Tag: lake norman property

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.

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

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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Lake Norman Real Estate Update July 2018

Lake Norman Homes

In July 2018 210 homes sold in the Lake Norman area,  a 19.8% decrease from the 262 homes sold in June 2018. The July 2018 sales figures increased 8.2% from July 2017 when 194 homes sold in the Lake Norman real estate market.

The average sales price decreased 5% from $540,254 in June to $513,774 in July,. The July 2018 average sales price decreased 2.4% from the July 2017 average sales price which was $526,423

Average days on the market increased 1.4% from 71 days on the market in June to 72 days on the market in July. The July 2017 average days on the market were 75, a 4% decrease in market time from last year.

Currently there are 812 active homes for sale in the Lake Norman MLS area, down 6.1% from July. The average list price is $789,802 up 4.9% from the June average list price of $752,855. The average days on the market are 148.  344 Lake Norman homes are currently under contract, down 12% from July. Based on this data we are currently in a sellers market, 3.9 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 July 2018 46 condos/townhomes sold in the Lake Norman area, a 24.3% increase from the 37 condos or townhomes sold in June 2018. July 2018 sales figures increased 9.5% from July 2017 when 42 Lake Norman condos sold.

The average sales price increased 23.4% from $216,871 in June to $267,557 in July. The July 2018 average sales price increased 11.4% from the July 2017 average sales price which was $240,202

Average days on the market increased 13.6% from 22 in June to 25 in July. The July 2017 average days on the market were 58, a 57% decrease in market time from one year ago.

Currently there are 72 active condo/townhome listings for sale in the Lake Norman MLS area, an 8.9% decrease from the 79 active condos for sale in July. The average list price is $382,749, up 1.6% from July’s average list price of $376,857. The average days on the market are 89. 67 Lake Norman condos/townhomes are currently under contract, a 5.6% decrease from July. Based on this months data we are currently in a sellers market, only 1.6 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 July 2018 26 lots sold in the Lake Norman area, a 5.6% decrease from the 28 lots sold in June 2018. July 2018 sales figures decreased 0% from July 2017 when 26 Lake Norman lots sold.

The average sales price increased 31.1% from $138,657 in June to $181,712 in July. The July 2018 average sales price decreased 32.8% from the July 2017 average sales price which was $270,542.

Average days on the market decreased 7% from 227 in June to 211 in July. The July 2017 average days on the market were 179, a 17.9% increase in market time versus the same time period last year.

Currently there are 570 active lot listings for sale in the Lake Norman MLS area, an increase of .7% from July. The average list price is $285,655, down 3.7% from July’s average list price of $296,712. The average days on the market are 494. 66 Lake Norman area lots are currently under contract, a 1.5% increase from July. Based on this data, 21.9 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Real Estate Update June 2018

Lake Norman Homes

In June 2018 259 homes sold in the Lake Norman area,  a 18.8% increase from the 218 homes sold in May 2018. The June 2018 sales figures increased 9.7% from June 2017 when 236 homes sold in the Lake Norman real estate market.

The average sales price decreased 1.6% from $549,931 in May to $541,080 in June,. The June 2018 average sales price increased 12.2% from the June 2017 average sales price which was $482,218

Average days on the market increased .1% from 70 days on the market in May to 71 days on the market in June. The June 2017 average days on the market were 71, a 0% decrease in market time from last year.

Currently there are 865 active homes for sale in the Lake Norman MLS area, down 4.4% from June. The average list price is $752,855 up .4% from the June average list price of $750,200. The average days on the market are 151. 391 Lake Norman homes are currently under contract, up .5% from June. Based on this data we are currently in a sellers market, 3.3 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 June 2018 36 condos/townhomes sold in the Lake Norman area, a 16% increase from the 31 condos or townhomes sold in May 2018. June 2018 sales figures increased 2.9% from June 2017 when 35 Lake Norman condos sold.

