Lake Norman Waterfront Condo Market Update February 2015

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Lake Norman Waterfront Condos & Townhomes
In February 2015 6 waterfront condos or townhomes sold in the Lake Norman area, a 20% increase from the 5 Lake Norman waterfront condos sold in January. February 2015 sales figures increased 500% from February 2014 when 1 waterfront condos sold.

The average sales price decreased 25.6% from $312,000 in January 2014 to $232,000 in February. The February 2015 average sales price decreased 3.3% from the February 2014 average sales price which was $240,000.

Average days on the market decreased 63.3% from 177 in January to 65 in February. The February 2014 average days on the market were 108, a 39.8% decrease in market time.

Currently there are 59 Lake Norman waterfront condos listed in the MLS with 12 of those under contract, a 33% increase from January. The average list price is $261,397, up 3.1% from last month. The lowest priced Lake Norman waterfront condo is listed at $124,500 and the highest priced Lake Norman waterfront condo is listed at $495,000.

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