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.
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