Lake Norman Waterfront Real Estate Market Update December 2011

Lake Norman Waterfront Homes
In December 2011 21 waterfront homes sold in the Lake Norman area, a 61.5% increase from the 13 waterfront homes sold in November 2011. December 2011 waterfront sales figures decreased 30% from December 2010 when 30 waterfront homes sold in the Lake Norman area.

The average sales price increased 18.3% from $557,269 in November 2011 to $659,457 in December 2011. December 2011 average sales price increased 5.2% from the December 2010 average sales price which was $627,050.

Average days on the market increased from 193 in November 2011 to 223 in December 2011, a 15.5% increase in market time. December 2010 average days on the market were 180, a 7.2% increase in market time.

Currently there are 261 Lake Norman waterfront homes listed in the MLS with 15 of those under contract, down 28.6% from November. The average list price is $1,043,065, down 2.2% from November. The lowest priced Lake Norman waterfront home is listed at $139,900 and the highest priced Lake Norman waterfront home is listed at $5,900,000.

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 December 2011 6 Lake Norman waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 6 waterfront condos sold in November 2011. December 2011 sales figures increased 50% from December 2010 when 4 waterfront condos sold.

The average sales price increased 21% from $155,750 in November 2011 to $188,525 in December 2011. December 2011 average sales price decreased 29.7% from the December 2010 average sales price which was $268,125. 

Average days on the market increased from 128 in November 2011 to 133 in December 2011. December 2010 average days on the market were 206.

Currently there are 58 Lake Norman waterfront condos listed in the MLS with 4 of those under contract, a 0% decrease from November. The average list price is $282,353, down 1.4% from $286,460 last month. The lowest priced Lake Norman waterfront condo is listed at $134,000 and the highest priced Lake Norman waterfront condo is listed at $879,000.

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 December 2011 5 waterfront lots sold in the Lake Norman area, a 25% increase from the 4 waterfront lots sold in November 2011. The averge sales price was $365,820, down 24.9% from the November average sales price which was $487,000. December 2011 sales figures increased 67% from December 2010 when 3 Lake Norman waterfront lots sold. The average sales price decreased 38.3% from the December 2010 average sales price of $593,000.

Currently there are 253 Lake Norman waterfront lots listed in the MLS with 4 of those under contract. The average list price is $328,525, down 3% from last month. The lowest priced Lake Norman waterfront lot is listed at $17,500 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

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