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April 2011 Lake Norman Real Estate Market Update


Lake Norman Homes
In April 2011 86 homes sold in the Lake Norman area, a 12% increase from the 77 homes sold in March 2011. April 2011 sales figures increased 18% from April 2010 when 73 homes sold in the Lake Norman area.

The average sales price decreased 2% from $468,075 in March 2011 to $457,836 in April 2011. The April 2011 average sales price decreased 1% from the April 2010 average sales price which was $462,492.

Average days on the market increased 20% from 178 days in March 2011 to 158 days on the market in April 2011. April 2010 average days on the market were 174, a 9% decrease in market time.

Currently there are 1237 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,369 square feeet and an average list price of $633,611 up 1% from the March average list price of $625,887. The average days on the market are 159. 135 Lake Norman homes are currently under contract, down 31% from March.

Lake Norman Condos & Townhomes
In April 2011 12 condos/townhomes sold in the Lake Norman area, a 20% decrease from the 15 condos or townhomes sold in March 2011. April 2011 sales figures decreased 14% from April 2010 when 14 condos sold.

The average sales price increased 10% from $188,986 in March 2011 to $208,732 in April 2011. April 2011 average sales price increased 16% from the April 2010 average sales price which was $179,278.

Average days on the market decreased 4% from 125 in March to 120 in April. April 2010 average days on the market were 164.

Currently there are 201 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,362 square feeet and an average list price of $212,442, down 2.5% from March’s average list price of $218,048. The average days on the market are 148. 14 Lake Norman condos/townhomes are currently under contract, a 30% decrease from March.

Lake Norman Lots
In April 2011 11 lots sold in the Lake Norman area, a 31% decrease from the 16 lots sold in March 2011. April 2011 sales figures decreased 15% from April 2010 when 13 lots sold.

The average sales price increased 5% from $169,711 in March 2011 to $178,318 in April 2011. April 2011 average sales price increased 126% from the April 2010 average sales price which was $78,887.

Average days on the market decreased 13% from 398 in March 2011 to 348 in April 2011. April 2010 average days on the market were 373, a 6% decrease in market time vesus the same time period last year.

Currently there are 1335 lots for sale in the Lake Norman MLS area. The average list price is $163,895, down .6% from March’s average list price of $164,910. The average days on the market are 374. 29 Lake Norman area lots are currently under contract, a 3% decrease from March.

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

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