590 in September to $252,250 in October. The October 2017 average sales price decreased 1.3% from the October 2016 average sales price which was $255,615.

Average days on the market increased 28.9% from 38 in September to 49 days on the market in October. The October 2016 average days on the market were 117, a 58.1% decrease in market time from one year ago.

Currently there are 11 active Lake Norman waterfront condos listed in the MLS with 9 also under contract, a 10% increase in active inventory from October. The average list price is $296,417, up 42% from last month. The lowest priced active Lake Norman waterfront condo is listed at $184,900 and the highest priced active Lake Norman waterfront condo is listed at $950,000.

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Lake Norman Waterfront Lots
In October 2017 10 waterfront lots sold in the Lake Norman area, a 37.5% decrease from the 16 Lake Norman waterfront lots sold in September 2017. October 2017 sales figures increased 100% from October 2016 when 5 Lake Norman waterfront lots sold.

The average sales price in October 2017 was $356,350, down 16.9% from the September 2017 average sales price which was $428,719. The October 2017 average sales price decreased 6.4% from the October 2016 average sales price of $380,700.

The average days on the market increased 20.3% from 148 days in September to 178 days on the market in October. Days on the market were up 26.2% from October 2016 when the average was 141 days on the market.

Currently there are 221 active Lake Norman waterfront lots listed in the MLS with 17 more under contract, up 21.4% from October. The average list price is $481,008, up 2.5% 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 $4,500,000.

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