Lake Norman Waterfront Real Estate Market Update March 2018

Lake Norman Waterfront Real Estate Update March 2018

Lake Norman Waterfront Homes

In March 2018 24 waterfront homes sold in the Lake Norman area, a 7.7% decrease from the 26 Lake Norman waterfront homes sold in February 2018. March 2018 Lake Norman waterfront home sales figures decreased 51% from March 2017 when 49 Lake Norman waterfront homes sold.

The average sales price decreased 3.3% from $1,002,250 in February to $969,046 in March. The March 2018 average sales price increased 13.7.% from the March 2017 average sales price which was $851,910.

Average days on the market decreased from 145 in February to 118 in March, a 18.6% decrease in market time. The March 2017 average days on the market were 121, a 2.5% decrease in market time.

Currently there are 281 active Lake Norman waterfront homes listed in the MLS, up 5.6% from March, with 103 also under contract, up 5.1% from March. The average list price is $1,171,287 down 5% from March. The lowest priced active Lake Norman waterfront home is listed at $179,900 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In March 2018 7 waterfront condos or townhomes sold in the Lake Norman area, a 75% increase from the 4 Lake Norman waterfront condos sold in February 2018. March 2018 sales figures decreased 68.2% from March 2017 when 22 Lake Norman waterfront condos sold.

The average sales price increased 43.5% from $233,500 in February to $335,014 in March. The March 2018 average sales price increased 12.2% from the March 2017 average sales price which was $298,545.

Average days on the market increased 29.4% from 17 in February to 22 days on the market in March. The March 2017 average days on the market were 94, a 76.6% decrease in market time from one year ago.

Currently there are 19 active Lake Norman waterfront condos listed in the MLS, a 9.5% decrease in active inventory from March, with 15 also under contract, up 50% from March. The average list price is $354,184, down 1.4% from last month. The lowest priced active Lake Norman waterfront condo is listed at $235,000 and the highest priced active Lake Norman waterfront condo is listed at $875,000.

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Lake Norman Waterfront Lots

In March 2018 5 waterfront lots sold in the Lake Norman area, a 16.7% decrease from the 6 Lake Norman waterfront lots sold in February 2018. March 2018 sales figures increased 66.7% from March 2017 when 3 Lake Norman waterfront lots sold.

The average sales price in March was $315,500, up 31.2% from the February average sales price which was $240,417. The March 2018 average sales price decreased 36.5% from the March 2017 average sales price of $496,667.

The average days on the market increased 94% from 94 days in February to 182 days on the market in March. Days on the market were up 71.7% from March 2017 when the average was 106 days on the market.

Currently there are 208 active Lake Norman waterfront lots listed in the MLS, up .5% from March, with 16more under contract. The average list price is $481,395, down 1.6% 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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