2018 Lake Norman home prices were up compared to 2017. The biggest gains in 2018 were in Davidson and Kannapolis. Denver, on the west side of the lake, saw median homes prices nearly flat, but still up about 16% going back to 2014. Kannapolis and Statesville saw huge gains in median sales price since 2014.
Let’s take a look at the greater Charlotte area. The median sales price increased 5.8 percent to $238,000 for the year. Single Family home prices were up 6.0 percent compared to last year, and Condo-Townhome home prices were up 9.7 percent.
Sellers received, on average, 96.9 percent of their original list price at sale, which remained steady from 2017. If demand shrinks in 2019, original list price received at sale could drop as well.
Let me know if you have any questions about the market. If you are ready to buy or sell, then give me a call at 704-582-1314. Matt at Lake Realty.
