Lake Norman Waterfront Real Estate Market Update August 2017

Lake Norman Waterfront Real Estate Market Update August 2017

Lake Norman Waterfront Homes
In August 2017 71 waterfront homes sold in the Lake Norman area, a 26.8% increase from the 56 Lake Norman waterfront homes sold in July 2017 and the highest monthly total on record. August 2017 Lake Norman waterfront home sales figures increased 14.5% from August 2016 when 62 Lake Norman waterfront homes sold.

The average sales price decreased 8.4% from $905,200 in July to $829,293 in August. The August 2017 average sales price decreased 17.2% from the August 2016 average sales price which was $1,001,101.

Average days on the market increased from 88 in July to 106 in August, a 20.5% increase in market time. The August 2016 average days on the market were 101, an 5% increase in market time.

Currently there are 327 active Lake Norman waterfront homes listed in the MLS with 106 also under contract, down 19.7% from August. The average list price is $1,198,458, down .9% from August. The lowest priced active Lake Norman waterfront homeis listed at $185,000 and the highest priced Lake Norman waterfront home is listed at $7,745,000.

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Lake Norman Waterfront Condos & Townhomes
In August 2017 12 waterfront condos or townhomes sold in the Lake Norman area, a 20% decrease from the 15 Lake Norman waterfront condos sold in July 2017. August 2017 sales figures increased 71.4% from August 2016 when 7 Lake Norman waterfront condos sold.

The average sales price decreased 11.2% from $290,380 in July to $257,958 in August. The August 2017 average sales price decreased 2.4% from the August 2016 average sales price which was $264,214.

Average days on the market decreased 47.4% from 57 in July to 30 days on the market in August. The August 2016 average days on the market were 101, a 70.3% decrease in market time from one year ago.

Currently there are 14 active Lake Norman waterfront condos listed in the MLS with 5 also under contract, a 27.3% increase in active inventory from August . The average list price is $312,164, down 1.4% from last month. The lowest priced active Lake Norman waterfront condo is listed at $165,000 and the highest priced active Lake Norman waterfront condo is listed at $659,000.

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

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Lake Norman Waterfront Lots
In August 2017 14 waterfront lots sold in the Lake Norman area, a 17% increase from the 12 Lake Norman waterfront lots sold in July 2017. August 2017 sales figures increased 133.3% from August 2016 when 6 Lake Norman waterfront lots sold.

The average sales price in August 2017 was $289,214, down 42.6% from the July 2017 average sales price which was $503,533. The August 2017 average sales price decreased 28.6% from the August 2016 average sales price of $402,250.

The average days on the market decreased 7.8% from 206 days in July to 190 days on the market in August. Days on the market were up 72.7% from August 2016 when the average was 110 days on the market.

Currently there are 218 active Lake Norman waterfront lots listed in the MLS with 20 more under contract, down 44% from August. The average list price is $444,938, down .4% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,500,000.

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Lake Norman Waterfront Real Estate Market Update July 2017

Lake Norman Waterfront Real Estate Market Update July 2017

Lake Norman Waterfront Homes
In July 2017 56 waterfront homes sold in the Lake Norman area, a 9.7% decrease from the 62 Lake Norman waterfront homes sold in June 2017. July 2017 Lake Norman waterfront home sales figures decreased 5.7% from July 2016 when 53 Lake Norman waterfront homes sold.

The average sales price increased 15.6% from $783,230 in June to $905,200 in July. The July 2017 average sales price decreased 1.3% from the July 2016 average sales price which was $916,834.

Average days on the market decreased from 124 in June to 88 in July, a 29% decrease in market time. The July 2016 average days on the market were 108, an 18.5% decrease in market time.

Currently there are 334 active Lake Norman waterfront homes listed in the MLS with 132 also under contract, up 7.3% from July. The average list price is $1,209,924, down .5% from July. The lowest priced active Lake Norman waterfront home is listed at $185,000 and the highest priced Lake Norman waterfront home is listed at $7,745,000.

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Lake Norman Waterfront Condos & Townhomes
In July 2017 15 waterfront condos or townhomes sold in the Lake Norman area, a 36.4% increase from the 11 Lake Norman waterfront condos sold in June 2017. July 2017 sales figures increased 7.1% from July 2016 when 14 Lake Norman waterfront condos sold.

The average sales price decreased 8.1% from $315,805 in June to $290,380 in July. The July 2017 average sales price increased 15.7% from the July 2016 average sales price which was $250,893.

