Lake Norman Condo Market Update September 2015
Lake Norman Condos & Townhomes
In September 2015 40 condos/townhomes sold in the Lake Norman area, a 21.2% increase from the 33 condos or townhomes sold in August 2015. September 2015 sales figures increased 33.3% from September 2014 when 30 Lake Norman condos sold.
The average sales price increased .6% from $211,819 in August 2015 to $213,166 in September 2015. The September 2015 average sales price increased 8.4% from the September 2014 average sales price which was $196,592.
Average days on the market decreased 3.3% from 60 in August to 58 in September. September 2014 average days on the market were 91, a 36.3% decrease in market time.
Currently there are 123 condo/townhomes for sale in the Lake Norman MLS area, a .8% increase from the 122 condos for sale in September. The average list price is $239,645, down 2.3% from September’s average list price of $245,240. The average days on the market are 101. 40 Lake Norman condos/townhomes are currently under contract, a 0% increase from September.
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