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 Real Estate Market Update January 2019

Lake Norman Real Estate Update January 2019

Lake Norman Homes

In January 2019 105 homes sold in the Lake Norman area,  a 23.4% decrease from the 137 homes sold in December 2018. The January 2019 sales figures increased 6.1% from January 2018  when 99 homes sold in the Lake Norman real estate market.

The average sales price decreased 11.1% from $547,872 in December to $486,793 in January 2019,. The January 2019 average sales price decreased 7.6% from the January 2018 average sales price which was $527,032.

Average days on the market increased 13.2% from 76 days on the market in December to 86 days on the market in January 2019. The January 2018 average days on the market were 79, an 8.9% increase in market time from last year.

Currently there are 710 active homes for sale in the Lake Norman MLS area, up 3.3% from January. The average list price is $773,160 up 2.9% from the January average list price of $751,550. The average days on the market are 166.  There are 331 Lake Norman homes currently under contract, up 19% from January. Based on this data we are currently in a balanced market, 6.8 months of inventory, in the Lake Norman real estate market.

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Lake Norman Condos & Townhomes

In January 2019 16 condos/townhomes sold in the Lake Norman area, a 23.8% decrease from the 21 condos or townhomes sold in December 2018. January 2019 sales figures decreased 36% from January 2018 when 25 Lake Norman condos sold.

The average sales price decreased 13.8% from $297,284 in December to $256,301 in January 2019. The January 2019 average sales price increased 20.6% from the January 2018 average sales price which was $212,479.

Average days on the market decreased 59.4% from 64 in December to 26 in January 2019. The January 2018 average days on the market were 45, a  42.2% decrease in market time from one year ago.

Currently there are 76 active condo/townhome listings for sale in the Lake Norman MLS area, a 2.7% increase from the 74 active condos for sale in January. The average list price is $358,577, up 1.7% from January’s average list price of $352,423. The average days on the market are 109. There are 56 Lake Norman condos/townhomes currently under contract, a 12% increase from January. Based on this months data we are currently in a sellers market, only 4.8 months of inventory, in the Lake Norman condo market.

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Lake Norman Land & Lots

In January 2019 20 lots sold in the Lake Norman area, a 17.6% increase from the 17 lots sold in December 2018. January 2019 sales figures decreased 20% from January 2018 when 25 Lake Norman lots sold.

The average sales price increased 7% from $308,719 in December to $330,250 in January 2019. The January 2019 average sales price increased 130% from the January 2018 average sales price which was $143,840.

Average days on the market increased 13% from 207 in December to 234 in January 2019. The January 2018 average days on the market were 243, a 3.7% decrease in market time versus the same time period last year.

Currently there are 502 active lot listings for sale in the Lake Norman MLS area, a decrease of 1.42.5% from January. The average list price is $262,487, up 1.3% from January’s average list price of $259,109. The average days on the market are 493. There are 57 Lake Norman area lots currently under contract, a 24% increase from January. Based on this data, 25.1 months of inventory, we are in a buyers market for Lake Norman lots & land.

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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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Lake Norman Real Estate Market Update December 2018

Lake Norman Real Estate Update December 2018

Lake Norman Homes

In December 2018 137 homes sold in the Lake Norman area,  a 12.3% increase from the 122 homes sold in November 2018. The December 2018 sales figures decreased 122.2% from December 2017 when 176 homes sold in the Lake Norman real estate market.

The average sales price decreased 8.7% from $599,862 in November to $547,872 in December,. The December 2018 average sales price increased 13.2% from the December 2017 average sales price which was $484,190.

Average days on the market decreased 3.8% from 79 days on the market in November to 76 days on the market in December. The December 2017 average days on the market were 82, an 3.7% decrease in market time from last year.

Currently there are 687 active homes for sale in the Lake Norman MLS area, down 4.5% from December. The average list price is $751,550 down .1% from the December average list price of $752,572. The average days on the market are 172.  There are 276 Lake Norman homes currently under contract, up 10% from December. Based on this data we are currently in a balanced market, 5.0 months of inventory, in the Lake Norman real estate market.

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Lake Norman Condos & Townhomes

In December 2018 21 condos/townhomes sold in the Lake Norman area, a 22.2% decrease from the 27 condos or townhomes sold in November 2018. December 2018 sales figures decreased 34.4% from December 2017 when 32 Lake Norman condos sold.

The average sales price increased 16.4% from $255,327 in November to $297,284 in December. The December 2018 average sales price increased 29.3% from the December 2017 average sales price which was $229,978.

Average days on the market increased 28% from 50 in November to 64 in December. The December 2017 average days on the market were 31, a 106% increase in market time from one year ago.

Currently there are 74 active condo/townhome listings for sale in the Lake Norman MLS area, a 1.3% decrease from the 75 active condos for sale in December. The average list price is $352,423, up .5% from December’s average list price of $350,646. The average days on the market are 105. There are 50 Lake Norman condos/townhomes currently under contract, a 2% decrease from December. Based on this months data we are currently in a sellers market, only 3.5 months of inventory, in the Lake Norman condo market.

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Lake Norman Land & Lots

In December 2018 16 lots sold in the Lake Norman area, a 15.8% decrease from the 19 lots sold in November 2018. December 2018 sales figures decreased 0% from December 2017 when 16 Lake Norman lots sold.

The average sales price increased 43.5% from $209,479 in November to $300,633 in December. The December 2018 average sales price increased 62% from the December 2017 average sales price which was $185.556.

Average days on the market decreased 1.4% from 222 in November to 219 in December. The December 2017 average days on the market were 160, a 36.9% increase in market time versus the same time period last year.

Currently there are 509 active lot listings for sale in the Lake Norman MLS area, a decrease of 2.5% from December. The average list price is $259,109, up 1% from December’s average list price of $256,595. The average days on the market are 494. There are 46 Lake Norman area lots currently under contract, a 16% decrease from December. Based on this data, 31.8 months of inventory, we are in a buyers market for Lake Norman lots & land.

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