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 October 2011

Lake Norman Foreclosure Homes
At the end of October 2011 there were 119 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 3.5% increase from the 115 foreclosure, preforeclosure & short sale properties for sale in September 2011. Prices range from $62,400 to $8,000,000 for a waterfront home in Mooresville.

15 foreclosure/short sale homes closed in October 2011. This was an increase of 66.7% from the 9 foreclosure homes sold in September 2011. The average home sold was a 3 bedroom/3 bath with 3,112 square feet and an average sale price of $315,244. The average sales price increased 30.6% from the previous months average sale price of $241,421. The average days on the market were 182, a 3 day decrease from September 2011.

37 foreclosure and short sale properties are currently under contract, an 8.8% increase from September 2011. Continue reading Lake Norman Foreclosure Real Estate Market Update October 2011

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