May 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In May 2010 24 waterfront homes sold in the Lake Norman area, a 41% increase over the 17 waterfront homes sold in April 2010. May 2010 sales figures increased 119% over May 2009 when 11 waterfront homes sold in the Lake Norman area.

The average sales price decreased 4% from $852,229 in April 2010 to $820,079 in May 2010. May 2010 average sales price increased 19% over the May 2009 average sales price which was $690,770.

Average days on the market increased from 140 in April 2010 to 150 in May 2010. May 2009 average days on the market were 135, an 11% increase in market time.

Currently there are 604 waterfront homes listed in the MLS. The average list price is $1,064,413. The lowest priced waterfront home is listed at $85,000 and the highest priced 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 May 2010 4 waterfront condos sold in the Lake Norman area, a 0% increase from the 4 waterfront condos sold in April 2010. May 2010 sales figures increased 0% over May 2009 when 4 waterfront condos sold.

The average sales price decreased 1% from $254,750 in April 2010 to $252,125 in May 2010. May 2010 average sales price increased 23% from the May 2009 average sales price which was $205,475.


Average days on the market decreased from 86 in April to 83 in May. May 2009 average days on the market were 51.

Currently there are 105 waterfront condos listed in the MLS. The average list price is $300,870. The lowest priced waterfront condo is listed at $130,000 and the highest priced waterfront condo is listed at $969,000.

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 May 2010 4 waterfront lots sold in the Lake Norman area, a 100% increase over the 2 waterfront lots sold in April 2010. May 2010 sales figures increased 33% over May 2009 when only 3 waterfront lots sold.

The average sales price increased 96% from $163,081 in April 2010 to $318,750 in May 2010. May 2010 average sales price decreased 37% from the May 2009 average sales price which was $505,000.


Average days on the market decreased from 152 in April 2010 to 114 in May 2010. May 2009 average days on the market were 165, a 31% decrease in market time vesus the same time period last year.

Currently there are 360 waterfront lots listed in the MLS. The average list price is $463,807. The lowest priced waterfront lot is listed at $44,9000 and the highest priced waterfront lot is listed at $6,500,000.

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


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

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