Lake Norman Condo Market Update For November 2011

In November 2011 14 condos/townhomes sold in the Lake Norman area, a 26.3% decrease from the 19 condos or townhomes sold in October 2011. November 2011 sales figures increased 133.3% from November 2010 when 6 condos sold.

The average sales price decreased 12% from $175,200 in October 2011 to $154,075 in November 2011. November 2011 average sales price decreased 32.5% from the November 2010 average sales price which was $228,167.

Average days on the market increased 38.4% from 138 in October to 191 in November . November 2010 average days on the market were 120.

Currently there are 174 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,401 square feeet and an average list price of $216,040, down .9% from October’s average list price of $217,907. The average days on the market are 181. 23 Lake Norman condos/townhomes are currently under contract, a 4.2% decrease from October.

Lake Norman condos for sale

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