Lake Norman Waterfront Real Estate Update October 2018

Lake Norman Waterfront Real Estate Update October 2018

Lake Norman Waterfront Homes

In October 2018 41 waterfront homes sold in the Lake Norman area, a 12.8% decrease from the 47 Lake Norman waterfront homes sold in September 2018. October 2018 Lake Norman waterfront home sales figures decreased 8.9% from October 2017 when 45 Lake Norman waterfront homes sold.

The average sales price decreased 5.1% from $925,261 in September to $877,800 in October. The October 2018 average sales price decreased 12.9% from the October 2017 average sales price which was $1,008,022.

Average days on the market increased from 70 in September to 84 in October, a 20% increase in market time. The October 2017 average days on the market were 127, a 33.9% decrease in market time.

Currently there are 261 active Lake Norman waterfront homes listed in the MLS, down 9.4% from October. There are 71 Lake Norman waterfront homes under contract, down 6.6% from October. The average list price of active listings is $1,280,880 up 6.4% from October’s average list price of $1,203,743. The lowest priced active Lake Norman waterfront home is listed at $150,000 and the highest priced Lake Norman waterfront home is listed at $7,200,000.

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Lake Norman Waterfront Condos & Townhomes

In October 2018 15 waterfront condos or townhomes sold in the Lake Norman area, a 36.4% increase from the 11 Lake Norman waterfront condos sold in September 2018. October 2018 sales figures increased 50% from October 2017 when 10 Lake Norman waterfront condos sold.

The average sales price decreased 3.9% from $341,045 in September to $327,833 in October. The October 2018 average sales price increased 30% from the October 2017 average sales price which was $252,250.

Average days on the market increased  62.5% from 48 in September to 78 days on the market in October. The October 2017 average days on the market were 49 a 59.2% increase in market time from one year ago.

Currently there are 30 active Lake Norman waterfront condos listed in the MLS, a 9.1%decrease in active inventory from October. There are 15 Lake Norman waterfront condos under contract, up 67% from October. The average list price of active listings is $357,130, down 4.2% from last months average list price of $372,602. 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 $1,050,000.

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Lake Norman Waterfront Lots

In October 2018 12 waterfront lots sold in the Lake Norman area, a 71% increase from the 7 Lake Norman waterfront lots sold in September 2018. October 2018 sales figures increased 8.3% from October 2017 when 11 Lake Norman waterfront lots sold.

The average sales price in October was $350,908, up 10.3% from the September average sales price which was $318,243. The October 2018 average sales price increased 2.3% from the October 2017 average sales price of $342,136.

The average days on the market decreased 14% from 193 days in September to 166 days on the market in October. Days on the market were down 27.2% from October 2017 when the average was 228 days on the market.

Currently there are 190 active Lake Norman waterfront lots listed in the MLS, down 4.7% from October. There are 23 Lake Norman waterfront lots under contract, down 26% from October. The average list price is $468,416, down .5% 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 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 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 Waterfront Real Estate Update July 2018

Lake Norman Waterfront Real Estate Update July 2018

Lake Norman Waterfront Homes

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

The average sales price decreased 7.4% from $889,602 in June to $823,812 in July. The July 2018 average sales price decreased 6.9% from the July 2017 average sales price which was $885,116.

Average days on the market increased from 92 in June to 98 in July, a 6.5% increase in market time. The July 2017 average days on the market were 93, a 5.4% increase in market time.

Currently there are 298 active Lake Norman waterfront homes listed in the MLS, down 2% from July, with 103 also under contract, down 2.8% from July. The average list price of active listings is $1,281,750 up 9.8% from July’s average list price of $1,167,027. The lowest priced active Lake Norman waterfront home is listed at $215,000 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In July 2018 18 waterfront condos or townhomes sold in the Lake Norman area, a 125% increase from the 8 Lake Norman waterfront condos sold in June 2018. July 2018 sales figures increased 20% from July 2017 when 15 Lake Norman waterfront condos sold.

The average sales price increased 26.5% from $270,500 in June to $342,250 in July. The July 2018 average sales price increased 17.9% from the July 2017 average sales price which was $290,380.

Average days on the market decreased 18.2% from 44 in June to 36 days on the market in July. The July 2017 average days on the market were 57 a 36.8% decrease in market time from one year ago.

Currently there are 35 active Lake Norman waterfront condos listed in the MLS, a 14.6% decrease in active inventory from July, with 14 also under contract, down 6.7% from July. The average list price of active listings is $419,967, up 10.1% from last months list price of $381,271. The lowest priced active Lake Norman waterfront condo is listed at $187,000 and the highest priced active Lake Norman waterfront condo is listed at $1,045,000.

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Lake Norman Waterfront Lots

In July 2018 10 waterfront lots sold in the Lake Norman area, an 11.1% increase from the 9 Lake Norman waterfront lots sold in June 2018. July 2018 sales figures decreased 16.7% from July 2017 when 12 Lake Norman waterfront lots sold.

The average sales price in July was $384,080, up 30.5% from the June average sales price which was $294,389. The July 2018 average sales price decreased 23.7% from the July 2017 average sales price of $503,533.

The average days on the market decreased 33% from 303 days in June to 203 days on the market in July. Days on the market were down 1.5% from July 2017 when the average was 206 days on the market.

Currently there are 223 active Lake Norman waterfront lots listed in the MLS, down .01% from July, with 29 more under contract. The average list price is $497,404, down .2% 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 $4,500,000.

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