Lake Norman Waterfront Real Estate Market Update June 2011

Lake Norman Waterfront Homes
In June 2011 35 waterfront homes sold in the Lake Norman area, a 59% increase from the 22 waterfront homes sold in May 2011. June 2011 waterfront sales figures decreased 2.8% from June 2010 when 36 waterfront homes sold in the Lake Norman area.

The average sales price decreased 18% from $988,863 in May 2011 to $811,771 in June 2011. June 2011 average sales price decreased 24% from the June 2010 average sales price which was $1,073,498.
Average days on the market decreased from 178 in May 2011 to 162 in June 2011, a 9% decrease in market time. June 2010 average days on the market were 156, a 4% increase in market time.

Currently there are 478 Lake Norman waterfront homes listed in the MLS with 52 of those under contract, up 27% from May. The average list price is $952,264, down 3% from May. The lowest priced Lake Norman waterfront home is listed at $160,000 and the highest priced Lake Norman waterfront home is listed at $4,750,000.

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Lake Norman Waterfront Condos & Townhomes
In June 2011 8 waterfront condos or townhomes sold in the Lake Norman area, a 14% increase from the 7 waterfront condos sold in May 2011. June 2011 sales figures increased 14% from June 2010 when 7 waterfront condos sold.

The average sales price decreased 33% from $337,500 in May 2011 to $227,375 in June 2011. June 2011 average sales price decreased 25% from the June 2010 average sales price which was $301,892.
Average days on the market increased from 230 in May 2011 to 92 in June 2011. June 2010 average days on the market were 144.

Currently there are 90 Lake Norman waterfront condos listed in the MLS with 5 of those under contract, a 250% increase from May. The average list price is $273,775, up 1% from last month. The lowest priced Lake Norman waterfront condo is listed at $119,000 and the highest priced Lake Norman waterfront condo is listed at $799,000.

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Lake Norman Waterfront Lots
In June 2011 6 waterfront lots sold in the Lake Norman area, a 25% decrease from the 8 waterfront lots sold in May 2011. The averge sales price was $329,066, down 44% from the May average sales price which was $591,625. June 2011 sales figures increased 500% from June 2010 when 1 Lake Norman waterfront lots sold. The average sales price decreased 35% from the June 2010 average sales price of $507,500.

Currently there are 284 Lake Norman waterfront lots listed in the MLS with 11 of those under contract. The average list price is $433,535, up 5.6% from last month. The lowest priced Lake Norman waterfront lot is listed at $21,000 and the highest priced Lake Norman waterfront lot is listed at $4,000,000.

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Lake Norman Waterfront Real Estate Market Update May 2011

Lake Norman Waterfront Homes
In May 2011 22 waterfront homes sold in the Lake Norman area, a 8% decrease from the 24 waterfront homes sold in April  2011. May 2011 waterfront sales figures decreased 8% from May 2010 when 24 waterfront homes sold in the Lake Norman area.
The average sales price increased 28% from $774,829 in April 2011 to $988,863 in May 2011. May 2011 average sales price increased 21% from the May 2010 average sales price which was $820,079.
Average days on the market decreased from 209 in April 2011 to 178 in May 2011, a 15% decrease in market time. May 2010 average days on the market were 160, a 11% increase in market time.
Currently there are 450 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 5% from April. The average list price is $984,495, down 3% from April. The lowest priced Lake Norman waterfront home is listed at $169,900 and the highest priced Lake Norman waterfront home is listed at $4,750,000.
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Lake Norman Waterfront Condos & Townhomes
In May 2011 5 waterfront condos sold in the Lake Norman area, a 25% increase from the 4 waterfront condos sold in April 2011. May 2011 sales figures increased 25% from May 2010 when 4 waterfront condos sold.
The average sales price increased 25% from $220,225 in April 2011 to $275,400 in May 2011. May 2011 average sales price increased 8% from the May 2010 average sales price which was $254,750.
Average days on the market increased from 102 in April 2011 to 168 in May 2011. May 2010 average days on the market were 105.
Currently there are 78 Lake Norman waterfront condos listed in the MLS with 4 of those under contract, a 50% decrease from March. The average list price is $271,119, down 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 $839,000.
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Lake Norman Waterfront Lots
In May 2011 7 waterfront lots sold in the Lake Norman area, a 43% decrease from the 7 waterfront lots sold in April 2011. The averge sales price was $377,750, up 17% from the April average sales price which was $322,197. May 2011 sales figures increased 250% from May 2010 when 2 Lake Norman waterfront lots sold. The average sales price increased 132% from the May 2010 average sales price of $163,081.
Currently there are 296 Lake Norman waterfront lots listed in the MLS with 8 of those under contract. The average list price is $389,913, down 3% from last month. The lowest priced Lake Norman waterfront lot is listed at $21,000 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.
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April 2011 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In April 2011 24 waterfront homes sold in the Lake Norman area, a 14% decrease from the 28 waterfront homes sold in March 2011. April 2011 waterfront sales figures increased 41% from April 2010 when 17 waterfront homes sold in the Lake Norman area.

