Lake Park NC Real Estate Market Report—July-September 2010
How did the Lake Park NC real estate market fare in the third quarter of 2010 and how does 2010 market activity compare with 2009?
There weren’t many single family or townhome/condominium sales in Lake Park NC during the third quarter of 2010. The average sales price of the single family homes dropped 12% from the second quarter of 2010 and 3% below 2009 prices. Townhome and condominium prices dropped 13% from the second quarter of 2010 and 26% below the average sales price in 2009. The drop in average sales prices in Lake Park are most likely reflective of the drop in market activity resulting from the end of the federal tax credit stimulus.
Lake Park NC Average Real Estate Prices, Homes Sold, and Average Days on Market
The chart below shows average sales prices in Lake Park NC for single family homes and townhomes in 2008 and 2009 plus the first three quarters of 2010.
Single Family Homes in Lake Park NC
2009 Average Sales Price: $178,567 First Quarter 2010 Average Sales Price: $187,375 Second Quarter 2010 Average Sales Price: $197,461 Third Quarter 2010 Average Sales Price: $172,399
2009 Number of Homes Sold: 17 First Quarter 2010 Number of Homes Sold: 4 Second Quarter 2010 Number of Homes Sold: 3 Third Quarter 2010 Number of Homes Sold: 4
2009 Average Days on Market: 107 First Quarter 2010 Average Days on Market: 141 Second Quarter 2010 Average Days on Market: 143 Third Quarter Average Days on Market: 93
Townhomes and Condominiums in Lake Park NC
2009 Average Sales Price: $154,780 First Quarter 2010 Average Sales Price: $121,400 Second Quarter 2010 Average Sales Price: $131,500 Third Quarter 2010 Average Sales Price: $113,766
2009 Number of Homes Sold: 5 First Quarter 2010 Number of Homes Sold: 2 Second Quarter 2010 Number of Homes Sold: 2 Third Quarter 2010 Number of Homes Sold: 3
2009 Average Days on Market: 214 First Quarter 2010 Average Days on Market: 238 Second Quarter 2010 Average Days on Market: 108 Third Quarter 2010 Average Days on Market: 194
Source: Carolina Multiple Listing Service
Copyright 2010. Carol Fox. Allen Tate Realtors. *Lake Park NC Real Estate Market Report—July-September 2010*
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