Lake Norman Waterfront Real Estate Market Update October 2012

Lake Norman Waterfront Homes
In October 2012 24 Lake Norman waterfront homes closed, a 17.2% decrease from the 29 waterfront homes sold in September 2012. October 2012 waterfront sales figures decreased 6.5% from October 2011 when 31 waterfront homes sold in the Lake Norman area.

The average sales price increased 42.7% from $667,789 in September to $952,729 in October. October 2012 average sales price decreased 22.6% from the October 2011 average sales price which was $862,873.

Average days on the market increased 45.4% from 130 in September to 189 in October. October 2011 average days on the market were 146, a 11% decrease in market time.

Currently there are 326 Lake Norman waterfront homes listed in the MLS, down 11.2% from September. The average list price is $952,554, down 2.3% from September. The lowest priced Lake Norman waterfront home is listed at $139,900 and the highest priced Lake Norman waterfront home is listed at $4,500,000.

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 October 2012 7 Lake Norman waterfront condos or townhomes sold in the Lake Norman area, a 16.7% increase from the 6 waterfront condos sold in September. October 2012 sales figures decreased 30% from October 2011 when 10 waterfront condos sold.

The average sales price increased 2.5% from $234,000 in September to $239,857 in October. October 2012 average sales price increased 10.9% from the October 2011 average sales price which was $216,200.

Average days on the market decreased from 223 in September to 145 in October 2011. October 2011 average days on the market were 122.

Currently there are 50 Lake Norman waterfront condos listed in the MLS a 9.1% decrease from September. The average list price is $269,464 down 3.5% from $279,183 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 $795,000.

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 October 2012 8 waterfront lots sold in the Lake Norman area, a 11.1% decrease from the 9 waterfront lots sold in September. The averge sales price was $334,275, up 36.4% from the September average sales price which was $245,155.

October 2012 sales figures increased 167% from October 2011 when 3 Lake Norman waterfront lots sold. The average sales price increased 18.5% from the October 2011 average sales price of $282,000.

Currently there are 248 Lake Norman waterfront lots listed in the MLS, up .4% from September. The average list price is $368,762 up .4% 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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