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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Lake Norman Waterfront Real Estate Update June 2018

Lake Norman Waterfront Real Estate Update June 2018

Lake Norman Waterfront Homes

In June 2018 62 waterfront homes sold in the Lake Norman area, a 24% increase from the 50 Lake Norman waterfront homes sold in May 2018. June 2018 Lake Norman waterfront home sales figures decreased 1.6% from June 2017 when 63 Lake Norman waterfront homes sold.

The average sales price decreased 14.3774% from $1,040,103 in May to $891,791 in June. The June 2018 average sales price increased 15.2% from the June 2017 average sales price which was $774,052.

Average days on the market increased from 84 in May to 90 in June, a 7% increase in market time. The June 2017 average days on the market were 124, a 27% decrease in market time.

Currently there are 304 active Lake Norman waterfront homes listed in the MLS, down 1.3% from June, with 106 also under contract, up 8.2% from June. The average list price is $1,167,027 down.4% from June’s average list price of $1,171,423. 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 June 2018 8 waterfront condos or townhomes sold in the Lake Norman area, a 33% decrease from the 12 Lake Norman waterfront condos sold in May 2018. June 2018 sales figures decreased 33% from June 2017 when 12 Lake Norman waterfront condos sold.

The average sales price decreased .09% from $270,742 in May to $270,500 in June. The June 2018 average sales price decreased 14.4% from the June 2017 average sales price which was $315,988.

Average days on the market decreased 22.2% from 36 in May to 44 days on the market in June. The June 2017 average days on the market were 65, a 32.3% decrease in market time from one year ago.

Currently there are 41 active Lake Norman waterfront condos listed in the MLS, a 14% increase in active inventory from June, with 15 also under contract, down 6.3% from June. The average list price is $381,271, down 1.2% from last months list price of $385,847. The lowest priced active Lake Norman waterfront condo is listed at $189,900 and the highest priced active Lake Norman waterfront condo is listed at $1,045,000.

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Lake Norman Waterfront Lots

In June 2018 9 waterfront lots sold in the Lake Norman area, an 80% increase from the 5 Lake Norman waterfront lots sold in May 2018. June 2018 sales figures decreased 44% from June 2017 when 16 Lake Norman waterfront lots sold.

The average sales price in June was $294,389, up 70% from the May average sales price which was $173,000. The June 2018 average sales price decreased 30% from the June 2017 average sales price of $418,438.

The average days on the market increased 92% from 158 days in May to 303 days on the market in June. Days on the market were up 171% from June 2017 when the average was 112 days on the market.

Currently there are 224 active Lake Norman waterfront lots listed in the MLS, down 3% from June, with 25 more under contract. The average list price is $498,332, down .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 $4,500,000.

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Lake Norman Waterfront Real Estate Update May 2018

Lake Norman Waterfront Real Estate Update May 2018

Lake Norman Waterfront Homes

In May 2018 49 waterfront homes sold in the Lake Norman area, a 9% increase from the 45 Lake Norman waterfront homes sold in April 2018. May 2018 Lake Norman waterfront home sales figures decreased 7.5% from May 2017 when 53 Lake Norman waterfront homes sold.

The average sales price decreased 11% from $1,180,370 in April to $1,050,615 in May. The May 2018 average sales price increased 26% from the May 2017 average sales price which was $834,435.

Average days on the market decreased from 109 in April to 86 in May, a 21% decrease in market time. The May 2017 average days on the market were 106, a 21% decrease in market time.

Currently there are 308 active Lake Norman waterfront homes listed in the MLS, up 2.7% from May, with 98 also under contract, down 12.5% from May. The average list price is $1,171,423 down 7% from May’s average list price of $1,260,965. The lowest priced active Lake Norman waterfront home is listed at $179,900 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In May 2018 12 waterfront condos or townhomes sold in the Lake Norman area, a 20% increase from the 10 Lake Norman waterfront condos sold in April 2018. May 2018 sales figures decreased 20% from May 2017 when 15 Lake Norman waterfront condos sold.

The average sales price decreased 26.3% from $367,250 in April to $270,742 in May. The May 2018 average sales price increased 4.7% from the May 2017 average sales price which was $258,510.

