April 2016 Lake Norman Waterfront Condo Market Update
Lake Norman Waterfront Condos & Townhomes
In April 5 waterfront condos or townhomes sold in the Lake Norman area, an 50% decrease from the 10 Lake Norman waterfront condos sold in March. April 2016 sales figures decreased 54.5% from April 2015 when 11 Lake Norman waterfront condos sold.
The average sales price increased .2% from $244,370 in March to $244,950 in April. The April 2016 average sales price increased 16.2% from the April 2015 average sales price which was $210,718.
Average days on the market increased 133% from 57 in March to 133 days on the market in April. The April 2015 average days on the market were 105, a 26.7% increase in market time.
Currently there are 50 active Lake Norman waterfront condos listed in the MLS with 6 also under contract, a 20% increase from April. The average list price is $316,598, up 1.9% from last month. The lowest priced active Lake Norman waterfront condo is listed at $154,900 and the highest priced active Lake Norman waterfront condo is listed at $725,000.
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