Lake Norman Condo Market Update May 2015
Lake Norman Condos & Townhomes
In May 2015 32 condos/townhomes sold in the Lake Norman area, a 3% decrease from the 33 condos or townhomes sold in April 2015. May 2015 sales figures increased 39.1% from May 2014 when 23 Lake Norman condos sold.
The average sales price increased 9.2% from $191,977 in April 2014 to $209,670 in May 2015. The May 2015 average sales price increased 10.1% from the May 2014 average sales price which was $190,452.
Average days on the market increased 11.7% from 77 in April to 86 in May. May 2014 average days on the market were 116, a 25.9% decrease in market time.
Currently there are 141 condo/townhomes for sale in the Lake Norman MLS area, a 2.9% increase from the 137 condos for sale in May. The average list price is $244,729, up 1.3% from May’s average list price of $241,677. The average days on the market are 101. 45 Lake Norman condos/townhomes are currently under contract, a 15.4% increase from May.
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