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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 Read this post

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