Lake Norman Waterfront Real Estate Update July 2019

Lake Norman Waterfront Real Estate Update July 2019

Lake Norman Waterfront Homes

In July 2019 42 waterfront homes sold in the Lake Norman area, a 28.8% decrease from the 59 Lake Norman waterfront homes sold in June 2019. July 2019 Lake Norman waterfront home sales figures decreased 12.5% from July 2018 when 48 Lake Norman waterfront homes sold.

The average sales price decreased by 12.8% from $1,152,267 in June to $1,005,207 in July 2019. The July 2019 average sales price increased 22.3% from the July 2018 average sales price which was $821,910.

Average days on the market decreased from 95 in June to 71 in July 2019, a 25.3% decrease in market time. The July 2018 average days on the market were 97, a 26.8% decrease in market time from one year ago.

Currently, there are 270 active Lake Norman waterfront homes listed in the MLS, down 9.1% from July. There are 82 Lake Norman waterfront homes under contract, up 7.9% from July. The average list price of active listings is $1,311,046 up 3.4% from July’s average list price of $1,267,611. The lowest-priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 6.4 months of inventory, we are currently in a balanced market for Lake Norman waterfront homes.

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Lake Norman Waterfront Condos & Townhomes

In July 2019 19 waterfront condos or townhomes sold in the Lake Norman area, a 0% increase from the 19 Lake Norman waterfront condos sold in June 2019. July 2019 sales figures increased 5.6% from July 2018 when 18 Lake Norman waterfront condos sold.

The average sales price decreased by 5.4% from $304,837 in June to $288,489 in July 2019. The July 2019 average sales price decreased 15.7% from the July 2018 average sales price which was $342,250.

Average days on the market decreased by 7.7% from 65 in June to 60 days on the market in July 2019. The July 2018 average days on the market were 36 a 66.7% increase in market time from one year ago.

Currently there are 32 active Lake Norman waterfront condos listed in the MLS, a 13.5% decrease in active inventory from July. There are 21 Lake Norman waterfront condos under contract, up 10.5% from July. The average list price of active listings is $332,941, down .5% from last months average list price of $334,708. The lowest-priced active Lake Norman waterfront condo is listed at $174,900 and the highest priced active Lake Norman waterfront condo is listed at $615,000. Based on this data, 1.9 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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Lake Norman Waterfront Lots

In July 2019 7 waterfront lots sold in the Lake Norman area, a 12.5% decrease from the 8 Lake Norman waterfront lots sold in June 2019. July 2019 sales figures decreased 30% from July 2018 when 10 Lake Norman waterfront lots sold.

The average sales price in July 2019 was $346,643, down 12.7% from the June 2019 average sales price which was $397,175 The July 2019 average sales price decreased 9.9% from the July 2018 average sales price of $384,580

The average days on the market decreased by 26.8% from 269 days in June to 197 days on the market in July 2019. Days on the market were down 3% from July 2018 when the average was 203 days on the market.

Currently, there are 207 active Lake Norman waterfront lots listed in the MLS, down 7.6% from July. There are 29 Lake Norman waterfront lots under contract, up 26.1% from July. The average list price is $509,383, up .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 $4,900,000. Based on this data, 7.7 months of inventory, we are currently in a balanced market for Lake Norman waterfront lots.

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Lake Norman Waterfront Real Estate Update June 2019

Lake Norman Waterfront Real Estate Update June 2019

Lake Norman Waterfront Homes

In June 2019 59 waterfront homes sold in the Lake Norman area, a 11.3% increase from the 53 Lake Norman waterfront homes sold in May 2019. June 2019 Lake Norman waterfront home sales figures decreased 6.3% from June 2018 when 63 Lake Norman waterfront homes sold.

The average sales price increased by 24.7% from $923,988 in May to $1,152,267 in June 2019. The June 2019 average sales price increased 29.5% from the June 2018 average sales price which was $889,602.

Average days on the market decreased from 89 in May to 95 in June 2019, a 6.7% increase in market time. The June 2018 average days on the market were 92, a 3.3% increase in market time from one year ago.

Currently, there are 297 active Lake Norman waterfront homes listed in the MLS, up 2.4% from June. There are 76 Lake Norman waterfront homes under contract, down 1.3% from June. The average list price of active listings is $1,267,611 down 2.4% from June’s average list price of $1,298,831. The lowest-priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 5.5 months of inventory, we are currently in a balanced market for Lake Norman waterfront homes.

