Interest Rates Continue To Rise!

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

November 2010 Lake Norman Real Estate Market Update

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.

Average days on the market increased 16% from 142 days in October 2010 to 165 days on the market in November 2010. November 2009 average days on the market were 72, a 129% increase in market time.

Currently there are 1226 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath home with 3,376 square feeet and an average list price of $638,115. The average days on the market are 169. 142 homes are currently under contract, down 12% from October.

Lake Norman Condos & Townhomes
In November 2010 6 condos sold in the Lake Norman area, a 33% decrease from the 9 condos sold in October 2010. November 2010 sales figures decreased 68% from November 2009 when 19 condos sold.

The average sales price increased 10% from $207,555 in October 2010 to $228,166 in November 2010. November 2010 average sales price decreased 1.5% from the November 2009 average sales price which was $231,671.

Average days on the market decreased 0% from 114 in October to 114 in November. November 2009 average days on the market were 76.

Currently there are 198 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,416 square feeet and an average list price of $221,802. The average days on the market are 163. 19 Lake Norman condos/townhomes are currently under contract, a 27% increase from October.

Lake Norman Lots
In November 2010 8 lots sold in the Lake Norman area, a 43% decrease from the 14 lots sold in October 2010. November 2010 sales figures increased 0% from November 2009 when 8 lots sold.

The average sales price increased 19% from $133,104 in October 2010 to $158,490 in November 2010. November 2010 average sales price increased 17% from the November 2009 average sales price which was $135,441.

Average days on the market increased from 228 in October 2010 to 345 in November 2010. November 2009 average days on the market were 100, a 245% increase in market time vesus the same time period last year.

Currently there are 1476 lots for sale in the Lake Norman MLS area. The average list price is $176,140. The average days on the market are 352. 29 Lake Norman area lots are currently under contract, a 12% increase from October.

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Real Estate Listings

Contact us at 866-LakeNorman for all of your Lake Norman real estate needs!

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

October 2010 Lake Norman Real Estate Market Update

Lake Norman Homes

In October 2010 65 homes sold in the Lake Norman area, an 11% decrease from the 73 homes sold in September 2010. October 2010 sales figures decreased 27% from October 2009 when 89 homes sold in the Lake Norman area.

The average sales price increased 27% from $403,913 in September 2010 to $512,183 in October 2010. The October 2010 average sales price increased 5% from the October 2009 average sales price which was $487,222.

Average days on the market increased 3% from 138 days in September 2010 to 142 days on the market in October 2010. October 2009 average days on the market were 77, a 84% increase in market time.

Currently there are 1275 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath home with 3,385 square feeet and an average list price of $647,038. The average days on the market are 164. 162 homes are currently under contract.

Lake Norman Condos & Townhomes
In October 2010 9 condos sold in the Lake Norman area, an 47% decrease from the 17 condos sold in September 2010. October 2010 sales figures decreased 47% from October 2009 when 17 condos sold.

The average sales price increased 13% from $183,331 in September 2010 to $207,555 in October 2010. October 2010 average sales price increased 14% from the October 2009 average sales price which was $181,664.

Average days on the market decreased 10% from 126 in September to 114 in October. October 2009 average days on the market were 68.

Currently there are 192 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,398 square feeet and an average list price of $223,378. The average days on the market are 164. 15 Lake Norman condos/townhomes are currently under contract.

Lake Norman Lots
In October 2010 14 lots sold in the Lake Norman area, a 250% increase from the 4 lots sold in September 2010. October 2010 sales figures increased 17% from October 2009 when 12 lots sold.

The average sales price increased 205% from $43,612 in September 2010 to $133,104 in October 2010. October 2010 average sales price decreased 24% from the October 2009 average sales price which was $174,291.

Average days on the market increased from 226 in September 2010 to 228 in October 2010. October 2009 average days on the market were 102, a 124% increase in market time vesus the same time period last year.

Currently there are 1428 lots for sale in the Lake Norman MLS area. The average list price is $177,563. The average days on the market are 362. 26 lots are currently under contract.

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

Contact us at 866-LakeNorman for all of your Lake Norman real estate needs!

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

August 2010 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
In August 2010 there are 172 foreclosure & short-sale properties listed in the Lake Norman area, a 22% increase from the 141 foreclosure & short sale properties listed in July 2010. Prices range from $77,500 for a double-wide to $2,190,000 for a waterfront home in The Point.


