November 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In November 2010 26 waterfront homes sold in the Lake Norman area, a 44% increase from the 18 waterfront homes sold in October 2010. November 2010 waterfront sales figures increased 136% from November 2009 when 11 waterfront homes sold in the Lake Norman area.

The average sales price increased 6% from $932,250 in October 2010 to $988,961 in November 2010. November 2010 average sales price increased 25% from the November 2009 average sales price which was $788,772.

Average days on the market increased from 173 in October 2010 to 198 in November 2010, a 14% increase in market time. November 2009 average days on the market were 110. (more…)

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