Lake Norman Foreclosure Real Estate Market Update March 2013

Lake Norman Foreclosure Update

Lake Norman Foreclosure Homes
At the end of March 2013 there were 42 Lake Norman foreclosures, preforeclosures & short-sale properties listed in the Lake Norman MLS area, a 45.5% decrease from the 77 foreclosure, preforeclosure & short sale properties for sale in March 2012. Prices range from $95,000 to $1,999,000 for a short-sale waterfront home in Cornelius.

19 Lake Norman foreclosures/short sale homes closed in March 2013. This was a decrease of 9.5% from the 21 Lake Norman foreclosures and preforeclosures sold in March 2012. The average home sold was a 3 bedroom/3 bath with 2,882 square feet and an average sale price of $313,521. The average sales price decreased 33.5% from the March 2012 average sale price of $471,226. The average days on the market were 86, a 78 day decrease from March 2012.

24 Lake Norman foreclosure and short sale properties are currently under contract, 57% of the available Lake Norman foreclosures.

Lake Norman Foreclosure Condos & Townhomes
At the end of March 2013 there were 2 Lake Norman foreclosure, preforeclosure & short-sale condos/townhomes listed in the Lake Norman MLS area, a 75% decrease from the 8 foreclosure, preforeclosure & short-sale properties listed for sale in March 2012. Both properties are listed at $119,000. The average unit is a 2 bed/2 bath with 1,472 square feet and an average list price of $119,000, down 32.8% from March 2012’s average list price of $176,987.

Two Lake Norman foreclosure, preforeclosure or short-sale condos/townhomes sold in March. This was an increase of 100% from the one foreclosure, preforeclosure or short-sale condos sold in March 2012. The average sales price in March was $167,500, up 82.1% from the March 2012 average sales price of $92,000. One foreclosure/preforeclosure units are currently under contract, down 0% from March 2012.

View all the Lake Norman foreclosures, preforeclosures and short sales.
View all the Lake Norman 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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