Tag: lake norman property

Lake Norman Real Estate Update January 2019

Lake Norman Homes

In January 2019 105 homes sold in the Lake Norman area,  a 23.4% decrease from the 137 homes sold in December 2018. The January 2019 sales figures increased 6.1% from January 2018  when 99 homes sold in the Lake Norman real estate market.

The average sales price decreased 11.1% from $547,872 in December to $486,793 in January 2019,. The January 2019 average sales price decreased 7.6% from the January 2018 average sales price which was $527,032.

Average days on the market increased 13.2% from 76 days on the market in December to 86 days on the market in January 2019. The January 2018 average days on the market were 79, an 8.9% increase in market time from last year.

Currently there are 710 active homes for sale in the Lake Norman MLS area, up 3.3% from January. The average list price is $773,160 up 2.9% from the January average list price of $751,550. The average days on the market are 166.  There are 331 Lake Norman homes currently under contract, up 19% from January. Based on this data we are currently in a balanced market, 6.8 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes

In January 2019 16 condos/townhomes sold in the Lake Norman area, a 23.8% decrease from the 21 condos or townhomes sold in December 2018. January 2019 sales figures decreased 36% from January 2018 when 25 Lake Norman condos sold.

The average sales price decreased 13.8% from $297,284 in December to $256,301 in January 2019. The January 2019 average sales price increased 20.6% from the January 2018 average sales price which was $212,479.

Average days on the market decreased 59.4% from 64 in December to 26 in January 2019. The January 2018 average days on the market were 45, a  42.2% decrease in market time from one year ago.

Currently there are 76 active condo/townhome listings for sale in the Lake Norman MLS area, a 2.7% increase from the 74 active condos for sale in January. The average list price is $358,577, up 1.7% from January’s average list price of $352,423. The average days on the market are 109. There are 56 Lake Norman condos/townhomes currently under contract, a 12% increase from January. Based on this months data we are currently in a sellers market, only 4.8 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Land & Lots

In January 2019 20 lots sold in the Lake Norman area, a 17.6% increase from the 17 lots sold in December 2018. January 2019 sales figures decreased 20% from January 2018 when 25 Lake Norman lots sold.

The average sales price increased 7% from $308,719 in December to $330,250 in January 2019. The January 2019 average sales price increased 130% from the January 2018 average sales price which was $143,840.

Average days on the market increased 13% from 207 in December to 234 in January 2019. The January 2018 average days on the market were 243, a 3.7% decrease in market time versus the same time period last year.

Currently there are 502 active lot listings for sale in the Lake Norman MLS area, a decrease of 1.42.5% from January. The average list price is $262,487, up 1.3% from January’s average list price of $259,109. The average days on the market are 493. There are 57 Lake Norman area lots currently under contract, a 24% increase from January. Based on this data, 25.1 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Real Estate Update December 2018

Lake Norman Homes

In December 2018 137 homes sold in the Lake Norman area,  a 12.3% increase from the 122 homes sold in November 2018. The December 2018 sales figures decreased 122.2% from December 2017 when 176 homes sold in the Lake Norman real estate market.

The average sales price decreased 8.7% from $599,862 in November to $547,872 in December,. The December 2018 average sales price increased 13.2% from the December 2017 average sales price which was $484,190.

Average days on the market decreased 3.8% from 79 days on the market in November to 76 days on the market in December. The December 2017 average days on the market were 82, an 3.7% decrease in market time from last year.

Currently there are 687 active homes for sale in the Lake Norman MLS area, down 4.5% from December. The average list price is $751,550 down .1% from the December average list price of $752,572. The average days on the market are 172.  There are 276 Lake Norman homes currently under contract, up 10% from December. Based on this data we are currently in a balanced market, 5.0 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes

In December 2018 21 condos/townhomes sold in the Lake Norman area, a 22.2% decrease from the 27 condos or townhomes sold in November 2018. December 2018 sales figures decreased 34.4% from December 2017 when 32 Lake Norman condos sold.

The average sales price increased 16.4% from $255,327 in November to $297,284 in December. The December 2018 average sales price increased 29.3% from the December 2017 average sales price which was $229,978.

Average days on the market increased 28% from 50 in November to 64 in December. The December 2017 average days on the market were 31, a 106% increase in market time from one year ago.

Currently there are 74 active condo/townhome listings for sale in the Lake Norman MLS area, a 1.3% decrease from the 75 active condos for sale in December. The average list price is $352,423, up .5% from December’s average list price of $350,646. The average days on the market are 105. There are 50 Lake Norman condos/townhomes currently under contract, a 2% decrease from December. Based on this months data we are currently in a sellers market, only 3.5 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Land & Lots

In December 2018 16 lots sold in the Lake Norman area, a 15.8% decrease from the 19 lots sold in November 2018. December 2018 sales figures decreased 0% from December 2017 when 16 Lake Norman lots sold.

The average sales price increased 43.5% from $209,479 in November to $300,633 in December. The December 2018 average sales price increased 62% from the December 2017 average sales price which was $185.556.

Average days on the market decreased 1.4% from 222 in November to 219 in December. The December 2017 average days on the market were 160, a 36.9% increase in market time versus the same time period last year.

Currently there are 509 active lot listings for sale in the Lake Norman MLS area, a decrease of 2.5% from December. The average list price is $259,109, up 1% from December’s average list price of $256,595. The average days on the market are 494. There are 46 Lake Norman area lots currently under contract, a 16% decrease from December. Based on this data, 31.8 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Real Estate Update November 2018

Lake Norman Homes

In November 2018 121 homes sold in the Lake Norman area,  a 28.8% decrease from the 170 homes sold in October 2018. The November 2018 sales figures decreased 19.9% from November 2017 when 151 homes sold in the Lake Norman real estate market.