Twenty-eight foreclosure/short sale homes closed in August 2010. This was a increase of 4% from the 27 foreclosure homes sold in July 2010. The average home was a 3 bedroom with 3,044 square feet and an average sale price of $303,189. The average sales price decreased $99,093 or 24% from the previous month. The average days on the market were 108.


Forty foreclosure and short sale properties are currently under contract. Prices range from $90,200 to $1,425,000.


Lake Norman Foreclosure Condos & Townhomes
In August 2010 there are 11 foreclosure/short-sale Lake Norman area condo/townhome properties listed, a 0% increase from the 11 foreclosure properties listed in July 2010. Foreclosure prices range from $99,900 to $449,900 for a waterfront condo.


Four condos/townhomes closed in August 2010. The average unit was a 3 bedroom with 1,625 square feet and a sale price of $218,715. This was an increase of 400% from the 1 foreclosure condo sold in July 2010. The average sales price increased $109,865 or 101%. The average days on the market were 246.


If you would like to be added to the foreclosure properties notification list and the Lake Norman area "Best Buy" list please contact us.


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


The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/
866-LakeNorman

August 2010 Lake Norman Real Estate Market Update

Lake Norman HomesIn August 2010 83 homes sold in the Lake Norman area, a 2% increase over the 81 homes sold in July 2010. August 2010 sales figures increased 5% over August 2009 when 79 homes sold in the Lake Norman area.


The average sales price decreased 1% from $468,367 in July 2010 to $462,986 in August 2010. The August 2010 average sales price decreased .3% from the August 2009 average sales price which was $464,162.


Average days on the market decreased 44% from 177 in July 2010 to 98 days on the market in August 2010. August 2009 average days on the market were 166, a 41% decrease in market time.


Currently there are 1372 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath home with 3,364 square feeet and an average list price of $648,964. The average days on the market are 147. 126 homes are currently under contract.


Lake Norman Condos & Townhomes
In August 2010 13 condos sold in the Lake Norman area, an 8% increase from the 12 condos sold in July 2010. August 2010 sales figures decreased 19% from August 2009 when 16 condos sold.


The average sales price decreased 4.5% from $210,945 in July 2010 to $201,492 in August 2010. August 2010 average sales price decreased 10% from the August 2009 average sales price which was $224,204.


Average days on the market decreased 21% from 208 in July to 165 in August. August 2009 average days on the market were 123.


Currently there are 211 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,375 square feeet and an average list price of $227,647. The average days on the market are 129. 17 Lake Norman condos/townhomes are currently under contract.


Lake Norman Lots
In August 2010 4 lots sold in the Lake Norman area, a 75% decrease from the 16 lots sold in July 2010. August 2010 sales figures decreased 64% from August 2009 when 11 lots sold.


The average sales price decreased 71% from $135,887 in July 2010 to $39,040 in August 2010. August 2010 average sales price decreased 71% from the August 2009 average sales price which was $136,409.


Average days on the market increased from 170 in July 2010 to 297 in August 2010. August 2009 average days on the market were 329, a 10% decrease in market time vesus the same time period last year.


Currently there are 1380 lots for sale in the Lake Norman MLS area. The average list price is $185,932. The average days on the market are 416. 24 lots are currently under contract.


If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings


Contact us at 866-LakeNorman for all of your Lake Norman real estate needs!

The Lake Norman Homes Team Realtors®/Brokers Keller Williams Realty http://lakenormanhomes.com/

July 2010 Lake Norman Real Estate Market Update

Lake Norman Homes
In July 2010 81 homes sold in the Lake Norman area, a 30% decrease over the 116 homes sold in June 2010. July 2010 sales figures decreased 5% over July 2009 when 85 homes sold in the Lake Norman area.


The average sales price decreased 17% from $562,616 in June 2010 to $468,367 in July 2010. July 2010 average sales price decreased 12% over the July 2009 average sales price which was $535,161.


Average days on the market increased from 153 in June 2010 to 177 in July 2010. July 2009 average days on the market were 128, a 38% increase in market time.


Currently there are 1442 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath home with 3,311 square feeet and an average list price of $641,849. The average days on the market are 147. 128 homes are currently under contract.


Lake Norman Condos & Townhomes
In July 2010 12 condos sold in the Lake Norman area, a 25% decrease from the 16 condos sold in June 2010. July 2010 sales figures decreased 37% over July 2009 when 19 condos sold.

