Lake Norman Waterfront Real Estate Market Update February 2012

Lake Norman Waterfront Homes
In February 2012 18 waterfront homes sold in the Lake Norman area, a 38.5% increase from the 13 waterfront homes sold in January 2012. February 2012 waterfront sales figures increased 80% from February 2011 when 10 waterfront homes sold in the Lake Norman area.

The average sales price increased 18.9% from $636,245 in January to $756,277 in February. February 2012 average sales price increased 49.1% from the February 2011 average sales price which was $507,250.

Average days on the market increased from 180 in January to 187 in February, a 19.3% decrease in market time. February 2011 average days on the market were 186, a .5% increase in market time.

Currently there are 266 Lake Norman waterfront homes listed in the MLS with 14 of those under contract, down 12.5% from January. The average list price is $999,862, down 1.3% from January. 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.

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Lake Norman Waterfront Condos & Townhomes
In February 2012 4 Lake Norman waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 4 waterfront condos sold in January. February 2012 sales figures increased 300% from February 2011 when 1 waterfront condos sold.

The average sales price decreased 4.4% from $255,500 in January to $244,250 in February. February 2012 average sales price decreased 19.1% from the February 2011 average sales price which was $302,000.

Average days on the market decreased from 195 in January to 169 in February 2011. February 2011 average days on the market were 34.

Currently there are 54 Lake Norman waterfront condos listed in the MLS with 1 of those under contract, a 66% decrease from January. The average list price is $282,072, down .9% from $284,553 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 February 2012 5 waterfront lots sold in the Lake Norman area, a 0% increase from the 5 waterfront lots sold in January. The averge sales price was $190,540, down 64.6% from the January average sales price which was $537,500.

February 2012 sales figures decreased 16.7% from February 2011 when 6 Lake Norman waterfront lots sold. The average sales price decreased 12% from the January 2011 average sales price of $216,450.

Currently there are 247 Lake Norman waterfront lots listed in the MLS with 2 of those under contract. The average list price is $325,167 down 3.7% 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.

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