June 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In June 2010 36 waterfront homes sold in the Lake Norman area, a 50% increase over the 24 waterfront homes sold in May 2010. June 2010 sales figures increased 80% over June 2009 when 20 waterfront homes sold in the Lake Norman area.

The average sales price increased 31% from $820,079 in May 2010 to $1,073,498 in June 2010. June 2010 average sales price increased 26% over the June 2009 average sales price which was $849,157.

Average days on the market increased from 150 in May 2010 to 164 in June 2010, a 9% increase in market time. June 2009 average days on the market were 140.

Currently there are 558 waterfront homes listed in the MLS. The average list price is $1,073,542. The lowest priced waterfront home is listed at $93,500 and the highest priced waterfront home is listed at $9,500,000.
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Lake Norman Waterfront Condos & Townhomes
In June 2010 7 waterfront condos sold in the Lake Norman area, a 75% increase from the 4 waterfront condos sold in May 2010. June 2010 sales figures increased 0% over June 2009 when 7 waterfront condos sold.

The average sales price increased 20% from $252,125 in May 2010 to $301,892 in June 2010. June 2010 average sales price increased 30% from the June 2009 average sales price which was $232,428.

Average days on the market increased from 83 in May 2010 to 144 in June 2010. June 2009 average days on the market were 164.

Currently there are 101 waterfront condos listed in the MLS. The average list price is $299,503. The lowest priced waterfront condo is listed at $129,900 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 June 2010 5 waterfront lots sold in the Lake Norman area, a 25% increase over the 4 waterfront lots sold in May 2010. June 2010 sales figures decreased 50% from June 2009 when 10 waterfront lots sold.

The average sales price decreased 44% from $318,750 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 114 in May 2010 to 353 in June 2010 with one listing on the market over 900 days. June 2009 average days on the market were 122, a 31% increase in market time vesus the same time period last year.

Currently there are 353 waterfront lots listed in the MLS. The average list price is $464,230. The lowest priced waterfront lot is listed at $40,000 and the highest priced waterfront lot is listed at $6,500,000.

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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/