Lake Norman Waterfront Condo Market Update May 2015
Lake Norman Waterfront Condos & Townhomes
In May 2015 18 Lake Norman waterfront condos or townhomes sold in the Lake Norman area, a 38.5% increase from the 13 Lake Norman waterfront condos sold in April. May 2015 sales figures increased 157.1% from May 2014 when 7 waterfront condos sold.
The average Lake Norman waterfront condo sales price increased 2.2% from $230,992 in April to $236,142 in May. The May 2015 average sales price increased 12.1% from the May 2014 average sales price which was $210,629.
Average days on the market increased .9% from 103 in April to 104 in May. The May 2014 average days on the market were 134, a 22.4% decrease in market time.
Currently there are 66 Lake Norman waterfront condos listed in the MLS with 18 of those under contract, a 16.7% decrease from May. The average list price is $285,941, up 6.5% from last month. The lowest priced Lake Norman waterfront condo is listed at $133,500 and the highest priced Lake Norman waterfront condo is listed at $830,000.
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