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

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