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Lake Norman Waterfront Real Estate Market Update August 2011

Lake Norman Waterfront Homes
In August 2011 20 waterfront homes sold in the Lake Norman area, a 28.6% decrease from the 28 waterfront homes sold in July  2011. August 2011 waterfront sales figures increased 33% from August 2010 when 15 waterfront homes sold in the Lake Norman area.

The average sales price increased 11.1% from $739,632 in July 2011 to $821,375 in August 2011. August 2011 average sales price decreased 18.7% from the August 2010 average sales price which was $1,010,659.

Average days on the market increased from 171 in July 2011 to 207 in August 2011, a 21% increase in market time. August 2010 average days on the market were 199, a 4% increase in market time.

Currently there are 418 Lake Norman waterfront homes listed in the MLS with 33 of those under contract, up 10% from July. The average list price is $970,828, up .13% from July. 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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