June 2010 Lake Norman Real Estate Market Update

Lake Norman Homes
In June 2010 116 homes sold in the Lake Norman area, a 15% increase over the 101 homes sold in May 2010. June 2010 sales figures increased 37% over June 2009 when 85 homes sold in the Lake Norman area.

The average sales price increased 28% from $438,702 in May 2010 to $562,616 in June 2010. June 2010 average sales price increased 12% over the June 2009 average sales price which was $502,585.

Average days on the market increased from 123 in May 2010 to 153 in June 2010. June 2009 average days on the market were 156, a 2% decrease in market time.

Lake Norman Condos & Townhomes
In June 2010 16 condos sold in the Lake Norman area, a 45% increase from the 11 condos sold in May 2010. June 2010 sales figures increased 23% over June 2009 when 13 condos sold.

The average sales price increased 19% from $188,354 in May 2010 to $224,471 in June 2010. June 2010 average sales price increased 19% from the June 2009 average sales price which was $188,615.

Average days on the market increased from 73 in May to 187 in June, 3 units on the market for over one year helped to skew this figure. June 2009 average days on the market were 134.

Lake Norman Lots
In June 2010 5 lots sold in the Lake Norman area, a 64% decrease from the 14 lots sold in May 2010. June 2010 sales figures decreased 100% over June 2009 when 10 lots sold.

The average sales price increased 25% from $142,642 in May 2010 to $177,970 in June 2010. June 2010 average sales price decreased 31% from the June 2009 average sales price which was $256,587.

Average days on the market increased from 135 in May 2010 to 353 in June 2010, one listing was on the market for 914 days. June 2009 average days on the market were 122, a 189% increase in market time vesus the same time period last year.

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/