Lake Norman Waterfront Real Estate Market Update May 2011

Lake Norman Waterfront Homes
In May 2011 22 waterfront homes sold in the Lake Norman area, a 8% decrease from the 24 waterfront homes sold in April  2011. May 2011 waterfront sales figures decreased 8% from May 2010 when 24 waterfront homes sold in the Lake Norman area.

The average sales price increased 28% from $774,829 in April 2011 to $988,863 in May 2011. May 2011 average sales price increased 21% from the May 2010 average sales price which was $820,079.

Average days on the market decreased from 209 in April 2011 to 178 in May 2011, a 15% decrease in market time. May 2010 average days on the market were 160, a 11% increase in market time.

Currently there are 450 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 5% from April. The average list price is $984,495, down 3% from April. The lowest priced Lake Norman waterfront home is listed at $169,900 and the highest priced Lake Norman waterfront home is listed at $4,750,000.

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 May 2011 7 waterfront condos or townhomes sold in the Lake Norman area, a 40% increase from the 5 waterfront condos sold in April 2011. May 2011 sales figures increased 75% from May 2010 when 4 waterfront condos sold.

The average sales price increased 23% from $275,400 in April 2011 to $337,500 in May 2011. May 2011 average sales price increased 34% from the May 2010 average sales price which was $252,125. 

Average days on the market increased from 168 in April 2011 to 230 in May 2011. May 2010 average days on the market were 88.

Currently there are 82 Lake Norman waterfront condos listed in the MLS with 2 of those under contract, a 50% decrease from April. The average list price is $269,852, down 1% from last month. The lowest priced Lake Norman waterfront condo is listed at $119,000 and the highest priced Lake Norman waterfront condo is listed at $825,000.

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 May 2011 8 waterfront lots sold in the Lake Norman area, a 14% increase from the 7 waterfront lots sold in April 2011. The averge sales price was $591,625, up 57% from the April average sales price which was $377,750. May 2011 sales figures increased 60% from May 2010 when 5 Lake Norman waterfront lots sold. The average sales price increased 91% from the May 2010 average sales price of $310,000.

Currently there are 293 Lake Norman waterfront lots listed in the MLS with 7 of those under contract. The average list price is $410,368, up 5% from last month. The lowest priced Lake Norman waterfront lot is listed at $21,000 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

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