Lake Park NC Real Estate Market Report—2009
How did the Lake Park NC real estate market fare in 2009 and how did it compare with 2008?
The Lake Park NC real estate market is small due to the small size of the town. 
In 2009, average prices for single family homes were down 6% compared with average prices in 2008. Average prices for condos and townhomes in Lake Park were up 17% in 2009. These numbers indicate that Lake Park’s real estate market performed better than most of the other small towns in Union County NC. Sellers in Lake Park NC waited longer to sell their homes in 2009 with days on market increasing 36% for single family homes and 45% for townhomes and condos.
Lake Park NC Average Real Estate Prices, Homes Sold and Average Days on the Market
2008 Average Sales Price: $190,277 2009 Average Sales Price: $178,567 Year-to-Year Change: -6%
2008 Number of Homes Sold: 22 2009 Number of Homes Sold: 17 Year-to-Year Change: -22%
2008 Average Days on Market: 85 2009 Average Days on Market: 107 Year-to-Year Change: +36%
Townhomes and Condominiums in Lake Park NC
2008 Average Sales Price: $131,480 2009 Average Sales Price: $154,780 Year-to-Year Change: +17%
2008 Number of Homes Sold: 5 2009 Number of Homes Sold: 5 Year-to-Year Change: no change
2008 Average Days on Market: 147 2009 Average Days on Market: 214 Year-to-Year Change: +45%
Source: Carolina Multiple Listing Service
Copyright 2010. Carol Fox. Allen Tate Realtors. *Lake Park NC Real Estate Market Report—2009*
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