Lake Norman Condo Market Update For April 2011

In April 2011 12 condos/townhomes sold in the Lake Norman area, a 20% decrease from the 15 condos or townhomes sold in March 2011. April 2011 sales figures decreased 14% from April 2010 when 14 condos sold.

The average sales price increased 10% from $188,986 in March 2011 to $208,732 in April 2011. April 2011 average sales price increased 16% from the April 2010 average sales price which was $179,278. 

Average days on the market decreased 4% from 125 in March to 120 in April. April 2010 average days on the market were 164.

Currently there are 192 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,370 square feeet and an average list price of $212,962, down 2% from March’s average list price of $218,048. The average days on the market are 151. 14 Lake Norman condos/townhomes are currently under contract, a 30% decrease from March.

Lake Norman waterfront condos for sale

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