Average days on the market decreased 15% from 67 in June to 57 days on the market in July. The July 2016 average days on the market were 53, a 7.5% decrease in market time from one year ago.

Currently there are 11 active Lake Norman waterfront condos listed in the MLS with 13 also under contract, a 52.2% decrease in active inventory from July. The average list price is $316,573, down 6.1% from last month. The lowest priced active Lake Norman waterfront condo is listed at $165,000 and the highest priced active Lake Norman waterfront condo is listed at $475,000.

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Lake Norman Waterfront Lots
In July 2017 12 waterfront lots sold in the Lake Norman area, a 20% decrease from the 15 Lake Norman waterfront lots sold in June 2017. July 2017 sales figures increased 33.3% from July 2016 when 9 Lake Norman waterfront lots sold.

The average sales price in July 2017 was $503,533, up 17.1% from the June 2017 average sales price which was $430,167. The July 2017 average sales price decreased 1.2% from the July 2016 average sales price of $509,566.

The average days on the market increased 108% from 99 days in June to 206 days on the market in July. Days on the market were up 19.1% from July 2016 when the average was 173 days on the market.

Currently there are 218 active Lake Norman waterfront lots listed in the MLS with 36 more under contract, down 5.3% from July. The average list price is $446,632, down 3% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,500,000.

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

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Lake Norman Waterfront Real Estate Market Update June 2017

Lake Norman Waterfront Real Estate Market Update June 2017

Lake Norman Waterfront Homes
In June 2017 62 waterfront homes sold in the Lake Norman area, a 17% increase from the 53 Lake Norman waterfront homes sold in May 2017. June 2017 Lake Norman waterfront home sales figures decreased 1.3% from June 2016 when 63 Lake Norman waterfront homes sold.

The average sales price decreased 6.9% from $841,679 in May to $783,230 in June. The June 2017 average sales price decreased 9.9% from the June 2016 average sales price which was $868,982.

Average days on the market increased from 110 in May to 124 in June, a 12.7% increase in market time. The June 2016 average days on the market were 71, a 74.6% increase in market time.

Currently there are 373 active Lake Norman waterfront homes listed in the MLS with 123 also under contract, up 8.8% from June. The average list price is $1,215,892, up 4.3% from June. The lowest priced active Lake Norman waterfront home is listed at $185,000 and the highest priced Lake Norman waterfront home is listed at $8,495,000.

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

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Lake Norman Waterfront Condos & Townhomes
In June 2017 11 waterfront condos or townhomes sold in the Lake Norman area, a 26.7% decrease from the 15 Lake Norman waterfront condos sold in May 2017. June 2017 sales figures increased 0% from June 2016 when 11 Lake Norman waterfront condos sold.

The average sales price increased 22.2% from $258,510 in May to $315,805 in June. The June 2017 average sales price increased 37.1% from the June 2016 average sales price which was $230,309.

Average days on the market increased 24.1% from 54 in May to 67 days on the market in June. The June 2016 average days on the market were 72, a 6.9% decrease in market time from one year ago.

Currently there are 16 active Lake Norman waterfront condos listed in the MLS with 13 also under contract, a 20% decrease in active inventory from June. The average list price is $337,069, down 1.8% from last month. The lowest priced active Lake Norman waterfront condo is listed at $165,000 and the highest priced active Lake Norman waterfront condo is listed at $659,000.

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

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Lake Norman Waterfront Lots
In June 2017 15 waterfront lots sold in the Lake Norman area, a 150% increase from the 6 Lake Norman waterfront lots sold in May 2017. June 2017 sales figures decreased 11.8% from June 2016 when 17 Lake Norman waterfront lots sold.

The average sales price in June 2017 was $430,167, down 19.8% from the May 2017 average sales price which was $536,500. The June 2017 average sales price decreased 13.5% from the June 2016 average sales price of $497,112.

The average days on the market decreased 52.6% from 209 days in May to 99 days on the market in June. Days on the market were down 51.3% from June 2016 when the average was 203 days on the market.

Currently there are 226 active Lake Norman waterfront lots listed in the MLS with 38 more under contract, up 5.6% from June. The average list price is $460,261, up 6.5% from last month. The lowest priced Lake Norman waterfront lot is listed at $48,900 and the highest priced Lake Norman waterfront lot is listed at $4,199,520.

