Tag Archive: lake norman lot

Lake Norman Real Estate Market Update October 2011

Lake Norman Homes
In October 2011 87 homes sold in the Lake Norman area, a 8.75% increase from the 80 homes sold in September 2011. October 2011 sales figures increased 36% from October 2010 when 64 homes sold in the Lake Norman area.
The average sales price decreased 11.4% from $520,975 in September 2011 to $461,808 in October 2011. The October 2011 average sales price decreased 10.7% from the October 2010 average sales price which was $516,921.
Average days on the market increased 10.1% from 168 days in September 2011 to 185 days on the market in Octobert 2011. October 2010 average days on the market were 157, an 18.3% increase in market time.
Currently there are 965 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,341 square feeet and an average list price of $622,205 up 1.5% from the August average list price of $612,961. The average days on the market are 177. 115 Lake Norman homes are currently under contract, down 36% from September! (more…)

Lake Norman Waterfront Real Estate Market Update September 2011

Lake Norman Waterfront Homes
In September 2011 31 waterfront homes sold in the Lake Norman area, a 55% increase from the 20 waterfront homes sold in August 2011. September 2011 waterfront sales figures increased 55% from September 2010 when 20 waterfront homes sold in the Lake Norman area.

The average sales price increased 5.1% from $821,375 in August 2011 to $862,873 in September 2011. September 2011 average sales price increased 51.1% from the September 2010 average sales price which was $571,108.

Average days on the market decreased from 207 in August 2011 to 147 in September 2011, a 29% decrease in market time. September 2010 average days on the market were 164, a 10.4% decrease in market time.

Currently there are 389 Lake Norman waterfront homes listed in the MLS with 29 of those under contract, down 12% from August. The average list price is $992,739, up 2.3% from August. The lowest priced Lake Norman waterfront home is listed at $160,000 and the highest priced Lake Norman waterfront home is listed at $8,00,000.

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

Lake Norman Foreclosure Real Estate Market Update September 2011

Lake Norman Foreclosure Homes
At the end of September 2011 there were 115 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, an 8.7% decrease from the 126 foreclosure, preforeclosure & short sale properties for sale in August 2011. Prices range from $41,800 to $8,000,000 for a waterfront home in Mooresville.

9 foreclosure/short sale homes closed in September 2011. This was a decrease of 52.6% from the 19 foreclosure homes sold in August 2011. The average home sold was a 3 bedroom/2 bath with 2,816 square feet and an average sale price of $241,421. The average sales price decreased 26.7% from the previous months average sale price of $329,563. The average days on the market were 185, a 50 day increase from August 2011.

34 foreclosure and short sale properties are currently under contract, a 6.25% increase from August 2011.

Lake Norman Foreclosure Condos & Townhomes
At the end of September 2011 there were 14 foreclosure, preforeclosure & short-sale Lake Norman area condo/townhome properties listed, a 27.3% increase from the 11 foreclosure, preforeclosure & short-sale properties listed for sale in August 2011. Prices range from $95,000 to $295,000. The average unit is a 2 bed/2 bath with 1,222 square feet and an average list price of $155,178, down 14.9% from the August’s average list price of $182,445.

Two foreclosure, preforeclosure or short-sale condos/townhomes sold in September 2011. This was an decrease of 50% from the four foreclosure, preforeclosure or short-sale condos sold in August 2011. The average sales price in September was $98,750, up 19.7 from the August average sales price of $123,000. Three foreclosure/preforeclosure units are currently under contract, down 25% from August .

If you would like to be added to the foreclosure properties email notification list and the Lake Norman area “Best Buy” list please visit our Lake Norman foreclosure website LakeNormanForeclosure.com.

If you need help stopping foreclosure on your Lake Norman property please give us a call at 866-LakeNorman.

Lake Norman Real Estate Market Update September 2011

Lake Norman Homes
In September 2011 80 homes sold in the Lake Norman area, a 24.5% decrease from the 106 homes sold in August 2011. September 2011 sales figures increased 11.1% from September 2010 when 72 homes sold in the Lake Norman area.

The average sales price increased 18.1% from $441,007 in August 2011 to $520,975 in September 2011. The September 2011 average sales price increased 28.4% from the September 2010 average sales price which was $405,884.

Average days on the market increased 7% from 157 days in August 2011 to 168 days on the market in September 2011. September 2010 average days on the market were 154, a 9% increase in market time.

Currently there are 1160 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,340 square feeet and an average list price of $612,961 down 2.1% from the August average list price of $625,872. The average days on the market are 163. 180 Lake Norman homes are currently under contract, up 50% from August! (more…)

Lake Norman Real Estate Market Update July 2011

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…)