March 2015 Lake Norman Condo Market Update

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Lake Norman Condos & Townhomes
In March 2015 25 condos/townhomes sold in the Lake Norman area, a 8.76% increase from the 23 condos or townhomes sold in February 2015. March 2015 sales figures increased 108.3% from March 2014 when 12 Lake Norman condos sold.

The average sales price increased 2.1% from $181,653 in February 2014 to $185,416 in March 2015. The March 2015 average sales price increased .4% from the March 2014 average sales price which was $184,742.

Average days on the market increased 6.5% from 77 in February to 82 in March. March 2014 average days on the market were 165, a 50.3% decrease in market time.

Currently there are 106 condo/townhomes for sale in the Lake Norman MLS area, a 24.7% increase from the 85 condos for sale in February. The average list price is $236,090, down 1.5% from February’s average list price of $239,784. The average days on the market are 116. 33 Lake Norman condos/townhomes are currently under contract, a 13.8% increase from February.

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