Lake Norman Real Estate Market Update January 2012

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Lake Norman Homes
In January 2012 48 homes sold in the Lake Norman area, a 29.4% decrease from the 68 homes sold in December 2011.
January 2012 sales figures decreased 11.1% from January 2011 when 54 homes sold in the Lake Norman area.
The average sales price decreased 10.1% from $434,857 in December 2011 to $391,015 in January 2011. The January 2012 average
sales price decreased 9.7% from the January 2011 average sales price which was $432,988.
Average days on the market decreased 10.8% from 204 days in December 2011 to 182 days on the market in January 2012. January 2011 average days on the market were 168, an 8.5% increase in market time.
Currently there are 826 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,408 square feeet and an average list price of $639,981 down 1.6% from the December average list price of $650,120. The average days on the
market are 170. 101 Lake Norman homes are currently under contract, up 53% from December!

Lake Norman Condos & Townhomes
In January 2012 11 condos/townhomes sold in the Lake Norman area, a 35.3% decrease from the 17 condos or townhomes sold in December 2011. January 2012 sales figures increased 83.3% from January 2011 when 6 Lake Norman condos sold.
The average sales price decreased 4.5% from $169,109 in December 2011 to $161,514 in January 2012. January 2012 average sales price decreased 3% from the January 2011 average sales price which was $166,498.
Average days on the market increased 24.3% from 136 in December to 169 in January. January 2011 average days on the market
were 183.
Currently there are 133 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,409 square feet and an average list price of $230,967, up 5.4% from December’s average list price of $219,136. The average days on the market are 159. 8 Lake Norman condos/townhomes are currently under contract, a 11% decrease from December.

Lake Norman Lots
In January 2012 16 lots sold in the Lake Norman area, a 77.8% increase from the 9 lots sold in December 2011. January
2012 sales figures increased 167% from January 2011 when 6 lots sold.
The average sales price decreased 6.6% from $221,006 in December 2011 to $206,500 in January 2012. January 2012 average sales price increased 11.1% from the January 2011 average sales price which was $185,833.
Average days on the market increased 544% from 94 in December 2011 to 605 in January 2012. January 2011 average days on the market were 152, a 298% increase in market time vesus the same time period last year.
Currently there are 1076 lots for sale in the Lake Norman MLS area. The average list price is $155,174, down 5.1% from
December’s average list price of $163,445. The average days on the market are 371. 38 Lake Norman area lots are currently under contract, a 31% increase from December.

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


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