October 2010 Lake Norman Condo Market Update

In October 2010 9 condos sold in the Lake Norman area, an 47% decrease from the 17 condos sold in September 2010. October 2010 sales figures decreased 47% from October 2009 when 17 condos sold.

The average sales price increased 13% from $183,331 in September 2010 to $207,555 in October 2010. October 2010 average sales price increased 14% from the October 2009 average sales price which was $181,664. 

Average days on the market decreased 10% from 126 in September to 114 in October. October 2009 average days on the market were 68.

Currently there are 192 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,398 square feeet and an average list price of $223,378. The average days on the market are 164. 15 Lake Norman condos/townhomes are currently under contract.

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