Lake Norman Waterfront Condo Market Update October 2015
Lake Norman Waterfront Condos & Townhomes
In October 2015 8 waterfront condos or townhomes sold in the Lake Norman area, a 46.7% decrease from the 15 Lake Norman waterfront condos sold in September. October 2015 sales figures decreased 11.1% from October 2014 when 9 Lake Norman waterfront condos sold.
The average sales price decreased 16.4% from $293,853 in September to $245,750 in October. The October 2015 average sales price increased 17.1% from the October 2014 average sales price which was $209,778.
Average days on the market increased 1.7% from 60 in September to 61 in October. The October 2014 average days on the market were 85, a 28.2% decrease in market time.
Currently there are 50 Lake Norman waterfront condos listed in the MLS with 12 of those under contract, a 20% decrease from October. The average list price is $292,283, up .8% from last month. The lowest priced Lake Norman waterfront condo is listed at $135,000 and the highest priced Lake Norman waterfront condo is listed at $765,000.
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