Tag: Lake Norman Real Estate Trends

Lake Norman Real Estate Update March 2019

Lake Norman Homes

In March 2019 163 homes sold in the Lake Norman area,  a 32.5% increase from the 123 homes sold in February 2019. The March 2019 sales figures increased 17.3% from March 2018  when 139 homes sold in the Lake Norman real estate market.

The average sales price decreased by 9% from $497,650 in February to $453,009 in March 2019. The March 2019 average sales price decreased 5.9% from the March 2018 average sales price which was $481,307.

Average days on the market increased by 7.7% from 78 days on the market in February to 84 days on the market in March 2019. The March 2018 average days on the market were 93, a 9.7% decrease in market time from last year.

Currently, there are 765 active homes for sale in the Lake Norman MLS area, up 1.2% from March. The average list price is $787,354 up 1.7% from the March average list price of $773,848. The average days on the market are 147.  There are 414 Lake Norman homes currently under contract, up 18% from March. Based on this data we are currently in a seller’s market, 1.3 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 March 2019 35 condos/townhomes sold in the Lake Norman area, a 94% increase from the 18 condos or townhomes sold in February 2019. March 2019 sales figures decreased 7.9% from March 2018 when 38 Lake Norman condos sold.

The average sales price decreased by 8% from $248,622 in February to $228,575 in March 2019. The March 2019 average sales price decreased 5.8% from the March 2018 average sales price which was $242,690.

Average days on the market decreased by 21% from 57 in February to 45 in March 2019. The March 2018 average days on the market were 37, a  21.6% increase in market time from one year ago.

Currently, there are 86 active condo/townhome listings for sale in the Lake Norman MLS area, a 13% increase from the 76 active condos for sale in March. The average list price is $335,245, down .5% from March’s average list price of $336,947. The average days on the market are 106. There are 50 Lake Norman condos/townhomes currently under contract, a 19% decrease from March. Based on this months data we are currently in seller’s market, only 1 month 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 March 2019 14 lots sold in the Lake Norman area, a 0% decrease from the 14 lots sold in February 2019. March 2019 sales figures decreased 51.7% from March 2018 when 29 Lake Norman lots sold.

The average sales price decreased by 31.8% from $210,036 in February to $143,286 in March 2019. The March 2019 average sales price increased 23.3% from the March 2018 average sales price which was $116,210.

Average days on the market decreased by 23.3% from 253 in February to 194 in March 2019. The March 2018 average days on the market were 229, an 15.3% decrease in market time versus the same time period last year.

Currently, there are 558 active lot listings for sale in the Lake Norman MLS area, an increase of 1.3% from March. The average list price is $279,601, up 1.2% from March’s average list price of $276,222. The average days on the market are 453. There are 64 Lake Norman area lots currently under contract, an 18.5% increase from March. Based on this data, 7.2 months of inventory, we are in a balanced market for Lake Norman lots & land.

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

Lake Norman Real Estate Update February 2019

Lake Norman Homes

In February 2019 123 homes sold in the Lake Norman area,  a 13.9% increase from the 108 homes sold in January 2019. The February 2019 sales figures increased 4.2% from February 2018  when 118 homes sold in the Lake Norman real estate market.

The average sales price increased by 2.6% from $485,103 in January to $497,650 in February 2019. The February 2019 average sales price decreased 6.2% from the February 2018 average sales price which was $530,607.

Average days on the market decreased by 8.2% from 85 days on the market in January to 78 days on the market in February 2019. The February 2018 average days on the market were 98, an 20.4% decrease in market time from last year.

Currently there are 756 active homes for sale in the Lake Norman MLS area, up 6.5% from February. The average list price is $773,848 up .09% from the February average list price of $773,160. The average days on the market are 156.  There are 351 Lake Norman homes currently under contract, up 6% from February. Based on this data we are currently in a seller’s market, 1.6 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 February 2019 18 condos/townhomes sold in the Lake Norman area, a 12.5% increase from the 16 condos or townhomes sold in January 2019. February 2019 sales figures increased 20% from February 2018 when 15 Lake Norman condos sold.

The average sales price decreased by 3% from $256,301 in January to $248,622 in February 2019. The February 2019 average sales price increased 16.8% from the February 2018 average sales price which was $212,873.

Average days on the market increased by 119% from 26 in January to 57 in February 2019. The February 2018 average days on the market were 45, a  26.7% increase in market time from one year ago.

Currently there are 76 active condo/townhome listings for sale in the Lake Norman MLS area, a 0% increase from the 76 active condos for sale in February. The average list price is $336,947, down 6% from February’s average list price of $358,577. The average days on the market are 99. There are 62 Lake Norman condos/townhomes currently under contract, a 10.7% increase from February. Based on this months data we are currently in seller’srs market, only .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 February 2019 14 lots sold in the Lake Norman area, a 30% decrease from the 20 lots sold in January 2019. February 2019 sales figures decreased 4.8% from February 2018 when 21 Lake Norman lots sold.

The average sales price decreased by 36.4% from $330,250 in January to $210,036 in February 2019. The February 2019 average sales price increased 70.5% from the February 2018 average sales price which was $123,162.

Average days on the market increased by 8.1% from 234 in January to 253 in February 2019. The February 2018 average days on the market were 135, a 87.4% increase in market time versus the same time period last year.

Currently there are 551 active lot listings for sale in the Lake Norman MLS area, an increase of 9.8% from February. The average list price is $276,222, up 5.2% from February’s average list price of $262,487. The average days on the market are 462. There are 54 Lake Norman area lots currently under contract, a 5.3% decrease from February . Based on this data, 8.1 months of inventory, we are in a balanced market for Lake Norman lots & land.

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

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.

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

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