Lake Norman Foreclosure Real Estate Market Update March 2012

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.

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