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

Lake Norman Waterfront Condos & Townhomes
In August 2011 1 waterfront condos or townhomes sold in the Lake Norman area, a 80% decrease from the 5 waterfront condos sold in July 2011. August 2011 sales figures decreased 75% from August 2010 when 4 waterfront condos sold.

The average sales price decreased 33% from $275,450 in July 2011 to $184,000 in August 2011. August 2011 average sales price decreased 37.9% from the August 2010 average sales price which was $296,250. 

Average days on the market increased from 111 in July 2011 to 153 in August 2011. August 2010 average days on the market were 222.

Currently there are 83 Lake Norman waterfront condos listed in the MLS with 9 of those under contract, a 350% increase from July. The average list price is $265,213, down 1.8% from last month. The lowest priced Lake Norman waterfront condo is listed at $110,000 and the highest priced Lake Norman waterfront condo is listed at $799,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In August 2011 6 waterfront lots sold in the Lake Norman area, a 0% decrease from the 6 waterfront lots sold in July 2011. The averge sales price was $213,166, down 1.9% from the July average sales price which was $217,333. August 2011 sales figures increased 600% from August 2010 when 0 Lake Norman waterfront lots sold. The average sales price increased 0% from the August 2010 average sales price of $0,000.

Currently there are 265 Lake Norman waterfront lots listed in the MLS with 3 of those under contract. The average list price is $412,715, up 1% 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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