Lake Norman Foreclosure Real Estate Market Update September 2011

Lake Norman Foreclosure Homes
At the end of September 2011 there were 115 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, an 8.7% decrease from the 126 foreclosure, preforeclosure & short sale properties for sale in August 2011. Prices range from $41,800 to $8,000,000 for a waterfront home in Mooresville.

9 foreclosure/short sale homes closed in September 2011. This was a decrease of 52.6% from the 19 foreclosure homes sold in August 2011. The average home sold was a 3 bedroom/2 bath with 2,816 square feet and an average sale price of $241,421. The average sales price decreased 26.7% from the previous months average sale price of $329,563. The average days on the market were 185, a 50 day increase from August 2011.

34 foreclosure and short sale properties are currently under contract, a 6.25% increase from August 2011. Continue reading Lake Norman Foreclosure Real Estate Market Update September 2011

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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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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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November 2010 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
In November 2010 there are 161 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 3% increase from the 156 foreclosure, preforeclosure & short sale properties for sale in October 2010. Prices range from $29,900 for a double-wide to $1,900,000 for a waterfront home in The Point.

Twenty-one foreclosure/short sale homes closed in November 2010. This was an increase of 11% from the 19 foreclosure homes sold in October 2010. The average home was a 3 bedroom with 3,393 square feet and an average sale price of $386,618. The average sales price decreased $6,232 or 2% from the previous month. The average days on the market were 123, a 2 day increase from October 2010.

Fifty foreclosure and short sale properties are currently under contract, a 14% decrease from October 2010.

Lake Norman Foreclosure Condos & Townhomes
In November 2010 there are 9 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 29% increase from the 7 foreclosure, preforeclosure & short-sale properties listed for sale in October 2010. Foreclosure prices range from $169,000 to $219,900. The average unit is a 2 bed/2 bath with 1,597 square feet and an average list price of $180,388.

Zero foreclosure, preforeclosure or short-sale condos/townhomes closed in November 2010. This was a decrease of 0% from the 0 foreclosure, preforeclosure or short-sale condos sold in October 2010. Two 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 fill out the form on our website.

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

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