Lake Norman Waterfront Real Estate Market Update June 2011

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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.

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 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.

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 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.

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


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