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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