January 2011 Lake Norman Condo Market Update

In January 2011 6 condos/townhomes sold in the Lake Norman area, a 33% decrease from the 9 condos or townhomes sold in December 2010. January 2011 sales figures decreased 25% from January 2010 when 8 condos sold.

The average sales price decreased 23% from $215,276 in December 2010 to $166,498 in January 2011. January 2011 average sales price increased 7% from the January 2010 average sales price which was $155,812. 

Average days on the market decreased 1% from 149 in December to 147 in January. January 2010 average days on the market were 176.

Currently there are 191 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,431 square feeet and an average list price of $212,100. The average days on the market are 150. 23 Lake Norman condos/townhomes are currently under contract, an 35% increase from December.

Lake Norman condos for sale

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