The average sales price decreased 6% from $224,471 in June 2010 to $210,945 in July 2010. July 2010 average sales price decreased 2% from the July 2009 average sales price which was $215,562.

Average days on the market increased from 187 in June to 208 in July. June 2009 average days on the market were 93.

Currently there are 222 condo/townhomes for sale in the Lake Norman MLS area. The average home is a 2 bed/2 bath home with 1,387 square feeet and an average list price of $232,141. The average days on the market are 137. 19 condos/townhomes are currently under contract.


Lake Norman Lots
In July 2010 16 lots sold in the Lake Norman area, a 320% increase from the 5 lots sold in June 2010. July 2010 sales figures increased 77% over July 2009 when 9 lots sold.


The average sales price decreased 24% from $177,970 in June 2010 to $135,887 in July 2010. July 2010 average sales price decreased 39% from the July 2009 average sales price which was $221,426.


Average days on the market decreased from 353 in June 2010 to 170 in July 2010. July 2009 average days on the market were 193, a 12% decrease in market time vesus the same time period last year.


Currently there are 1431 lots for sale in the Lake Norman MLS area. The average list price is $189,236. The average days on the market are 408. 19 lots are currently under contract.


If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings


To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro


The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://www.lakenormanhomes.com/
866-LakeNorman

July 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In July 2010 23 waterfront homes sold in the Lake Norman area, a 36% decrease over the 36 waterfront homes sold in June 2010. July 2010 sales figures increased 10% over July 2009 when 21 waterfront homes sold in the Lake Norman area.


The average sales price decreased 37% from $1,073,498 in June 2010 to $676,030 in July 2010. July 2010 average sales price decreased 45% over the July 2009 average sales price which was $1,219,478.


Average days on the market increased from 164 in June 2010 to 187 in July 2010, a 14% increase in market time. July 2009 average days on the market were 134.


Currently there are 524 waterfront homes listed in the MLS. The average list price is $1,046,849. The lowest priced waterfront home is listed at $93,500 and the highest priced 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


Lake Norman Waterfront Condos & Townhomes
In July 2010 6 waterfront condos sold in the Lake Norman area, a 14% decrease from the 7 waterfront condos sold in June 2010. July 2010 sales figures decreased 33% from July 2009 when 9 waterfront condos sold.


The average sales price decreased 16% from $301,892 in June 2010 to $254,500 in July 2010. June 2010 average sales price decreased 2% from the July 2009 average sales price which was $259,444.


Average days on the market increased from 144 in June 2010 to 286 in July 2010. July 2009 average days on the market were 114.


Currently there are 79 waterfront condos listed in the MLS. The average list price is $294,358. The lowest priced waterfront condo is listed at $129,900 and the highest priced waterfront condo is listed at $969,000.


Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In July 2010 5 waterfront lots sold in the Lake Norman area, a 0% increase over the 5 waterfront lots sold in June 2010. July 2010 sales figures increased 25% from July 2009 when 4 waterfront lots sold.

The average sales price increased 91% from $177,970 in June 2010 to $339,000 in July 2010. July 2010 average sales price decreased 13% from the July 2009 average sales price which was $390,085.


Average days on the market decreased from 353 in June 2010 to 66 in July 2010. July 2009 average days on the market were 207, a 68% decrease in market time vesus the same time period last year.

Currently there are 330 waterfront lots listed in the MLS. The average list price is $440,503. The lowest priced waterfront lot is listed at $39,900 and the highest priced waterfront lot is listed at $3,200,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings


To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro


The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://www.lakenormanhomes.com/
866-LakeNorman

July 2010 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
In July 2010 there are 141 foreclosure & short-sale properties listed in the Lake Norman area, a 4% increase from the 135 foreclosure & short sale properties listed in June 2010. Prices range from $33,900 for a double-wide to $2,190,000 for a waterfront home in The Point.

Twenty-seven foreclosure/short sale homes closed in July 2010. This was a increase of 13% from the 24 foreclosure homes sold in June 2010. The average home was a 4 bedroom with 3,008 square feet and an average sale price of $402,282. The average sales price decreased $118,368 or 23%. The average days on the market were 170.

Thirty-nine foreclosure properties are currently under contract. Prices range from $33,900 to $1,250,000.


You can search the current Lake Norman foreclosure listings by clicking here.


