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January 2011 Lake Norman Waterfront Real Estate Market Update


Lake Norman Waterfront Homes
In January 2011 16 waterfront homes sold in the Lake Norman area, a 47% decrease from the 30 waterfront homes sold in December 2010. December 2010 waterfront sales figures increased 45% from January 2010 when 11 waterfront homes sold in the Lake Norman area.

The average sales price increased 18% from $627,050 in December 2010 to $737,968 in January 2011. January 2011 average sales price decreased 32% from the January 2010 average sales price which was $1,091,500.

Average days on the market decreased from 180 in December 2010 to 184 in January 2011, a 2% increase in market time. January 2010 average days on the market were 211.

Currently there are 398 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 10% from December. The average list price is $1,055,067. 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 January 2011 3 waterfront condos sold in the Lake Norman area, a 25% decrease from the 4 waterfront condos sold in December 2010. January 2011 sales figures decreased 40% from January 2010 when 5 waterfront condos sold.

The average sales price decreased 12% from $268,125 in December 2010 to $236,333 in January 2011. January 2011 average sales price increased 34% from the January 2010 average sales price which was $175,900. 

Average days on the market decreased from 206 in December 2010 to 200 in January 2011. January 2010 average days on the market were 227.

Currently there are 57 Lake Norman waterfront condos listed in the MLS with 2 of those under contract, a 60% decrease from December 2010. The average list price is $291,112, down 1% 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 $895,000.

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 January 2011 6 waterfront lots sold in the Lake Norman area, a 100% increase from the 3 waterfront lots sold in December 2010. The averge sales price was $343,333, down 42% from the December average sales price which was $593,000. January 2011 sales figures increased 600% from January 2010 when 1 Lake Norman waterfront lot sold. The average sales price decreased 2% from the January 2010 average sales price of $350,000.

Currently there are 289 Lake Norman waterfront lots listed in the MLS with 8 of those under contract. The average list price is $420,453, down 1% 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 $2,000,000.

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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