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Lake Norman Waterfront Condos & Townhomes

In June 2019 19 waterfront condos or townhomes sold in the Lake Norman area, a 171% increase from the 7 Lake Norman waterfront condos sold in May 2019. June 2019 sales figures increased 138% from June 2018 when 8 Lake Norman waterfront condos sold.

The average sales price increased by 4.3% from $292,186 in May to $304,837 in June 2019. The June 2019 average sales price increased 12.7% from the June 2018 average sales price which was $270,500.

Average days on the market decreased by 9.7% from 72 in May to 65 days on the market in June 2019. The June 2018 average days on the market were 44 a 47.7% increase in market time from one year ago.

Currently there are 37 active Lake Norman waterfront condos listed in the MLS, a 12.1% increase in active inventory from June. There are 19 Lake Norman waterfront condos under contract, down 17.4% from June. The average list price of active listings is $334,708, down 6.9% from last months average list price of $359,566. The lowest-priced active Lake Norman waterfront condo is listed at $174,900 and the highest priced active Lake Norman waterfront condo is listed at $990,000. Based on this data, 1.9 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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Lake Norman Waterfront Lots

In June 2019 8 waterfront lots sold in the Lake Norman area, a 20% decrease from the 10 Lake Norman waterfront lots sold in May 2019. June 2019 sales figures decreased 11.1% from June 2018 when 9 Lake Norman waterfront lots sold.

The average sales price in June 2019 was $397,175, up 37% from the May 2019 average sales price which was $289,890 The June 2019 average sales price increased 35% from the June 2018 average sales price of $294,389.

The average days on the market increased by 96.4% from 137 days in May to 269 days on the market in June 2019. Days on the market were down 11.2% from June 2018 when the average was 303 days on the market.

Currently, there are 224 active Lake Norman waterfront lots listed in the MLS, up 0% from June. There are 23 Lake Norman waterfront lots under contract, up 21% from June. The average list price is $508,271, up 3.1% 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 $4,900,000. Based on this data, 7.7 months of inventory, we are currently in a balanced market for Lake Norman waterfront lots.

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Lake Norman Waterfront Real Estate Update May 2019

Lake Norman Waterfront Real Estate Update May 2019

Lake Norman Waterfront Homes

In May 2019 53 waterfront homes sold in the Lake Norman area, a 35.9% increase from the 39 Lake Norman waterfront homes sold in April 2019. May 2019 Lake Norman waterfront home sales figures increased 6% from May 2018 when 50 Lake Norman waterfront homes sold.

The average sales price decreased by 17.7% from $1,122,648 in April to $923,988 in May 2019. The May 2019 average sales price decreased 11.1% from the May 2018 average sales price which was $1,040,103.

Average days on the market decreased from 98 in April to 89 in May 2019, a 9.2% decrease in market time. The May 2018 average days on the market were 84, a 6% increase in market time from one year ago.

Currently, there are 290 active Lake Norman waterfront homes listed in the MLS, down .3% from May. There are 77 Lake Norman waterfront homes under contract, down 15.4% from May. The average list price of active listings is $1,298,831 down .4% from May’s average list price of $1,303,852. The lowest priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 5.5 months of inventory, we are currently in a balanced market for Lake Norman waterfront homes.

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Lake Norman Waterfront Condos & Townhomes

In May 2019 7 waterfront condos or townhomes sold in the Lake Norman area, a 12.5% decrease from the 8 Lake Norman waterfront condos sold in April 2019. May 2019 sales figures decreased 41.7% from May 2018 when 12 Lake Norman waterfront condos sold.

The average sales price decreased by 22% from $374,750 in April to $292,186 in May 2019. The May 2019 average sales price increased 7.9% from the May 2018 average sales price which was $270,742.

Average days on the market decreased by 28% from 100 in April to 72 days on the market in May 2019. The May 2018 average days on the market were 36 a 100% 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 May. There are 23 Lake Norman waterfront condos under contract, up 64.3% from May. The average list price of active listings is $359,566, up 6.2% from last months average list price of $338,584. The lowest priced active Lake Norman waterfront condo is listed at $215,000 and the highest priced active Lake Norman waterfront condo is listed at $990,000. Based on this data, 2.7 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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Lake Norman Waterfront Lots

In May 2019 10 waterfront lots sold in the Lake Norman area, a 25% increase from the 8 Lake Norman waterfront lots sold in April 2019. May 2019 sales figures increased 66.7% from May 2018 when 6 Lake Norman waterfront lots sold.

