Lake Norman Waterfront Real Estate Update March 2019

Lake Norman Waterfront Real Estate Update March 2019

Lake Norman Waterfront Homes

In March 2019 20 waterfront homes sold in the Lake Norman area, a 26% decrease from the 27 Lake Norman waterfront homes sold in February 2019. March 2019 Lake Norman waterfront home sales figures decreased 31% from March 2018 when 29 Lake Norman waterfront homes sold.

The average sales price decreased by 6.5% from $890,833 in February to $832,913 in March 2019. The March 2019 average sales price decreased 11.7% from the March 2018 average sales price which was $942,831.

Average days on the market increased from 115 in February to 146 in March 2019, a 27% increase in market time. The March 2018 average days on the market were 112, a 30% increase in market time from one year ago.

Currently, there are 274 active Lake Norman waterfront homes listed in the MLS, up 8.7% from March. There are 89 Lake Norman waterfront homes under contract, up 35% from March. The average list price of active listings is $1,296,111 down 1.4% from March’s average list price of $1,313,951. 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 March 2019 14 waterfront condos or townhomes sold in the Lake Norman area, a 100% increase from the 7 Lake Norman waterfront condos sold in February 2019. March 2019 sales figures increased 55.6% from March 2018 when 9 Lake Norman waterfront condos sold.

The average sales price decreased by 15.7% from $314,857 in February to $265,536 in March 2019. The March 2019 average sales price decreased 16.5% from the March 2018 average sales price which was $318,100.

Average days on the market decreased by 21.4% from 70 in February to 55 days on the market in March 2019. The March 2018 average days on the market were 19 a 189% 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 March. There are 10 Lake Norman waterfront condos under contract, up 25% from March. The average list price of active listings is $332,208, up 3.9% from last months average list price of $319,849. 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 March 2019 4 waterfront lots sold in the Lake Norman area, a 0% decrease from the 4 Lake Norman waterfront lots sold in February 2019. March 2019 sales figures decreased 33% from March 2018 when 6 Lake Norman waterfront lots sold.

The average sales price in March 2019 was $323,750, down 46% from the February 2019 average sales price which was $601,125. The March 2019 average sales price increased 7.8% from the March 2018 average sales price of $300,417.

The average days on the market decreased by 64% from 127 days in February to 46 days on the market in March 2019. Days on the market were down 70% from March 2018 when the average was 155 days on the market.

Currently, there are 215 active Lake Norman waterfront lots listed in the MLS, up 3.4% from March. There are 19 Lake Norman waterfront lots under contract, down 13.6% from March. The average list price is $445,056, up .5% from last month. The lowest priced Lake Norman waterfront lot is listed at $45.000 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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Lake Norman Waterfront Real Estate Update February 2019

Lake Norman Waterfront Real Estate Update February 2019

Lake Norman Waterfront Homes

In February 2019 27 waterfront homes sold in the Lake Norman area, a 6.9% decrease from the 29 Lake Norman waterfront homes sold in January 2019. February 2019 Lake Norman waterfront home sales figures increased 3.8% from February 2018 when 26 Lake Norman waterfront homes sold.

The average sales price increased by 10.2% from $808,186 in January to $890,833 in February 2019. The February 2019 average sales price decreased 11.1% from the February 2018 average sales price which was $1,002,250.

Average days on the market increased from 119 in January to 115 in February 2019, a 3.4% decrease in market time. The February 2018 average days on the market were 145, a 20.7% decrease in market time from one year ago.

Currently there are 252 active Lake Norman waterfront homes listed in the MLS, up 8.6% from February. There are 66 Lake Norman waterfront homes under contract, up 32% from February. The average list price of active listings is $1,313,951 down 1.3% from February’s average list price of $1,331,714. 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 February 2019 7 waterfront condos or townhomes sold in the Lake Norman area, a 133% increase from the 3 Lake Norman waterfront condos sold in January 2019. February 2019 sales figures increased 75% from February 2018 when 4 Lake Norman waterfront condos sold.

The average sales price decreased by 8.8% from $345,333 in January to $314,857 in February 2019. The February 2019 average sales price increased 34.8% from the February 2018 average sales price which was $233,500.

Average days on the market increased by 141% from 29 in January to 70 days on the market in February 2019. The February 2018 average days on the market were 17 an 312% increase in market time from one year ago.

Currently there are 36 active Lake Norman waterfront condos listed in the MLS, a 24% increase in active inventory from February. There are 8 Lake Norman waterfront condos under contract, down 47% from February. The average list price of active listings is $319,489, down 15% from last months average list price of $376,066. The lowest priced active Lake Norman waterfront condo is listed at $194,000 and the highest priced active Lake Norman waterfront condo is listed at $1,040,000. 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 February 2019 4 waterfront lots sold in the Lake Norman area, a 60% decrease from the 10 Lake Norman waterfront lots sold in January 2019. February 2019 sales figures decreased 42.9% from February 2018 when 7 Lake Norman waterfront lots sold.

The average sales price in February 2019 was $601,125, down 1% from the January 2019 average sales price which was $607,350. The February 2019 average sales price increased 157% from the February 2018 average sales price of $233,929.

The average days on the market decreased by 43.8% from 226 days in January to 127days on the market in February 2019. Days on the market were up 42.7% from February 2018 when the average was 89 days on the market.

Currently there are 208 active Lake Norman waterfront lots listed in the MLS, up 17.5% from February. There are 22 Lake Norman waterfront lots under contract, up 4.8% from February. The average list price is $443,062, down 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 $2,950,000. Based on this data, 8 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 January 2019

Lake Norman Waterfront Real Estate Update January 2019

Lake Norman Waterfront Homes

In January 2019 29 waterfront homes sold in the Lake Norman area, a 21.6% decrease from the 37 Lake Norman waterfront homes sold in December 2018. January 2019 Lake Norman waterfront home sales figures decreased 3.3% from January 2018 when 30 Lake Norman waterfront homes sold.

