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


New Mooresville Waterfront Foreclosure Listing

Mooresville waterfront foreclosure

Mooresville Waterfront Foreclosure

Lake Norman waterfront home in Mooresville just listed! This is a Mooresville waterfront foreclosure listing that is accepting owner occupant bids until April 6th. I expect multiple offers and offers over the list price.
Home sits on 1 acre lot and just had new roof installed, new carpet installed, fresh paint and new stainless steel appliances. The home sits on a 1 acre lot with nice views from the master bedroom, the deck and from three bedrooms upstairs. See the virtual tour below for pictures and be sure to contact us for a private tour.

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