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2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Homes
In 2010 248 waterfront homes sold in the Lake Norman area, a 49% increase from the 167 waterfront homes sold in 2009. 2010 sales figures decreased 34% from 2006, the heighth of the sellers market, when 377 waterfront homes sold in the Lake Norman area.

The average sales price decreased 5% from $884,561 in 2009 to $837,943 in 2010. The 2010 average sales price decreased 4.5% from the 2006 average sales price which was $877,931.

Average days on the market increased 104% from 84 days in 2009 to 171 days on the market in 2010. 2006 average days on the market were 60, a 185% increase in market time. Read this post

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