Lake Norman Condo Market Update For March 2013

South Park Condo Market

Lake Norman Condo Market Update

In March 2013 15 condos/townhomes sold in the Lake Norman area, a 66.7% increase from the 9 Lake Norman condos or townhomes sold in February 2013. March 2013 sales figures increased 150% from March 2012 when 6 Lake Norman condos sold.

The average sales price increased 39.9% from $145,941 in February 2013 to $204,100 in March 2013. March 2013 average sales price increased 58.6% from the March 2012 average sales price which was $128,666.

Average days on the market increased 34.7% from 95 in February to 128 in March. March 2012 average days on the market were 248.

Currently there are 101 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,488 square feet and an average list price of $220,090, down 2.8% from March 2012’s ¬†average list price of $226,344. The average days on the market are 157. 20 Lake Norman condos/townhomes are currently under contract, a 185% increase from March 2012.

Lake Norman Condos For Sale

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