Lake Norman Waterfront Real Estate Update April 2018

Lake Norman Waterfront Real Estate Update April 2018

Lake Norman Waterfront Homes

In April 2018 46 waterfront homes sold in the Lake Norman area, a 92% increase from the 24 Lake Norman waterfront homes sold in March 2018. April 2018 Lake Norman waterfront home sales figures increased 58.6% from April 2017 when 29 Lake Norman waterfront homes sold.

The average sales price increased 20.6% from $969,046 in March to $1,168,601 in April. The April 2018 average sales price increased 35.% from the April 2017 average sales price which was $866,237.

Average days on the market decreased from 118 in March to 107 in April, a 9.3% decrease in market time. The April 2017 average days on the market were 107, a 0% decrease in market time.

Currently there are 300 active Lake Norman waterfront homes listed in the MLS, up 6.8% from April, with 112 also under contract, up 8.7% from April. The average list price is $1,260,965 up 7.7% from April. The lowest priced active Lake Norman waterfront home is listed at $162,500 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In April 2018 10 waterfront condos or townhomes sold in the Lake Norman area, a 43% increase from the 7 Lake Norman waterfront condos sold in March 2018. April 2018 sales figures increased 25% from April 2017 when 8 Lake Norman waterfront condos sold.

The average sales price increased 9.6% from $335,014 in March to $367,250 in April. The April 2018 average sales price increased 3.3% from the April 2017 average sales price which was $355,363.

Average days on the market increased 100% from 22 in March to 44 days on the market in April. The April 2017 average days on the market were 69, a 36% decrease in market time from one year ago.

Currently there are 24 active Lake Norman waterfront condos listed in the MLS, a 26% increase in active inventory from April, with 14 also under contract, down 6.7% from April. The average list price is $346,483, down 2.2% from last month. The lowest priced active Lake Norman waterfront condo is listed at $235,000 and the highest priced active Lake Norman waterfront condo is listed at $875,000.

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Lake Norman Waterfront Lots

In April 2018 6 waterfront lots sold in the Lake Norman area, a 20% increase from the 5 Lake Norman waterfront lots sold in March 2018. April 2018 sales figures decreased 33% from April 2017 when 9 Lake Norman waterfront lots sold.

The average sales price in April was $339,783, up 7.7% from the March average sales price which was $315,500. The April 2018 average sales price decreased 19% from the April 2017 average sales price of $419,722.

The average days on the market increased 66.5% from 182 days in March to 303 days on the market in April. Days on the market were up 35.9% from April 2017 when the average was 223 days on the market.

Currently there are 226 active Lake Norman waterfront lots listed in the MLS, up .8.7% from April, with 26 more under contract. The average list price is $481,395, down 1.6% from last month. The lowest priced Lake Norman waterfront lot is listed at $50.000 and the highest priced Lake Norman waterfront lot is listed at $4,500,000.

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