The average sales price increased 2% from $760,741 in March 2011 to $774,829 in April 2011. April 2011 average sales price decreased 9% from the April 2010 average sales price which was $852,229.
Average days on the market decreased from 203 in March 2011 to 209 in April 2011, a 3% increase in market time. April 2010 average days on the market were 183, a 14% increase in market time.

Currently there are 438 Lake Norman waterfront homes listed in the MLS with 43 of those under contract, down 17% from March. The average list price is $1,014,037, down 2% from March. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Lake Norman Waterfront Condos & Townhomes
In April 2011 5 waterfront condos sold in the Lake Norman area, a 25% increase from the 4 waterfront condos sold in March 2011. April 2011 sales figures increased 25% from April 2010 when 4 waterfront condos sold.

The average sales price increased 25% from $220,225 in March 2011 to $275,400 in April 2011. April 2011 average sales price increased 8% from the April 2010 average sales price which was $254,750.
Average days on the market increased from 102 in March 2011 to 168 in April 2011. April 2010 average days on the market were 105.

Currently there are 78 Lake Norman waterfront condos listed in the MLS with 4 of those under contract, a 50% decrease from March. The average list price is $271,119, down 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 $839,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In April 2011 7 waterfront lots sold in the Lake Norman area, a 43% decrease from the 7 waterfront lots sold in March 2011. The averge sales price was $377,750, up 17% from the March average sales price which was $322,197. April 2011 sales figures increased 250% from April 2010 when 2 Lake Norman waterfront lots sold. The average sales price increased 132% from the April 2010 average sales price of $163,081.

Currently there are 296 Lake Norman waterfront lots listed in the MLS with 8 of those under contract. The average list price is $389,913, down 3% from last month. The lowest priced Lake Norman waterfront lot is listed at $21,000 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

If  you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

March 2011 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes

In March 2011 28 waterfront homes sold in the Lake Norman area, a 180% increase from the 10 waterfront homes sold in February 2011. March 2011 waterfront sales figures increased 75% from March 2010 when 16 waterfront homes sold in the Lake Norman area.

The average sales price increased 50% from $507,250 in February 2011 to $760,741 in March 2011. March 2011 average sales price increased 5% from the March 2010 average sales price which was $724,400.

Average days on the market decreased from 186 in February 2011 to 203 in March 2011, a 9% increase in market time. March 2010 average days on the market were 161, an 26% increase in market time.

Currently there are 452 Lake Norman waterfront homes listed in the MLS with 52 of those under contract, up 27% from February. The average list price is $1,036,470, up .3% from February. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Lake Norman Waterfront Condos & Townhomes

In March 2011 4 waterfront condos sold in the Lake Norman area, a 300% decrease from the 1 waterfront condos sold in February 2011. March 2011 sales figures decreased 43% from March 2010 when 7 waterfront condos sold.

