Lake Norman Waterfront Real Estate Market Update September 2014

Lake Norman Real Estate Market Update

Lake Norman Waterfront Homes
In September 2014 41 waterfront homes sold in the Lake Norman area, a 16.3% decrease from the 49 Lake Norman waterfront homes sold in August 2014. September 2014 waterfront sales figures increased 7.9% from September 2013 when 38 waterfront homes sold in the Lake Norman area.

The average sales price decreased 8.4% from $996,841 in August 2014 to $912,617 in September 2014. September 2014 average sales price increased 18.5% from the September 2013 average sales price which was $770,132.

Average days on the market decreased from 136 in August 2014 to 99 in September 2014, a 27.2% decrease in market time. September 2013 average days on the market were 94, a 5.2% increase in market time.

Currently there are 453 Lake Norman waterfront homes listed in the MLS with 69 of those under contract, up 53.3% from August. The average list price is $1,073,535, up 2.7% from August. The lowest priced Lake Norman waterfront home is listed at $129,900 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

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Lake Norman Waterfront Condos & Townhomes
In September 2014 11 waterfront condos or townhomes sold in the Lake Norman area, a 83.3% increase from the 6 Lake Norman waterfront condos sold in August 2014. September 2014 sales figures increased 10% from September 2013 when 10 waterfront condos sold.

The average sales price decreased 24.9% from $285,667 in August 2014 to $214,432 in September 2014. September 2014 average sales price increased 8.1% from the September 2013 average sales price which was $198,300.

Average days on the market increased 249% from 47 in August 2014 to 164 in September 2014. September 2013 average days on the market were 150, a 9.4% decrease in market time.

Currently there are 55 Lake Norman waterfront condos listed in the MLS with 9 of those under contract, a 30.8% decrease from August. The average list price is $263,021, up .6% from last month. The lowest priced Lake Norman waterfront condo is listed at $133,000 and the highest priced Lake Norman waterfront condo is listed at $879,000.

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Lake Norman Waterfront Lots
In September 2014 7 waterfront lots sold in the Lake Norman area, a 41.7% decrease from the 12 waterfront lots sold in August 2014. The average sales price was $148,557, down 46.5% from the August average sales price which was $277,583. September 2014 sales figures increased 75% from September 2013 when 4 Lake Norman waterfront lots sold. The average sales price decreased 25% from the September 2013 average sales price of $198,125.

The average days on the market decreased 32.1% from August, from 165 to 112 days on the market in September. Days on the market were down 62.1% from September 2013 when the average was 295 days on the market.

Currently there are 258 Lake Norman waterfront lots listed in the MLS with 10 of those currently under contract. The average list price is $419,878, up 8.9% from last month. The lowest priced Lake Norman waterfront lot is listed at $49,900 and the highest priced Lake Norman waterfront lot is listed at $4,200,000.

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