Lake Norman Real Estate Market Update November 2018

Lake Norman Real Estate Update November 2018

Lake Norman Homes

In November 2018 121 homes sold in the Lake Norman area,  a 28.8% decrease from the 170 homes sold in October 2018. The November 2018 sales figures decreased 19.9% from November 2017 when 151 homes sold in the Lake Norman real estate market.

The average sales price increased 17% from $514,549 in October to $602,271 in November,. The November 2018 average sales price increased 11.2% from the November 2017 average sales price which was $541,443

Average days on the market increased 21.5% from 65 days on the market in October to 79 days on the market in November. The November 2017 average days on the market were 82, an 3.7% decrease in market time from last year.

Currently there are 719 active homes for sale in the Lake Norman MLS area, down 9.6% from November. The average list price is $752,572 up .8% from the November average list price of $746,727. The average days on the market are 168.  There are 251 Lake Norman homes currently under contract, down 2.3% from November. Based on this data we are currently in a balanced market, 5.9 months of inventory, in the Lake Norman real estate market.

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

Lake Norman Condos & Townhomes

In November 2018 27 condos/townhomes sold in the Lake Norman area, a 27% decrease from the 37 condos or townhomes sold in October 2018. November 2018 sales figures decreased 18.2% from November 2017 when 33 Lake Norman condos sold.

The average sales price decreased 5.1% from $269,050 in October to $255,327 in November. The November 2018 average sales price increased 14.5% from the November 2017 average sales price which was $223,001

Average days on the market increased 0% from 50 in October to 50 in November. The November 2017 average days on the market were 31, an 61.3% increase in market time from one year ago.

Currently there are 75 active condo/townhome listings for sale in the Lake Norman MLS area, a 7.1% increase from the 70 active condos for sale in November. The average list price is $350,646, down 4.7% from November’s average list price of $367,791. The average days on the market are 94. There are 51 Lake Norman condos/townhomes currently under contract, a 17.7% decrease from November. Based on this months data we are currently in a sellers market, only 2.8 months of inventory, in the Lake Norman condo market.

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

Lake Norman Land & Lots

In November 2018 19 lots sold in the Lake Norman area, a 51.3% decrease from the 39 lots sold in October 2018. November 2018 sales figures decreased 17.4% from November 2017 when 23 Lake Norman lots sold.

The average sales price increased 28.1% from $163,549 in October to $209,479 in November. The November 2018 average sales price increased 34.7% from the November 2017 average sales price which was $155,465.

Average days on the market increased 65.7% from 134 in October to 222 in November. The November 2017 average days on the market were 213, a 4.2% increase in market time versus the same time period last year.

Currently there are 522 active lot listings for sale in the Lake Norman MLS area, a decrease of 4.4% from November. The average list price is $256,595, down 3.7% from November’s average list price of $266,453. The average days on the market are 503. There are 55 Lake Norman area lots currently under contract, a 5.2% decrease from November. Based on this data, 27.5 months of inventory, we are in a buyers market for Lake Norman lots & land.

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

Search Lake Norman Homes For Sale

Lake Norman Real Estate Market Update October 2018

Lake Norman Real Estate Update October 2018

Lake Norman Homes

In October 2018 170 homes sold in the Lake Norman area,  a 12.6% increase from the 151 homes sold in September 2018. The October 2018 sales figures decreased 5.6% from October 2017 when 180 homes sold in the Lake Norman real estate market.

The average sales price decreased 9.4% from $568,185 in September to $514,549 in October,. The October 2018 average sales price decreased 5.2% from the October 2017 average sales price which was $542,725

Average days on the market decreased 8.5% from 71 days on the market in September to 65 days on the market in October. The October 2017 average days on the market were 80, an 18.8% decrease in market time from last year.

Currently there are 795 active homes for sale in the Lake Norman MLS area, down 4.4% from October. The average list price is $746,727 up .9% from the October average list price of $740,384. The average days on the market are 151.  There are 257 Lake Norman homes currently under contract, down 2.3% from October. Based on this data we are currently in a sellers market, 4.7 months of inventory, in the Lake Norman real estate market.

