SOLD – Lake Norman Waterfront Foreclosure

Lake Norman Waterfront Foreclosure

This home offers panaramic water views throughout home, Relax next to your salt water pool and spa with the sound of the waterfall, looking out at the lake. Home has lots of privacy on just under 6 acres, all new appliances, light fixtures, hvac systems and a 2 bedroom 2 bath guest home. This home was built for entertaining in mind. You will not want to miss this deal, best deal on Lake Norman.

Features 4 car attached garage and 4 car dettached garage as well as a Lake Norman waterfront guest house.

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. Continue reading Lake Norman Foreclosure Real Estate Market Update March 2013