Oct 20

Lake Norman Real Estate Market Update September 2011

Lake Norman Homes
In September 2011 80 homes sold in the Lake Norman area, a 24.5% decrease from the 106 homes sold in August 2011. September 2011 sales figures increased 11.1% from September 2010 when 72 homes sold in the Lake Norman area.

The average sales price increased 18.1% from $441,007 in August 2011 to $520,975 in September 2011. The September 2011 average sales price increased 28.4% from the September 2010 average sales price which was $405,884.

Average days on the market increased 7% from 157 days in August 2011 to 168 days on the market in September 2011. September 2010 average days on the market were 154, a 9% increase in market time.

Currently there are 1160 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,340 square feeet and an average list price of $612,961 down 2.1% from the August average list price of $625,872. The average days on the market are 163. 180 Lake Norman homes are currently under contract, up 50% from August! Continue reading

Sep 21

Lake Norman Waterfront Real Estate Market Update August 2011

Lake Norman Waterfront Homes
In August 2011 20 waterfront homes sold in the Lake Norman area, a 28.6% decrease from the 28 waterfront homes sold in July  2011. August 2011 waterfront sales figures increased 33% from August 2010 when 15 waterfront homes sold in the Lake Norman area.

The average sales price increased 11.1% from $739,632 in July 2011 to $821,375 in August 2011. August 2011 average sales price decreased 18.7% from the August 2010 average sales price which was $1,010,659.

Average days on the market increased from 171 in July 2011 to 207 in August 2011, a 21% increase in market time. August 2010 average days on the market were 199, a 4% increase in market time.

Currently there are 418 Lake Norman waterfront homes listed in the MLS with 33 of those under contract, up 10% from July. The average list price is $970,828, up .13% from July. The lowest priced Lake Norman waterfront home is listed at $160,000 and the highest priced Lake Norman waterfront home is listed at $8,00,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Continue reading

Sep 21

Lake Norman Foreclosure Real Estate Market Update August 2011

Lake Norman Foreclosure Homes
At the end of August 2011 there were 126 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 57.5% decrease from the 80 foreclosure, preforeclosure & short sale properties for sale in July 2011. Prices range from $25,000 to $8,000,000 for a waterfront home in Mooresville.

19 foreclosure/short sale homes closed in August 2011. This was a increase of 35.7% from the 14 foreclosure homes sold in July 2011. The average home sold was a 3 bedroom/3 bath with 3,129 square feet and an average sale price of $329,563. The average sales price decreased 23.2% from the previous months average sale price of $429,307. The average days on the market were 135, a 0 day decrease from July 2011.

32 foreclosure and short sale properties are currently under contract, a 33% increase from July 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of August 2011 there were 11 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 10% increase from the 10 foreclosure, preforeclosure & short-sale properties listed for sale in July 2011. Prices range from $89,900 to $295,000. The average unit is a 2 bed/2 bath with 1,146 square feet and an average list price of $182,445, up 9.3% from the July’s average list price of $166,970.

Four foreclosure, preforeclosure or short-sale condos/townhomes sold in August 2011. This was an decrease of 400% from the zero foreclosure, preforeclosure or short-sale condos sold in July 2011. The average sales price in August was $123,000, up from the July average sales price of $0. Four foreclosure/preforeclosure units are currently under contract, up 33% from July.

If you would like to be added to the foreclosure properties email notification list and the Lake Norman area “Best Buy” list please visit our Lake Norman foreclosure website LakeNormanForeclosure.com.

If you need help stopping foreclosure on your Lake Norman property please give us a call at 866-LakeNorman.