The average sales price decreased 13.8% from $937,266 in December to $808,186 in January 2019. The January 2019 average sales price decreased 12.4% from the January 2018 average sales price which was $922,098.

Average days on the market increased from 109 in December to 119 in January 2019, a 9.2% increase in market time. The January 2018 average days on the market were 92, a 29.3% increase in market time from one year ago.

Currently there are 232 active Lake Norman waterfront homes listed in the MLS, up 6.9% from January. There are 50 Lake Norman waterfront homes under contract, down 12.3% from January. The average list price of active listings is $1,331,714 up .7% from January’s average list price of $1,322,893. 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.

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Lake Norman Waterfront Condos & Townhomes

In January 2019 3 waterfront condos or townhomes sold in the Lake Norman area, a 77% decrease from the 13 Lake Norman waterfront condos sold in December 2018. January 2019 sales figures decreased 25% from January 2018 when 4 Lake Norman waterfront condos sold.

The average sales price increased 1.5% from $340,265 in December to $345,333 in January 2019. The January 2019 average sales price increased 82% from the January 2018 average sales price which was $189,475.

Average days on the market decreased  68% from 87 in December to 29 days on the market in January 2019. The January 2018 average days on the market were 31 an 6.5% decrease in market time from one year ago.

Currently there are 29 active Lake Norman waterfront condos listed in the MLS, a 12.1% decrease in active inventory from January. There are 15 Lake Norman waterfront condos under contract, up 275% from January. The average list price of active listings is $376,066, up 2.8% from last months average list price of $365,806. The lowest priced active Lake Norman waterfront condo is listed at $175,000 and the highest priced active Lake Norman waterfront condo is listed at $1,040,000.

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Lake Norman Waterfront Lots

In January 2019 9 waterfront lots sold in the Lake Norman area, a 22.2% increase from the 7 Lake Norman waterfront lots sold in December 2018. January 2019 sales figures increased 33% from January 2018 when 6 Lake Norman waterfront lots sold.

The average sales price in January 2019 was $344,222, down 20.8% from the December 2018 average sales price which was $434,514. The January 2019 average sales price decreased .05% from the January 2018 average sales price of $344,400.

The average days on the market decreased 17.6% from 188 days in December to 155 days on the market in January 2019. Days on the market were down 9.2% from January 2018 when the average was 142 days on the market.

Currently there are 177 active Lake Norman waterfront lots listed in the MLS, up 3.5% from January. There are 21 Lake Norman waterfront lots under contract, up 50% from January. The average list price is $447,117, 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 $2,950,000.

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Lake Norman Waterfront Real Estate Update December 2018

Lake Norman Waterfront Real Estate Update December 2018

Lake Norman Waterfront Homes

In December 2018 37 waterfront homes sold in the Lake Norman area, a 12% increase from the 33 Lake Norman waterfront homes sold in November 2018. December 2018 Lake Norman waterfront home sales figures increased 19.4% from December 2017 when 31 Lake Norman waterfront homes sold.

The average sales price decreased 15.7% from $1,111,765 in November to $937,266 in December. The December 2018 average sales price increased 3% from the December 2017 average sales price which was $909,737.

Average days on the market increased from 120 in November to 109 in December, a 9.2%decrease in market time. The December 2017 average days on the market were 125, a 4% decrease in market time from one year ago.

Currently there are 217 active Lake Norman waterfront homes listed in the MLS, down 7.7% from December. There are 57 Lake Norman waterfront homes under contract, up 5.6% from December. The average list price of active listings is $1,322,893 up 2.5% from December’s average list price of $1,290,907. The lowest priced active Lake Norman waterfront home is listed at $150,000 and the highest priced Lake Norman waterfront home is listed at $6,950,000.

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Lake Norman Waterfront Condos & Townhomes

In December 2018 13 waterfront condos or townhomes sold in the Lake Norman area, a 30% increase from the 10 Lake Norman waterfront condos sold in November 2018. December 2018 sales figures increased 62.5% from December 2017 when 8 Lake Norman waterfront condos sold.

The average sales price increased 8.7% from $313,050 in November to $340,265 in December. The December 2018 average sales price increased 34.4% from the December 2017 average sales price which was $253,125.

Average days on the market increased  3.6% from 84 in November to 87 days on the market in December. The December 2017 average days on the market were 47 an 85% increase in market time from one year ago.

Currently there are 33 active Lake Norman waterfront condos listed in the MLS, a 19.5% decrease in active inventory from December. There are 4 Lake Norman waterfront condos under contract, down 64% from December. The average list price of active listings is $365,806, up 15.7% from last months average list price of $316,190. The lowest priced active Lake Norman waterfront condo is listed at $175,000 and the highest priced active Lake Norman waterfront condo is listed at $1,050,000.

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Lake Norman Waterfront Lots

In December 2018 9 waterfront lots sold in the Lake Norman area, a 22.2% increase from the 7 Lake Norman waterfront lots sold in November 2018. December 2018 sales figures increased 33% from December 2017 when 6 Lake Norman waterfront lots sold.

The average sales price in December was $344,222, down 20.8% from the November average sales price which was $434,514. The December 2018 average sales price decreased .05% from the December 2017 average sales price of $344,400.

The average days on the market decreased 17.6% from 188 days in November to 155 days on the market in December. Days on the market were down 9.2% from December 2017 when the average was 142 days on the market.

Currently there are 171 active Lake Norman waterfront lots listed in the MLS, down 10% from December. There are 14 Lake Norman waterfront lots under contract, down 26% from December. The average list price is $456,419, down 1.5% 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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