I had a friend ask me if I would do a sales analysis of Mooresville’s 28115 zip code because this area is not a part of my Lake Norman market reports. I said sure! Just to clarify, area 28115 is almost entirely the Town of Mooresville and is east of I-77. Almost all of the portion of Mooresville on the Lake Norman side of I-77, which has zip code 28117, is considered Mooresville but is actually in Iredell County and does not receive any services like sewer, water etc. from The Town of Mooresville. The Town of Mooresville even has a separate school system. Confusing? Yep!
First, I took a look at their total annual sales comparing 2016 to 2015:
*All date is from the Charlotte Multiple Listing service
So, as you can see, Mooresville’s number of homes sold in 2016 was 14% higher than 2015, the average sales price was 8% higher than 2015 but the days on the market was just about identical.
Next, let’s take a look at the past 6 months in more detail: