February 2015 Lake Norman Condo Market Update

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Lake Norman Condos & Townhomes
In February 2015 23 condos/townhomes sold in the Lake Norman area, a 155.6% increase from the 9 condos or townhomes sold in January 2014. February 2015 sales figures increased 91.7% from February 2014 when 12 Lake Norman condos sold.

The average sales price decreased 25% from $242,167 in January 2014 to $181,653 in February 2015. The February 2015 average sales price decreased 1.5% from the February 2014 average sales price which was $184,404.

Average days on the market decreased 54.7% from 170 in January to 77 in February. February 2014 average days on the market were 90, a 14.4% decrease in market time.

Currently there are 85 condo/townhomes for sale in the Lake Norman MLS area, a 3.7% increase from the 82 condos for sale in January. The average list price is $239,784, up 1.7% from January’s average list price of $235,768. The average days on the market are 131. 29 Lake Norman condos/townhomes are currently under contract, a 21.6% decrease from January.

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

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