Lake Norman Condo Market Update August 2015

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Lake Norman Condo Market Update August 2015

Lake Norman Condos & Townhomes
In August 2015 34 condos/townhomes sold in the Lake Norman area, a 17.1% decrease from the 41 condos or townhomes sold in July 2015. August 2015 sales figures increased 36% from August 2014 when 25 Lake Norman condos sold.

The average sales price increased .9% from $210,615 in July 2015 to $212,583 in August 2015. The August 2015 average sales price increased 5.8% from the August 2014 average sales price which was $200,886.

Average days on the market decreased 27.5% from 69 in July to 50 in August. August 2014 average days on the market were 59, a 15.3% decrease in market time.

Currently there are 122 condo/townhomes for sale in the Lake Norman MLS area, a 0% decrease from the 122 condos for sale in August. The average list price is $245,240, down 2% from August’s average list price of $250,253. The average days on the market are 101. 40 Lake Norman condos/townhomes are currently under contract, a 21.2% increase from August.

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