The average sales price in May 2019 was $289,890, down 5.2% from the April 2019 average sales price which was $305,688 The May 2019 average sales price increased 42% from the May 2018 average sales price of $204,167.

The average days on the market increased by 33% from 103 days in April to 137 days on the market in May 2019. Days on the market were down .7% from May 2018 when the average was 138 days on the market.

Currently, there are 224 active Lake Norman waterfront lots listed in the MLS, up .4% from May. There are 19 Lake Norman waterfront lots under contract, down 0% from May. The average list price is $492,957, up 3.9% 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 $4,900,000. Based on this data, 7.7 months of inventory, we are currently in a balanced market for Lake Norman waterfront lots.

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Lake Norman Waterfront Real Estate Update April 2019

Lake Norman Waterfront Real Estate Update April 2019

Lake Norman Waterfront Homes

In April 2019 39 waterfront homes sold in the Lake Norman area, a 95% increase from the 20 Lake Norman waterfront homes sold in March 2019. April 2019 Lake Norman waterfront home sales figures decreased 13.3% from April 2018 when 45 Lake Norman waterfront homes sold.

The average sales price increased by 34.8% from $832,913 in March to $1,122,648 in April 2019. The April 2019 average sales price decreased 4.9% from the April 2018 average sales price which was $1,180,370.

Average days on the market decreased from 146 in March to 98 in April 2019, a 32.9% decrease in market time. The April 2018 average days on the market were 109, a 10.1% decrease in market time from one year ago.

Currently, there are 291 active Lake Norman waterfront homes listed in the MLS, up 6.2% from April. There are 91 Lake Norman waterfront homes under contract, up 2.2% from April. The average list price of active listings is $1,303,852 up .6% from April’s average list price of $1,296,111. The lowest priced active Lake Norman waterfront home is listed at $145,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 2.7 months of inventory, we are currently in a seller’s market for Lake Norman waterfront homes.

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Lake Norman Waterfront Condos & Townhomes

In April 2019 8 waterfront condos or townhomes sold in the Lake Norman area, a 42.9% decrease from the 14 Lake Norman waterfront condos sold in March 2019. April 2019 sales figures decreased 20% from April 2018 when 10 Lake Norman waterfront condos sold.

The average sales price increased by 41.1% from $265,536 in March to $374,750 in April 2019. The April 2019 average sales price increased 2% from the April 2018 average sales price which was $367,250.

Average days on the market increased by 81.8% from 55 in March to 100 days on the market in April 2019. The April 2018 average days on the market were 44 a 127% increase in market time from one year ago.

Currently there are 38 active Lake Norman waterfront condos listed in the MLS, a 0% increase in active inventory from April. There are 14 Lake Norman waterfront condos under contract, up 40% from April. The average list price of active listings is $338,584, up 1.9% from last months average list price of $332,208. The lowest priced active Lake Norman waterfront condo is listed at $192,000 and the highest priced active Lake Norman waterfront condo is listed at $1,025,000. Based on this data, 2.7 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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Lake Norman Waterfront Lots

In April 2019 8 waterfront lots sold in the Lake Norman area, a 60% increase from the 5 Lake Norman waterfront lots sold in March 2019. April 2019 sales figures increased 14.3% from April 2018 when 7 Lake Norman waterfront lots sold.

The average sales price in April 2019 was $305,688, down 5.4% from the March 2019 average sales price which was $323,000. The April 2019 average sales price decreased 5.1% from the April 2018 average sales price of $321,957.

The average days on the market increased by 158% from 40 days in March to 103 days on the market in April 2019. Days on the market were down 62.7% from April 2018 when the average was 276 days on the market.

Currently, there are 223 active Lake Norman waterfront lots listed in the MLS, up 3.7% from April. There are 19 Lake Norman waterfront lots under contract, down 0% from April. The average list price is $474,607, up 6.6% 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. Based on this data, 9.3 months of inventory, we are currently in a balanced market for Lake Norman waterfront lots.

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