Lake Norman Foreclosure Real Estate Market Update November 2011

Lake Norman Foreclosure Homes
At the end of November 2011 there were 94 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 21% decrease from the 119 foreclosure, preforeclosure & short sale properties for sale in October 2011. Prices range from $69,000 to $8,000,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in November 2011. This was an increase of 40% from the 15 foreclosure homes sold in October 2011. The average home sold was a 3 bedroom/3 bath with 2,832 square feet and an average sale price of $319,985. The average sales price increased 1.5% from the previous months average sale price of $315,244. The average days on the market were 121, a 61 day decrease from October 2011.

28 foreclosure and short sale properties are currently under contract, an 0% decrease from October 2011. Continue reading Lake Norman Foreclosure Real Estate Market Update November 2011

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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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Lake Norman Foreclosure Real Estate Market Update July 2011

Lake Norman Foreclosure Homes
At the end of July 2011 there were 80 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 23.8% decrease from the 105 foreclosure, preforeclosure & short sale properties for sale in June 2011. Prices range from $25,000 to $1,400,000 for a waterfront home in Mooresville.

14 foreclosure/short sale homes closed in July 2011. This was a decrease of 33% from the 21 foreclosure homes sold in June 2011. The average home sold was a 3 bedroom/3 bath with 3,402 square feet and an average sale price of $429,307. The average sales price increased 24.7% from the previous months average sale price of $344,223. The average days on the market were 135, an 18 day decrease from June 2011.

24 foreclosure and short sale properties are currently under contract, a 20% decrease from June 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of July 2011 there were 10 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 16.7% decrease from the 12 foreclosure, preforeclosure & short-sale properties listed for sale in June 2011. Prices range from $89,900 to $295,000. The average unit is a 2 bed/2 bath with 1,135 square feet and an average list price of $166,970, up 4% from the June average list price of $160,575.

Zero foreclosure, preforeclosure or short-sale condos/townhomes sold in July 2011. This was an decrease of 100% from the two foreclosure, preforeclosure or short-sale condos sold in June 2011. The average sales price in June was $112,600, down 6% from the May average sales price of $119,750. Three foreclosure/preforeclosure units are currently under contract, down 25% from June.

If you would like to be added to the foreclosure properties email notification list and the Lake Norman area “Best Buy” list please visit our Lake Norman foreclosure website LakeNormanForeclosure.com.

See all Lake Norman foreclosure, short sale and preforeclosure home listings.
See all Lake Norman foreclosure, short sale and preforeclosure condo listings.

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

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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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