Posted by: Roby Robertson | October 30, 2008

Lake Norman Real Estate: September – October Statistics

Your Lake Norman Real Estate Statistics for September and October 2008

Sold – 140 Properties Found

Square Feet

Bedrooms Full Baths Half Baths List Price Sale Price Days On Market
Min 0 2 1 0 $ 54,900 $ 40,000
1
Avg 2967 3 2 0 $ 497,672 $ 471,888
139
Max 11110 7 6 5 $ 3,695,000 $ 3,675,000
931

For the Months of September and October in the Lake Norman Area (Area 13), there were 140 homes that sold. The average Days on the Market was 139. In the same period one year ago, the total number of Lake Norman Homes that sold was 197 and the average days on the market was 105.

Of the 140 homes that sold, the activity breaks down this way:
Lake Norman Homes Priced:
250,000 and less, 44 Homes Sold
250,000 to 500,000, 51 homes Sold
500,000 to 750,000, 28 Homes Sold
750,000 to 1,000,000 10 Homes Sold

As you can see by the statistics below, there are 527 Lake Norman Area homes currently on the market. Of these, 85 are priced 1,000,000 or above.

Active – 527 Properties Found

Square Feet

Bedrooms Full Baths Half Baths List Price Sale Price Days On Market
Min 400 – 600 1 0 0 $ 50,000 $ 0
2
Avg 2900 – 3500 3 2 0 $ 698,003 $ 0
71
Max 9100 – 10700 6 7 5 $ 5,890,000 $ 0
630

 

Lake Norman Luxury Home Market
In the luxury home market (defined by homes 1,000,000 or more) for the current period the total number of homes sold is 9 with the average days on the market being 125. Compare that with the same period in 2007 there were 14 luxury homes sold with the average days on the market being 97.

As you can see in the Lake Norman area, we have been affected by the Market downturn.  However homes are still selling it is just taking longer that what we are accustomed.

If you have questions on this or any of our fantstic Lake Norman Communities, please contact your Lake Norman Agent at 704 451 7051 or by email.

See Also:

Be The First To See Lake Norman Hot New Listings as soon as they become available.

What would my Lake Norman Home Sell For?

Lake Norman Relocation, You Will Want to Consider It

Why Lake Norman is such a great Destination

Roby Robertson

 

Saving My Clients Thousands

Broker/Owner

 

Real Living In Style
Davidson NC

 

roby.robertson@realliving.com
www.LakeNormanRealLiving.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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