Lake Norman Waterfront Condo Market Update September 2015
Lake Norman Waterfront Condos & Townhomes
In September 2015 15 waterfront condos or townhomes sold in the Lake Norman area, a 114% increase from the 7 Lake Norman waterfront condos sold in August. September 2015 sales figures increased 25% from September 2014 when 12 Lake Norman waterfront condos sold.
The average sales price increased 15.4% from $254,643 in August to $293,853 in September. The September 2015 average sales price increased 37.2% from the September 2014 average sales price which was $214,229.
Average days on the market decreased 20% from 75 in August to 60 in September. The September 2014 average days on the market were 159, a 62.3% decrease in market time.
Currently there are 53 Lake Norman waterfront condos listed in the MLS with 15 of those under contract, a 36.4% increase from September. The average list price is $289,984, down 1.3% from last month. The lowest priced Lake Norman waterfront condo is listed at $124,500 and the highest priced Lake Norman waterfront condo is listed at $765,000.
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