Lake Norman Condo Market Update July 2015
Lake Norman Condos & Townhomes
In July 2015 41 condos/townhomes sold in the Lake Norman area, a 64% increase from the 25 condos or townhomes sold in June 2015. July 2015 sales figures increased 51.9% from July 2014 when 27 Lake Norman condos sold.
The average sales price increased 6.3% from $200,516 in June 2015 to $213,054 in July 2015. The July 2015 average sales price decreased 1% from the July 2014 average sales price which was $215,111.
Average days on the market increased 3% from 67 in June to 69 in July. July 2014 average days on the market were 54, a 27.8% increase in market time.
Currently there are 122 Lake Norman condos for sale in the Lake Norman MLS area, a 10.3% decrease from the 136 condos for sale in July. The average list price is $250,253, up 2.2% from July’s average list price of $244,867. The average days on the market are 112. 33 Lake Norman condos/townhomes are currently under contract, a 29.8% decrease from July.
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