Mar 16

Lake Norman Real Estate Market Update February 2012

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Lake Norman Homes
In February 2012 61 homes sold in the Lake Norman area, a 27.1% increase from the 48 homes sold in January. February 2012 sales figures increased 35.6% from February 2011 when 45 homes sold in the Lake Norman area.

The average sales price increased 18.7% from $391,015 in January to $464,026 in February. The February 2012 average sales price increased 29% from the February 2011 average sales price which was $359,736.

Average days on the market decreased 25.3% from 182 days in January to 136 days on the market in February. February 2011 average days on the market were 150, a 9.3% decrease in market time.

Currently there are 652 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,374 square feeet and an average list price of $643,099 up .5% from the January average list price of $639,981. The average days on the market are 184. 54 Lake Norman homes are currently under contract, down 46.5% from January! Continue reading →

Feb 08

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! Continue reading →