The average sales price increased 17% from $514,549 in October to $602,271 in November,. The November 2018 average sales price increased 11.2% from the November 2017 average sales price which was $541,443

Average days on the market increased 21.5% from 65 days on the market in October to 79 days on the market in November. The November 2017 average days on the market were 82, an 3.7% decrease in market time from last year.

Currently there are 719 active homes for sale in the Lake Norman MLS area, down 9.6% from November. The average list price is $752,572 up .8% from the November average list price of $746,727. The average days on the market are 168.  There are 251 Lake Norman homes currently under contract, down 2.3% from November. Based on this data we are currently in a balanced market, 5.9 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes

In November 2018 27 condos/townhomes sold in the Lake Norman area, a 27% decrease from the 37 condos or townhomes sold in October 2018. November 2018 sales figures decreased 18.2% from November 2017 when 33 Lake Norman condos sold.

The average sales price decreased 5.1% from $269,050 in October to $255,327 in November. The November 2018 average sales price increased 14.5% from the November 2017 average sales price which was $223,001

Average days on the market increased 0% from 50 in October to 50 in November. The November 2017 average days on the market were 31, an 61.3% increase in market time from one year ago.

Currently there are 75 active condo/townhome listings for sale in the Lake Norman MLS area, a 7.1% increase from the 70 active condos for sale in November. The average list price is $350,646, down 4.7% from November’s average list price of $367,791. The average days on the market are 94. There are 51 Lake Norman condos/townhomes currently under contract, a 17.7% decrease from November. Based on this months data we are currently in a sellers market, only 2.8 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Land & Lots

In November 2018 19 lots sold in the Lake Norman area, a 51.3% decrease from the 39 lots sold in October 2018. November 2018 sales figures decreased 17.4% from November 2017 when 23 Lake Norman lots sold.

The average sales price increased 28.1% from $163,549 in October to $209,479 in November. The November 2018 average sales price increased 34.7% from the November 2017 average sales price which was $155,465.

Average days on the market increased 65.7% from 134 in October to 222 in November. The November 2017 average days on the market were 213, a 4.2% increase in market time versus the same time period last year.

Currently there are 522 active lot listings for sale in the Lake Norman MLS area, a decrease of 4.4% from November. The average list price is $256,595, down 3.7% from November’s average list price of $266,453. The average days on the market are 503. There are 55 Lake Norman area lots currently under contract, a 5.2% decrease from November. Based on this data, 27.5 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Real Estate Update October 2018

Lake Norman Homes

In October 2018 170 homes sold in the Lake Norman area,  a 12.6% increase from the 151 homes sold in September 2018. The October 2018 sales figures decreased 5.6% from October 2017 when 180 homes sold in the Lake Norman real estate market.

The average sales price decreased 9.4% from $568,185 in September to $514,549 in October,. The October 2018 average sales price decreased 5.2% from the October 2017 average sales price which was $542,725

Average days on the market decreased 8.5% from 71 days on the market in September to 65 days on the market in October. The October 2017 average days on the market were 80, an 18.8% decrease in market time from last year.

Currently there are 795 active homes for sale in the Lake Norman MLS area, down 4.4% from October. The average list price is $746,727 up .9% from the October average list price of $740,384. The average days on the market are 151.  There are 257 Lake Norman homes currently under contract, down 2.3% from October. Based on this data we are currently in a sellers market, 4.7 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes

In October 2018 37 condos/townhomes sold in the Lake Norman area, a 23.3% increase from the 30 condos or townhomes sold in September 2018. October 2018 sales figures increased 42.3% from October 2017 when 26 Lake Norman condos sold.

The average sales price increased 2.3% from $262.965 in September to $269,050 in October. The October 2018 average sales price increased 19.3% from the October 2017 average sales price which was $225,436

Average days on the market increased 31.6% from 38 in September to 50 in October. The October 2017 average days on the market were 30, an 66.7% increase in market time from one year ago.

Currently there are 70 active condo/townhome listings for sale in the Lake Norman MLS area, a 6.1% increase from the 66 active condos for sale in October. The average list price is $367,791, down 6.4% from October’s average list price of $392,781. The average days on the market are 95. There are 62 Lake Norman condos/townhomes currently under contract, a 34.7% decrease from October. Based on this months data we are currently in a sellers market, only 1.9 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Land & Lots

In October 2018 39 lots sold in the Lake Norman area, a 105% increase from the 19 lots sold in September 2018. October 2018 sales figures increased 30% from October 2017 when 30 Lake Norman lots sold.

The average sales price decreased 7.7% from $177,116 in September to $163,549 in October. The October 2018 average sales price increased 2% from the October 2017 average sales price which was $160,264.

Average days on the market decreased 3.6% from 139 in September to 134 in October. The October 2017 average days on the market were 150, a 10.7% decrease in market time versus the same time period last year.

Currently there are 546 active lot listings for sale in the Lake Norman MLS area, an increase of 1.3% from October. The average list price is $266,453, down 1.5% from October’s average list price of $270,398. The average days on the market are 524. There are 58 Lake Norman area lots currently under contract, a 24% decrease from October. Based on this data, 14 months of inventory, we are in a buyers market for Lake Norman lots & land.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

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