December 2010 Lake Norman Real Estate Market Update

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 Financing
2

NEW YORK (TheStreet) — Mortgage rates continued to sail higher for the fifth consecutive week, according to Freddie Mac, with the most popular mortgages inching further toward 5%.

Traditional 30-year fixed mortgages cost 4.83% on average, for the week ended on Thursday, with a discount of 0.7 point. Though still below year-ago levels, those rates jumped significantly from the previous week’s 4.61% rate and the 4.17% low hit in early November; 30-year fixed rates haven’t been this high in seven months.

Mortgage Rates by RateZip.com

(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…)

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

Lake Norman Waterfront Homes
In November 2010 26 waterfront homes sold in the Lake Norman area, a 44% increase from the 18 waterfront homes sold in October 2010. November 2010 waterfront sales figures increased 136% from November 2009 when 11 waterfront homes sold in the Lake Norman area.

The average sales price increased 6% from $932,250 in October 2010 to $988,961 in November 2010. November 2010 average sales price increased 25% from the November 2009 average sales price which was $788,772.

Average days on the market increased from 173 in October 2010 to 198 in November 2010, a 14% increase in market time. November 2009 average days on the market were 110. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
0

Lake Norman Homes
In November 2010 73 homes sold in the Lake Norman area, a 12% increase from the 65 homes sold in October 2010. November 2010 sales figures increased 24% from November 2009 when 59 homes sold in the Lake Norman area.

The average sales price increased 9% from $512,183 in October 2010 to $556,014 in November 2010. The November 2010 average sales price increased 44% from the November 2009 average sales price which was $385,109. (more…)

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December 2010 Lake Norman Real Estate Market Update

Interest rates continue to climb!

November 2010 Lake Norman Foreclosure Real Estate Market Update

November 2010 Lake Norman Waterfront Real Estate Market Update

November 2010 Lake Norman Real Estate Market Update

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