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

Lake Norman Condos & Townhomes

In October 2018 37 condos/townhomes sold in the Lake Norman area, a 23.3% increase from the 30 condos or townhomes sold in September 2018. October 2018 sales figures increased 42.3% from October 2017 when 26 Lake Norman condos sold.

The average sales price increased 2.3% from $262.965 in September to $269,050 in October. The October 2018 average sales price increased 19.3% from the October 2017 average sales price which was $225,436

Average days on the market increased 31.6% from 38 in September to 50 in October. The October 2017 average days on the market were 30, an 66.7% increase in market time from one year ago.

Currently there are 70 active condo/townhome listings for sale in the Lake Norman MLS area, a 6.1% increase from the 66 active condos for sale in October. The average list price is $367,791, down 6.4% from October’s average list price of $392,781. The average days on the market are 95. There are 62 Lake Norman condos/townhomes currently under contract, a 34.7% decrease from October. Based on this months data we are currently in a sellers market, only 1.9 months of inventory, in the Lake Norman condo market.

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

Lake Norman Land & Lots

In October 2018 39 lots sold in the Lake Norman area, a 105% increase from the 19 lots sold in September 2018. October 2018 sales figures increased 30% from October 2017 when 30 Lake Norman lots sold.

The average sales price decreased 7.7% from $177,116 in September to $163,549 in October. The October 2018 average sales price increased 2% from the October 2017 average sales price which was $160,264.

Average days on the market decreased 3.6% from 139 in September to 134 in October. The October 2017 average days on the market were 150, a 10.7% decrease in market time versus the same time period last year.

Currently there are 546 active lot listings for sale in the Lake Norman MLS area, an increase of 1.3% from October. The average list price is $266,453, down 1.5% from October’s average list price of $270,398. The average days on the market are 524. There are 58 Lake Norman area lots currently under contract, a 24% decrease from October. Based on this data, 14 months of inventory, we are in a buyers market for Lake Norman lots & land.

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

Search Lake Norman Homes For Sale

Lake Norman Real Estate Market Update September 2018

Lake Norman Real Estate Update September 2018

Lake Norman Homes

In September 2018 144 homes sold in the Lake Norman area,  a 42.6% decrease from the 251 homes sold in August 2018. The September 2018 sales figures decreased 29.4% from September 2017 when 204 homes sold in the Lake Norman real estate market.

The average sales price increased 9.1% from $532,102 in August to $580,627 in September,. The September 2018 average sales price increased 7.5% from the September 2017 average sales price which was $540,370

Average days on the market decreased 11.3% from 80 days on the market in August to 71 days on the market in September. The September 2017 average days on the market were 79, a 10.1% decrease in market time from last year.

Currently there are 832 active homes for sale in the Lake Norman MLS area, up 1.3% from September. The average list price is $740,384 down 2.7% from the September average list price of $761,033. The average days on the market are 146.  There are 263 Lake Norman homes currently under contract, down 15.7% from September. Based on this data we are currently in a sellers market, 5.8 months of inventory, in the Lake Norman real estate market.

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

Lake Norman Condos & Townhomes

In September 2018 30 condos/townhomes sold in the Lake Norman area, a 36.2 decrease from the 47 condos or townhomes sold in August 2018. September 2018 sales figures decreased 14.3% from September 2017 when 35 Lake Norman condos sold.

The average sales price increased 5.3% from $249,700 in August to $262,965 in September. The September 2018 average sales price increased 5.4% from the September 2017 average sales price which was $249,455

Average days on the market decreased 15.6% from 45 in August to 38 in September. The September 2017 average days on the market were 40, an 5% decrease in market time from one year ago.

Currently there are 66 active condo/townhome listings for sale in the Lake Norman MLS area, a 1.5% decrease from the 67 active condos for sale in September. The average list price is $392,781, up 1.6% from September’s average list price of $386,761. The average days on the market are 95. There are 59 Lake Norman condos/townhomes currently under contract, a 6.3% decrease from September. Based on this months data we are currently in a sellers market, only 2.2 months of inventory, in the Lake Norman condo market.

