Lake Norman Waterfront Real Estate Market Update June 2016

Lake Norman Waterfront Real Estate Market Update June 2016

Lake Norman Waterfront Homes
In June 2016 62 waterfront homes sold in the Lake Norman area, a 44.2% increase from the 43 Lake Norman waterfront homes sold in May. June 2016 Lake Norman waterfront home sales figures increased 26.5% from June 2015 when 49 Lake Norman waterfront homes sold.

The average sales price increased 13% from $770,695 in May to $870,498 in June. The June 2016 average sales price increased 5% from the June 2015 average sales price which was $828,947.

Average days on the market decreased from 91 in May to 71 in June, a 22% decrease in market time. The June 2015 average days on the market were 95, a 25.3% decrease in market time.

Currently there are 477 active Lake Norman waterfront homes listed in the MLS with 108 also under contract, up 0% from June. The average list price is $1,107,523, down 2.4% from June. The lowest priced active Lake Norman waterfront home is listed at $213,000 and the highest priced Lake Norman waterfront homeis listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes
In June 11 waterfront condos or townhomes sold in the Lake Norman area, a 175% increase from the 4 Lake Norman waterfront condos sold in May. June 2016 sales figures decreased 0% from June 2015 when 11 Lake Norman waterfront condos sold.

The average sales price decreased 6.3% from $245,875 in May to $230,309 in June. The June 2016 average sales price decreased 9.8% from the June 2015 average sales price which was $255,205.

Average days on the market decreased 49.3% from 142 in May to 72 days on the market in June. The June 2015 average days on the market were 120, a 40% decrease in market time.

Currently there are 40 active Lake Norman waterfront condos listed in the MLS with 14 also under contract, a 133% increase from June. The average list price is $302,845, down 4.3% from last month. The lowest priced active Lake Norman waterfront condo is listed at $149,900 and the highest priced active Lake Norman waterfront condo is listed at $679,000.

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Lake Norman Waterfront Lots
In June 2016 17 waterfront lots sold in the Lake Norman area, a 240% increase from the 5 waterfront lots sold in May. June 2016 sales figures increased 70% from June 2015 when 10 Lake Norman waterfront lots sold.

The average sales price was $497,112, down 32.5% from the May average sales price which was $736,000. The average sales price increased 45.5% from the June 2015 average sales price of $341,594.

The average days on the market increased 464% from 36 days in May to 203 days on the market in June. Days on the market were up 8.6% from June 2015 when the average was 187 days on the market.

Currently there are 260 active Lake Norman waterfront lots listed in the MLS with 23 more under contract, down 15% from June. The average list price is $518,047, up 1.4% from last month. The lowest priced Lake Norman waterfront lot is listed at $60,000 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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