Lake Norman Waterfront Real Estate Market Update February 2018

Lake Norman Waterfront Real Estate Update February 2018

Lake Norman Waterfront Homes

In February 2018 26 waterfront homes sold in the Lake Norman area, a 13.3% decrease from the 30 Lake Norman waterfront homes sold in January 2018. February 2018 Lake Norman waterfront home sales figures increased 62.5% from February 2017 when 16 Lake Norman waterfront homes sold.

The average sales price increased 8.7% from $922,098 in January to $1,002,250 in February. The February 2018 average sales price increased 35.5.% from the February 2017 average sales price which was $739,383.

Average days on the market increased from 92 in January to 145 in February, a 57.6% increase in market time. The February 2017 average days on the market were 105, a 38.1% increase in market time.

Currently there are 266 active Lake Norman waterfront homes listed in the MLS, up 12% from February, with 98 also under contract, up 27% from January. The average list price is $1,232,613 down 5.5% from February. The lowest priced active Lake Norman waterfront home is listed at $179,900 and the highest priced Lake Norman waterfront home is listed at $7,745,000.

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Lake Norman Waterfront Condos & Townhomes

In February 2018 4 waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 4 Lake Norman waterfront condos sold in January 2018. February 2018 sales figures decreased 43% from February 2017 when 7 Lake Norman waterfront condos sold.

The average sales price increased 23.2% from $189,475 in January to $233,500 in February. The February 2018 average sales price decreased 35% from the February 2017 average sales price which was $360,500.

Average days on the market decreased 45% from 31 in January to 17 days on the market in February. The February 2017 average days on the market were 37, a 54% decrease in market time from one year ago.

Currently there are 21 active Lake Norman waterfront condos listed in the MLS, a 16.7% increase in active inventory from February, with 10 also under contract, up 43% from February. The average list price is $359,150, down 7.8% from last month. The lowest priced active Lake Norman waterfront condo is listed at $209,000 and the highest priced active Lake Norman waterfront condo is listed at $925,000.

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Lake Norman Waterfront Lots

In February 2018 7 waterfront lots sold in the Lake Norman area, a 16.7% increase from the 6 Lake Norman waterfront lots sold in January 2018. February 2018 sales figures decreased 41.7% from February 2017 when 12 Lake Norman waterfront lots sold.

The average sales price in February was $351,786, down 4.1% from the January average sales price which was $366,917. The February 2018 average sales price decreased 11.1% from the February 2017 average sales price of $395,771.

The average days on the market decreased 43.1% from 167 days in January to 95 days on the market in February. Days on the market were down 55.8% from February 2017 when the average was 215 days on the market.

Currently there are 207 active Lake Norman waterfront lots listed in the MLS, down 4.2% from February, with 13 more under contract. The average list price is $489,358, up .4% from last month. The lowest priced Lake Norman waterfront lot is listed at $49,700 and the highest priced Lake Norman waterfront lot is listed at $4,500,000.

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