Lake Norman Condo Market Update For March 2012

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In March 2012 6 condos/townhomes sold in the Lake Norman area, a 40% decrease from the 10 condos or townhomes sold in February 2012. March 2012 sales figures decreased 57.1% from March 2011 when 14 Lake Norman condos sold.

The average sales price decreased 35.2% from $198,450 in February 2012 to $128,667 in March 2012. March 2012 average sales price decreased 33.6% from the March 2011 average sales price which was $193,914.

Average days on the market decreased 22.8% from 189 in February to 146 in March. March 2011 average days on the market were 138.

Currently there are 120 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,409 square feet and an average list price of $226,344, down 1.2% from February’s ¬†average list price of $229,081. The average days on the market are 151. 7 Lake Norman condos/townhomes are currently under contract, a 0% decrease from February.

Lake Norman Condos For Sale

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