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

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About Lake Norman NC Real Estate

The Lake Norman Homes Team at Southern Homes of The Carolinas has been selling Lake Norman real estate since 1999 and has over 80 years of residential real estate experience, We have designed this comprehensive online Lake Norman housing guide to help you find the very best real estate deals in the Lake Norman area. Our state-of-the-art technology lets you search for ALL the available listings in Lake Norman and Charlotte area, including foreclosures, short sales and auction properties.

Unlike national sites, the MLS listings on our real estate web site are updated daily and do NOT contain "under contract" properties that are already in escrow, eliminating hours of wasted time and frustration.

Our comprehensive Lake Norman real estate search tools allow you to find homes for sale in Lake Norman by zip codes, by neighborhoods, or by school zones. You will also find specialized searches for homes with special amenities like lake access, boat slips and community swimming pools for example. In addition, each detailed listing includes:

Maps and Directions: Quickly see where a house is located and get driving directions.
Area Information: Check "Get Local" to view the closest stores, schools and restaurants.
Walk Scores: Enjoy the Outdoors? Find out if a neighborhood is "walk friendly" before you buy.
Mortgage Calculator: Figure your monthly payment on the spot for every property.
Save Favorites: Save and track your favorite properties to a special folder for easy reference.
Share with Friends: Share you favorite listings with friends with one click of a button.

Buying Lake Norman Real Estate

You will find this site loaded with information about all the new construction communities in Lake Norman, established communities, luxury estates, vacation properties, country club homes, lakefront condos, penthouse condos, foreclosures, "green real estate" choices and retirement communities like The Villages at Oak Tree.

If you are moving your business to Lake Norman, we can also help you locate commercial properties. You can sign up to receive automatic updates on a daily basis so that as new property listings come on the market you are immediately notified by email.

Selling Lake Norman Real Estate

We will suggest the best strategies for preparing your property for sale, and we have high-tech comprehensive marketing programs that will aggressively promote your listing daily to people around the world. Your home will be found online in all the major search engines by potential buyers. Most agents only have one website - our team has over 20, both local and regional. Plus we post your listing to the national syndicated real estate sites and use Social media to drive traffic to your property. More buyers = a higher sales price for you!

Order your free Market Analysis today and schedule an appointment to find out why we should be your listing agent. Or, if you're not quite ready to sell just yet, we will be happy to send you automatic updates on the new listings and closed sales for your neighborhood so you can keep on top of the market in the meantime. You can also check our "recently sold homes" and view our latest sales online.

Lake Norman Condos 

As a Lake Norman condo specialists we make sure our clients know which condo and townhome projects offer the best amenities. Check out Davidson Landing, Jetton Cove on Lake Norman, Admirals Quarters, Vineyard Point, Cove Key and more. Or sign up for automatic email updates on Lake Norman condos for sale in waterfront communities like Harborside or Portside.

Lake Norman Lots & Land 

There's not much vacant land left in the Lake Norman area. Big developers have been purchasing large tracts over the last 15 years and developing communities and subdivisions. However, you can search our website for available Lake Norman lot listings or signup for automatic email alerts on new Lake Norman lot listings.

Using Technology in Real Estate

Many of our clients are using the latest technology to assist them with their home search. Neighborhood videos are popular with buyers relocating from other areas, in addition to virtual tours of individual listings. And of course everyone loves the mobile apps that allow you to find homes as you are driving around neighborhoods, get the price and details online and see all available photos right from your car. Our website is mobile ready so there is no need to download an app to search Lake Norman real estate, just add our site to your home screen for easy access.

Our agents are also equipped to take video tours of specific homes for serious buyers that want more details. For clients that have compatible phones and apps, they can even do "Facetime" with live video chats, allowing you to view homes in real time and direct the course of the tour through the home. You can even have your agent go back through the home to see something you missed!

So please, have a look around, and contact us with any questions you might have about the Lake Norman real estate market or our real estate consulting services. Whether you are looking for modest starter home or a multi million estate, The Lake Norman Homes Team is dedicated to helping you find the perfect Lake Norman home to suit your lifestyle and budget.

The Lake Norman Homes Team specializes in residential real estate for sale in Lake Norman and Charlotte including the following communities: Catawba, Cornelius, Davidson, Denver, Huntersville, Mooresville, Sherrills Ford, Statesville, Terrell and Troutman.

Please contact us with any questions. You can fill out the form below, visit our contact us page, call us at 704-907-7907 or call us toll-free at 866-LakeNorman (866-525-3667).

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