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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April 2011 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
At the end of April 2011 there were 103 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 17% decrease from the 124 foreclosure, preforeclosure & short sale properties for sale in March 2011. Prices range from $27,209 for a double-wide to $1,499,000 for a waterfront home in Mooresville.

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. Continue reading April 2011 Lake Norman Foreclosure Real Estate Market Update

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March 2011 Lake Norman Foreclosure Real Estate Market Update

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. Continue reading March 2011 Lake Norman Foreclosure Real Estate Market Update

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January 2011 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
At the end of January 2011 there were 120 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 3% decrease from the 116 foreclosure, preforeclosure & short sale properties for sale in December 2010. Prices range from $27,209 for a double-wide to $2,445,000 for a waterfront home in Cornelius.

Fifteen foreclosure/short sale homes closed in January 2011. This was an decrease of 46% from the 28 foreclosure homes sold in December 2011. The average home was a 3 bedroom/3 bath with 3,291 square feet and an average sale price of $393,066. The average sales price increased $47,096 or 14% from the previous month. The average days on the market were 99, a 39 day increase from December 2010.

Fourty-six foreclosure and short sale properties are currently under contract, an 12% increase from December 2010. Continue reading January 2011 Lake Norman Foreclosure Real Estate Market Update

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December 2010 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
At the end of December 2010 there were 116 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 28% decrease from the 161 foreclosure, preforeclosure & short sale properties for sale in November 2010. Prices range from $27,209 for a double-wide to $2,445,000 for a waterfront home in Cornelius.

Twenty-eight foreclosure/short sale homes closed in December 2010. This was an increase of 33% from the 21 foreclosure homes sold in November2010. The average home was a 3 bedroom/3 bath with 2,920 square feet and an average sale price of $345,970 The average sales price decreased $40,648 or11% from the previous month. The average days on the market were 138, a 15 day increase from November 2010. Continue reading December 2010 Lake Norman Foreclosure Real Estate Market Update

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