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