Lake Norman Waterfront Condo Market Update February 2016
Lake Norman Waterfront Condos & Townhomes
In February 9 waterfront condos or townhomes sold in the Lake Norman area, a 200% increase from the 3 Lake Norman waterfront condos sold in January. February 2016 sales figures increased 80% from February 2015 when 5 Lake Norman waterfront condos sold.
The average sales price decreased 15.2% from $254,333 in January to $215,611 in February. The February 2016 average sales price decreased 7.1% from the February 2015 average sales price which was $232,000.
Average days on the market decreased 43.5% from 214 in January to 121 days on the market in February. The February 2015 average days on the market were 54, a 124.1% increase in market time.
Currently there are 45 active Lake Norman waterfront condos listed in the MLS with 8 also under contract, a 27% decrease from February. The average list price is $304,450, down 3.5% from last month. The lowest priced active Lake Norman waterfront condo is listed at $139,900 and the highest priced active Lake Norman waterfront condo is listed at $725,000.
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