Lake Norman Waterfront Real Estate Market Update March 2012

Lake Norman Waterfront Homes
In March 2012 25 waterfront homes sold in the Lake Norman area, a 38.9% increase from the 18 waterfront homes sold in February 2012. March 2012 waterfront sales figures decreased 10.7% from March 2011 when 28 waterfront homes sold in the Lake Norman area.

The average sales price increased 21.8% from $756,277 in February to $920,788 in March. March 2012 average sales price increased 21% from the March 2011 average sales price which was $760,741.

Average days on the market increased from 187 in February to 165 in March, a 11.8% decrease in market time. March 2011 average days on the market were 203, a 18.7% decrease in market time.

Currently there are 304 Lake Norman waterfront homes listed in the MLS with 24 of those under contract, up 71.4% from February. The average list price is $998,025, down .2% from February. 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 March 2012 2 Lake Norman waterfront condos or townhomes sold in the Lake Norman area, a 50% decrease from the 4 waterfront condos sold in February. March 2012 sales figures decreased 50% from March 2011 when 4 waterfront condos sold.

The average sales price decreased 56% from $244,250 in February to $107,500 in March. March 2012 average sales price decreased 51.2% from the March 2011 average sales price which was $220,225.

Average days on the market decreased from 169 in February to 97 in March 2011. March 2011 average days on the market were 102.

Currently there are 60 Lake Norman waterfront condos listed in the MLS with 1 of those under contract, a 0% decrease from February. The average list price is $279,974, down .7% from $282,072 last month. The lowest priced Lake Norman waterfront condo is listed at $129,900 and the highest priced Lake Norman waterfront condo is listed at $750,000.

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 March 2012 5 waterfront lots sold in the Lake Norman area, a 0% increase from the 5 waterfront lots sold in February. The averge sales price was $332,600, up 74.6% from the February average sales price which was $190,540.

March 2012 sales figures decreased 28.6% from March 2011 when 7 Lake Norman waterfront lots sold. The average sales price increased 3.2% from the March 2011 average sales price of $322,197.

Currently there are 252 Lake Norman waterfront lots listed in the MLS with 3 of those under contract. The average list price is $323,600 down .5% from last month. The lowest priced Lake Norman waterfront lot is listed at $25,000 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

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

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