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February 2011 Lake Norman Waterfront Real Estate Market Update


Lake Norman Waterfront Homes
In February 2011 10 waterfront homes sold in the Lake Norman area, a 38% decrease from the 16 waterfront homes sold in January 2011. February 2011 waterfront sales figures decreased 17% from February 2010 when 12 waterfront homes sold in the Lake Norman area.

The average sales price decreased 31% from $737,968 in January 2011 to $507,250 in February 2011. February 2011 average sales price decreased 24% from the February 2010 average sales price which was $663,466.

Average days on the market decreased from 184 in January 2011 to 186 in February 2011, a 1% increase in market time. February 2010 average days on the market were 167, an 11% increase in market time.

Currently there are 421 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 0% from January. The average list price is $1,032,863, down 2% from January. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

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 February 2011 1 waterfront condos sold in the Lake Norman area, a 67% decrease from the 3 waterfront condos sold in January 2011. February 2011 sales figures decreased 75% from February 2010 when 4 waterfront condos sold.

The average sales price increased 15% from $263,333 in January 2011 to $302,000 in February 2011. February 2011 average sales price increased 31% from the February 2010 average sales price which was $230,625. 

Average days on the market decreased from 200 in January 2011 to 34 in February 2011. February 2010 average days on the market were 121.

Currently there are 70 Lake Norman waterfront condos listed in the MLS with 4 of those under contract, a 100% increase from January. The average list price is $272,042, down 7% from 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 $869,000.

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 February 2011 6 waterfront lots sold in the Lake Norman area, a 0% increase from the 6 waterfront lots sold in January 2011. The averge sales price was $216,450, down 37% from the January average sales price which was $343,333. February 2011 sales figures increased 600% from February 2010 when 1 Lake Norman waterfront lot sold. The average sales price decreased 60% from the February 2010 average sales price of $548,000.

Currently there are 292 Lake Norman waterfront lots listed in the MLS with 6 of those under contract. The average list price is $392,362, down 7% from last month. The lowest priced Lake Norman waterfront lot is listed at $22,900 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

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

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