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

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Lake Norman Foreclosure Real Estate Market Update March 2012

Lake Norman Foreclosure Homes
At the end of March 2012 there were 77 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 40% increase from the 55 foreclosure, preforeclosure & short sale properties for sale in February. Prices range from $39,000 to $5,900,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in March 2012. This was an increase of 50% from the 14 foreclosure and preforeclosure homes sold in February. The average home sold was a 4 bedroom/4 bath with 3,677 square feet and an average sale price of $471,226. The average sales price increased 155.6% from the previous months average sale price of $184,431. The average days on the market were 164, a 54 day increase from February.

31 foreclosure and short sale properties are currently under contract, a 47.6% increase from February. Continue reading Lake Norman Foreclosure Real Estate Market Update March 2012

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