Lake Norman Waterfront Real Estate Update December 2018

Lake Norman Waterfront Real Estate Update December 2018

Lake Norman Waterfront Homes

In December 2018 37 waterfront homes sold in the Lake Norman area, a 12% increase from the 33 Lake Norman waterfront homes sold in November 2018. December 2018 Lake Norman waterfront home sales figures increased 19.4% from December 2017 when 31 Lake Norman waterfront homes sold.

The average sales price decreased 15.7% from $1,111,765 in November to $937,266 in December. The December 2018 average sales price increased 3% from the December 2017 average sales price which was $909,737.

Average days on the market increased from 120 in November to 109 in December, a 9.2%decrease in market time. The December 2017 average days on the market were 125, a 4% decrease in market time from one year ago.

Currently there are 217 active Lake Norman waterfront homes listed in the MLS, down 7.7% from December. There are 57 Lake Norman waterfront homes under contract, up 5.6% from December. The average list price of active listings is $1,322,893 up 2.5% from December’s average list price of $1,290,907. The lowest priced active Lake Norman waterfront home is listed at $150,000 and the highest priced Lake Norman waterfront home is listed at $6,950,000.

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Lake Norman Waterfront Condos & Townhomes

In December 2018 13 waterfront condos or townhomes sold in the Lake Norman area, a 30% increase from the 10 Lake Norman waterfront condos sold in November 2018. December 2018 sales figures increased 62.5% from December 2017 when 8 Lake Norman waterfront condos sold.

The average sales price increased 8.7% from $313,050 in November to $340,265 in December. The December 2018 average sales price increased 34.4% from the December 2017 average sales price which was $253,125.

Average days on the market increased  3.6% from 84 in November to 87 days on the market in December. The December 2017 average days on the market were 47 an 85% increase in market time from one year ago.

Currently there are 33 active Lake Norman waterfront condos listed in the MLS, a 19.5% decrease in active inventory from December. There are 4 Lake Norman waterfront condos under contract, down 64% from December. The average list price of active listings is $365,806, up 15.7% from last months average list price of $316,190. The lowest priced active Lake Norman waterfront condo is listed at $175,000 and the highest priced active Lake Norman waterfront condo is listed at $1,050,000.

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Lake Norman Waterfront Lots

In December 2018 9 waterfront lots sold in the Lake Norman area, a 22.2% increase from the 7 Lake Norman waterfront lots sold in November 2018. December 2018 sales figures increased 33% from December 2017 when 6 Lake Norman waterfront lots sold.

The average sales price in December was $344,222, down 20.8% from the November average sales price which was $434,514. The December 2018 average sales price decreased .05% from the December 2017 average sales price of $344,400.

The average days on the market decreased 17.6% from 188 days in November to 155 days on the market in December. Days on the market were down 9.2% from December 2017 when the average was 142 days on the market.

Currently there are 171 active Lake Norman waterfront lots listed in the MLS, down 10% from December. There are 14 Lake Norman waterfront lots under contract, down 26% from December. The average list price is $456,419, down 1.5% 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.

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