2010 Lake Norman Real Estate Market Update

Posted by Lake Norman Homes Realty
Posted in Market Updates
0

Lake Norman Homes
In 2010 937 homes sold in the Lake Norman area, a 20% increase from the 778 homes sold in 2009. 2010 sales figures decreased 46% from 2006, the heighth of the sellers market, when 1743 homes sold in the Lake Norman area.

The average sales price increased 2.5% from $461,942 in 2009 to $473,291 in 2010. The 2010 average sales price decreased 4.4% from the 2006 average sales price which was $494,949. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates, Waterfront Market
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Lake Norman Waterfront Homes
In December 2010 30 waterfront homes sold in the Lake Norman area, a 15% increase from the 26 waterfront homes sold in November 2010. December 2010 waterfront sales figures increased 114% from December 2009 when 14 waterfront homes sold in the Lake Norman area.

The average sales price decreased 37% from $988,961 in November 2010 to $627,050 in December 2010. December 2010 average sales price decreased 48% from the December 2009 average sales price which was $1,214,971.

Average days on the market decreased from 198 in November 2010 to 180 in December 2010, a 9% decrease in market time. December 2009 average days on the market were 135. (more…)

Posted by Lake Norman Homes Realty
Posted in Foreclosure Market, Market Updates
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Lake Norman Foreclosure Homes
At the end of December 2010 there were 116 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 28% decrease from the 161 foreclosure, preforeclosure & short sale properties for sale in November 2010. Prices range from $27,209 for a double-wide to $2,445,000 for a waterfront home in Cornelius.

Twenty-eight foreclosure/short sale homes closed in December 2010. This was an increase of 33% from the 21 foreclosure homes sold in November2010. The average home was a 3 bedroom/3 bath with 2,920 square feet and an average sale price of $345,970 The average sales price decreased $40,648 or11% from the previous month. The average days on the market were 138, a 15 day increase from November 2010. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
0

Lake Norman Homes
In December 2010 95 homes sold in the Lake Norman area, a 30% increase from the 73 homes sold in November 2010. December 2010 sales figures increased 42% from December 2009 when 67 homes sold in the Lake Norman area.

The average sales price decreased 22% from $556,014 in November 2010 to $435,193 in December 2010. The December 2010 average sales price decreased 19% from the December 2009 average sales price which was $540,217.

Average days on the market decreased 15% from 165 days in November 2010 to 141 days on the market in December 2010. December 2009 average days on the market were 180, a 28% decrease in market time.

Currently there are 1092 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,379 square feeet and an average list price of $641,355. The average days on the market are 173. 141 homes are currently under contract, down 1% from November. (more…)

Posted by Lake Norman Homes Realty
Posted in Foreclosure Market, Market Updates
0

Lake Norman Foreclosure Homes
In November 2010 there are 161 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 3% increase from the 156 foreclosure, preforeclosure & short sale properties for sale in October 2010. Prices range from $29,900 for a double-wide to $1,900,000 for a waterfront home in The Point.

Twenty-one foreclosure/short sale homes closed in November 2010. This was an increase of 11% from the 19 foreclosure homes sold in October 2010. The average home was a 3 bedroom with 3,393 square feet and an average sale price of $386,618. The average sales price decreased $6,232 or 2% from the previous month. The average days on the market were 123, a 2 day increase from October 2010. (more…)

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Category Archives: Market Updates

2010 Lake Norman Real Estate Market Update

December 2010 Lake Norman Waterfront Real Estate Market Update

December 2010 Lake Norman Foreclosure Real Estate Market Update

December 2010 Lake Norman Real Estate Market Update

November 2010 Lake Norman Foreclosure Real Estate Market Update

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