Wednesday, August 29, 2012

Lake Norman Waterfront lots

Waterfront Lot Sales Trend Upward, As Lower Housing Inventory and Improved Economic Conditions Tempt People To Build

While Lake Norman is still a long way from the days of people scouring for waterfront lots and paying sums well in excess of one million dollars for lots, the segment is once again showing signs of life. While there remain some 251 active waterfront lots on Lake Norman, 17 lots have sold on the water since May 1, and there are another 17 under contract to close this quarter. Ivester Jackson recentlly had multiple offers on a lot in Bay Crossing, and currently has a premier lot off upper Jetton Road in Cornelius under contract as well, which is listed at 995k. The improved lot activity has dominoed to local builders, many of whom are reporting upticks in activity.

Active WF Lots        Pendings            Sold Since May 1
251                        17                        17

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