Mooresville is home to the majority of Lake Norman waterfront properties, and it has seen a nice increase in value over the past 4 years:
The average Mooresville home sold for just over $375k in 2016, which which is 15% higher than it was four years ago. That’s about 3.75% per year, which is a nice, healthy rate of appreciation. Per square foot, prices are up 20% since 2012, which is 5% per year. In 2016, the average Mooresville home goes for just about $130 / square foot.
Activity has been on the rise as well. In 2012, about 92 homes per month sold in Mooresville, but in 2016 that number has ballooned to 130 homes per month. That’s a 40% increase! Wow!
What’s more, the current Mooresville market is neither a buyer’s nor a seller’s market: about 150 homes a month sell in Mooresville and with about 940 homes on the market today, that’s about 6 months of inventory, which is a healthy market.
Many things make Mooresville an attractive option for home buyers – not only the proximity to Lake Norman, but also proximity to Charlotte, which is just 30 miles away on I-77. It’s a great way to get the best of both worlds: big city life in Charlotte, just a half hour away, and life on the water on beautiful Lake Norman.
