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February 2011 Lake Norman Waterfront Real Estate Market Update

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

Lake Norman Waterfront Homes
In February 2011 10 waterfront homes sold in the Lake Norman area, a 38% decrease from the 16 waterfront homes sold in January 2011. February 2011 waterfront sales figures decreased 17% from February 2010 when 12 waterfront homes sold in the Lake Norman area.

The average sales price decreased 31% from $737,968 in January 2011 to $507,250 in February 2011. February 2011 average sales price decreased 24% from the February 2010 average sales price which was $663,466.

Average days on the market decreased from 184 in January 2011 to 186 in February 2011, a 1% increase in market time. February 2010 average days on the market were 167, an 11% increase in market time.

Currently there are 421 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 0% from January. The average list price is $1,032,863, down 2% from January. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

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 February 2011 there were 122 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 2% increase from the 120 foreclosure, preforeclosure & short sale properties for sale in January 2011. Prices range from $27,209 for a double-wide to $1,300,000 for a waterfront home in Mooresville.

Twenty-three foreclosure/short sale homes closed in February 2011. This was an increase of 53% from the 15 foreclosure and preforeclosure homes sold in January 2011. The average home was a 4 bedroom/3 bath with 3,470 square feet and an average sale price of $318,256. The average sales price decreased $74,810 or 19% from the previous month. The average days on the market were 117, an 18 day increase from January 2011. (more…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
0

Lake Norman Homes
In February 2011 46 homes sold in the Lake Norman area, a 15% decrease from the 54 homes sold in January 2011. February 2011 sales figures increased 4.5% from February 2010 when 44 homes sold in the Lake Norman area.

The average sales price decreased 18% from $432,987 in January 2011 to $354,665 in February 2011. The February 2011 average sales price decreased 10% from the February 2010 average sales price which was $394,010.

Average days on the market increased 6% from 139 days in January 2011 to 148 days on the market in February 2011. February 2010 average days on the market were 165, a 10% decrease in market time.

Currently there are 1146 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,364 square feeet and an average list price of $633,987 up 1% from the January average list price of $628,605. The average days on the market are 166. 130 homes are currently under contract, up 2% from January. (more…)

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

Lake Norman Waterfront Homes
In January 2011 16 waterfront homes sold in the Lake Norman area, a 47% decrease from the 30 waterfront homes sold in December 2010. December 2010 waterfront sales figures increased 45% from January 2010 when 11 waterfront homes sold in the Lake Norman area.

The average sales price increased 18% from $627,050 in December 2010 to $737,968 in January 2011. January 2011 average sales price decreased 32% from the January 2010 average sales price which was $1,091,500.

Average days on the market decreased from 180 in December 2010 to 184 in January 2011, a 2% increase in market time. January 2010 average days on the market were 211.

Currently there are 398 Lake Norman waterfront homes listed in the MLS with 41 of those under contract, down 10% from December. The average list price is $1,055,067. The lowest priced Lake Norman waterfront home is listed at $142,500 and the highest priced Lake Norman waterfront home is listed at $9,500,000.

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 January 2011 there were 120 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 3% decrease from the 116 foreclosure, preforeclosure & short sale properties for sale in December 2010. Prices range from $27,209 for a double-wide to $2,445,000 for a waterfront home in Cornelius.

Fifteen foreclosure/short sale homes closed in January 2011. This was an decrease of 46% from the 28 foreclosure homes sold in December 2011. The average home was a 3 bedroom/3 bath with 3,291 square feet and an average sale price of $393,066. The average sales price increased $47,096 or 14% from the previous month. The average days on the market were 99, a 39 day increase from December 2010.

Fourty-six foreclosure and short sale properties are currently under contract, an 12% increase from December 2010. (more…)

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Blog Archives

February 2011 Lake Norman Waterfront Real Estate Market Update

February 2011 Lake Norman Foreclosure Real Estate Market Update

February 2011 Lake Norman Real Estate Market Update

January 2011 Lake Norman Waterfront Real Estate Market Update

January 2011 Lake Norman Foreclosure Real Estate Market Update

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