Lake Park NC Real Estate Market Report—Year 2010
How did the Lake Park NC real estate market fare during 2010 and how did 2010 market activity compare with 2009 and 2008?
The tables below compare the Lake Park NC real estate market for years 2008 through 2010. 
Lake Park is a small town with fewer sales than other areas of Union County. 24 single family homes and 12 townhomes closed in Lake Park in 2010. The highest priced single family home sale was $280,000. The highest priced townhome sale was $163,000. Median days on the market jumped for both single family homes and townhomes. The median list to sale ratio in 2010 was 97% for single family homes and 96% for townhomes.
Single Family Homes in Lake Park NC
The median sales price in Lake Park was down 3.6% from 2009 and 5.3% from 2008. The number of homes sold in 2009 and 2010 were nearly equal but dropped 46.6% from 2008. Median days on the market were up 138% from 2009.
| Lake Park Single Family Homes | Year 2008 | Year 2009 | Year 2010 |
| Median Sales Price | $175,000 | $172,000 | $165,692 |
| Number of Homes Sold | 45 | 23 | 24 |
| Median Days on Market | 37 | 60 | 143 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums in Lake Park NC
The number of townhomes sold in Lake Park each remained stable. The median sales price in 2010 dropped 12.3% from 2009 and 17.3% from 2008. Median days on the market increased 55.9% in 2010.
| Lake Park Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 |
| Median Sales Price | $141,500 | $133,450 | $117,000 |
| Number of Homes Sold | 13 | 10 | 12 |
| Median Days on Market | 52 | 118 | 184 |
Source: Carolina Multiple Listing Service
Copyright 2011. Carol Fox. Allen Tate Realtors. *Lake Park NC Real Estate Market Report—Year 2010*
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