Lake Norman Real Estate Market Update January 2012

Lake Norman real estate market update for January 2012. Lake Norman home sales statistics, sales data, home prices and property values. Lake Norman real estate.

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Lake Norman Homes
In January 2012 48 homes sold in the Lake Norman area, a 29.4% decrease from the 68 homes sold in December 2011. January 2012 sales figures decreased 11.1% from January 2011 when 54 homes sold in the Lake Norman area.
The average sales price decreased 10.1% from $434,857 in December 2011 to $391,015 in January 2011. The January 2012 average sales price decreased 9.7% from the January 2011 average sales price which was $432,988.
Average days on the market decreased 10.8% from 204 days in December 2011 to 182 days on the market in January 2012. January 2011 average days on the market were 168, an 8.5% increase in market time.
Currently there are 826 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,408 square feeet and an average list price of $639,981 down 1.6% from the December average list price of $650,120. The average days on the market are 170. 101 Lake Norman homes are currently under contract, up 53% from December!

Lake Norman Condos & Townhomes
In January 2012 11 condos/townhomes sold in the Lake Norman area, a 35.3% decrease from the 17 condos or townhomes sold in December 2011. January 2012 sales figures increased 83.3% from January 2011 when 6 Lake Norman condos sold.
The average sales price decreased 4.5% from $169,109 in December 2011 to $161,514 in January 2012. January 2012 average sales price decreased 3% from the January 2011 average sales price which was $166,498.
Average days on the market increased 24.3% from 136 in December to 169 in January. January 2011 average days on the market were 183.
Currently there are 133 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,409 square feet and an average list price of $230,967, up 5.4% from December’s average list price of $219,136. The average days on the market are 159. 8 Lake Norman condos/townhomes are currently under contract, a 11% decrease from December.

Lake Norman Lots
In January 2012 16 lots sold in the Lake Norman area, a 77.8% increase from the 9 lots sold in December 2011. January 2012 sales figures increased 167% from January 2011 when 6 lots sold.
The average sales price decreased 6.6% from $221,006 in December 2011 to $206,500 in January 2012. January 2012 average sales price increased 11.1% from the January 2011 average sales price which was $185,833.
Average days on the market increased 544% from 94 in December 2011 to 605 in January 2012. January 2011 average days on the market were 152, a 298% increase in market time vesus the same time period last year.
Currently there are 1076 lots for sale in the Lake Norman MLS area. The average list price is $155,174, down 5.1% from December’s average list price of $163,445. The average days on the market are 371. 38 Lake Norman area lots are currently under contract, a 31% increase from December.

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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  1. Pingback: Lake Norman real estate market update for December 2011 | Lake Norman Real Estate For Sale

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