Lake Norman Condo Market Update For May 2011

In May 2011 15 condos/townhomes sold in the Lake Norman area, a 25% increase from the 12 condos or townhomes sold in April 2011. May 2011 sales figures increased 36% from Mayu 2010 when 11 condos sold.

The average sales price increased 15% from $208,732 in April 2011 to $240,264 in May 2011. May 2011 average sales price increased 28% from the May 2010 average sales price which was $188,354. 

Average days on the market increased 56% from 120 in April to 187 in May. May 2010 average days on the market were 80.

Currently there are 197 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,378  square feeet and an average list price of $217,053, up 2% from April’s average list price of $212,442. The average days on the market are 156. 11 Lake Norman condos/townhomes are currently under contract, a 21% decrease from April.

Lake Norman condos for sale

Both comments and pings are currently closed.

Comments are closed.