July 2010 Lake Norman Real Estate Market Update

Lake Norman Homes
In July 2010 81 homes sold in the Lake Norman area, a 30% decrease over the 116 homes sold in June 2010. July 2010 sales figures decreased 5% over July 2009 when 85 homes sold in the Lake Norman area.


The average sales price decreased 17% from $562,616 in June 2010 to $468,367 in July 2010. July 2010 average sales price decreased 12% over the July 2009 average sales price which was $535,161.


Average days on the market increased from 153 in June 2010 to 177 in July 2010. July 2009 average days on the market were 128, a 38% increase in market time.


Currently there are 1442 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath home with 3,311 square feeet and an average list price of $641,849. The average days on the market are 147. 128 homes are currently under contract.


Lake Norman Condos & Townhomes
In July 2010 12 condos sold in the Lake Norman area, a 25% decrease from the 16 condos sold in June 2010. July 2010 sales figures decreased 37% over July 2009 when 19 condos sold.

The average sales price decreased 6% from $224,471 in June 2010 to $210,945 in July 2010. July 2010 average sales price decreased 2% from the July 2009 average sales price which was $215,562.

Average days on the market increased from 187 in June to 208 in July. June 2009 average days on the market were 93.

Currently there are 222 condo/townhomes for sale in the Lake Norman MLS area. The average home is a 2 bed/2 bath home with 1,387 square feeet and an average list price of $232,141. The average days on the market are 137. 19 condos/townhomes are currently under contract.


Lake Norman Lots
In July 2010 16 lots sold in the Lake Norman area, a 320% increase from the 5 lots sold in June 2010. July 2010 sales figures increased 77% over July 2009 when 9 lots sold.


The average sales price decreased 24% from $177,970 in June 2010 to $135,887 in July 2010. July 2010 average sales price decreased 39% from the July 2009 average sales price which was $221,426.


Average days on the market decreased from 353 in June 2010 to 170 in July 2010. July 2009 average days on the market were 193, a 12% decrease in market time vesus the same time period last year.


Currently there are 1431 lots for sale in the Lake Norman MLS area. The average list price is $189,236. The average days on the market are 408. 19 lots are currently under contract.


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://www.lakenormanhomes.com/
866-LakeNorman