May 13

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 Continue reading

May 13

April 2011 Lake Norman Real Estate Market Update

Lake Norman Homes
In April 2011 86 homes sold in the Lake Norman area, a 12% increase from the 77 homes sold in March 2011. April 2011 sales figures increased 18% from April 2010 when 73 homes sold in the Lake Norman area.

The average sales price decreased 2% from $468,075 in March 2011 to $457,836 in April 2011. The April 2011 average sales price decreased 1% from the April 2010 average sales price which was $462,492.

Average days on the market increased 20% from 178 days in March 2011 to 158 days on the market in April 2011. April 2010 average days on the market were 174, a 9% decrease in market time.

Currently there are 1237 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,369 square feeet and an average list price of $633,611 up 1% from the March average list price of $625,887. The average days on the market are 159. 135 Lake Norman homes are currently under contract, down 31% from March. Continue reading