Lake Norman Waterfront Condo Market Update January 2016
Lake Norman Waterfront Condos & Townhomes
In January 2016 3 waterfront condos or townhomes sold in the Lake Norman area, a 66.7% decrease from the 9 Lake Norman waterfront condos sold in December 2015. January 2016 sales figures decreased 40% from January 2015 when 5 Lake Norman waterfront condos sold.
The average sales price decreased 32.6% from $377,333 in December to $254,333 in January. The January 2016 average sales price decreased 18.3% from the January 2015 average sales price which was $11,400.
Average days on the market increased 224% from 66 in December to 214 days on the market in January. The January 2015 average days on the market were 187, a 14.4% increase in market time.
Currently there are 32 active Lake Norman waterfront condos listed in the MLS with 11 also under contract, a 22% increase from January. The average list price is $315,423, up 12.9% from last month. The lowest priced active Lake Norman waterfront condo is listed at $149,900 and the highest priced active Lake Norman waterfront condo is listed at $729,000.
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