Lake Norman Foreclosure Real Estate Market Update August 2011

Posted by Lake Norman Homes Realty
Posted in Foreclosure Market, Market Updates
2

Lake Norman Foreclosure Homes
At the end of August 2011 there were 126 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 57.5% increase from the 80 foreclosure, preforeclosure & short sale properties for sale in July 2011. Prices range from $25,000 to $8,000,000 for a waterfront home in Mooresville.

19 foreclosure/short sale homes closed in August 2011. This was a increase of 35.7% from the 14 foreclosure homes sold in July 2011. The average home sold was a 3 bedroom/3 bath with 3,129 square feet and an average sale price of $329,563. The average sales price decreased 23.2% from the previous months average sale price of $429,307. The average days on the market were 135, a 0 day decrease from July 2011.

32 foreclosure and short sale properties are currently under contract, a 33% increase from July 2011. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
4

Lake Norman Homes
In August 2011 106 homes sold in the Lake Norman area, a 21.8% increase from the 87 homes sold in July 2011. August 2011 sales figures increased 27.7% from August 2010 when 83 homes sold in the Lake Norman area.
The average sales price decreased 13.7% from $511,166 in July 2011 to $441,007 in August 2011. The August 2011 average sales price decreased 4.7% from the August 2010 average sales price which was $462,987.
Average days on the market decreased 13.3% from 181 days in July 2011 to 157 days on the market in August 2011. August 2010 average days on the market were 138, a 28.3% increase in market time.
Currently there are 1076 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,327 square feeet and an average list price of $625,872 down 2% from the July average list price of $638,951. The average days on the market are 167. 120 Lake Norman homes are currently under contract, up 21% from July. (more…)

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

Lake Norman Waterfront Homes
In July 2011 28 waterfront homes sold in the Lake Norman area, a 20% decrease from the 35 waterfront homes sold in June 2011. July 2011 waterfront sales figures increased 21.7% from July 2010 when 23 waterfront homes sold in the Lake Norman area.

The average sales price decreased 8.9% from $811,771 in June 2011 to $739,632 in July 2011. July 2011 average sales price increased 9.4% from the June 2010 average sales price which was $676,030.

Average days on the market decreased from 162 in June 2011 to 171 in July 2011, a 5.6% increase in market time. July 2010 average days on the market were 155, a 10% increase in market time.

Currently there are 438 Lake Norman waterfront homes listed in the MLS with 30 of those under contract, down 42% from June. The average list price is $969,575, up 1.8% from June. The lowest priced Lake Norman waterfront home is listed at $160,000 and the highest priced Lake Norman waterfront home is listed at $4,750,000.

Use our free listing service to see the current Lake Norman waterfront homes for sale: Lake Norman waterfront homes for sale (more…)

Posted by Lake Norman Homes Realty
Posted in Foreclosure Market, Market Updates
1

Lake Norman Foreclosure Homes
At the end of July 2011 there were 80 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 23.8% decrease from the 105 foreclosure, preforeclosure & short sale properties for sale in June 2011. Prices range from $25,000 to $1,400,000 for a waterfront home in Mooresville.

14 foreclosure/short sale homes closed in July 2011. This was a decrease of 33% from the 21 foreclosure homes sold in June 2011. The average home sold was a 3 bedroom/3 bath with 3,402 square feet and an average sale price of $429,307. The average sales price increased 24.7% from the previous months average sale price of $344,223. The average days on the market were 135, an 18 day decrease from June 2011.

24 foreclosure and short sale properties are currently under contract, a 20% decrease from June 2011. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
1

Lake Norman Homes
In July 2011 87 homes sold in the Lake Norman area, a 13.9% decrease from the 101 homes sold in June 2011. July 2011 sales figures increased 3.6% from July 2010 when 84 homes sold in the Lake Norman area.
The average sales price increased 8.1% from $472,811 in June 2011 to $511,116 in July 2011. The July 2011 average sales price decreased 5% from the July 2010 average sales price which was $537,866.
Average days on the market increased 16.8% from 155 days in June 2011 to 181 days on the market in July 2011. July 2010 average days on the market were 198, a 8.6% decrease in market time.
Currently there are 1099 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,382 square feeet and an average list price of $638,951 up3.2 2% from the June average list price of $619,256. The average days on the market are 167. 99 Lake Norman homes are currently under contract, down 31.25% from June. (more…)

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Category Archives: Market Updates

Lake Norman Foreclosure Real Estate Market Update August 2011

Lake Norman Real Estate Market Update August 2011

Lake Norman Waterfront Real Estate Market Update July 2011

Lake Norman Foreclosure Real Estate Market Update July 2011

Lake Norman Real Estate Market Update July 2011

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