Lake Norman Condo Market Update For June 2011

In June 2011 17 condos/townhomes sold in the Lake Norman area, a 13% increase from the 15 condos or townhomes sold in May 2011. June 2011 sales figures increased 6% from June 2010 when 16 condos sold.

The average sales price decreased 20% from $240,264 in May 2011 to $193,274 in June 2011. June 2011 average sales price decreased 14% from the June 2010 average sales price which was $224,472. 

Average days on the market increased 1% from 187 in May to 189 in June. June 2010 average days on the market were 201.

Currently there are 204 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,356  square feeet and an average list price of $215,394, down 1% from May’s average list price of $217,053. The average days on the market are 151. 18 Lake Norman condos/townhomes are currently under contract, a 64% increase from May.

Lake Norman condos for sale

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