Lake Norman Condo Market Update October 2015
Lake Norman Condos & Townhomes
In October 2015 30 condos/townhomes sold in the Lake Norman area, a 25% decrease from the 40 condos or townhomes sold in September 2015. October 2015 sales figures increased 36.4% from October 2014 when 22 Lake Norman condos sold.
The average sales price decreased 3% from $213,166 in September 2015 to $206,683 in October 2015. The October 2015 average sales price increased 5.5% from the October 2014 average sales price which was $195,963.
Average days on the market decreased 5.2% from 58 in September to 55 in October. October 2014 average days on the market were 57, a 3.5% decrease in market time.
Currently there are 124 condo/townhomes for sale in the Lake Norman MLS area, a .8% increase from the 123 condos for sale in October. The average list price is $239,055, down .2% from October’s average list price of $239,645. The average days on the market are 100. 31 Lake Norman condos/townhomes are currently under contract, a 22.5% decrease from October.
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