Lake Norman Homes
In February 2011 46 homes sold in the Lake Norman area, a 15% decrease from the 54 homes sold in January 2011. February 2011 sales figures increased 4.5% from February 2010 when 44 homes sold in the Lake Norman area.

The average sales price decreased 18% from $432,987 in January 2011 to $354,665 in February 2011. The February 2011 average sales price decreased 10% from the February 2010 average sales price which was $394,010.

Average days on the market increased 6% from 139 days in January 2011 to 148 days on the market in February 2011. February 2010 average days on the market were 165, a 10% decrease in market time.

Currently there are 1146 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,364 square feeet and an average list price of $633,987 up 1% from the January average list price of $628,605. The average days on the market are 166. 130 homes are currently under contract, up 2% from January. (more…)