The Lake Norman area residential real estate market experienced mixed results in the first quarter of 2019, according to the latest figures from the Charlotte Regional Realtor Association.
Sales climbed 8.2 percent in Mooresville but plunged about 13 percent in Huntersville and Denver compared to the first three months of 2018. Closed sales in Davidson were virtually equal to last year.
The CRRA does not break down sales in Cornelius but does include a category for homes close to the water, where sales were up 2.4 percent.
Average home prices dipped overall in the Lake Norman area, with Davidson’s 1.5 percent increase (to nearly $396,000) the only exception.
The average price fell nearly 3 percent in Mooresville, to about $360,000; dropped 2.1 percent in Huntersville, to nearly $334,000; and dipped 0.4 percent in Denver, to about $340,000. The average price of a home near the lake was down more than 4 percent, to $446,000.
In terms of available homes on the market, Huntersville and Davidson bucked a trend in the 10-county region monitored by the CRRA. While inventory was down more than 6 percent in the region compared to last March, the number of available homes was up more than 3 percent in Huntersville and jumped more than 15 percent in Davidson.
Listings were down nearly 3 percent in Mooresville, 11 percent in Denver and 10 percent near the lake.
Here’s a look at other first-quarter statistics.
Percent of original list price received
Davidson: 95.7 percent, up 0.4 percent
Denver: 95.1 percent, down 2 percent
Huntersville: 96.6 percent, down 0.4 percent
Mooresville: 95.4 percent, down 0.4 percent
Near the lake: 94.8 percent, down 0.8 percent
Days on the market until sold
Davidson: 57, down 28.8 percent
Denver: 74, down 6.3 percent
Huntersville: 55, unchanged
Mooresville: 66, down 19.5 percent
Near the lake: 78, down 9.3 percent