Lake Norman Waterfront Real Estate Market Update August 2012

Lake Norman Waterfront Homes
In August 2012 42 waterfront homes sold in the Lake Norman area, a 16.7% increase from the 36 waterfront homes sold in July 2012. August 2012 waterfront sales figures increased 110% from August 2011 when 20 waterfront homes sold in the Lake Norman area.

The average sales price increased 13.3% from $746,077 in July to $845,437 in August. August 2012 average sales price increased 2.9% from the August 2011 average sales price which was $821,375.

Average days on the market increased 16.9% from 120 in June to 152 in August. August 2011 average days on the market were 206, a 26.2% decrease in market time.

Currently there are 339 Lake Norman waterfront homes listed in the MLS, down 1.5% from May. The average list price is $968,524, down 1.7% from July. The lowest priced Lake Norman waterfront home is listed at $154,900 and the highest priced Lake Norman waterfront home is listed at $4,650,000.

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 2012 10 Lake Norman waterfront condos or townhomes sold in the Lake Norman area, a 0% increase from the 10 waterfront condos sold in July. August 2012 sales figures increased 900% from August 2011 when 1 waterfront condos sold.

The average sales price increased 37% from $211,140 in July to $289,200 in August. August 2012 average sales price increased 57.2% from the August 2011 average sales price which was $184,000.

Average days on the market decreased from 109 in July to 105 in August 2011. August 2011 average days on the market were 152.

Currently there are 50 Lake Norman waterfront condos listed in the MLS a 2% decrease from July. The average list price is $281,112 up 6.3% from $264,470 last month. The lowest priced Lake Norman waterfront condo is listed at $116,000 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 August 2012 9 waterfront lots sold in the Lake Norman area, a 900% increase from the 0 waterfront lots sold in July. The averge sales price was $245,155, up 100% from the July average sales price which was $0.

August 2012 sales figures increased 50% from August 2011 when 6 Lake Norman waterfront lots sold. The average sales price increased 15% from the August 2011 average sales price of $213,166.

Currently there are 247 Lake Norman waterfront lots listed in the MLS, up 10.8% from July. The average list price is $367,428 down 4.8% from last month. The lowest priced Lake Norman waterfront lot is listed at $50,000 and the highest priced Lake Norman waterfront lot is listed at $1,799,999.

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

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