The average sales price decreased 4.8% from $226,931 in May to $216,092 in June. The June 2018 average sales price decreased 7.7% from the June 2017 average sales price which was $234,100

Average days on the market decreased 8% from 25 in April to 23 in May. The May 2017 average days on the market were 43, a 46.5% decrease in market time from one year ago.

Currently there are 79 active condo/townhome listings for sale in the Lake Norman MLS area, a 4% increase from the 76 active condos for sale in June. The average list price is $376,857, down 3.2% from June’s average list price of $389,247. The average days on the market are 73. 71 Lake Norman condos/townhomes are currently under contract, a 1.4% increase from June. Based on this months data we are currently in a sellers market, only 2.2 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 June 2018 28 lots sold in the Lake Norman area, a 47% increase from the 19 lots sold in May 2018. June 2018 sales figures decreased 20% from June 2017 when 35 Lake Norman lots sold.

The average sales price increased 27.8% from $108,517 in May to $138,657 in June. The June 2018 average sales price decreased 36% from the June 2017 average sales price which was $216,606.

Average days on the market decreased 17% from 273 in May to 227 in June. The June 2017 average days on the market were 141, a 61% increase in market time versus the same time period last year.

Currently there are 566 active lot listings for sale in the Lake Norman MLS area, a decrease of 3.6% from June. The average list price is $296,212, down ..2% from June’s average list price of $296,791. The average days on the market are 492. 65 Lake Norman area lots are currently under contract, a 8.5% decrease from June. Based on this data, 20.2 months of inventory, we are in a buyers market for Lake Norman lots & land.

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Lake Norman Real Estate Update May 2018

Lake Norman Homes

In May 2018 216 homes sold in the Lake Norman area,  a 23% increase from the 175 homes sold in April 2018. The May 2018 sales figures increased 3.8% from May 2017 when 208 homes sold in the Lake Norman real estate market.

The average sales price decreased  6.1% from $586,585 in April to $550,593 in May,. The May 2018 average sales price increased 8.8% from the May 2017 average sales price which was $506,257

Average days on the market decreased 9.1% from 77 days on the market in April to 70 days on the market in May. The May 2017 average days on the market were 79, an 11.4% decrease in market time from last year.

Currently there are 905 active homes for sale in the Lake Norman MLS area, up 6% from May. The average list price is $750,200 down 2.3% from the May average list price of $767,948. The average days on the market are 144. 389 Lake Norman homes are currently under contract, down 11.6% from May. Based on this data we are currently in a sellers market, 4.2 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 May 2018 31 condos/townhomes sold in the Lake Norman area, a 41% increase from the 22 condos or townhomes sold in April 2018. May 2018 sales figures decreased 14% from May 2017 when 36 Lake Norman condos sold.

The average sales price decreased 19% from $279,788 in April to $226,931 in May. The May 2018 average sales price decreased .5% from the May 2017 average sales price which was $228,130.

Average days on the market decreased 38% from 40 in April to 25 in May. The May 2017 average days on the market were 54, a 54% 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 15% increase from the 66 active condos for sale in May. The average list price is $389,247, up 5.8% from May’s average list price of $367,778. The average days on the market are 65. 70 Lake Norman condos/townhomes are currently under contract, a 15% increase from May. Based on this months data we are currently in a sellers market, only 2.5 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 May 2018 17 lots sold in the Lake Norman area, a 54% decrease from the 37 lots sold in April 2018. May 2018 sales figures decreased 26% from May 2017 when 23 Lake Norman lots sold.

The average sales price decreased 7% from $121,321 in April to $112,781 in May. The May 2018 average sales price decreased 42% from the May 2017 average sales price which was $195,017.

Average days on the market decreased .7% from 294 in April to 292 in May. The May 2017 average days on the market were 224, a 30% increase in market time versus the same time period last year.

Currently there are 587 active lot listings for sale in the Lake Norman MLS area, an increase of .9% from May. The average list price is $296,791, down .6% from May’s average list price of $298.674. The average days on the market are 494. 71 Lake Norman area lots are currently under contract, a 1.4% increase from May. Based on this data, 34.5 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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