Lake Norman Condo Market Update December 2015
Lake Norman Condos & Townhomes
In December 2015 27 condos/townhomes sold in the Lake Norman area, a 22.7% increase from the 22 condos or townhomes sold in November 2015. December 015 ales figures increased 107.7% from December 2014 when 13 Lake Norman condos sold.
The average sales price increased 21.9% from $207,404 in November 2015 to $252,882 in December 2015. The December 2015 average sales price increased 12.1% from the December 2014 average sales price which was $225,636.
Average days on the market increased 8.6% from 58 in November to 63 in December. December 2014 average days on the market were 110, a 42.7% decrease in market time.
Currently there are 80 condo/townhomes for sale in the Lake Norman MLS area, a 29% decrease from the 113 condos for sale in December. The average list price is $245,305, up 6.2% from December’s average list price of $230,996. The average days on the market are 104. 35 Lake Norman condos/townhomes are currently under contract, a 2.9% increase from December.
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