Lake Norman Foreclosure Homes
At the end of March 2012 there were 77 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 40% increase from the 55 foreclosure, preforeclosure & short sale properties for sale in February. Prices range from $39,000 to $5,900,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in March 2012. This was an increase of 50% from the 14 foreclosure and preforeclosure homes sold in February. The average home sold was a 4 bedroom/4 bath with 3,677 square feet and an average sale price of $471,226. The average sales price increased 155.6% from the previous months average sale price of $184,431. The average days on the market were 164, a 54 day increase from February.

31 foreclosure and short sale properties are currently under contract, a 47.6% increase from February.

Lake Norman Foreclosure Condos & Townhomes
At the end of March 2012 there were 8 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 33% decrease from the 12 foreclosure, preforeclosure & short-sale properties listed for sale in February. Prices range from $100,000 to $295,000. The average unit is a 2 bed/2 bath with 1,295 square feet and an average list price of $176,987, down 14.4% from February’s average list price of $206,658.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in March. This was an decrease of 0% from the one foreclosure, preforeclosure or short-sale condos sold in February. The average sales price in March was $92,000, down 17.9% from the February average sales price of $112,000. One foreclosure/preforeclosure units are currently under contract, down 0% from February.

View all the Lake Norman area home foreclosures, preforeclosures and short sales listings.
View all the Lake Norman area condo foreclosures, preforeclosures and short sales for sale.

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

Lake Norman Foreclosure Homes
At the end of February 2012 there were 55 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 15.4% decrease from the 65 foreclosure, preforeclosure & short sale properties for sale in January. Prices range from $85,900 to $5,900,000 for a waterfront home in Mooresville.

14 foreclosure/short sale homes closed in February 2012. This was an decrease of 6.7% from the 15 foreclosure and preforeclosure homes sold in January. The average home sold was a 3 bedroom/2 bath with 2,147 square feet and an average sale price of $184,431. The average sales price decreased 19% from the previous months average sale price of $227,726. The average days on the market were 110, a 2 day decrease from January.

21 foreclosure and short sale properties are currently under contract, a 5% increase from January.

Lake Norman Foreclosure Condos & Townhomes
At the end of February 2012 there were 12 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 50% increase from the 8 foreclosure, preforeclosure & short-sale properties listed for sale in January. Prices range from $100,000 to $295,000. The average unit is a 2 bed/3 bath with 1,573 square feet and an average list price of $206,658, up 21.2% from the January’s average list price of $170,487.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in February. This was an decrease of 80% from the five foreclosure, preforeclosure or short-sale condos sold in January. The average sales price in February was $112,000, up 2.3% from the January average sales price of $109,430. One foreclosure/preforeclosure units are currently under contract, down 0% from January.

View all the Lake Norman area home foreclosures, preforeclosures and short sales listings.
View all the Lake Norman area condo foreclosures, preforeclosures and short sales for sale.

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

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.

Lake Norman Foreclosure Condos & Townhomes
At the end of January 2012 there were 8 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 20% decrease from the 10 foreclosure, preforeclosure & short-sale properties listed for sale in December 2011. Prices range from $100,000 to $295,000. The average unit is a 2 bed/2 bath with 1,253 square feet and an average list price of $170,487 , down .2% from the December’s average list price of $170,770.

Five foreclosure, preforeclosure or short-sale condos/townhomes sold in December 2011. This was an increase of 400% from the one foreclosure, preforeclosure or short-sale condos sold in December 2011. The average sales price in December was $109,430, up 36.8% from the November average sales price of $80,000. Two foreclosure/preforeclosure units are currently under contract, down 33% from December.

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.

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.

Lake Norman Foreclosure Condos & Townhomes
At the end of December 2011 there were 10 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 33% decrease from the 15 foreclosure, preforeclosure & short-sale properties listed for sale in November 2011. Prices range from $90,000 to $307,900. The average unit is a 2 bed/2 bath with 1,081 square feet and an average list price of $170,770, up 3% from the Nocvember’s average list price of $165,739.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in December 2011. This was an decrease of 0% from the one foreclosure, preforeclosure or short-sale condos sold in November 2011. The average sales price in December was $80,000, down 17.4% from the November average sales price of $96,900. Three foreclosure/preforeclosure units are currently under contract, up 50% from November.

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.

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.

Lake Norman Foreclosure Condos & Townhomes
At the end of November 2011 there were 15 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 36.4% increase from the 11 foreclosure, preforeclosure & short-sale properties listed for sale in October 2011. Prices range from $92,000 to $307,900. The average unit is a 2 bed/2 bath with 1,197 square feet and an average list price of $165,739, up 2.8% from the October’s average list price of $161,209.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in November 2011. This was an decrease of 0% from the one foreclosure, preforeclosure or short-sale condos sold in October 2011. The average sales price in October was $96,900, down 47.8% from the October average sales price of $185,500. Two foreclosure/preforeclosure units are currently under contract, down 33% from October.

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.

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.

Lake Norman Foreclosure Condos & Townhomes
At the end of October 2011 there were 11 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 21.4% decrease from the 14 foreclosure, preforeclosure & short-sale properties listed for sale in September 2011. Prices range from $92,000 to $295,000. The average unit is a 2 bed/2 bath with 1,134 square feet and an average list price of $161,209, up 3.9% from the September’s average list price of $155,178.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in October 2011. This was an decrease of 50% from the two foreclosure, preforeclosure or short-sale condos sold in September 2011. The average sales price in October was $185,500, up 87.8% from the September average sales price of $98,750. Three foreclosure/preforeclosure units are currently under contract, down 25% from September.

