Lake Norman Condo Market Update For October 2011

Real Estate Agent with Southern Homes of the Carolinas License# 219364

In October 2011 19 condos/townhomes sold in the Lake Norman area, a 0% increase from the 19 condos or townhomes sold in September 2011. October 2011 sales figures increased 111.1% from October 2010 when 9 Lake Norman condos sold.

The average sales price increased 5.9% from $165,459 in September 2011 to $175,200 in October 2011. October 2011 average sales price decreased 15.6% from the October 2010 average sales price which was $207,556. 

Average days on the market increased 10.4% from 125 in September to 138 in October. October 2010 average days on the market were 124.

Currently there are 163 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,415  square feeet and an average list price of $215,704, down 1.6% from September‘s average list price of $219,145. The average days on the market are 166. 19 Lake Norman condos/townhomes are currently under contract, a 58.3% increase from September.

Lake Norman condos for sale


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Mike Spruell

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