Lake Norman Waterfront Real Estate Update January 2019

Lake Norman Waterfront Real Estate Update January 2019

Lake Norman Waterfront Homes

In January 2019 29 waterfront homes sold in the Lake Norman area, a 21.6% decrease from the 37 Lake Norman waterfront homes sold in December 2018. January 2019 Lake Norman waterfront home sales figures decreased 3.3% from January 2018 when 30 Lake Norman waterfront homes sold.

The average sales price decreased 13.8% from $937,266 in December to $808,186 in January 2019. The January 2019 average sales price decreased 12.4% from the January 2018 average sales price which was $922,098.

Average days on the market increased from 109 in December to 119 in January 2019, a 9.2% increase in market time. The January 2018 average days on the market were 92, a 29.3% increase in market time from one year ago.

Currently there are 232 active Lake Norman waterfront homes listed in the MLS, up 6.9% from January. There are 50 Lake Norman waterfront homes under contract, down 12.3% from January. The average list price of active listings is $1,331,714 up .7% from January’s average list price of $1,322,893. The lowest priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000.

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Lake Norman Waterfront Condos & Townhomes

In January 2019 3 waterfront condos or townhomes sold in the Lake Norman area, a 77% decrease from the 13 Lake Norman waterfront condos sold in December 2018. January 2019 sales figures decreased 25% from January 2018 when 4 Lake Norman waterfront condos sold.

The average sales price increased 1.5% from $340,265 in December to $345,333 in January 2019. The January 2019 average sales price increased 82% from the January 2018 average sales price which was $189,475.

Average days on the market decreased  68% from 87 in December to 29 days on the market in January 2019. The January 2018 average days on the market were 31 an 6.5% decrease in market time from one year ago.

Currently there are 29 active Lake Norman waterfront condos listed in the MLS, a 12.1% decrease in active inventory from January. There are 15 Lake Norman waterfront condos under contract, up 275% from January. The average list price of active listings is $376,066, up 2.8% from last months average list price of $365,806. 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 $1,040,000.

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Lake Norman Waterfront Lots

In January 2019 9 waterfront lots sold in the Lake Norman area, a 22.2% increase from the 7 Lake Norman waterfront lots sold in December 2018. January 2019 sales figures increased 33% from January 2018 when 6 Lake Norman waterfront lots sold.

The average sales price in January 2019 was $344,222, down 20.8% from the December 2018 average sales price which was $434,514. The January 2019 average sales price decreased .05% from the January 2018 average sales price of $344,400.

The average days on the market decreased 17.6% from 188 days in December to 155 days on the market in January 2019. Days on the market were down 9.2% from January 2018 when the average was 142 days on the market.

Currently there are 177 active Lake Norman waterfront lots listed in the MLS, up 3.5% from January. There are 21 Lake Norman waterfront lots under contract, up 50% from January. The average list price is $447,117, down 2% 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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