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

Lake Norman Land & Lots

In September 2018 19 lots sold in the Lake Norman area, a 5% decrease from the 20 lots sold in August 2018. September 2018 sales figures decreased 55% from September 2017 when 42 Lake Norman lots sold.

The average sales price increased 13.1% from $156,593 in August to $177,116 in September. The September 2018 average sales price decreased 20.8% from the September 2017 average sales price which was $223,507.

Average days on the market increased 22% from 114 in August to 139 in September. The September 2017 average days on the market were 185, a 24.9% decrease in market time versus the same time period last year.

Currently there are 539 active lot listings for sale in the Lake Norman MLS area, a decrease of .9% from September. The average list price is $270,398, down 3.5% from September ’s average list price of $280,187. The average days on the market are 514. There are 76 Lake Norman area lots currently under contract, a 1.3% decrease from September. Based on this data, 28.4 months of inventory, we are in a buyers market for Lake Norman lots & land.

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

Search Lake Norman Homes For Sale

Lake Norman Real Estate Market Update August 2018

Lake Norman Real Estate Update August 2018

Lake Norman Homes

In August 2018 251 homes sold in the Lake Norman area,  an 18.4% increase from the 212 homes sold in July 2018. The August 2018 sales figures increased 17.3% from August 2017 when 214 homes sold in the Lake Norman real estate market.

The average sales price increased 3.7% from $513,154 in July to $532,102 in August,. The August 2018 average sales price increased .8% from the August 2017 average sales price which was $527,849

Average days on the market increased 12.7% from 71 days on the market in July to 80 days on the market in August. The August 2017 average days on the market were also 80, a 0% decrease in market time from last year.

Currently there are 821 active homes for sale in the Lake Norman MLS area, up 1.1% from August. The average list price is $761,033 down 3.6% from the August average list price of $789,802. The average days on the market are 145.  312 Lake Norman homes are currently under contract, down 9.3% from August. Based on this data we are currently in a sellers market, 3.3 months of inventory, in the Lake Norman real estate market.

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

Lake Norman Condos & Townhomes

In August 2018 47 condos/townhomes sold in the Lake Norman area, a 2.2 increase from the 46 condos or townhomes sold in July 2018. August 2018 sales figures increased 46.9% from August 2017 when 32 Lake Norman condos sold.

The average sales price decreased 6.7% from $267,557 in July to $249,700 in August. The August 2018 average sales price increased 14.1% from the August 2017 average sales price which was $218,916

Average days on the market increased 80% from 25 in July to 45 in August. The August 2017 average days on the market were 38, an 18.4% increase in market time from one year ago.

Currently there are 67 active condo/townhome listings for sale in the Lake Norman MLS area, a 7% decrease from the 72 active condos for sale in August. The average list price is $386,761, up 1% from August’s average list price of $382,749. The average days on the market are 100. 63 Lake Norman condos/townhomes are currently under contract, a 6% decrease from August. Based on this months data we are currently in a sellers market, only 1.4 months of inventory, in the Lake Norman condo market.

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

Lake Norman Land & Lots

In August 2018 20 lots sold in the Lake Norman area, a 26% decrease from the 27 lots sold in July 2018. August 2018 sales figures decreased 42.9% from August 2017 when 35 Lake Norman lots sold.

The average sales price decreased 11.1% from $176,148 in July to $156,593 in August. The August 2018 average sales price increased 3.7% from the August 2017 average sales price which was $150,937.

Average days on the market decreased 47% from 215 in July to 114 in August. The August 2017 average days on the market were 174, a 34.5% decrease in market time versus the same time period last year.

Currently there are 544 active lot listings for sale in the Lake Norman MLS area, a decrease of 4.6% from August. The average list price is $280,187, down 1.9% from August’s average list price of $285,655. The average days on the market are 512. 77 Lake Norman area lots are currently under contract, a 16.7% increase from August. Based on this data, 27.2 months of inventory, we are in a buyers market for Lake Norman lots & land.

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

Search Lake Norman Homes For Sale