The average sales price decreased 27% from $302,000 in February 2011 to $220,225 in March 2011. March 2011 average sales price increased 14% from the March 2010 average sales price which was $192,428. 

Average days on the market increased from 34 in February 2011 to 102 in March 2011. March 2010 average days on the market were 259.

Currently there are 79 Lake Norman waterfront condos listed in the MLS with 6 of those under contract, a 50% increase from February. The average list price is $278,893, up 2.5% from last month. The lowest priced Lake Norman waterfront condo is listed at $124,900 and the highest priced Lake Norman waterfront condo is listed at $869,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots

In March 2011 7 waterfront lots sold in the Lake Norman area, a 17% increase from the 6 waterfront lots sold in February 2011. The averge sales price was $322,197, up 49% from the February average sales price which was $216,450. March 2011 sales figures increased 250% from March 2010 when 2 Lake Norman waterfront lots sold. The average sales price increased 120% from the March 2010 average sales price of $146,500.

Currently there are 305 Lake Norman waterfront lots listed in the MLS with 3 of those under contract. The average list price is $403,636, up 3% from last month. The lowest priced Lake Norman waterfront lot is listed at $21,000 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

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February 2011 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In February 2011 10 waterfront homes sold in the Lake Norman area, a 38% decrease from the 16 waterfront homes sold in January 2011. February 2011 waterfront sales figures decreased 17% from February 2010 when 12 waterfront homes sold in the Lake Norman area.

The average sales price decreased 31% from $737,968 in January 2011 to $507,250 in February 2011. February 2011 average sales price decreased 24% from the February 2010 average sales price which was $663,466.

Average days on the market decreased from 184 in January 2011 to 186 in February 2011, a 1% increase in market time. February 2010 average days on the market were 167, an 11% increase in market time.
Currently there are 421 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 0% from January. The average list price is $1,032,863, down 2% from January. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Lake Norman Waterfront Condos & Townhomes
In February 2011 1 waterfront condos sold in the Lake Norman area, a 67% decrease from the 3 waterfront condos sold in January 2011. February 2011 sales figures decreased 75% from February 2010 when 4 waterfront condos sold.

The average sales price increased 15% from $263,333 in January 2011 to $302,000 in February 2011. February 2011 average sales price increased 31% from the February 2010 average sales price which was $230,625.

Average days on the market decreased from 200 in January 2011 to 34 in February 2011. February 2010 average days on the market were 121.

Currently there are 70 Lake Norman waterfront condos listed in the MLS with 4 of those under contract, a 100% increase from January. The average list price is $272,042, down 7% from last month. The lowest priced Lake Norman waterfront condo is listed at $129,900 and the highest priced Lake Norman waterfront condo is listed at $869,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In February 2011 6 waterfront lots sold in the Lake Norman area, a 0% increase from the 6 waterfront lots sold in January 2011. The averge sales price was $216,450, down 37% from the January average sales price which was $343,333. February 2011 sales figures increased 600% from February 2010 when 1 Lake Norman waterfront lot sold. The average sales price decreased 60% from the February 2010 average sales price of $548,000.

Currently there are 292 Lake Norman waterfront lots listed in the MLS with 6 of those under contract. The average list price is $392,362, down 7% from last month. The lowest priced Lake Norman waterfront lot is listed at $22,900 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

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The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://www.lakenormanhomes.com/

January 2011 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In January 2011 16 waterfront homes sold in the Lake Norman area, a 47% decrease from the 30 waterfront homes sold in December 2010. December 2010 waterfront sales figures increased 45% from January 2010 when 11 waterfront homes sold in the Lake Norman area.

The average sales price increased 18% from $627,050 in December 2010 to $737,968 in January 2011. January 2011 average sales price decreased 32% from the January 2010 average sales price which was $1,091,500.

Average days on the market decreased from 180 in December 2010 to 184 in January 2011, a 2% increase in market time. January 2010 average days on the market were 211.

