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January 2011 Lake Norman Foreclosure Real Estate Market Update

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…)

Posted by Lake Norman Homes Realty
Posted in Market Updates
0

Lake Norman Homes
In January 2011 54 homes sold in the Lake Norman area, a 43% decrease from the 95 homes sold in December 2010. January 2011 sales figures decreased 16% from January 2010 when 64 homes sold in the Lake Norman area.

The average sales price decreased .5% from $435,193 in December 2010 to $432,987 in January 2011. The January 2011 average sales price decreased 6% from the January 2010 average sales price which was $460,207.

Average days on the market decreased 16% from 165 days in December 2010 to 139 days on the market in January 2011. January 2010 average days on the market were 196, a 29% decrease in market time.

Currently there are 1122 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,356 square feeet and an average list price of $628,605. The average days on the market are 170. 127 homes are currently under contract, down 10% from December. (more…)

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

Lake Norman Homes
In 2010 248 waterfront homes sold in the Lake Norman area, a 49% increase from the 167 waterfront homes sold in 2009. 2010 sales figures decreased 34% from 2006, the heighth of the sellers market, when 377 waterfront homes sold in the Lake Norman area.

The average sales price decreased 5% from $884,561 in 2009 to $837,943 in 2010. The 2010 average sales price decreased 4.5% from the 2006 average sales price which was $877,931.

Average days on the market increased 104% from 84 days in 2009 to 171 days on the market in 2010. 2006 average days on the market were 60, a 185% increase in market time. (more…)

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
0

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…)

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Blog Archives

January 2011 Lake Norman Foreclosure Real Estate Market Update

January 2011 Lake Norman Real Estate Market Update

2010 Lake Norman Waterfront Real Estate Market Update

2010 Lake Norman Real Estate Market Update

December 2010 Lake Norman Waterfront Real Estate Market Update

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