Feb 07

Lake Norman Waterfront Real Estate Market Update January 2012

Lake Norman Waterfront Homes
In January 2012 13 waterfront homes sold in the Lake Norman area, a 38.1% decrease from the 21 waterfront homes sold in December 2011. January 2012 waterfront sales figures decreased 18.75% from January 2011 when 16 waterfront homes sold in the Lake Norman area.

The average sales price decreased 3.5% from $659,457 in December 2011 to $636,245 in January 2012. January 2012 average sales price decreased 13.8% from the January 2011 average sales price which was $737,968.

Average days on the market decreased from 223 in December 2011 to 180 in January 2012, a 19.3% decrease in market time. January 2011 average days on the market were 184, a 2.1% decrease in market time.

Currently there are 287 Lake Norman waterfront homes listed in the MLS with 16 of those under contract, up 6.7% from December. The average list price is $1,013,313, down 2.9% from December. The lowest priced Lake Norman waterfront home is listed at $190,000 and the highest priced Lake Norman waterfront home is listed at $5,900,000.

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

Feb 07

Lake Norman Foreclosure Real Estate Market Update January 2012

Lake Norman Foreclosure Homes
At the end of January 2012 there were 65 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 7.5% decrease from the 75 foreclosure, preforeclosure & short sale properties for sale in December 2011. Prices range from $75,000 to $5,900,000 for a waterfront home in Mooresville.

15 foreclosure/short sale homes closed in January 2012. This was an decrease of 37.5% from the 24 foreclosure and preforeclosure homes sold in December 2011. The average home sold was a 3 bedroom/2 bath with 2,338 square feet and an average sale price of $227,726. The average sales price decreased 37.5% from the previous months average sale price of $364,454. The average days on the market were 112, a 67 day decrease from December 2011.

20 foreclosure and short sale properties are currently under contract, a 4.8% decrease from December 2011. Continue reading

Jan 28

Lake Norman Waterfront Real Estate Market Update December 2011

Lake Norman Waterfront Homes
In December 2011 21 waterfront homes sold in the Lake Norman area, a 61.5% increase from the 13 waterfront homes sold in November 2011. December 2011 waterfront sales figures decreased 30% from December 2010 when 30 waterfront homes sold in the Lake Norman area.

The average sales price increased 18.3% from $557,269 in November 2011 to $659,457 in December 2011. December 2011 average sales price increased 5.2% from the December 2010 average sales price which was $627,050.

Average days on the market increased from 193 in November 2011 to 223 in December 2011, a 15.5% increase in market time. December 2010 average days on the market were 180, a 7.2% increase in market time.

Currently there are 261 Lake Norman waterfront homes listed in the MLS with 15 of those under contract, down 28.6% from November. The average list price is $1,043,065, down 2.2% from November. The lowest priced Lake Norman waterfront home is listed at $139,900 and the highest priced Lake Norman waterfront home is listed at $5,900,000.

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

Jan 28

Lake Norman Foreclosure Real Estate Market Update December 2011

Lake Norman Foreclosure Homes
At the end of December 2011 there were 75 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 20% decrease from the 94 foreclosure, preforeclosure & short sale properties for sale in November 2011. Prices range from $75,000 to $5,900,000 for a waterfront home in Mooresville.

24 foreclosure/short sale homes closed in December 2011. This was an increase of 14.3% from the 21 foreclosure homes sold in November 2011. The average home sold was a 3 bedroom/3 bath with 2,857 square feet and an average sale price of $364,454. The average sales price increased 13.9% from the previous months average sale price of $319,985. The average days on the market were 179, a 58 day decrease from November 2011.

21 foreclosure and short sale properties are currently under contract, a 25% decrease from November 2011. Continue reading

Jan 28

Lake Norman Real Estate Market Update December 2011

Lake Norman Homes
In December 2011 68 homes sold in the Lake Norman area, a 10.5% decrease from the 76 homes sold in November 2011. December 2011 sales figures decreased 28.4% from December 2010 when 95 homes sold in the Lake Norman area.
The average sales price increased 18.4% from $367,233 in November 2011 to $434,857 in December 2011. The December 2011 average sales price decreased .1% from the December 2010 average sales price which was $435,193.
Average days on the market increased 36.9% from 149 days in November 2011 to 204 days on the market in December 2011. December 2010 average days on the market were 173, a 17.7% increase in market time.
Currently there are 659 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,387 square feeet and an average list price of $650,120 up 4.1% from the November average list price of $624,246. The average days on the market are 192. 66 Lake Norman homes are currently under contract, down 104.5% from November! Continue reading

Jan 04

Lake Norman Waterfront Real Estate Market Update November 2011

Lake Norman Waterfront Homes
In November 2011 13 waterfront homes sold in the Lake Norman area, a 51.9% decrease from the 27 waterfront homes sold in October 2011. November 2011 waterfront sales figures decreased 50% from November 2010 when 26 waterfront homes sold in the Lake Norman area.

