Lake Norman Condo Market Update November 2015
Lake Norman Condos & Townhomes
In November 2015 22 condos/townhomes sold in the Lake Norman area, a 26.7% decrease from the 30 condos or townhomes sold in October 2015. November 2015 sales figures decreased 12% from November 2014 when 25 Lake Norman condos sold.
The average sales price increased .3% from $206,683 in October 2015 to $207,404 in November 2015. The November 2015 average sales price decreased 10.3% from the November 2014 average sales price which was $231,192.
Average days on the market increased 5.5% from 55 in October to 58 in November. November 2014 average days on the market were 73, a 20.5% decrease in market time.
Currently there are 113 condo/townhomes for sale in the Lake Norman MLS area, a 5% decrease from the 119 condos for sale in November. The average list price is $230,996, down 3.4% from November’s average list price of $239,055. The average days on the market are 111. 34 Lake Norman condos/townhomes are currently under contract, a 9.7% increase from November.
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