Lake Norman Waterfront Real Estate Market Update September 2011

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Lake Norman Waterfront Homes
In September 2011 31 waterfront homes sold in the Lake Norman area, a 55% increase from the 20 waterfront homes sold in August 2011. September 2011 waterfront sales figures increased 55% from September 2010 when 20 waterfront homes sold in the Lake Norman area.

The average sales price increased 5.1% from $821,375 in August 2011 to $862,873 in September 2011. September 2011 average sales price increased 51.1% from the September 2010 average sales price which was $571,108.

Average days on the market decreased from 207 in August 2011 to 147 in September 2011, a 29% decrease in market time. September 2010 average days on the market were 164, a 10.4% decrease in market time.

Currently there are 389 Lake Norman waterfront homes listed in the MLS with 29 of those under contract, down 12% from August. The average list price is $992,739, up 2.3% from August. The lowest priced Lake Norman waterfront home is listed at $160,000 and the highest priced Lake Norman waterfront home is listed at $8,00,000.

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 September 2011 4 waterfront condos or townhomes sold in the Lake Norman area, a 300% increase from the 1 waterfront condo sold in August 2011. September 2011 sales figures decreased 42.9% from September 2010 when 7 waterfront condos sold.

The average sales price increased 28.1% from $184,000 in August 2011 to $235,750 in September 2011. September 2011 average sales price increased 5.7% from the September 2010 average sales price which was $223,057. 

Average days on the market decreased from 153 in August 2011 to 103 in September 2011. September 2010 average days on the market were 130.

Currently there are 75 Lake Norman waterfront condos listed in the MLS with 4 of those under contract, a 55.6% decrease from August. The average list price is $278,915, up 5.2% from last month. The lowest priced Lake Norman waterfront condo is listed at $100,000 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 September 2011 3 waterfront lots sold in the Lake Norman area, a 50% decrease from the 6 waterfront lots sold in August 2011. The averge sales price was $282,000, up 32.3% from the August average sales price which was $213,166. September 2011 sales figures increased 300% from September 2010 when 0 Lake Norman waterfront lots sold. The average sales price increased 0% from the September 2010 average sales price of $0,000.

Currently there are 323 Lake Norman waterfront lots listed in the MLS with 6 of those under contract. The average list price is $352,742, down 14.5% from last month. The lowest priced Lake Norman waterfront lot is listed at $19,500 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 MLS search page: Search Lake Norman Listings


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