Lake Norman Waterfront Real Estate Market Update October 2011

Lake Norman Waterfront Homes
In October 2011 27 waterfront homes sold in the Lake Norman area, a 12.9% decrease from the 31 waterfront homes sold in September 2011. October 2011 waterfront sales figures increased 50% from October 2010 when 18 waterfront homes sold in the Lake Norman area.

The average sales price decreased 13.7% from $862,873 in September 2011 to $744,986 in October 2011. October 2011 average sales price decreased 20.1% from the October 2010 average sales price which was $932,250.

Average days on the market increased from 147 in September 2011 to 193 in October 2011, a 31% increase in market time. October 2010 average days on the market were 149, a 29.5% increase in market time.

Currently there are 339 Lake Norman waterfront homes listed in the MLS with 32 of those under contract, up 10% from September. The average list price is $985,244, down .75% from September. 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 October 2011 10 waterfront condos or townhomes sold in the Lake Norman area, a 150% increase from the 4 waterfront condo sold in September 2011. October 2011 sales figures increased 50% from October 2010 when 5 waterfront condos sold.

The average sales price decreased 8.3% from $235,750 in September 2011 to $216,200 in October 2011. October 2011 average sales price decreased 6.8% from the October 2010 average sales price which was $232,000. 

Average days on the market increased from 103 in September 2011 to 123 in October 2011. October 2010 average days on the market were 110.

Currently there are 74 Lake Norman waterfront condos listed in the MLS with 10 of those under contract, a 150% increase from September. The average list price is $278,204, down $711 from last month. The lowest priced Lake Norman waterfront condo is listed at $99,900 and the highest priced Lake Norman waterfront condo is listed at $879,000.

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Lake Norman Waterfront Lots
In October 2011 6 waterfront lots sold in the Lake Norman area, a 100% increase from the 3 waterfront lots sold in September 2011. The averge sales price was $161,750, down 42.6% from the September average sales price which was $282,000. October 2011 sales figures increased 50% from October 2010 when 4 Lake Norman waterfront lots sold. The average sales price decreased 57.9% from the October 2010 average sales price of $383,750.

Currently there are 344 Lake Norman waterfront lots listed in the MLS with 7 of those under contract. The average list price is $342,600, down 2.9% 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.

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