Lake Norman Foreclosure Condos & Townhomes
In July 2010 there are 11 foreclosure/short-sale condo/townhome properties listed in the Lake Norman area, a 22% increase from the 9 foreclosure properties listed in June 2010. Foreclosure prices range from $99,900 to $369,500 for a waterfront condo in Commodores Landing.


One foreclosure condos/townhomes closed in July 2010. The one sold unit was a 2 bedroom with 1,150 square feet with a sale price of $108,850. This was an decrease of 66% from the 3 foreclosure condos sold in June 2010. The average sales price decreased $483 or .4%. The average days on the market were 123.


You can search the current Lake Norman foreclosure listings by clicking here.

If you would like to search for Lake Norman foreclosure properties for sale please visit our website: Search Lake Norman Foreclosure Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro
If you need help stopping foreclosure on your Lake Norman property please give us a call at 866-LakeNorman


The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://www.lakenormanhomes.com/
866-LakeNorman

June 2010 Lake Norman Real Estate Market Update

Lake Norman Homes
In June 2010 116 homes sold in the Lake Norman area, a 15% increase over the 101 homes sold in May 2010. June 2010 sales figures increased 37% over June 2009 when 85 homes sold in the Lake Norman area.

The average sales price increased 28% from $438,702 in May 2010 to $562,616 in June 2010. June 2010 average sales price increased 12% over the June 2009 average sales price which was $502,585.

Average days on the market increased from 123 in May 2010 to 153 in June 2010. June 2009 average days on the market were 156, a 2% decrease in market time.

Lake Norman Condos & Townhomes
In June 2010 16 condos sold in the Lake Norman area, a 45% increase from the 11 condos sold in May 2010. June 2010 sales figures increased 23% over June 2009 when 13 condos sold.

The average sales price increased 19% from $188,354 in May 2010 to $224,471 in June 2010. June 2010 average sales price increased 19% from the June 2009 average sales price which was $188,615.

Average days on the market increased from 73 in May to 187 in June, 3 units on the market for over one year helped to skew this figure. June 2009 average days on the market were 134.

Lake Norman Lots
In June 2010 5 lots sold in the Lake Norman area, a 64% decrease from the 14 lots sold in May 2010. June 2010 sales figures decreased 100% over June 2009 when 10 lots sold.

The average sales price increased 25% from $142,642 in May 2010 to $177,970 in June 2010. June 2010 average sales price decreased 31% from the June 2009 average sales price which was $256,587.

Average days on the market increased from 135 in May 2010 to 353 in June 2010, one listing was on the market for 914 days. June 2009 average days on the market were 122, a 189% increase in market time vesus the same time period last year.

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

June 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In June 2010 36 waterfront homes sold in the Lake Norman area, a 50% increase over the 24 waterfront homes sold in May 2010. June 2010 sales figures increased 80% over June 2009 when 20 waterfront homes sold in the Lake Norman area.

The average sales price increased 31% from $820,079 in May 2010 to $1,073,498 in June 2010. June 2010 average sales price increased 26% over the June 2009 average sales price which was $849,157.

Average days on the market increased from 150 in May 2010 to 164 in June 2010, a 9% increase in market time. June 2009 average days on the market were 140.

Currently there are 558 waterfront homes listed in the MLS. The average list price is $1,073,542. The lowest priced waterfront home is listed at $93,500 and the highest priced 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

Lake Norman Waterfront Condos & Townhomes
In June 2010 7 waterfront condos sold in the Lake Norman area, a 75% increase from the 4 waterfront condos sold in May 2010. June 2010 sales figures increased 0% over June 2009 when 7 waterfront condos sold.

The average sales price increased 20% from $252,125 in May 2010 to $301,892 in June 2010. June 2010 average sales price increased 30% from the June 2009 average sales price which was $232,428.

Average days on the market increased from 83 in May 2010 to 144 in June 2010. June 2009 average days on the market were 164.

Currently there are 101 waterfront condos listed in the MLS. The average list price is $299,503. The lowest priced waterfront condo is listed at $129,900 and the highest priced waterfront condo is listed at $969,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale

Lake Norman Waterfront Lots
In June 2010 5 waterfront lots sold in the Lake Norman area, a 25% increase over the 4 waterfront lots sold in May 2010. June 2010 sales figures decreased 50% from June 2009 when 10 waterfront lots sold.

