Lake Norman Waterfront Real Estate Update September 2018

Lake Norman Waterfront Real Estate Update September 2018

Lake Norman Waterfront Homes

In September 2018 47 waterfront homes sold in the Lake Norman area, a 19% decrease from the 58 Lake Norman waterfront homes sold in August 2018. September 2018 Lake Norman waterfront home sales figures decreased 25.4% from September 2017 when 63 Lake Norman waterfront homes sold.

The average sales price increased 2.2% from $905,482 in August to $925,261 in September. The September 2018 average sales price increased 5.2% from the September 2017 average sales price which was $879,279.

Average days on the market increased from 120 in August to 70 in September, a 41.7% decrease in market time. The September 2017 average days on the market were 120, a 41.7% decrease in market time.

Currently there are 288 active Lake Norman waterfront homes listed in the MLS, down 1.7% from September. There are 76 Lake Norman waterfront homes under contract, down 6.2% from September. The average list price of active listings is $1,203,743 down 4.7% from September’s average list price of $1,262,619. The lowest priced active Lake Norman waterfront home is listed at $175,000 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In September 2018 11 waterfront condos or townhomes sold in the Lake Norman area, a 35.3% decrease from the 17 Lake Norman waterfront condos sold in August 2018. September 2018 sales figures increased 10% from September 2017 when 10 Lake Norman waterfront condos sold.

The average sales price increased 14.2% from $298,647 in August to $341,045 in September. The September 2018 average sales price increased 22% from the September 2017 average sales price which was $279,590.

Average days on the market increased  17.1% from 41 in August to 48 days on the market in September. The September 2017 average days on the market were 38 a 26.3% increase in market time from one year ago.

Currently there are 33 active Lake Norman waterfront condos listed in the MLS, a 13.2%decrease in active inventory from September. There are 9 Lake Norman waterfront condos under contract, down 50% from September. The average list price of active listings is $372,602, up 3% from last months average list price of $419,967. The lowest priced active Lake Norman waterfront condo is listed at $200,000 and the highest priced active Lake Norman waterfront condo is listed at $1,050,000.

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Lake Norman Waterfront Lots

In September 2018 7 waterfront lots sold in the Lake Norman area, a 75% increase from the 4 Lake Norman waterfront lots sold in August 2018. September 2018 sales figures decreased 58.8% from September 2017 when 17 Lake Norman waterfront lots sold.

The average sales price in September was $318,243, up 12.6% from the August average sales price which was $282,625. The September 2018 average sales price decreased 24.7% from the September 2017 average sales price of $422,618.

The average days on the market increased 38.4% from 120 days in August to 193 days on the market in September. Days on the market were down 54.2% from September 2017 when the average was 185 days on the market.

Currently there are 199 active Lake Norman waterfront lots listed in the MLS, down 3.4% from September. There are 29 Lake Norman waterfront lots under contract, down 12.1% from September. The average list price is $466,214, down 3% 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 $2,950,000.

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Lake Norman Real Estate Market Update September 2018

Lake Norman Real Estate Update September 2018

Lake Norman Homes

In September 2018 144 homes sold in the Lake Norman area,  a 42.6% decrease from the 251 homes sold in August 2018. The September 2018 sales figures decreased 29.4% from September 2017 when 204 homes sold in the Lake Norman real estate market.

The average sales price increased 9.1% from $532,102 in August to $580,627 in September,. The September 2018 average sales price increased 7.5% from the September 2017 average sales price which was $540,370

Average days on the market decreased 11.3% from 80 days on the market in August to 71 days on the market in September. The September 2017 average days on the market were 79, a 10.1% decrease in market time from last year.

Currently there are 832 active homes for sale in the Lake Norman MLS area, up 1.3% from September. The average list price is $740,384 down 2.7% from the September average list price of $761,033. The average days on the market are 146.  There are 263 Lake Norman homes currently under contract, down 15.7% from September. Based on this data we are currently in a sellers market, 5.8 months of inventory, in the Lake Norman real estate market.

