August 2010 Lake Norman Real Estate Market Update

Lake Norman Homes
In August 2010 83 homes sold in the Lake Norman area, a 2% increase over the 81 homes sold in July 2010. August 2010 sales figures increased 5% over August 2009 when 79 homes sold in the Lake Norman area.

The average sales price decreased 1% from $468,367 in July 2010 to $462,986 in August 2010. The August 2010 average sales price decreased .3% from the August 2009 average sales price which was $464,162.

Average days on the market decreased 44% from 177 in July 2010 to 98 days on the market in August 2010. August 2009 average days on the market were 166, a 41% decrease in market time.

Currently there are 1372 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath home with 3,364 square feeet and an average list price of $648,964. The average days on the market are 147. 126 homes are currently under contract.

Lake Norman Condos & Townhomes
In August 2010 13 condos sold in the Lake Norman area, an 8% increase from the 12 condos sold in July 2010. August 2010 sales figures decreased 19% from August 2009 when 16 condos sold.

The average sales price decreased 4.5% from $210,945 in July 2010 to $201,492 in August 2010. August 2010 average sales price decreased 10% from the August 2009 average sales price which was $224,204.

Average days on the market decreased 21% from 208 in July to 165 in August. August 2009 average days on the market were 123.

Currently there are 211 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,375 square feeet and an average list price of $227,647. The average days on the market are 129. 17 Lake Norman condos/townhomes are currently under contract.

Lake Norman Lots
In August 2010 4 lots sold in the Lake Norman area, a 75% decrease from the 16 lots sold in July 2010. August 2010 sales figures decreased 64% from August 2009 when 11 lots sold.

The average sales price decreased 71% from $135,887 in July 2010 to $39,040 in August 2010. August 2010 average sales price decreased 71% from the August 2009 average sales price which was $136,409.

Average days on the market increased from 170 in July 2010 to 297 in August 2010. August 2009 average days on the market were 329, a 10% decrease in market time vesus the same time period last year.

Currently there are 1380 lots for sale in the Lake Norman MLS area. The average list price is $185,932. The average days on the market are 416. 24 lots are currently under contract.

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

Contact us at 866-LakeNorman for all of your Lake Norman real estate needs!