Currently there are 398 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 10% from December. The average list price is $1,055,067. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Lake Norman Waterfront Condos & Townhomes
In January 2011 3 waterfront condos sold in the Lake Norman area, a 25% decrease from the 4 waterfront condos sold in December 2010. January 2011 sales figures decreased 40% from January 2010 when 5 waterfront condos sold.

The average sales price decreased 12% from $268,125 in December 2010 to $236,333 in January 2011. January 2011 average sales price increased 34% from the January 2010 average sales price which was $175,900.

Average days on the market decreased from 206 in December 2010 to 200 in January 2011. January 2010 average days on the market were 227.

Currently there are 57 Lake Norman waterfront condos listed in the MLS with 2 of those under contract, a 60% decrease from December 2010. The average list price is $291,112, down 1% from last month. The lowest priced Lake Norman waterfront condo is listed at $129,900 and the highest priced Lake Norman waterfront condo is listed at $895,000.

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Lake Norman Waterfront Lots
In January 2011 6 waterfront lots sold in the Lake Norman area, a 100% increase from the 3 waterfront lots sold in December 2010. The averge sales price was $343,333, down 42% from the December average sales price which was $593,000. January 2011 sales figures increased 600% from January 2010 when 1 Lake Norman waterfront lot sold. The average sales price decreased 2% from the January 2010 average sales price of $350,000.

Currently there are 289 Lake Norman waterfront lots listed in the MLS with 8 of those under contract. The average list price is $420,453, down 1% from last month. The lowest priced Lake Norman waterfront lot is listed at $22,900 and the highest priced Lake Norman waterfront lot is listed at $2,000,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

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2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman HomesIn 2010 248 waterfront homes sold in the Lake Norman area, a 49% increase from the 167 waterfront homes sold in 2009. 2010 sales figures decreased 34% from 2006, the heighth of the sellers market, when 377 waterfront homes sold in the Lake Norman area.
The average sales price decreased 5% from $884,561 in 2009 to $837,943 in 2010. The 2010 average sales price decreased 4.5% from the 2006 average sales price which was $877,931.
Average days on the market increased 104% from 84 days in 2009 to 171 days on the market in 2010. 2006 average days on the market were 60, a 185% increase in market time.
Currently there are 420 waterfront homes for sale in the Lake Norman MLS area. The average home is a 3 bed/4 bath with ,0444 square feeet and an average list price of $1,046,466. The average days on the market are 185. 48 waterfront homes are currently under contract.

Lake Norman Condos & TownhomesIn 2010 60 waterfront condos/townhomes sold in the Lake Norman area, an 11% increase from the 54 waterfront condos or townhomes sold in 2009. 2010 sales figures decreased 61% from 2006, the heighth of the sellers market, when 154 waterfront condos sold.
The average sales price decreased 7% from $262,375 in 2009 to $243,977 in 2010. The 2010 average sales price decreased 5% from the 2006 average sales price which was $256,344.
Average days on the market increased 105% from 83 in 2009 to 170 in 2010. 2006 average days on the market were 33.
Currently there are 66 waterfront condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,326 square feeet and an average list price of $295,356. The average days on the market are 164. 6 Lake Norman waterfront condos/townhomes are currently under contract.

Lake Norman LotsIn 2010 29 waterfront lots sold in the Lake Norman area, a 3% decrease from the 30 waterfront lots sold in 2009. The average sales price decreased 13% from $385,293 in 2009 to $336,006 in 2010. In 2006, the heighth of the sellers market, 158 Lake Norman waterfront lots sold for an average price of $394,091.
Average days on the market increased 194% from 78 in 2009 to 229 in 2010. 2006 average days on the market were 70.
Currently there are 292 waterfront lots for sale in the Lake Norman MLS area. The average list price is $416,311. The average days on the market are 329. 8 Lake Norman waterfront lots are currently under contract.

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