Lake Norman Condo Market Update For July 2011

In July 2011 11 condos/townhomes sold in the Lake Norman area, a 35% decrease from the 17 condos or townhomes sold in June 2011. July 2011 sales figures decreased 8.3% from July 2010 when 12 condos sold.

The average sales price increased 8.7% from $193,274 in June 2011 to $210,068 in July 2011. July 2011 average sales price decreased .4% from the July 2010 average sales price which was $210,946. 

Average days on the market increased 1% from 189 in June to 164 in July. July 2010 average days on the market were 205.

Currently there are 207 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,379  square feeet and an average list price of $210,929, down 2.1% from June’s average list price of $215,394. The average days on the market are 155. 21 Lake Norman condos/townhomes are currently under contract, a 16.7% increase from June.

Lake Norman condos for sale

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