July 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In July 2010 23 waterfront homes sold in the Lake Norman area, a 36% decrease over the 36 waterfront homes sold in June 2010. July 2010 sales figures increased 10% over July 2009 when 21 waterfront homes sold in the Lake Norman area.


The average sales price decreased 37% from $1,073,498 in June 2010 to $676,030 in July 2010. July 2010 average sales price decreased 45% over the July 2009 average sales price which was $1,219,478.


Average days on the market increased from 164 in June 2010 to 187 in July 2010, a 14% increase in market time. July 2009 average days on the market were 134.


Currently there are 524 waterfront homes listed in the MLS. The average list price is $1,046,849. The lowest priced waterfront home is listed at $93,500 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 July 2010 6 waterfront condos sold in the Lake Norman area, a 14% decrease from the 7 waterfront condos sold in June 2010. July 2010 sales figures decreased 33% from July 2009 when 9 waterfront condos sold.


The average sales price decreased 16% from $301,892 in June 2010 to $254,500 in July 2010. June 2010 average sales price decreased 2% from the July 2009 average sales price which was $259,444.


Average days on the market increased from 144 in June 2010 to 286 in July 2010. July 2009 average days on the market were 114.


Currently there are 79 waterfront condos listed in the MLS. The average list price is $294,358. 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 July 2010 5 waterfront lots sold in the Lake Norman area, a 0% increase over the 5 waterfront lots sold in June 2010. July 2010 sales figures increased 25% from July 2009 when 4 waterfront lots sold.

The average sales price increased 91% from $177,970 in June 2010 to $339,000 in July 2010. July 2010 average sales price decreased 13% from the July 2009 average sales price which was $390,085.


Average days on the market decreased from 353 in June 2010 to 66 in July 2010. July 2009 average days on the market were 207, a 68% decrease in market time vesus the same time period last year.

Currently there are 330 waterfront lots listed in the MLS. The average list price is $440,503. The lowest priced waterfront lot is listed at $39,900 and the highest priced waterfront lot is listed at $3,200,000.

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