Wednesday, October 6, 2010

September 2010 Lake Norman Waterfront Market Update

Lake Norman Waterfront HomesIn September 2010 20 waterfront homes sold in the Lake Norman area, a 33% increase over the 15 waterfront homes sold in August 2010. September 2010 waterfront sales figures increased 54% from September 2009 when 13 waterfront homes sold in the Lake Norman area.

The average sales price decreased 44% from $1,010,659 in August 2010 to $571,108 in September 2010. September 2010 average sales price decreased 27% from the September 2009 average sales price which was $783,692.

Average days on the market dereased from 196 in August 2010 to 164 in September 2010, a 16% decrease in market time. September 2009 average days on the market were 70.

Currently there are 506 waterfront homes listed in the MLS with 47 currently under contract. The average list price is $1,032,694. The lowest priced waterfront home is listed at $96,900 and the highest priced 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 & TownhomesIn September 2010 7 waterfront condos sold in the Lake Norman area, a 75% increase from the 4 waterfront condos sold in August 2010. September 2010 sales figures increased 133% from September 2009 when 3 waterfront condos sold.

The average sales price decreased 25% from $296,250 in August 2010 to $223,057 in September 2010. September 2010 average sales price increased 27% from the September 2009 average sales price which was $176,166.

Average days on the market decreased from 205 in August 2010 to 130 in September 2010. August 2009 average days on the market were 87.

Currently there are 69 waterfront condos listed in the MLS with 3 currently under contract. The average list price is $285,498. The lowest priced waterfront condo is listed at $137,900 and the highest priced waterfront condo is listed at $900,000.

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

Lake Norman Waterfront LotsIn September 2010 0 waterfront lots sold in the Lake Norman area, a 0% decrease from the 0 waterfront lots sold in August 2010. September 2010 sales figures decreased 200% from September 2009 when 2 waterfront lots sold.

Currently there are 320 waterfront lots listed in the MLS with 5 currently under contract. The average list price is $436,446. The lowest priced waterfront lot is listed at $24,900 and the highest priced waterfront lot is listed at $2,275,000.

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

Contact us at 866-LakeNorman!

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