Posted by: Roby Robertson | June 18, 2008

Lake Norman Real Estate: Compare this year with Last Year

Lake Norman Real Estate Market Conditions for Lake Norman and The Surrounding Areas as of 06/20/2009

The following is a quick analysis of the combined single-family home and condo market within Lake Norman,North Carolina, provided by Roby Robertson of Lake Norman,in Davidson NC.  As you can see by the statistics below, Area 13, Lake Norman is still a strong market.

  • Properties currently active on the market: 1016
  • Properties closed in the last 180 days: 267
  • Average Sales Price: $474,564
  • Average List Price: $494,742
  • Ratio of List Price to Sales Price: 96%
  • Average Days on Market: 108 days
  • Sales Pending this Month: 44

 

The ”How it Was”comparative snapshot:

  • Active Listings:                        2007 – 1534
  • Days on Market:                       2007 – 111
  • LP/SP Ratio:                             2007 – 97%
  • Average Sales Price:                      2007 – $474,214
  • Average List Price:                         2007 – $492,878
  • Closed Sales last 180 days:       2007 – 264

Current Market Conditions:As lenders move to loosen some of the lending guidelines, look for increased Buyer activity.  However, the luxury home market will probably still struggle with the glut of inventory and tight lending guidelines with jumbo loans.   It is still very much a buyers market.  Certain price points have a glut of inventory and some sellers are willing to negotiate.  The above analysis is for all of the Lake Norman Real Estate area and does not break down by price ranges.

For additional information broken down by price, please contact your Lake Norman Agent at 704 451 7051.

See Also:

Lake Norman Golf and Waterfront Communities

Lake Norman Condos

More Lake Norman Area Communities

Lake Norman Hot Spots for Construction

Roby Robertson

 

Saving My Clients Thousands

Broker/Owner

 

Real Living In Style
Davidson NC

 

roby.robertson@realliving.com

 

Ph: 704 451 7051
Fax: 704 892 9766

Committed to Saving My Clients Thousands When Buying and Selling Real Estate


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