Foreclosure Market

Posts: 15

Lake Norman foreclosure real estate market updates.

Lake Norman Foreclosure Real Estate Market Update January 2012

Lake Norman Foreclosure Homes
At the end of January 2012 there were 65 foreclosure, preforeclosure & short-sale properties listed in the Lake Norman area, a 7.5% decrease from the 75 foreclosure, preforeclosure & short sale properties for sale in December 2011. Prices range from $75,000 to $5,900,000 for a waterfront home in Mooresville.

15 foreclosure/short sale homes closed in January 2012. This was an decrease of 37.5% from the 24 foreclosure and preforeclosure homes sold in December 2011. The average home sold was a 3 bedroom/2 bath with 2,338 square feet and an average sale price of $227,726. The average sales price decreased 37.5% from the previous months average sale price of $364,454. The average days on the market were 112, a 67 day decrease from December 2011.

20 foreclosure and short sale properties are currently under contract, a 4.8% decrease from December 2011. Read this post

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