Nov 18

Lake Norman Foreclosure Real Estate Market Update October 2011

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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 →

Nov 18

Lake Norman Real Estate Market Update October 2011

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Lake Norman Homes
In October 2011 87 homes sold in the Lake Norman area, a 8.75% increase from the 80 homes sold in September 2011. October 2011 sales figures increased 36% from October 2010 when 64 homes sold in the Lake Norman area.
The average sales price decreased 11.4% from $520,975 in September 2011 to $461,808 in October 2011. The October 2011 average sales price decreased 10.7% from the October 2010 average sales price which was $516,921.
Average days on the market increased 10.1% from 168 days in September 2011 to 185 days on the market in Octobert 2011. October 2010 average days on the market were 157, an 18.3% increase in market time.
Currently there are 965 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,341 square feeet and an average list price of $622,205 up 1.5% from the August average list price of $612,961. The average days on the market are 177. 115 Lake Norman homes are currently under contract, down 36% from September! Continue reading →

Oct 20

Lake Norman Waterfront Real Estate Market Update September 2011

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Lake Norman Waterfront Homes
In September 2011 31 waterfront homes sold in the Lake Norman area, a 55% increase from the 20 waterfront homes sold in August 2011. September 2011 waterfront sales figures increased 55% from September 2010 when 20 waterfront homes sold in the Lake Norman area.

The average sales price increased 5.1% from $821,375 in August 2011 to $862,873 in September 2011. September 2011 average sales price increased 51.1% from the September 2010 average sales price which was $571,108.

Average days on the market decreased from 207 in August 2011 to 147 in September 2011, a 29% decrease in market time. September 2010 average days on the market were 164, a 10.4% decrease in market time.

Currently there are 389 Lake Norman waterfront homes listed in the MLS with 29 of those under contract, down 12% from August. The average list price is $992,739, up 2.3% from August. 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 →

Oct 20

Lake Norman Foreclosure Real Estate Market Update September 2011

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Lake Norman Foreclosure Homes
At the end of September 2011 there were 115 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, an 8.7% decrease from the 126 foreclosure, preforeclosure & short sale properties for sale in August 2011. Prices range from $41,800 to $8,000,000 for a waterfront home in Mooresville.

9 foreclosure/short sale homes closed in September 2011. This was a decrease of 52.6% from the 19 foreclosure homes sold in August 2011. The average home sold was a 3 bedroom/2 bath with 2,816 square feet and an average sale price of $241,421. The average sales price decreased 26.7% from the previous months average sale price of $329,563. The average days on the market were 185, a 50 day increase from August 2011.

34 foreclosure and short sale properties are currently under contract, a 6.25% increase from August 2011. Continue reading →