Lake Norman Foreclosure Real Estate Market Update July 2011

Lake Norman Foreclosure Homes
At the end of July 2011 there were 80 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 23.8% decrease from the 105 foreclosure, preforeclosure & short sale properties for sale in June 2011. Prices range from $25,000 to $1,400,000 for a waterfront home in Mooresville.

14 foreclosure/short sale homes closed in July 2011. This was a decrease of 33% from the 21 foreclosure homes sold in June 2011. The average home sold was a 3 bedroom/3 bath with 3,402 square feet and an average sale price of $429,307. The average sales price increased 24.7% from the previous months average sale price of $344,223. The average days on the market were 135, an 18 day decrease from June 2011.

24 foreclosure and short sale properties are currently under contract, a 20% decrease from June 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of July 2011 there were 10 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 16.7% decrease from the 12 foreclosure, preforeclosure & short-sale properties listed for sale in June 2011. Prices range from $89,900 to $295,000. The average unit is a 2 bed/2 bath with 1,135 square feet and an average list price of $166,970, up 4% from the June average list price of $160,575.

Zero foreclosure, preforeclosure or short-sale condos/townhomes sold in July 2011. This was an decrease of 100% from the two foreclosure, preforeclosure or short-sale condos sold in June 2011. The average sales price in June was $112,600, down 6% from the May average sales price of $119,750. Three foreclosure/preforeclosure units are currently under contract, down 25% from June.

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.

See all Lake Norman foreclosure, short sale and preforeclosure home listings.
See all Lake Norman foreclosure, short sale and preforeclosure condo listings.

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

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Foreclosure News For June 11 2011

Carnie Wilson Foreclosure. Carnie Wilson has no one to blame for her unhappiness. She likely purchased a home during her musical heyday, watched it tripled in value during the boom years of 1990-2006, and then borrowed against it to …
http://www.funtuna.com/ — Mon, 11 Jul 2011 11:16:00 -0700

When facing a major issue like a foreclosure, it is extremely imperative to be clear-headed and be calm whilst going via the process. This would be to save you from any emotional distress, and at the exact same time, could help you look …
http://dropaline.cz.cc/ — Mon, 11 Jul 2011 10:55:24 -0700

When facing a main problem like a foreclosure, it's very imperative to be clear-headed and be calm while going through the procedure. This is to save you from any emotional distress, and in the same time, could assist you to appear for …
http://auslinks.net/ — Mon, 11 Jul 2011 10:55:23 -0700

Celebrity Home Foreclosure News of the Day. Carnie Wilson, daughter of famous Beach Boys lead singer, Brian Wilson, is facing foreclosure on her Los Angeles home. According to an article in The HuffingtonPost.com: …
http://www.foreclosurebusinessnews.com/ — Mon, 11 Jul 2011 10:46:17 -0700

The large U.S mortgage servicers are mulling over submitting their plans regarding the modified foreclosure practices by July 13 to the Federal Reserve, while their talks on broader settlement terms with state attorney generals (AGs) …
http://www.dailymarkets.com/ — Mon, 11 Jul 2011 10:05:13 -0700

Buying House Foreclosure. July 11th, 2011 by admin Leave a reply ». ST JOSEPH statue HOME SELLER selling Kit saint house figurine $10.99. Trouble Selling Your Home? It may be because you haven't buried a statue of St. Joseph in your …
http://www.connectrealtynw.com/ — Mon, 11 Jul 2011 09:43:07 -0700

Mortgage servicers completed 68000 foreclosure sales on the courthouse steps in May, down 7% from the previous month and the second straight month of declines, according to the Hope Now alliance of insurers, counselors and lenders. …
http://realtrends.com/blog/ — Mon, 11 Jul 2011 09:23:51 -0700

Propertyshark just released their second quarter foreclosures report, and things seem to be looking pretty similar to the May report. Co-op foreclosures rose from 46 this time last year to 201. First time foreclosures overall went up …
http://readnewyork.com/ — Mon, 11 Jul 2011 09:16:28 -0700

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Lake Norman Foreclosure Real Estate Market Update June 2011

Lake Norman Foreclosure Homes
At the end of June 2011 there were 105 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 17% increase from the 90 foreclosure, preforeclosure & short sale properties for sale in May 2011. Prices range from $24,900 to $1,400,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in June 2011. This was an increase of 31% from the 16 foreclosure homes sold in May 2011. The average home sold was a 3 bedroom/3 bath with 3,035 square feet and an average sale price of $344,223. The average sales price increased 3% from the previous months average sale price of $334,087. The average days on the market were 153, an 27 day increase from May 2011.

Thirty foreclosure and short sale properties are currently under contract, a 6% decrease from May 2011. Continue reading Lake Norman Foreclosure Real Estate Market Update June 2011

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Lake Norman Foreclosure Real Estate Market Update May 2011

Lake Norman Foreclosure Homes
At the end of May 2011 there were 90 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 13% decrease from the 103 foreclosure, preforeclosure & short sale properties for sale in April 2011. Prices range from $75,000 to $1,499,000 for a waterfront home in Mooresville.

Sixteen foreclosure/short sale homes closed in May 2011. This was an decrease of 24% from the 21 foreclosure homes sold in April 2011. The average home sold was a 3 bedroom/3 bath with 3,313 square feet and an average sale price of $334,087. The average sales price decreased $2,103 or .6% from the previous month. The average days on the market were 126, an 86 day decrease from May 2011.

Thirty-two foreclosure and short sale properties are currently under contract, a 0% decrease from April 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of May 2011 there were 9 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 18% decrease from the 11 foreclosure, preforeclosure & short-sale properties listed for sale in April 2011. Prices range from $95,000 to $309,900. The average unit is a 2 bed/2 bath with 1,255 square feet and an average list price of $177,299, down 2.5% from the April average list price of $181,791.

Zero foreclosure, preforeclosure or short-sale condos/townhomes sold in May 2011. This was an decrease of 100% from the two foreclosure, preforeclosure or short-sale condos sold in April 2011. The average sales price in May was $0,000, down from the April average sales price of $119,750. Two foreclosure/preforeclosure units are currently under contract.

If you would like to be added to the foreclosure properties email notification list and the Lake Norman area “Best Buy” list please visit sign up for our Listing Alert.

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

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Affordability Reaches Highest Level in 20 Years

Homes are more affordable to more families, according to the latest index for the first quarter of 2011 that shows affordability reaching its highest level in more than 20 years.

Nearly 75 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The previous high was set in the fourth quarter of 2010 with 73.9 percent.

“With interest rates remaining at historically low levels, today’s report indicates that home ownership is within reach of more households than it has been for more than two decades,” says Bob Nielsen, chairman of the National Association of Home Builders. Continue reading Affordability Reaches Highest Level in 20 Years

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