Tag: market report

Lake Norman Real Estate Market Update June 2016

Lake Norman Homes
In June 210 homes sold in the Lake Norman area, a 35% increase from the 156 homes sold in May. The June 2016 sales figures decreased 0% from June 2015 when 210 homes sold in the Lake Norman area.

The average sales price increased 12% from $501,229 in May to $561,078 in June. The June 2016 average sales price increased 15% from the June 2015 average sales price which was $487,688.

Average days on the market decreased 2.6% from 76 days on the market in May to 74 days on the market in June. The June 2015 average days on the market were 86, a 14% decrease in market time.

Currently there are 1072 active homes for sale in the Lake Norman MLS area, up 4.9% from June. The average list price is $764,822 down 1.8% from the June average list price of $779,166. The average days on the market are 182. 345 Lake Norman homes are currently under contract, down 9% from June.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In June 35 condos/townhomes sold in the Lake Norman area, a 25% increase from the 28 condos or townhomes sold in May. June 2016 sales figures increased 29.6% from June 2015 when 27 Lake Norman condos sold.

The average sales price increased 6.4% from $197,488 in May to $210,120 in June. The June 2016 average sales price decreased .5% from the June 2015 average sales price which was $211,237.

Average days on the market increased 14.3% from 56 in May to 64 in June. The June 2015 average days on the market were 79, a 19% decrease in market time.

Currently there are 71 active condo/townhome listings for sale in the Lake Norman MLS area, a 2.7% decrease from the 73 condos for sale in June. The average list price is $261,326, down 4.1% from June’s average list price of $272,549. The average days on the market are 107. 41 Lake Norman condos/townhomes are currently under contract, an 18% decrease from June.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Lots
In June 39 lots sold in the Lake Norman area, a 70% increase from the 23 lots sold in May. June 2016 sales figures increased 18.2% from June 2015 when 33 Lake Norman lots sold.

The average sales price increased 37.5% from $219,498 in May to $301,851 in June. The June 2016 average sales price increased 110% from the June 2015 average sales price which was $143,733.

Average days on the market increased 26.2% from 183 in May to 231 in June. The June 2015 average days on the market were 124, an 86.3% increase in market time versus the same time period last year.

Currently there are 716 active lot listings for sale in the Lake Norman MLS area, an increase of 0% from June. The average list price is $274,239, up 1.5% from June’s average list price of $270,315. The average days on the market are 500. 57 Lake Norman area lots are currently under contract, a 23% decrease from June.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Real Estate Market Update May 2016

Lake Norman Homes
In May 149 homes sold in the Lake Norman area, a 9.6% increase from the 136 homes sold in April. The May 2016 sales figures decreased 10.8% from May 2015 when 167 homes sold in the Lake Norman area.

The average sales price increased .5% from $497,420 in April to $499,812 in May. The May 2016 average sales price decreased .3% from the May 2015 average sales price which was $501,086.

Average days on the market decreased 7.2% from 83 days on the market in April to 77 days on the market in May. The May 2015 average days on the market were 83, a 7.2% decrease in market time.

Currently there are 1022 active homes for sale in the Lake Norman MLS area, up 6.2% from May. The average list price is $779,166 down 2.8% from the May average list price of $801,411. The average days on the market are 181. 379 Lake Norman homes are currently under contract, up 1.9% from May.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In May 28 condos/townhomes sold in the Lake Norman area, a 0% increase from the 28 condos or townhomes sold in April. May 2016 sales figures decreased 3.4% from May 2015 when 29 Lake Norman condos sold.

The average sales price decreased 2.7% from $202,963 in April to $197,488 in May. The May 2016 average sales price decreased 12.7% from the May 2015 average sales price which was $226,153.

Average days on the market decreased 21.1% from 71 in April to 56 in May. The May 2015 average days on the market were 92, a 39.1% decrease in market time.

Currently there are 73 active condo/townhome listings for sale in the Lake Norman MLS area, a 5.2% decrease from the 77 condos for sale in May. The average list price is $272,549, down 5.8% from May’s average list price of $289,372. The average days on the market are 102. 50 Lake Norman condos/townhomes are currently under contract, a 14% increase from May.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Lots
In May 23 lots sold in the Lake Norman area, a 9.5% increase from the 21 lots sold in April. May 2016 sales figures decreased 17.9% from May 2015 when 28 Lake Norman lots sold.

The average sales price increased 8.5% from $202,324 in April to $219,498 in May. The May 2016 average sales price increased 26.6% from the May 2015 average sales price which was $173,403.

Average days on the market increased 0% from 183 in April to 183 in May. The May 2015 average days on the market were 247, a 25.9% decrease in market time versus the same time period last year.

Currently there are 716 active lot listings for sale in the Lake Norman MLS area, an increase of 2.4% from May. The average list price is $270,315, up 6.3% from May’s average list price of $254,207. The average days on the market are 496. 74 Lake Norman area lots are currently under contract, a 6.3% decrease from May.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Real Estate Market Update April 2016

Lake Norman Homes
In April 131 homes sold in the Lake Norman area, an 18% increase from the 111 homes sold in March. The April 2016 sales figures decreased 5.8% from April 2015 when 139 homes sold in the Lake Norman area.

