Lake Norman Waterfront Real Estate Market Update June 2011

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

Lake Norman Waterfront Homes
In June 2011 35 waterfront homes sold in the Lake Norman area, a 59% increase from the 22 waterfront homes sold in May 2011. June 2011 waterfront sales figures decreased 2.8% from June 2010 when 36 waterfront homes sold in the Lake Norman area.

The average sales price decreased 18% from $988,863 in May 2011 to $811,771 in June 2011. June 2011 average sales price decreased 24% from the June 2010 average sales price which was $1,073,498.

Average days on the market decreased from 178 in May 2011 to 162 in June 2011, a 9% decrease in market time. June 2010 average days on the market were 156, a 4% increase in market time.

Currently there are 478 Lake Norman waterfront homes listed in the MLS with 52 of those under contract, up 27% from May. The average list price is $952,264, down 3% from May. 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
0

Lake Norman Foreclosure Homes
At the end of June 2011 there were 105 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 17% increase from the 90 foreclosure, preforeclosure & short sale properties for sale in May 2011. Prices range from $24,900 to $1,400,000 for a waterfront home in Mooresville.

21 foreclosure/short sale homes closed in June 2011. This was an increase of 31% from the 16 foreclosure homes sold in May 2011. The average home sold was a 3 bedroom/3 bath with 3,035 square feet and an average sale price of $344,223. The average sales price increased 3% from the previous months average sale price of $334,087. The average days on the market were 153, an 27 day increase from May 2011.

Thirty foreclosure and short sale properties are currently under contract, a 6% decrease from May 2011. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
1

Lake Norman Homes
In June 2011 101 homes sold in the Lake Norman area, a 63% increase from the 62 homes sold in May 2011. June 2011 sales figures decreased 12% from June 2010 when 115 homes sold in the Lake Norman area.

The average sales price decreased 17% from $566,841 in May 2011 to $472,811 in June 2011. The June 2011 average sales price decreased 16% from the June 2010 average sales price which was $564,421.

Average days on the market decreased 2% from 158 days in May 2011 to 155 days on the market in June 2011. June 2010 average days on the market were 141, a 10% increase in market time.

Currently there are 1270 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,326 square feeet and an average list price of $619,256 down 2% from the May average list price of $631,409. The average days on the market are 156. 144 Lake Norman homes are currently under contract, up 24% from May. (more…)

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

Lake Norman Waterfront Homes
In May 2011 22 waterfront homes sold in the Lake Norman area, a 8% decrease from the 24 waterfront homes sold in April 2011. May 2011 waterfront sales figures decreased 8% from May 2010 when 24 waterfront homes sold in the Lake Norman area.

The average sales price increased 28% from $774,829 in April 2011 to $988,863 in May 2011. May 2011 average sales price increased 21% from the May 2010 average sales price which was $820,079.

Average days on the market decreased from 209 in April 2011 to 178 in May 2011, a 15% decrease in market time. May 2010 average days on the market were 160, a 11% increase in market time.

Currently there are 450 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 5% from April. The average list price is $984,495, down 3% from April. The lowest priced Lake Norman waterfront home is listed at $169,900 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
6

Lake Norman Foreclosure Homes
At the end of May 2011 there were 90 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 13% decrease from the 103 foreclosure, preforeclosure & short sale properties for sale in April 2011. Prices range from $75,000 to $1,499,000 for a waterfront home in Mooresville.

Sixteen foreclosure/short sale homes closed in May 2011. This was an decrease of 24% from the 21 foreclosure homes sold in April 2011. The average home sold was a 3 bedroom/3 bath with 3,313 square feet and an average sale price of $334,087. The average sales price decreased $2,103 or .6% from the previous month. The average days on the market were 126, an 86 day decrease from May 2011.

Thirty-two foreclosure and short sale properties are currently under contract, a 0% decrease from April 2011. (more…)

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Category Archives: Market Updates

Lake Norman Waterfront Real Estate Market Update June 2011

Lake Norman Foreclosure Real Estate Market Update June 2011

Lake Norman Real Estate Market Update June 2011

Lake Norman Waterfront Real Estate Market Update May 2011

Lake Norman Foreclosure Real Estate Market Update May 2011

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