Lake Norman Condo Market Update For February 2012

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In February 2012 10 condos/townhomes sold in the Lake Norman area, a 9.1% decrease from the 11 condos or townhomes sold in January 2012. February 2012 sales figures increased 11.1% from February 2011 when 9 Lake Norman condos sold.

The average sales price increased 22.9% from $161,514 in January 2012 to $198,450 in February 2012. February 2012 average sales price increased 25.6% from the February 2011 average sales price which was $157,946.

Average days on the market increased 11.8% from 169 in January to 189 in February. February 2011 average days on the market were 185.

Currently there are 110 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,438 square feet and an average list price of $229,081, down .8% from January’s average list price of $230,967. The average days on the market are 163. 7 Lake Norman condos/townhomes are currently under contract, a 12.5% decrease from January.

Lake Norman Condos For Sale

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