Lake Norman Condo Market Update For August 2011

In August 2011 16 condos/townhomes sold in the Lake Norman area, a 45.5% increase from the 11 condos or townhomes sold in July 2011. August 2011 sales figures increased 23.1% from August 2010 when 13 condos sold.

The average sales price decreased 33.8% from $210,068 in July 2011 to $139,125 in August 2011. August 2011 average sales price decreased 31% from the August 2010 average sales price which was $201,492. 

Average days on the market decreased .6% from 164 in July to 163 in August. August 2010 average days on the market were 199.

Currently there are 174 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,374  square feeet and an average list price of $211,436, up .2% from July’s average list price of $210,929. The average days on the market are 160. 17 Lake Norman condos/townhomes are currently under contract, a 19% decrease from July.

Lake Norman condos for sale

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