Lake Norman Waterfront Condo Market Update December 2014

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Lake Norman Waterfront Condos & Townhomes

In December 2014 4 Lake Norman waterfront condos or townhomes sold in the Lake Norman MLS area, a 63.6% decrease from the 11 Lake Norman waterfront condos sold in November 2014. December 2014 sales figures increased 33% from December 2013 when 3 waterfront condos sold.

The average Lake Norman waterfront condo sales price increased 15.2% from $297,364 in November 2014 to $342,625 in December 2014. December 2014 average sales price increased 30.2% from the December 2013 average sales price which was $263,167.

The average Lake Norman waterfront condo days on the market decreased 48.4% from 126 in November 2014 to 65 in December 2014. December 2013 average days on the market were 52, a 25% increase in market time.

Currently there are 54 Lake Norman waterfront condos listed in the MLS with 8 of those under contract, a 0% increase from November. The average list price is $253,613, down 2.8% from last month. The lowest priced Lake Norman waterfront condo is listed at $128,000 and the highest priced Lake Norman waterfront condo is listed at $455,000.

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