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Lake Norman Condos & Townhomes

In September 2018 30 condos/townhomes sold in the Lake Norman area, a 36.2 decrease from the 47 condos or townhomes sold in August 2018. September 2018 sales figures decreased 14.3% from September 2017 when 35 Lake Norman condos sold.

The average sales price increased 5.3% from $249,700 in August to $262,965 in September. The September 2018 average sales price increased 5.4% from the September 2017 average sales price which was $249,455

Average days on the market decreased 15.6% from 45 in August to 38 in September. The September 2017 average days on the market were 40, an 5% decrease in market time from one year ago.

Currently there are 66 active condo/townhome listings for sale in the Lake Norman MLS area, a 1.5% decrease from the 67 active condos for sale in September. The average list price is $392,781, up 1.6% from September’s average list price of $386,761. The average days on the market are 95. There are 59 Lake Norman condos/townhomes currently under contract, a 6.3% decrease from September. Based on this months data we are currently in a sellers market, only 2.2 months of inventory, in the Lake Norman condo market.

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Lake Norman Land & Lots

In September 2018 19 lots sold in the Lake Norman area, a 5% decrease from the 20 lots sold in August 2018. September 2018 sales figures decreased 55% from September 2017 when 42 Lake Norman lots sold.

The average sales price increased 13.1% from $156,593 in August to $177,116 in September. The September 2018 average sales price decreased 20.8% from the September 2017 average sales price which was $223,507.

Average days on the market increased 22% from 114 in August to 139 in September. The September 2017 average days on the market were 185, a 24.9% decrease in market time versus the same time period last year.

Currently there are 539 active lot listings for sale in the Lake Norman MLS area, a decrease of .9% from September. The average list price is $270,398, down 3.5% from September ’s average list price of $280,187. The average days on the market are 514. There are 76 Lake Norman area lots currently under contract, a 1.3% decrease from September. Based on this data, 28.4 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Waterfront Real Estate Update August 2018

Lake Norman Waterfront Real Estate Update August 2018

Lake Norman Waterfront Homes

In August 2018 58 waterfront homes sold in the Lake Norman area, a 21% increase from the 48 Lake Norman waterfront homes sold in July 2018. August 2018 Lake Norman waterfront home sales figures decreased 22.7% from August 2017 when 75 Lake Norman waterfront homes sold.

The average sales price increased 10.2% from $821,910 in July to $905,482 in August. The August 2018 average sales price increased 9.7% from the August 2017 average sales price which was $825,304.

Average days on the market increased from 97 in July to 120 in August, a 23.7% increase in market time. The August 2017 average days on the market were 109, a 10% increase in market time.

Currently there are 293 active Lake Norman waterfront homes listed in the MLS, down 1.7% from August, with 81 also under contract, down 21.4% from August. The average list price of active listings is $1,262,619 down 1.5% from August’s average list price of $1,281,750. The lowest priced active Lake Norman waterfront home is listed at $175,000 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In August 2018 17 waterfront condos or townhomes sold in the Lake Norman area, a 5.6% decrease from the 18 Lake Norman waterfront condos sold in July 2018. August 2018 sales figures increased 41.7% from August 2017 when 12 Lake Norman waterfront condos sold.

The average sales price decreased 12.7% from $342,250 in July to $298,647 in August. The August 2018 average sales price increased 15.8% from the August 2017 average sales price which was $257,958.

Average days on the market increased  13.9% from 36 in July to 41 days on the market in August. The August 2017 average days on the market were 30 a 36.7% increase in market time from one year ago.

Currently there are 38 active Lake Norman waterfront condos listed in the MLS, a 5.6% increase in active inventory from August, with 18 also under contract, up 28.6% from August. The average list price of active listings is $361,638, down 13.9% from last months average list price of $419,967. The lowest priced active Lake Norman waterfront condo is listed at $179,900 and the highest priced active Lake Norman waterfront condo is listed at $1,020,000.

