Lake Norman Waterfront Condo Market Update March 2015

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Lake Norman Waterfront Condos & Townhomes
In March 2015 5 waterfront condos or townhomes sold in the Lake Norman area, a 16.7% decrease from the 6 Lake Norman waterfront condos sold in February. March 2015 sales figures increased 0% from March 2014 when 5 waterfront condos sold.

The average sales price decreased 15.1% from $232,000 in February 2014 to $196,900 in March. The March 2015 average sales price decreased 8.4% from the March 2014 average sales price which was $215,050.

Average days on the market increased 112.3% from 65 in February to 138 in March. The March 2014 average days on the market were 210, a 34.3% decrease in market time.

Currently there are 75 Lake Norman waterfront condos listed in the MLS with 19 of those under contract, a 58.3% increase from February. The average list price is $264,617, up 1.2% from last month. The lowest priced Lake Norman waterfront condo is listed at $119,900 and the highest priced Lake Norman waterfront condo is listed at $830,000.

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