Lake Park NC Real Estate Market Report--Year 2011
Lake Park NC Real Estate Market Report—Year 2011
How did the Lake Park NC real estate market fare during 2011 and how
did 2011 market activity compare with the previous three years?
The tables below compare the Lake Park NC real estate market for years 2008
through 2011. 42 single family homes and 4 townhomes closed in Lake Park in
2011. The highest priced single family home sale was $312,000. The highest
priced townhome sale was $123,000. Median days on the market decreased to
80 for single family homes and and increased to 108 for townhomes.
Single Family Homes in Lake Park NC
While the number of homes sold in Lake
Park in 2011 increased to 2008 levels, the median price dropped 14.1% from
2010.
Single Family Homes
| Lake Park Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
| Median Sales Price |
$175,000 |
$172,000 |
$165,692 |
$142,250 |
| Number of Homes Sold |
45 |
23 |
24 |
42 |
| Median Days on Market |
37 |
60 |
143 |
80 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums in Lake Park NC
Only four townhomes or condominiums sold in Lake Park in 2011. The median
price dropped to the lowest level in four years.
Townhomes and Condominiums
| Lake Park Townhomes and Condos |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
| Median Sales Price |
$141,500 |
$133,450 |
$117,000 |
$95,600 |
| Number of Homes Sold |
13 |
10 |
12 |
4 |
| Median Days on Market |
52 |
118 |
184 |
108 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Lake Park NC
Nearly 80% of the homes sold in Lake Park were resales with distressed sales
accounting for the rest.
| Lake Park Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
36 |
78.2% |
| New Construction |
n/a |
n/a |
| Foreclosure |
7 |
15.2% |
| Short Sales |
3 |
6.6% |
Source: Carolina Multiple Listing Service
Copyright 2012. Carol Fox. Allen Tate Realtors. *Lake Park
NC Real Estate Market Report—Year 2011*