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Lake Norman Waterfront Lots

In August 2018 4 waterfront lots sold in the Lake Norman area, an 60% decrease from the 10 Lake Norman waterfront lots sold in July 2018. August 2018 sales figures decreased 71.4% from August 2017 when 14 Lake Norman waterfront lots sold.

The average sales price in July was $282,625, down 26.5% from the July average sales price which was $384,580. The August 2018 average sales price decreased 2.3% from the August 2017 average sales price of $289,214.

The average days on the market decreased 41% from 203 days in July to 120 days on the market in August. Days on the market were down 37% from August 2017 when the average was 190 days on the market.

Currently there are 206 active Lake Norman waterfront lots listed in the MLS, down 7.6% from August, with 33 more under contract, up 12% from August. The average list price is $480,449, down 3.4% 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 $2,950,000.

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Lake Norman Real Estate Market Update August 2018

Lake Norman Real Estate Update August 2018

Lake Norman Homes

In August 2018 251 homes sold in the Lake Norman area,  an 18.4% increase from the 212 homes sold in July 2018. The August 2018 sales figures increased 17.3% from August 2017 when 214 homes sold in the Lake Norman real estate market.

The average sales price increased 3.7% from $513,154 in July to $532,102 in August,. The August 2018 average sales price increased .8% from the August 2017 average sales price which was $527,849

Average days on the market increased 12.7% from 71 days on the market in July to 80 days on the market in August. The August 2017 average days on the market were also 80, a 0% decrease in market time from last year.

Currently there are 821 active homes for sale in the Lake Norman MLS area, up 1.1% from August. The average list price is $761,033 down 3.6% from the August average list price of $789,802. The average days on the market are 145.  312 Lake Norman homes are currently under contract, down 9.3% from August. Based on this data we are currently in a sellers market, 3.3 months of inventory, in the Lake Norman real estate market.

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Lake Norman Condos & Townhomes

In August 2018 47 condos/townhomes sold in the Lake Norman area, a 2.2 increase from the 46 condos or townhomes sold in July 2018. August 2018 sales figures increased 46.9% from August 2017 when 32 Lake Norman condos sold.

The average sales price decreased 6.7% from $267,557 in July to $249,700 in August. The August 2018 average sales price increased 14.1% from the August 2017 average sales price which was $218,916

Average days on the market increased 80% from 25 in July to 45 in August. The August 2017 average days on the market were 38, an 18.4% increase in market time from one year ago.

Currently there are 67 active condo/townhome listings for sale in the Lake Norman MLS area, a 7% decrease from the 72 active condos for sale in August. The average list price is $386,761, up 1% from August’s average list price of $382,749. The average days on the market are 100. 63 Lake Norman condos/townhomes are currently under contract, a 6% decrease from August. Based on this months data we are currently in a sellers market, only 1.4 months of inventory, in the Lake Norman condo market.

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Lake Norman Land & Lots

In August 2018 20 lots sold in the Lake Norman area, a 26% decrease from the 27 lots sold in July 2018. August 2018 sales figures decreased 42.9% from August 2017 when 35 Lake Norman lots sold.

The average sales price decreased 11.1% from $176,148 in July to $156,593 in August. The August 2018 average sales price increased 3.7% from the August 2017 average sales price which was $150,937.

Average days on the market decreased 47% from 215 in July to 114 in August. The August 2017 average days on the market were 174, a 34.5% decrease in market time versus the same time period last year.

Currently there are 544 active lot listings for sale in the Lake Norman MLS area, a decrease of 4.6% from August. The average list price is $280,187, down 1.9% from August’s average list price of $285,655. The average days on the market are 512. 77 Lake Norman area lots are currently under contract, a 16.7% increase from August. Based on this data, 27.2 months of inventory, we are in a buyers market for Lake Norman lots & land.

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