Lake Norman Waterfront Real Estate Update August 2018

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Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Real Estate Update August 2018

Lake Norman Waterfront Homes

In August 2018 58 waterfront homes sold in the Lake Norman area, a 21% increase from the 48 Lake Norman waterfront homes sold in July 2018. August 2018 Lake Norman waterfront home sales figures decreased 22.7% from August 2017 when 75 Lake Norman waterfront homes sold.

The average sales price increased 10.2% from $821,910 in July to $905,482 in August. The August 2018 average sales price increased 9.7% from the August 2017 average sales price which was $825,304.

Average days on the market increased from 97 in July to 120 in August, a 23.7% increase in market time. The August 2017 average days on the market were 109, a 10% increase in market time.

Currently there are 293 active Lake Norman waterfront homes listed in the MLS, down 1.7% from August, with 81 also under contract, down 21.4% from August. The average list price of active listings is $1,262,619 down 1.5% from August’s average list price of $1,281,750. The lowest priced active Lake Norman waterfront home is listed at $175,000 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

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Lake Norman Waterfront Condos & Townhomes

In August 2018 17 waterfront condos or townhomes sold in the Lake Norman area, a 5.6% decrease from the 18 Lake Norman waterfront condos sold in July 2018. August 2018 sales figures increased 41.7% from August 2017 when 12 Lake Norman waterfront condos sold.

The average sales price decreased 12.7% from $342,250 in July to $298,647 in August. The August 2018 average sales price increased 15.8% from the August 2017 average sales price which was $257,958.

Average days on the market increased  13.9% from 36 in July to 41 days on the market in August. The August 2017 average days on the market were 30 a 36.7% increase in market time from one year ago.

Currently there are 38 active Lake Norman waterfront condos listed in the MLS, a 5.6% increase in active inventory from August, with 18 also under contract, up 28.6% from August. The average list price of active listings is $361,638, down 13.9% from last months average list price of $419,967. The lowest priced active Lake Norman waterfront condo is listed at $179,900 and the highest priced active Lake Norman waterfront condo is listed at $1,020,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

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Lake Norman Waterfront Lots

In August 2018 4 waterfront lots sold in the Lake Norman area, an 60% decrease from the 10 Lake Norman waterfront lots sold in July 2018. August 2018 sales figures decreased 71.4% from August 2017 when 14 Lake Norman waterfront lots sold.

The average sales price in July was $282,625, down 26.5% from the July average sales price which was $384,580. The August 2018 average sales price decreased 2.3% from the August 2017 average sales price of $289,214.

The average days on the market decreased 41% from 203 days in July to 120 days on the market in August. Days on the market were down 37% from August 2017 when the average was 190 days on the market.

Currently there are 206 active Lake Norman waterfront lots listed in the MLS, down 7.6% from August, with 33 more under contract, up 12% from August. The average list price is $480,449, down 3.4% 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 $2,950,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

Stay up to date on the Lake Norman real estate market with our free market updates.

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