Average days on the market decreased 18.2% from 44 in April to 36 days on the market in May. The May 2017 average days on the market were 54, a 33% decrease in market time from one year ago.

Currently there are 36 active Lake Norman waterfront condos listed in the MLS, a 50% increase in active inventory from May, with 16 also under contract, up 14.3% from May. The average list price is $385,847, up 11.4% from last months list price of $346,483. The lowest priced active Lake Norman waterfront condo is listed at $189,900 and the highest priced active Lake Norman waterfront condo is listed at $1,195,000.

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Lake Norman Waterfront Lots

In May 2018 5 waterfront lots sold in the Lake Norman area, a 17% decrease from the 6 Lake Norman waterfront lots sold in April 2018. May 2018 sales figures decreased 28.6% from May 2017 when 7 Lake Norman waterfront lots sold.

The average sales price in April was $173,000, down 49% from the April average sales price which was $339,783. The May 2018 average sales price decreased 67% from the May 2017 average sales price of $522,000.

The average days on the market decreased 48% from 303 days in April to 158 days on the market in May. Days on the market were down 19.4% from May 2017 when the average was 196 days on the market.

Currently there are 231 active Lake Norman waterfront lots listed in the MLS, up .2.2% from May, with 27 more under contract. The average list price is $502,719, up 4.4% 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 $4,500,000.

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Lake Norman Waterfront Real Estate Update April 2018

Lake Norman Waterfront Real Estate Update April 2018

Lake Norman Waterfront Homes

In April 2018 46 waterfront homes sold in the Lake Norman area, a 92% increase from the 24 Lake Norman waterfront homes sold in March 2018. April 2018 Lake Norman waterfront home sales figures increased 58.6% from April 2017 when 29 Lake Norman waterfront homes sold.

The average sales price increased 20.6% from $969,046 in March to $1,168,601 in April. The April 2018 average sales price increased 35.% from the April 2017 average sales price which was $866,237.

Average days on the market decreased from 118 in March to 107 in April, a 9.3% decrease in market time. The April 2017 average days on the market were 107, a 0% decrease in market time.

Currently there are 300 active Lake Norman waterfront homes listed in the MLS, up 6.8% from April, with 112 also under contract, up 8.7% from April. The average list price is $1,260,965 up 7.7% from April. The lowest priced active Lake Norman waterfront home is listed at $162,500 and the highest priced Lake Norman waterfront home is listed at $7,450,000.

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Lake Norman Waterfront Condos & Townhomes

In April 2018 10 waterfront condos or townhomes sold in the Lake Norman area, a 43% increase from the 7 Lake Norman waterfront condos sold in March 2018. April 2018 sales figures increased 25% from April 2017 when 8 Lake Norman waterfront condos sold.

The average sales price increased 9.6% from $335,014 in March to $367,250 in April. The April 2018 average sales price increased 3.3% from the April 2017 average sales price which was $355,363.

Average days on the market increased 100% from 22 in March to 44 days on the market in April. The April 2017 average days on the market were 69, a 36% decrease in market time from one year ago.

Currently there are 24 active Lake Norman waterfront condos listed in the MLS, a 26% increase in active inventory from April, with 14 also under contract, down 6.7% from April. The average list price is $346,483, down 2.2% from last month. The lowest priced active Lake Norman waterfront condo is listed at $235,000 and the highest priced active Lake Norman waterfront condo is listed at $875,000.

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Lake Norman Waterfront Lots

In April 2018 6 waterfront lots sold in the Lake Norman area, a 20% increase from the 5 Lake Norman waterfront lots sold in March 2018. April 2018 sales figures decreased 33% from April 2017 when 9 Lake Norman waterfront lots sold.

The average sales price in April was $339,783, up 7.7% from the March average sales price which was $315,500. The April 2018 average sales price decreased 19% from the April 2017 average sales price of $419,722.

The average days on the market increased 66.5% from 182 days in March to 303 days on the market in April. Days on the market were up 35.9% from April 2017 when the average was 223 days on the market.

Currently there are 226 active Lake Norman waterfront lots listed in the MLS, up .8.7% from April, with 26 more under contract. The average list price is $481,395, down 1.6% 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 $4,500,000.

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