Lake Norman Foreclosure Real Estate Market Update June 2011

Lake Norman Foreclosure Homes
At the end of June 2011 there were 105 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 17% increase from the 90 foreclosure, preforeclosure & short sale properties for sale in May 2011. Prices range from $24,900 to $1,400,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in June 2011. This was an increase of 31% from the 16 foreclosure homes sold in May 2011. The average home sold was a 3 bedroom/3 bath with 3,035 square feet and an average sale price of $344,223. The average sales price increased 3% from the previous months average sale price of $334,087. The average days on the market were 153, an 27 day increase from May 2011.

Thirty foreclosure and short sale properties are currently under contract, a 6% decrease from May 2011. Continue reading Lake Norman Foreclosure Real Estate Market Update June 2011

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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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February 2011 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
At the end of February 2011 there were 122 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 2% increase from the 120 foreclosure, preforeclosure & short sale properties for sale in January 2011. Prices range from $27,209 for a double-wide to $1,300,000 for a waterfront home in Mooresville.

Twenty-three foreclosure/short sale homes closed in February 2011. This was an increase of 53% from the 15 foreclosure homes sold in January 2011. The average home was a 4 bedroom/3 bath with 3,470 square feet and an average sale price of $318,256. The average sales price decreased $74,810 or 19% from the previous month. The average days on the market were 117, an 18 day increase from January 2011.

Fourty-four foreclosure and short sale properties are currently under contract, an 4% decrease from January 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of February 2011 there were 10 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 43% increase from the 7 foreclosure, preforeclosure & short-sale properties listed for sale in January 2011. Foreclosure prices range from $90,900 to $309,900. The average unit is a 2 bed/2 bath with 1,418 square feet and an average list price of $169,685.

One foreclosure, preforeclosure or short-sale condos/townhomes sold in February 2011. This was an decrease of 50% from the 2 foreclosure, preforeclosure or short-sale condos sold in January 2011. The average sales price in February was $94,900, up 36% from the January average sales price of $70,000. Three units are currently under contract.

If you would like to be added to the foreclosure properties notification list and the Lake Norman area “Best Buy” list please contact us at 866-LakeNorman.

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

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