Sep 21

Lake Norman Real Estate Market Update August 2011

Lake Norman Homes
In August 2011 106 homes sold in the Lake Norman area, a 23.1% decrease from the 87 homes sold in July 2011. August 2011 sales figures increased 27.7% from August 2010 when 83 homes sold in the Lake Norman area.
The average sales price decreased 13.7% from $511,166 in July 2011 to $441,007 in August 2011. The August 2011 average sales price decreased 4.7% from the August 2010 average sales price which was $462,987.
Average days on the market decreased 13.3% from 181 days in July 2011 to 157 days on the market in August 2011. August 2010 average days on the market were 138, a 28.3% increase in market time.
Currently there are 1076 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,327 square feeet and an average list price of $625,872 down 2% from the July average list price of $638,951. The average days on the market are 167. 120 Lake Norman homes are currently under contract, up 21% from July. Continue reading

Jul 11

Lake Norman Real Estate Market Update June 2011

Lake Norman Homes
In June 2011 101 homes sold in the Lake Norman area, a 63% increase from the 62 homes sold in May 2011. June 2011 sales figures decreased 12% from June 2010 when 115 homes sold in the Lake Norman area.

The average sales price decreased 17% from $566,841 in May 2011 to $472,811 in June 2011. The June 2011 average sales price decreased 16% from the June 2010 average sales price which was $564,421.

Average days on the market decreased 2% from 158 days in May 2011 to 155 days on the market in June 2011. June 2010 average days on the market were 141, a 10% increase in market time.

Currently there are 1270 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,326 square feeet and an average list price of $619,256 down 2% from the May average list price of $631,409. The average days on the market are 156. 144 Lake Norman homes are currently under contract, up 24% from May. Continue reading

Jun 20

Lake Norman Waterfront Real Estate Market Update May 2011

Lake Norman Waterfront Homes
In May 2011 22 waterfront homes sold in the Lake Norman area, a 8% decrease from the 24 waterfront homes sold in April  2011. May 2011 waterfront sales figures decreased 8% from May 2010 when 24 waterfront homes sold in the Lake Norman area.

The average sales price increased 28% from $774,829 in April 2011 to $988,863 in May 2011. May 2011 average sales price increased 21% from the May 2010 average sales price which was $820,079.

Average days on the market decreased from 209 in April 2011 to 178 in May 2011, a 15% decrease in market time. May 2010 average days on the market were 160, a 11% increase in market time.

Currently there are 450 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 5% from April. The average list price is $984,495, down 3% from April. The lowest priced Lake Norman waterfront home is listed at $169,900 and the highest priced Lake Norman waterfront home is listed at $4,750,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale

Lake Norman Waterfront Condos & Townhomes
In May 2011 7 waterfront condos or townhomes sold in the Lake Norman area, a 40% increase from the 5 waterfront condos sold in April 2011. May 2011 sales figures increased 75% from May 2010 when 4 waterfront condos sold.

The average sales price increased 23% from $275,400 in April 2011 to $337,500 in May 2011. May 2011 average sales price increased 34% from the May 2010 average sales price which was $252,125. 

Average days on the market increased from 168 in April 2011 to 230 in May 2011. May 2010 average days on the market were 88.

Currently there are 82 Lake Norman waterfront condos listed in the MLS with 2 of those under contract, a 50% decrease from April. The average list price is $269,852, down 1% from last month. The lowest priced Lake Norman waterfront condo is listed at $119,000 and the highest priced Lake Norman waterfront condo is listed at $825,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In May 2011 8 waterfront lots sold in the Lake Norman area, a 14% increase from the 7 waterfront lots sold in April 2011. The averge sales price was $591,625, up 57% from the April average sales price which was $377,750. May 2011 sales figures increased 60% from May 2010 when 5 Lake Norman waterfront lots sold. The average sales price increased 91% from the May 2010 average sales price of $310,000.

Currently there are 293 Lake Norman waterfront lots listed in the MLS with 7 of those under contract. The average list price is $410,368, up 5% from last month. The lowest priced Lake Norman waterfront lot is listed at $21,000 and the highest priced Lake Norman waterfront lot is listed at $1,999,999.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

If  you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings