Lake Norman Waterfront Real Estate Update July 2018
Lake Norman Waterfront Homes
In July 2018 47 waterfront homes sold in the Lake Norman area, a 25.4%decrease from the 63 Lake Norman waterfront homes sold in June 2018. July 2018 Lake Norman waterfront home sales figures decreased 19% from July 2017 when 58 Lake Norman waterfront homes sold.
The average sales price decreased 7.4% from $889,602 in June to $823,812 in July. The July 2018 average sales price decreased 6.9% from the July 2017 average sales price which was $885,116.
Average days on the market increased from 92 in June to 98 in July, a 6.5% increase in market time. The July 2017 average days on the market were 93, a 5.4% increase in market time.
Currently there are 298 active Lake Norman waterfront homes listed in the MLS, down 2% from July, with 103 also under contract, down 2.8% from July. The average list price of active listings is $1,281,750 up 9.8% from July’s average list price of $1,167,027. The lowest priced active Lake Norman waterfront home is listed at $215,000 and the highest priced Lake Norman waterfront home is listed at $7,450,000.
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Lake Norman Waterfront Condos & Townhomes
In July 2018 18 waterfront condos or townhomes sold in the Lake Norman area, a 125% increase from the 8 Lake Norman waterfront condos sold in June 2018. July 2018 sales figures increased 20% from July 2017 when 15 Lake Norman waterfront condos sold.
The average sales price increased 26.5% from $270,500 in June to $342,250 in July. The July 2018 average sales price increased 17.9% from the July 2017 average sales price which was $290,380.
Average days on the market decreased 18.2% from 44 in June to 36 days on the market in July. The July 2017 average days on the market were 57 a 36.8% decrease in market time from one year ago.
Currently there are 35 active Lake Norman waterfront condos listed in the MLS, a 14.6% decrease in active inventory from July, with 14 also under contract, down 6.7% from July. The average list price of active listings is $419,967, up 10.1% from last months list price of $381,271. The lowest priced active Lake Norman waterfront condo is listed at $187,000 and the highest priced active Lake Norman waterfront condo is listed at $1,045,000.
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Lake Norman Waterfront Lots
In July 2018 10 waterfront lots sold in the Lake Norman area, an 11.1% increase from the 9 Lake Norman waterfront lots sold in June 2018. July 2018 sales figures decreased 16.7% from July 2017 when 12 Lake Norman waterfront lots sold.
The average sales price in July was $384,080, up 30.5% from the June average sales price which was $294,389. The July 2018 average sales price decreased 23.7% from the July 2017 average sales price of $503,533.
The average days on the market decreased 33% from 303 days in June to 203 days on the market in July. Days on the market were down 1.5% from July 2017 when the average was 206 days on the market.
Currently there are 223 active Lake Norman waterfront lots listed in the MLS, down .01% from July, with 29 more under contract. The average list price is $497,404, 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 $4,500,000.
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