Lake Norman Real Estate Market Update For June 2012

Lake Norman Homes
In June 2012 118 homes sold in the Lake Norman area, a 1.7% increase from the 116 homes sold in May. June 2012 sales figures increased 18% from June 2011 when 100 homes sold in the Lake Norman area.

The average sales price decreased 12.2% from $494,022 in May to $433,586 in June. The June 2012 average sales price decreased 8.7% from the June 2011 average sales price which was $475,064.

Average days on the market decreased 20.6% from 141 days in May to 112 days on the market in June. June 2011 average days on the market were 156, a 28.2% decrease in market time.

Currently there are 698 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,423 square feeet and an average list price of $647,646 down .3% from the May average list price of $649,519. The average days on the market are 173.

Lake Norman Condos & Townhomes
In June 2012 19 condos/townhomes sold in the Lake Norman area, a 26.7% increase from the 15 condos or townhomes sold in May 2012. June 2012 sales figures increased 11.8% from June 2011 when 17 Lake Norman condos sold.

The average sales price decreased 6.8% from $181,983 in May 2012 to $169,668 in June 2012. June 2012 average sales price decreased 12.2% from the June 2011 average sales price which was $193,274.

Average days on the market increased 30.6% from 111 in May to 145 in June. June 2011 average days on the market were 194.

Currently there are 96 condo/townhomes for sale in the Lake Norman MLS area, up 7.9% from May. The average unit is a 2 bed/2 bath home with 1,360 square feet and an average list price of $218,649, down .2% from May’s average list price of $219,043. The average days on the market are 161.

Lake Norman Lots
In June 2012 28 lots sold in the Lake Norman area, a 9.7% decrease from the 31 lots sold in May. June 2012 sales figures increased 133% from June 2011 when 12 lots sold.

The average sales price decreased 13.5% from $109,580 in May to $94,821 in June. June 2012 average sales price decreased 53.2% from the June 2011 average sales price which was $202,491.

Average days on the market increased 63.1% from 168 in May to 274 in June. June 2011 average days on the market were 333, a 17.7% decrease in market time vesus the same time period last year.

Currently there are 912 lots for sale in the Lake Norman MLS area, up 3.4% from May. The average list price is $153,759, down 1.9% from May’s average list price of $156,802. The average days on the market are 383.

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Real Estate Listings

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