The average sales price increased 7.2% from $466,468 in March to $500,241 in April. The April 2016 average sales price increased 7.6% from the April 2015 average sales price which was $464,956.

Average days on the market decreased 1.2% from 86 days on the market in March to 85 days on the market in April. The April 2015 average days on the market were 103, a 17.5% decrease in market time.

Currently there are 962 active homes for sale in the Lake Norman MLS area, up 3.3% from April. The average list price is $801,411 up 1.9% from the April average list price of $786,294. The average days on the market are 185. 372 Lake Norman homes are currently under contract, up 8.1% from April.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In April 28 condos/townhomes sold in the Lake Norman area, a 3.4% decrease from the 29 condos or townhomes sold in March. April 2016 sales figures decreased 12.5% from April 2015 when 32 Lake Norman condos sold.

The average sales price decreased 7.2% from $218,796 in March to $202,963 in April. The April 2016 average sales price increased 16.1% from the April 2015 average sales price which was $174,758.

Average days on the market decreased 2.7% from 73 in March to 71 in April. The April 2015 average days on the market were 69, a 2.9% increase in market time.

Currently there are 77 active condo/townhome listings for sale in the Lake Norman MLS area, a 0% decrease from the 77 condos for sale in April. The average list price is $289,372, up 4.8% from April’s average list price of $276,127. The average days on the market are 107. 44 Lake Norman condos/townhomes are currently under contract, a 17% decrease from April.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Lots
In April 20 lots sold in the Lake Norman area, a 35.5% decrease from the 31 lots sold in March. April 2016 sales figures decreased 16.7% from April 2015 when 24 Lake Norman lots sold.

The average sales price increased 34% from $148,371 in March to $198,890 in April. The April 2016 average sales price increased 36.5% from the April 2015 average sales price which was $145,678.

Average days on the market increased 8.2% from 170 in March to 184 in April. The April 2015 average days on the market were 213, a 13.6% decrease in market time versus the same time period last year.

Currently there are 699 active lot listings for sale in the Lake Norman MLS area, an increase of 1.3% from April. The average list price is $254,207, up 4.7% from April’s average list price of $242,774. The average days on the market are 507. 79 Lake Norman area lots are currently under contract, a 0% increase from April.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Real Estate Market Update March 2016

Lake Norman Homes
In March 110 homes sold in the Lake Norman area, an 8.9% increase from the 101 homes sold in Febraury. The March 2016 sales figures decreased 20.9% from March 2015 when 139 homes sold in the Lake Norman area.

The average sales price decreased 8% from $509,783 in February to $469,255 in March. The March 2016 average sales price increased 14.7% from the March 2015 average sales price which was $409,009.

Average days on the market decreased 13% from 100 days on the market in February to 87 days on the market in March. The March 2015 average days on the market were 91, a 4.4% decrease in market time.

Currently there are 931 active homes for sale in the Lake Norman MLS area, up 12.7% from March. The average list price is $786,294 up .9% from the March average list price of $779,078. The average days on the market are 183. 344 Lake Norman homes are currently under contract, up 14.3% from March.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In March 29 condos/townhomes sold in the Lake Norman area, a 3.3% decrease from the 30 condos or townhomes sold in February. March 2016 sales figures increased 16% from March 2015 when 25 Lake Norman condos sold.

The average sales price increased 4.6% from $209,231 in February to $218,796 in March. The March 2016 average sales price increased 12.1% from the March 2015 average sales price which was $195,193.

Average days on the market decreased 1.4% from 74 in February to 73 in March. The March 2015 average days on the market were 77, a 5.2% decrease in market time.

Currently there are 77 active condo/townhome listings for sale in the Lake Norman MLS area, a 6.1% decrease from the 82 condos for sale in March. The average list price is $276,127, up 5.2% from March’s average list price of $262,574. The average days on the market are 109. 53 Lake Norman condos/townhomes are currently under contract, a 23.3% increase from March.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Lots
In March 31 lots sold in the Lake Norman area, a 41% increase from the 22 lots sold in February. March 2016 sales figures increased 41% from March 2015 when 22 Lake Norman lots sold.

The average sales price increased 7.8% from $137,663 in February to $148,371 in March. The March 2016 average sales price decreased 33.3% from the March 2015 average sales price which was $222,300.

Average days on the market decreased 1.2% from 172 in February to 170 in March. The March 2015 average days on the market were 231, a 26.4% decrease in market time versus the same time period last year.

Currently there are 690 active lot listings for sale in the Lake Norman MLS area, an increase of 2.7% from March. The average list price is $242,774, down 2.6% from March’s average list price of $249,235. The average days on the market are 505. 79 Lake Norman area lots are currently under contract, a 1.3% increase from March.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com