The average sales price decreased 44% from $318,750 in May 2010 to $177,970 in June 2010. June 2010 average sales price decreased 31% from the June 2009 average sales price which was $256,587.

Average days on the market increased from 114 in May 2010 to 353 in June 2010 with one listing on the market over 900 days. June 2009 average days on the market were 122, a 31% increase in market time vesus the same time period last year.

Currently there are 353 waterfront lots listed in the MLS. The average list price is $464,230. The lowest priced waterfront lot is listed at $40,000 and the highest priced waterfront lot is listed at $6,500,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

The Lake Norman Homes
Team Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

June 2010 Lake Norman Foreclosure Real Estate Market Update

Lake Norman Foreclosure Homes
In June 2010 there are 135 foreclosure & short-sale properties listed in the Lake Norman area, a 155% increase from the 53 foreclosure & short sale properties listed in May 2010. Prices range from $39,900 for a double-wide to $2,190,000 for a waterfront home in The Point.

Twenty-four foreclosure/short sale homes closed in June 2010. The average home was a 4 bedroom with 3,655 square feet and an average sale price of $520,650. This was a decrease of 8% from the 26 foreclosure homes sold in May 2010. The average sales price increased $164,103 or 46%. The average days on the market were 120.

Thirty-seven foreclosure properties are currently under contract. Prices range from $79,900 to $1,250,000.

You can view the current Lake Norman foreclosure listings by clicking here.

Lake Norman Foreclosure Condos & Townhomes
In June 2010 there are 9 foreclosure/short-sale condo/townhome properties listed in the Lake Norman area, a 50% increase from the 6 foreclosure properties listed in April 2010. Foreclosure prices range from $100,000 to $369,500 for a waterfront condo in Commodores Landing.

Three foreclosure condos/townhomes closed in June 2010. The average was a 2 bedroom with 1,164 square feet and an average sale price of $109,333. This was an increase of 0% from the 3 foreclosure condos sold in May 2010. The average sales price decreased $27,800 or 20%. The average days on the market were 238.


You can view the current Lake Norman foreclosure listings by clicking here.

If you would like to search for Lake Norman foreclosure properties for sale please visit our website: Search Lake Norman Foreclosure Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

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

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

May 2010 Lake Norman Waterfront Real Estate Market Update

Lake Norman Waterfront Homes
In May 2010 24 waterfront homes sold in the Lake Norman area, a 41% increase over the 17 waterfront homes sold in April 2010. May 2010 sales figures increased 119% over May 2009 when 11 waterfront homes sold in the Lake Norman area.

The average sales price decreased 4% from $852,229 in April 2010 to $820,079 in May 2010. May 2010 average sales price increased 19% over the May 2009 average sales price which was $690,770.

Average days on the market increased from 140 in April 2010 to 150 in May 2010. May 2009 average days on the market were 135, an 11% increase in market time.

Currently there are 604 waterfront homes listed in the MLS. The average list price is $1,064,413. The lowest priced waterfront home is listed at $85,000 and the highest priced 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

Lake Norman Waterfront Condos & Townhomes
In May 2010 4 waterfront condos sold in the Lake Norman area, a 0% increase from the 4 waterfront condos sold in April 2010. May 2010 sales figures increased 0% over May 2009 when 4 waterfront condos sold.

The average sales price decreased 1% from $254,750 in April 2010 to $252,125 in May 2010. May 2010 average sales price increased 23% from the May 2009 average sales price which was $205,475.


Average days on the market decreased from 86 in April to 83 in May. May 2009 average days on the market were 51.

Currently there are 105 waterfront condos listed in the MLS. The average list price is $300,870. The lowest priced waterfront condo is listed at $130,000 and the highest priced waterfront condo is listed at $969,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale: Lake Norman waterfront condos for sale


Lake Norman Waterfront Lots
In May 2010 4 waterfront lots sold in the Lake Norman area, a 100% increase over the 2 waterfront lots sold in April 2010. May 2010 sales figures increased 33% over May 2009 when only 3 waterfront lots sold.

The average sales price increased 96% from $163,081 in April 2010 to $318,750 in May 2010. May 2010 average sales price decreased 37% from the May 2009 average sales price which was $505,000.


Average days on the market decreased from 152 in April 2010 to 114 in May 2010. May 2009 average days on the market were 165, a 31% decrease in market time vesus the same time period last year.