The average sales price decreased 25.2% from $744,986 in October 2011 to $557,269 in November 2011. November 2011 average sales price decreased 43.7% from the November 2010 average sales price which was $988,961.

Average days on the market increased from 193 in October 2011 to 193 in November 2011, a 0% increase in market time. November 2010 average days on the market were 198, a 2.5% decrease in market time.

Currently there are 276 Lake Norman waterfront homes listed in the MLS with 21 of those under contract, down 34% from October. The average list price is $1,066,194, up 8.2% from October. The lowest priced Lake Norman waterfront home is listed at $195,000 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

Jan 04

Lake Norman Foreclosure Real Estate Market Update November 2011

Lake Norman Foreclosure Homes
At the end of November 2011 there were 94 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 21% decrease from the 119 foreclosure, preforeclosure & short sale properties for sale in October 2011. Prices range from $69,000 to $8,000,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in November 2011. This was an increase of 40% from the 15 foreclosure homes sold in October 2011. The average home sold was a 3 bedroom/3 bath with 2,832 square feet and an average sale price of $319,985. The average sales price increased 1.5% from the previous months average sale price of $315,244. The average days on the market were 121, a 61 day decrease from October 2011.

28 foreclosure and short sale properties are currently under contract, an 0% decrease from October 2011. Continue reading

Jan 04

Lake Norman Real Estate Market Update November 2011

Lake Norman Homes
In November 2011 76 homes sold in the Lake Norman area, a 12.6% decrease from the 87 homes sold in October 2011. November 2011 sales figures increased 5.6% from November 2010 when 72 homes sold in the Lake Norman area.
The average sales price decreased 20.5% from $461,808 in October 2011 to $367,233 in November 2011. The November 2011 average sales price decreased 34.6% from the November 2010 average sales price which was $561,849.
Average days on the market decreased 19.5% from 185 days in October 2011 to 149 days on the market in November 2011. November 2010 average days on the market were 177, an 15.7% increase in market time.
Currently there are 952 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,345 square feeet and an average list price of $624,246 up .3% from the October average list price of $622,205. The average days on the market are 180. 135 Lake Norman homes are currently under contract, up 17% from October! Continue reading

Nov 18

Lake Norman Waterfront Real Estate Market Update October 2011

Lake Norman Waterfront Homes
In October 2011 27 waterfront homes sold in the Lake Norman area, a 12.9% decrease from the 31 waterfront homes sold in September 2011. October 2011 waterfront sales figures increased 50% from October 2010 when 18 waterfront homes sold in the Lake Norman area.

The average sales price decreased 13.7% from $862,873 in September 2011 to $744,986 in October 2011. October 2011 average sales price decreased 20.1% from the October 2010 average sales price which was $932,250.

Average days on the market increased from 147 in September 2011 to 193 in October 2011, a 31% increase in market time. October 2010 average days on the market were 149, a 29.5% increase in market time.

Currently there are 339 Lake Norman waterfront homes listed in the MLS with 32 of those under contract, up 10% from September. The average list price is $985,244, down .75% from September. 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

Nov 18

Lake Norman Foreclosure Real Estate Market Update October 2011

Lake Norman Foreclosure Homes
At the end of October 2011 there were 119 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 3.5% increase from the 115 foreclosure, preforeclosure & short sale properties for sale in September 2011. Prices range from $62,400 to $8,000,000 for a waterfront home in Mooresville.

15 foreclosure/short sale homes closed in October 2011. This was an increase of 66.7% from the 9 foreclosure homes sold in September 2011. The average home sold was a 3 bedroom/3 bath with 3,112 square feet and an average sale price of $315,244. The average sales price increased 30.6% from the previous months average sale price of $241,421. The average days on the market were 182, a 3 day decrease from September 2011.

37 foreclosure and short sale properties are currently under contract, an 8.8% increase from September 2011. Continue reading