Lake Norman Waterfront Real Estate Update August 2019

Lake Norman Waterfront Real Estate Update August 2019

Lake Norman Waterfront Homes

In August 2019 50 waterfront homes sold in the Lake Norman area, a 19% increase from the 42 Lake Norman waterfront homes sold in July 2019. August 2019 Lake Norman waterfront home sales figures decreased 13.8% from August 2018 when 58 Lake Norman waterfront homes sold.

The average sales price decreased by 7% from $1,005,207 in July to $934,792 in August 2019. The August 2019 average sales price increased 3.2% from the August 2018 average sales price which was $905,482.

Average days on the market increased from 71 in July to 89 in August 2019, a 25.4% increase in market time. The August 2018 average days on the market were 120, a 25.8% decrease in market time from one year ago.

Currently, there are 245 active Lake Norman waterfront homes listed in the MLS, down 9.3% from August. There are 99 Lake Norman waterfront homes under contract, up 20.7% from August. The average list price of active listings is $1,343,830 up 2.5% from August’s average list price of $1,311,046. The lowest-priced active Lake Norman waterfront home is listed at $215,000 and the highest priced Lake Norman waterfront home is listed at $6,995,000. Based on this data, 4.9 months of inventory, we are currently in a balanced market for Lake Norman waterfront homes.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

Lake Norman Waterfront Condos & Townhomes

In August 2019 18 waterfront condos or townhomes sold in the Lake Norman area, a 5.3% decrease from the 19 Lake Norman waterfront condos sold in July 2019. August 2019 sales figures increased 5.9% from August 2018 when 17 Lake Norman waterfront condos sold.

The average sales price increased by 13.2% from $288,489 in July to $326,667 in August 2019. The August 2019 average sales price increased 9.4% from the August 2018 average sales price which was $298,647.

Average days on the market decreased by 16.7% from 60 in July to 50 days on the market in August 2019. The August 2018 average days on the market were 41 a 22% increase in market time from one year ago.

Currently there are 34 active Lake Norman waterfront condos listed in the MLS, a 6.3% increase in active inventory from August. There are 15 Lake Norman waterfront condos under contract, down 28.6% from August. The average list price of active listings is $335,426, up .7% from last months average list price of $332,941. The lowest-priced active Lake Norman waterfront condo is listed at $189,000 and the highest priced active Lake Norman waterfront condo is listed at $675,000. Based on this data, 1.9 months of inventory, we are currently in a seller’s market for Lake Norman waterfront condos.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

Lake Norman Waterfront Lots

In August 2019 6 waterfront lots sold in the Lake Norman area, a 14.3% decrease from the 7 Lake Norman waterfront lots sold in July 2019. August 2019 sales figures increased 50% from August 2018 when 4 Lake Norman waterfront lots sold.

The average sales price in August 2019 was $549,917, up 58.6% from the July 2019 average sales price which was $346,643 The August 2019 average sales price increased 94.6% from the August 2018 average sales price of $282,625

The average days on the market increased by 60.4% from 197 days in July to 316 days on the market in August 2019. Days on the market were up 163% from August 2018 when the average was 120 days on the market.

Currently, there are 203 active Lake Norman waterfront lots listed in the MLS, down 1.9% from August. There are 28 Lake Norman waterfront lots under contract, down 3.4% from August. The average list price is $533,504, up 4.7% from last month. The lowest-priced Lake Norman waterfront lot is listed at $60.000 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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.

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.

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

Stay up to date on the Lake Norman real estate market with our free market updates.