Lake Norman Condo Market Update For September 2011

In September 2011 19 condos/townhomes sold in the Lake Norman area, a 18.8% increase from the 16 condos or townhomes sold in August 2011. September 2011 sales figures increased 11.8% from September 2010 when 17 Lake Norman condos sold.

The average sales price increased 18.9% from $139,125 in August 2011 to $165,459 in September 2011. September 2011 average sales price decreased 9.7% from the September 2010 average sales price which was $183,331. 

Average days on the market decreased 23.3% from 163 in August to 125 in September. September 2010 average days on the market were 146.

Currently there are 166 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,420  square feeet and an average list price of $219,145, up 3.6% from August ‘s average list price of $211,436. The average days on the market are 163. 12 Lake Norman condos/townhomes are currently under contract, a 29% decrease from August.

Lake Norman condos for sale

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