Lake Norman Waterfront Market Report: Examining 12-month prices.
Lake Norman waterfront inventory continues to tumble, prices continue to head higher in most locations. Here are the numbers for single-family, waterfront homes:
+17% Denver
+1% Terrell
-5% Sherrills Ford
+11% Mooresville
+2% Cornelius
Let’s examine Lake Norman waterfront median sales price data in The Point in Mooresville and The Peninsula in Cornelius.
+10% The Point
+16% The Peninsula
How about median sales prices in the Lake Norman waterfront condo market?
+12% Davidson
+8% Cornelius
+5% Mooresville
Inventory of waterfront condos is up by a large percentage in Mooresville and down by a large percentage in Davidson. That’s why we are seeing the larger price gains in Davidson and to a lesser extent in Mooresville. It’s the law of supply and demand in action.
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