March 2011 Lake Norman Condo Market Update

In March 2011 15 condos/townhomes sold in the Lake Norman area, a 67% increase from the 9 condos or townhomes sold in February 2011. March 2011 sales figures decreased 33% from March 2010 when 20 condos sold.

The average sales price increased 20% from $157,946 in February 2011 to $188,986 in March 2011. March 2011 average sales price increased 4% from the March 2010 average sales price which was $182,003. 

Average days on the market decreased 32% from 185 in February to 125 in March. March 2010 average days on the market were 200.

Currently there are 210 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,409 square feeet and an average list price of $218,048, up 4% from February’s average list price of $209,850. The average days on the market are 142. 20 Lake Norman condos/townhomes are currently under contract, a 0% decrease from February.

Lake Norman condos for sale

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