Lake Norman Waterfront Homes Sell for more than 10% and sometimes 30% off List Price.
After completing a Market Report for Waterfront Lake Norman Homes homes that have sold since 5/1/2010 have on average sold at 80 to 90% of asking price.
These are homes that are averaging around a million dollars or more. One property listed at 1.5 million sold for 1.2 million. Another sold for 930k and was listed for 1.1 million. And yet another luxury home listed at 3.4 sold for 2.8 almost 20% below asking.
With the inventory of luxury waterfront homes being so great I do not see any relief for sellers at this point. Lake Norman is a fantastic place to live with great amenities and schools surrounding the lake. For those who dreamed about living on the water can now make it a reality with interest rates being at their lowest and reduced prices for these great homes.
To view all these great properties go to: http://lakeandtown.com/search-waterfront.html