Lake Norman Waterfront Real Estate Update June 2018

Lake Norman Waterfront Real Estate Update June 2018

Lake Norman Waterfront Homes

In June 2018 62 waterfront homes sold in the Lake Norman area, a 24% increase from the 50 Lake Norman waterfront homes sold in May 2018. June 2018 Lake Norman waterfront home sales figures decreased 1.6% from June 2017 when 63 Lake Norman waterfront homes sold.

The average sales price decreased 14.3774% from $1,040,103 in May to $891,791 in June. The June 2018 average sales price increased 15.2% from the June 2017 average sales price which was $774,052.

Average days on the market increased from 84 in May to 90 in June, a 7% increase in market time. The June 2017 average days on the market were 124, a 27% decrease in market time.

Currently there are 304 active Lake Norman waterfront homes listed in the MLS, down 1.3% from June, with 106 also under contract, up 8.2% from June. The average list price is $1,167,027 down.4% from June’s average list price of $1,171,423. 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 June 2018 8 waterfront condos or townhomes sold in the Lake Norman area, a 33% decrease from the 12 Lake Norman waterfront condos sold in May 2018. June 2018 sales figures decreased 33% from June 2017 when 12 Lake Norman waterfront condos sold.

The average sales price decreased .09% from $270,742 in May to $270,500 in June. The June 2018 average sales price decreased 14.4% from the June 2017 average sales price which was $315,988.

Average days on the market decreased 22.2% from 36 in May to 44 days on the market in June. The June 2017 average days on the market were 65, a 32.3% decrease in market time from one year ago.

Currently there are 41 active Lake Norman waterfront condos listed in the MLS, a 14% increase in active inventory from June, with 15 also under contract, down 6.3% from June. The average list price is $381,271, down 1.2% from last months list price of $385,847. The lowest priced active Lake Norman waterfront condo is listed at $189,900 and the highest priced active Lake Norman waterfront condo is listed at $1,045,000.

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Lake Norman Waterfront Lots

In June 2018 9 waterfront lots sold in the Lake Norman area, an 80% increase from the 5 Lake Norman waterfront lots sold in May 2018. June 2018 sales figures decreased 44% from June 2017 when 16 Lake Norman waterfront lots sold.

The average sales price in June was $294,389, up 70% from the May average sales price which was $173,000. The June 2018 average sales price decreased 30% from the June 2017 average sales price of $418,438.

The average days on the market increased 92% from 158 days in May to 303 days on the market in June. Days on the market were up 171% from June 2017 when the average was 112 days on the market.

Currently there are 224 active Lake Norman waterfront lots listed in the MLS, down 3% from June, with 25 more under contract. The average list price is $498,332, down .9% 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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