April 2015 Lake Norman Waterfront Condo Market Update
Lake Norman Waterfront Condos & Townhomes
In April 2015 13 waterfront condos or townhomes sold in the Lake Norman area, a 160% increase from the 5 Lake Norman waterfront condos sold in March. April 2015 sales figures increased 44.4% from April 2014 when 9 waterfront condos sold.
The average sales price increased 17.3% from $196,900 in March to $230,992 in April. The April 2015 average sales price decreased 13.7% from the April 2014 average sales price which was $267,722.
Average days on the market decreased 25.4% from 138 in March to 103 in April. The April 2014 average days on the market were 158, a 34.8% decrease in market time.
Currently there are 73 Lake Norman waterfront condos listed in the MLS with 21 of those under contract, a 10.5% increase from April. The average list price is $268,553, up 1.1% from last month. The lowest priced Lake Norman waterfront condo is listed at $124,750 and the highest priced Lake Norman waterfront condo is listed at $830,000.
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