If you would like to be added to the Lake Norman foreclosure properties email notification list and the Lake Norman area “Best Buy” list please fill out our MLS Autonotification Email Alert.

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

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.

Lake Norman Foreclosure Condos & Townhomes
At the end of September 2011 there were 14 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 27.3% increase from the 11 foreclosure, preforeclosure & short-sale properties listed for sale in August 2011. Prices range from $95,000 to $295,000. The average unit is a 2 bed/2 bath with 1,222 square feet and an average list price of $155,178, down 14.9% from the August’s average list price of $182,445.

Two foreclosure, preforeclosure or short-sale condos/townhomes sold in September 2011. This was an decrease of 50% from the four foreclosure, preforeclosure or short-sale condos sold in August 2011. The average sales price in September was $98,750, up 19.7 from the August average sales price of $123,000. Three foreclosure/preforeclosure units are currently under contract, down 25% from August .

If you would like to be added to the foreclosure properties email notification list and the Lake Norman area “Best Buy” list please fill out our Listing Alert form:  LakeNormanForeclosure.com.

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

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.

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.

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.

The most affordable metro housing market in the nation? Syracuse, N.Y., in which 94.5 percent of all homes sold were affordable to households earning the area’s median family income of $64,300.

Other metro cities ranking high on the affordability index were Youngstown-Warren-Boardman, Ohio-Pa.; Indianapolis-Carmel, Ind.; Warren-Troy-Farmington Hills, Mich.; and Toledo, Ohio.

Meanwhile, the least affordable major housing market for the first quarter of 2011 was New York-White Plains-Wayne, N.Y.-N.J.

Source: “Housing Affordability Rises to Record Level, Tight Financing Continues to Constrain Sales,” National Association of Home Builders (May 25, 2011)

Meanwhile, the National Association of Home Builders reported this week that home affordability reached its highest level in 20 years, making the purchasing power for home buyers even better during this traditionally prime buying season.

Here’s a closer look at mortgage rates:

• 30-year, fixed-rate mortgage: Averaging 4.60 percent this week, it was down slightly from last week’s 4.61 percent average. Last year at this time, 30-year rates averaged 4.84 percent. The 30-year fixed rate mortgage hasn’t been under this week’s 4.60 percent average since early December 2010 when it fell to 4.46 percent.
• 15-year, fixed-rate mortgage: Averaging 3.78 percent this week, it also was down from last week’s 3.80 percent average. Last year at this time, the 15-year fixed-rate mortgage averaged 4.21 percent. It has not been under this week’s 3.78 percent average since late November 2010 when it fell to 3.77 percent.
• 5-year adjustable-rate mortgage: Averaging 3.41 percent this week, it was down from last week’s 3.48 percent average. A year ago at this time, the 5-year ARM averaged 3.97 percent.

Source: “Fixed Mortgage Rates Continue to Find New Lows,” Freddie Mac (May 26, 2011)

Twenty-one foreclosure/short sale homes closed in April 2011. This was an decrease of 13% from the 24 foreclosure homes sold in March 2011. The average home sold was a 3 bedroom/3 bath with 3,148 square feet and an average sale price of $336,190. The average sales price decreased $32,898 or 9% from the previous month. The average days on the market were 212, a 56 day increase from March 2011.

Thirty-two foreclosure and short sale properties are currently under contract, a 33% decrease from March 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of April 2011 there were 11 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 0% increase from the 11 foreclosure, preforeclosure & short-sale properties listed for sale in March 2011. Foreclosure prices range from $81,810 to $375,000. The average unit is a 2 bed/2 bath with 1,227 square feet and an average list price of $181,791, down .2% from the March average list price of $182,228.

Two foreclosure, preforeclosure or short-sale condos/townhomes sold in April 2011. This was an increase of 100% from the 1 foreclosure, preforeclosure or short-sale condos sold in March 2011. The average sales price in April was $119,750, down 40% from the March average sales price of $200,000. One foreclosure/preforeclosure units is 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 our Lake Norman foreclosure alert.

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

Lake Norman Foreclosure Homes
At the end of March 2011 there were 124 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 1.6% increase from the 122 foreclosure, preforeclosure & short sale properties for sale in February 2011. Prices range from $30,000 for a double-wide to $1,499,000 for a waterfront home in Mooresville.

Twenty-four foreclosure/short sale homes closed in March 2011. This was an increase of 4% from the 23 foreclosure homes sold in February 2011. The average home sold was a 4 bedroom/3 bath with 3,525 square feet and an average sale price of $369,088. The average sales price increased $50,832 or 16% from the previous month. The average days on the market were 156, a 39 day increase from February 2011.

Fourty-eight foreclosure and short sale properties are currently under contract, an 9% increase from February 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of March 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 February 2011. Foreclosure prices range from $81,810 to $309,900. The average unit is a 2 bed/2 bath with 1,310 square feet and an average list price of $182,228, up 7% from the February average list price of $169,685.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in March 2011. This was an decrease of 0% from the 1 foreclosure, preforeclosure or short-sale condos sold in February 2011. The average sales price in February was $200,000, up 110% from the February average sales price of $94,900. 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 fill out our Listing Alert.

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