Tag: home prices

Lake Norman Real Estate Market Update September 2014

Lake Norman Real Estate Market Update September 2014

Posted on by Mike

Lake Norman Homes
In September 2014 150 homes sold in the Lake Norman area, a 1.4% increase from the 148 homes sold in August. September 2014 sales figures increased 19% from September 2013 when 126 homes sold in the Lake Norman area. September 2014 sales were the highest for September since 2005 when 177 Lake Norman homes sold!

The average sales price decreased 14.8% from $569,498 in August to $485,197 in September. The September 2014 average sales price increased 4.9% from the September 2013 average sales price which was $462,544.

Average days on the market decreased 19.4% from 103 days in August to 83 days on the market in September. September 2013 average days on the market were 85, a 2.4% decrease in market time.

Currently there are 1,050 homes for sale in the Lake Norman MLS area, down 4.8% from August. The average list price is $648,418 up 1% from the August average list price of $642,486. The average days on the market are 179. 277 Lake Norman homes are currently under contract, down 8.3% from August.

It is a great time to sell! Request a free market analysis on LakeNormanHomePrices.com



Lake Norman Condos & Townhomes
In September 2014 27 condos/townhomes sold in the Lake Norman area, an 8% increase from the 25 condos or townhomes sold in August 2014. September 2014 sales figures increased 28.6% from September 2013 when 21 Lake Norman condos sold.

The average sales price decreased 2.5% from $200,886 in August 2014 to $195,935 in September 2014. September 2014 average sales price increased 13.9% from the September 2013 average sales price which was $171,983.

Average days on the market increased 59.3% from 59 in August to 94 in September. September 2013 average days on the market were 130.

Currently there are 99 condo/townhomes for sale in the Lake Norman MLS area,a 3.9% decrease from the 103 condos for sale in August. The average list price is $229,109, down 1.3% from August’s average list price of $232,054. The average days on the market are 11. 28 Lake Norman condos/townhomes are currently under contract, an 27.3% increase from August.



Lake Norman Lots
In September 2014 18 lots sold in the Lake Norman area, a 37.9% decrease from the 29 lots sold in August. September 2014 sales figures increased 5.9% from September 2013 when 17 lots sold.

The average sales price decreased 27.6% from $154,904 in August to $112,172 in September. September 2014 average sales price decreased 5% from the September 2013 average sales price which was $118,056.

Average days on the market decreased 40.7% from 182 in August to 108 in September. September 2013 average days on the market were 183, a 40.8% decrease in market time versus the same time period last year.

Currently there are 727 lots for sale in the Lake Norman MLS area, an decrease of 3.6% from August. The average list price is $245,124, up 1.7% from August’s average list price of $241,012. The average days on the market are 456. 43 Lake Norman area lots are currently under contract, a 22.9% increase from August.



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Lake Norman Foreclosure Real Estate Market Update August 2014

Lake Norman Foreclosure Real Estate Market Update August 2014

Posted on by Mike

Lake Norman Foreclosure Market Update

Lake Norman Foreclosure Homes
At the end of August 2014 there were 12 Lake Norman foreclosures & short-sale properties listed in the Lake Norman MLS area, a 70.7% decrease from the 41 foreclosure & short-sale properties for sale in August 2013.

1 Lake Norman foreclosures/short sale homes closed in August 2014. This was a decrease of 80% from the 5 Lake Norman foreclosures and short-sales sold in August 2013. The average Lake Norman foreclosure sale price was $275,000. The average sales price increased 16.3% from the August 2013 average sale price of $236,384. The average days on the market were 482, a 404 day decrease from August 2013.

1 Lake Norman foreclosure and short sale home is currently under contract, 8.3% of the available Lake Norman foreclosure homes for sale.

View all the Lake Norman foreclosures, preforeclosures and short sales.

Lake Norman Foreclosure Condos & Townhomes
At the end of August 2014 there were 0 Lake Norman foreclosure & short-sale condos/townhomes listed in the Lake Norman MLS area, a 100% decrease from the 1 foreclosure & short-sale condo listed for sale in August 2013.

Zero Lake Norman foreclosure or short-sale condos/townhomes sold in August 2014. This was an decrease of 100% from the one foreclosure or short-sale condos sold in August 2013. The average sales price in August 2013 was $70,000. Zero foreclosure/short-sale condo units are currently under contract, down 100% from one Lake Norman condo under contract in August 2013.

View all the Lake Norman condo foreclosures, preforeclosures and short sales for sale.

If you need help stopping foreclosure on your Lake Norman property please give us a call at 866-LakeNorman.

Lake Norman Waterfront Real Estate Market Update August 2014

Lake Norman Waterfront Real Estate Market Update August 2014

Posted on by Mike

Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In August 2014 48 waterfront homes sold in the Lake Norman area, a 6.7% increase from the 45 waterfront homes sold in July 2014. August 2014 waterfront sales figures increased 11.6% from August 2013 when 43 waterfront homes sold in the Lake Norman area.

The average sales price increased 16.8% from $840,580 in July 2014 to $981,984 in August 2014. August 2014 average sales price increased 31.6% from the August 2013 average sales price which was $746,347.

Average days on the market increased from 93 in July 2014 to 138 in August 2014, a 48.4% increase in market time. August 2013 average days on the market were 157, a 11.8% decrease in market time.

Currently there are 431 Lake Norman waterfront homes listed in the MLS with 45 of those under contract, down 10% from July. The average list price is $1,045,314, down 1.3% from July. The lowest priced Lake Norman waterfront home is listed at $172,000 and the highest priced Lake Norman waterfront home is listed at $9,50,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale



Lake Norman Waterfront Condos & Townhomes
In August 2014 6 waterfront condos or townhomes sold in the Lake Norman area, a 25% decrease from the 8 waterfront condos sold in July 2014. August 2014 sales figures increased 20% from August 2013 when 5 waterfront condos sold.

The average sales price increased 10% from $258,750 in July 2014 to $285,667 in August 2014. August 2014 average sales price increased 1.5% from the August 2013 average sales price which was $284,400.

Average days on the market increased 11.9% from 42 in July 2014 to 47 in August 2014. August 2013 average days on the market were 95, a 50.5% decrease in market time.

Currently there are 60 Lake Norman waterfront condos listed in the MLS with 13 of those under contract, a 116.7% increase from July. The average list price is $263,021, down 3.1% from last month. The lowest priced Lake Norman waterfront condo is listed at $129,000 and the highest priced Lake Norman waterfront condo is listed at $815,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale



Lake Norman Waterfront Lots
In August 2014 12 waterfront lots sold in the Lake Norman area, a 9.1% increase from the 11 waterfront lots sold in July 2014. The average sales price was $277,583, down 63.5% from the July average sales price which was $761,250. August 2014 sales figures increased 140% from August 2013 when 5 Lake Norman waterfront lots sold. The average sales price increased 51.3% from the August 2013 average sales price of $183,450.

The average days on the market increased 21.3% from July, from 136 to 165 days on the market in August. Days on the market were down 39.2% from August 2013 when the average was 272 days on the market.

Currently there are 256 Lake Norman waterfront lots listed in the MLS with 10 of those currently under contract. The average list price is $385,727, up 2.9% from last month. The lowest priced Lake Norman waterfront lot is listed at $40,000 and the highest priced Lake Norman waterfront lot is listed at $2,999,999.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale



If  you would like to search for Lake Norman waterfront real estate for sale please visit our search page: Search Lake Norman Waterfront Real Estate