April 2011 Lake Norman Real Estate Market Update

Lake Norman real estate market update for April 2011. Lake Norman home sales statistics. Lake Norman home values. Lake Norman property values. Lake Norman homes, condos and lot prices.

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Lake Norman Homes
In April 2011 86 homes sold in the Lake Norman area, a 12% increase from the 77 homes sold in March 2011. April 2011 sales figures increased 18% from April 2010 when 73 homes sold in the Lake Norman area.

The average sales price decreased 2% from $468,075 in March 2011 to $457,836 in April 2011. The April 2011 average sales price decreased 1% from the April 2010 average sales price which was $462,492.

Average days on the market decreased 11% from 178 days in March 2011 to 158 days on the market in April 2011. April 2010 average days on the market were 174, a 9% decrease in market time.

Currently there are 1237 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,369 square feeet and an average list price of $633,611 up 1% from the March average list price of $625,887. The average days on the market are 159. 135 Lake Norman homes are currently under contract, down 31% from March.

Lake Norman Condos & Townhomes
In April 2011 12 condos/townhomes sold in the Lake Norman area, a 20% decrease from the 15 condos or townhomes sold in March 2011. April 2011 sales figures decreased 14% from April  2010 when 14 condos sold.

The average sales price increased 10% from $188,986 in March 2011 to $208,732 in April 2011. April  2011 average sales price increased 16% from the April  2010 average sales price which was $179,278. 

Average days on the market decreased 4% from 125 in March to 120 in April. April 2010 average days on the market were 164.

Currently there are 201 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,362  square feeet and an average list price of $212,442, down 2.5% from March’s average list price of $218,048. The average days on the market are 148. 14 Lake Norman condos/townhomes are currently under contract, a 30% decrease from March.

Lake Norman Lots
In April 2011 11 lots sold in the Lake Norman area, a 31% decrease from the 16 lots sold in March 2011. April  2011 sales figures decreased 15% from April  2010 when 13 lots sold.

The average sales price increased 5% from $169,711 in March 2011 to $178,318 in April  2011. April 2011 average sales price increased 126% from the April  2010 average sales price which was $78,887.

Average days on the market decreased 13% from 398 in March 2011 to 348 in April 2011. April 2010 average days on the market were 373, a 6% decrease in market time vesus the same time period last year.

Currently there are 1335 lots for sale in the Lake Norman MLS area. The average list price is $163,895, down .6% from March’s average list price of $164,910. The average days on the market are 374. 29 Lake Norman area lots are currently under contract, a 3% decrease from March.

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

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