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Mooresville Waterfront Real Estate Market Review of 2016

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2016 Mooresville Waterfront Real Estate Review

Total waterfront home sales increased 15.7% from 2015 with 199 total sales. This is the highest total on record. Mouse over bar graphs to see totals/stats.

The average sales price decreased 2.1% from $867,022 in 2015 to $848,886 in 2016.

The median sales price increased 5.7%, from the 2015 median sales price. It was the highest median sales price since 2007. I dont put much stock in median sales price as it is just what the middle home (#100) sold for last year and does not take into account location, size of home/lot, etc.

The average price per square foot had a moderate increase, 2.1%, from 2015. It was the highest price per square foot since 2008 and the 6th straight year of increased price per square foot.

The average days on the market had a significant decrease, 30.8%, from the 2015 total days on the market. Limited inventory was a key contributor to a shorter market time.

Overall the Mooresville waterfront real estate market had a mixed year with increases in units sold but a decrease in average sold price. We are predicting an appreciation of about 3-6% for waterfront homes in 2017. We are also expecting to see an increase in units sold and average sold price.

If you would like to be updated on the Mooresville real estate market visit our website, MooresvilleHomePrices.com for automatic monthly market reports and daily new listing alerts and sold property notifications. Its free and it is all automated!


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