Wednesday, May 19, 2010

April 2010 Lake Norman real estate market update

Lake Norman Homes
In April 2010 73 homes sold in the Lake Norman area, a 6% increase over the 69 homes sold in March 2010. March 2010 sales figures increased 18% over April 2009 when 62 homes sold in the Lake Norman area.

The average sales price decreased 1.1% from $467,746 in March 2010 to $462,492 in April 2010. April 2010 average sales price increased 17% over the April 2009 average sales price which was $395,325.

Average days on the market increased from 153 in March 2010 to 154 in April 2010. April 2009 average days on the market were 147, a 5% increase in market time.

Lake Norman Condos & Townhomes
In April 2010 14 condos sold in the Lake Norman area, a 30% decrease over the 20 condos sold in March 2010. April 2010 sales figures increased 40% over April 2009 when only 10 condos sold.

The average sales price decreased 1.5% from $182,003 in March 2010 to $179,278 in April 2010. April 2010 average sales price decreased 12.5% over the April 2009 average sales price which was $204,960. Two foreclosure sales and one short sale in April 2010 helped bring the average sales price down.

Average days on the market decreased from 176 in March to 94 in April. April 2009 average days on the market were 95.

Lake Norman Lots
In April 2010 14 lots sold in the Lake Norman area, a 100% increase over the 7 lots sold in March 2010. April 2010 sales figures increased 280% over April 2009 when only 5 lots sold.

The average sales price decreased 34% from $120,285 in March 2010 to $78,887 in April 2010. April 2010 average sales price decreased 20% from the April 2009 average sales price which was $98,900.

Average days on the market increased from 123 in March 2010 to 350 in April 2010. April 2009 average days on the market were 202, a 73% increase in market time vesus the same time period last year. Two lots in new developments sold in April that were on the market for over 900 days, helping to skew these figures.

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

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
www.LakeNormanHomes.com/
866-LakeNorman

Monday, May 3, 2010

About The Lake Norman Homes Team & Keller Williams Realty

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

7 Tips for Buying New Construction

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

5 Things to Know Before You Buy a Home

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

Ten Reasons to Stop Renting and Become a Home Buyer

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

Home Buyers Tax Credit Still Available...

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

Top Five Cities to Flip a Home

The Lake Norman Homes Team
Realtors® Keller WIlliams Realty
http://lakenormanhomes.com