Lake Norman Condo Market Update For December 2011

In December 2011 17 condos/townhomes sold in the Lake Norman area, a 21.4% increase from the 14 condos or townhomes sold in November 2011. December 2011 sales figures increased 88.9% from December 2010 whenĀ 9 Lake NormanĀ condos sold.

The average sales price increased 9.8% from $154,075 in November 2011 to $169,109 in December 2011. December 2011 average sales price decreased 30.5% from the December 2010 average sales price which was $215,277.

Average days on the market decreased 28.8% from 191 in November to 136 in December. December 2010 average days on the market were 161.

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 1,359 square feet and an average list price of $219,136, up 1.4% from November’s average list price of $216,040. The average days on the market are 193. 9 Lake Norman condos/townhomes are currently under contract, a 61% decrease from November.

Lake Norman condos for sale

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