Lake Norman Waterfront Condo Market Update July 2015
Lake Norman Waterfront Condos & Townhomes
In July 2015 16 waterfront condos or townhomes sold in the Lake Norman area, a 60% increase from the 10 Lake Norman waterfront condos sold in June. July 2015 sales figures increased 100% from July 2014 when 8 Lake Norman waterfront condos sold.
The average sales price increased 20% from $235,575 in June to $282,656 in July. The July 2015 average sales price increased 9.2% from the July 2014 average sales price which was $258,750.
Average days on the market increased 3.8% from 80 in June to 83 in July. The July 2014 average days on the market were 42, a 97.6% increase in market time.
Currently there are 55 Lake Norman waterfront condos listed in the MLS with 11 of those under contract, a 31.3% decrease from July. The average list price is $297,687, up 1.8% from last month. The lowest priced Lake Norman waterfront condo is listed at $135,200 and the highest priced Lake Norman waterfront condo is listed at $897,500.
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