Currently there are 360 waterfront lots listed in the MLS. The average list price is $463,807. The lowest priced waterfront lot is listed at $44,9000 and the highest priced waterfront lot is listed at $6,500,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale: Lake Norman waterfront lots for sale


If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings


To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

20 Low Cost Ways To Spruce Up Your Home and Help It Sell Faster

Make your home more appealing for potential buyers with these quick and easy tips.

1. Trim bushes so they don’t block windows and cut down on light.
2. Buy a new doormat.
3. Put a pot of bright flowers (or a small evergreen in winter) on your porch.
4. Put new doorknobs on your doors.
5. Put a fresh coating on your driveway.
6. Edge the grass around walks and trees.
7. Keep your garden tools out of site.
8. Be sure your kids put away their toys.
9. Buy a new mailbox.
10. Upgrade the outside lighting.
11. Use warm, incandescent light bulbs for a homey feel.
12. Polish or replace your house numbers.
13. Clean your gutters.
14. Put out potpourri or burn scented candles.
15. Buy new pillows for the sofa.
16. Buy a flowering plant and put it in a window you pass by frequently.
17. Make a centerpiece for your table with fruit or artificial flowers.
18. Replace heavy curtains with sheer ones that let in more light.
19. Buy new kitchen and bath towels.
20. Put a seasonal wreath on your door.

 
The Lake Norman Homes Team

Realtors®/Brokers

Keller Williams Realty

http://lakenormanhomes.com/

May 2010 Lake Norman Foreclosure Property Update

Lake Norman Foreclosure Homes
In May 2010 there are 53 foreclosure properties listed in the Lake Norman area, a 211% increase from the 17 foreclosure properties listed in April 2010. Foreclosure prices range from $84,600 for a double-wide to $1,250,000 for a golf course home in The Point.

Twenty-six foreclosure homes closed in May 2010. The average home was a 4 bedroom with 3,545 square feet and an average sale price of $356,547. This was an increase of 37% from the 19 foreclosure homes sold in April 2010. The average sales price increased $58,174 or 19%. The average days on the market was only 70!

Sixteen foreclosure properties are currently under contract. Prices range from $79,900 to $1,350,000.

You can view the current Lake Norman foreclosure listings by clicking here.

Lake Norman Foreclosure Condos & Townhomes
In May 2010 there are 6 foreclosure condo/townhome properties listed in the Lake Norman area, a 200% increase from the 2 foreclosure properties listed in April 2010. Foreclosure prices range from $123,500 to $180,900 for a waterfront condo in Davidson Landing.

Three foreclosure condos/townhomes closed in May 2010. The average was a 2 bedroom with 1,256 square feet and an average sale price of $137,133. This was an increase of 50% from the 2 foreclosure condos sold in April 2010. The average sales price increased $8,183 or 6%. The average days on the market was 98!

You can view the current Lake Norman foreclosure listings by clicking here.

If you would like to search for Lake Norman foreclosure properties for sale please visit our website: Search Lake Norman Foreclosure Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

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

May 2010 Lake Norman Real Estate Market Update

Lake Norman Homes
In May 2010 101 homes sold in the Lake Norman area, a 38% increase over the 73 homes sold in April 2010. May 2010 sales figures increased 51% over May 2009 when 67 homes sold in the Lake Norman area.

The average sales price decreased 6% from $467,746 in April 2010 to $438,702 in May 2010. May 2010 average sales price increased 8% over the May 2009 average sales price which was $406,572.

Average days on the market decreased from 154 in April 2010 to 123 in May 2010. May 2009 average days on the market were 138, an 11% decrease in market time.

Lake Norman Condos & Townhomes
In May 2010 11 condos sold in the Lake Norman area, a 21% decrease from the 14 condos sold in April 2010. May 2010 sales figures increased 38% over May 2009 when only 8 condos sold.

The average sales price increased 5% from $179,278 in April 2010 to $188,354 in May 2010. May 2010 average sales price decreased 5.5% from the May 2009 average sales price which was $199,225. Two foreclosure sales and one short sale in May 2010 helped bring the average sales price down.

Average days on the market decreased from 94 in April to 73 in May. May 2009 average days on the market were 85.

Lake Norman Lots
In May 2010 14 lots sold in the Lake Norman area, a 0% increase over the 14 lots sold in April 2010. May 2010 sales figures increased 280% over May 2009 when only 5 lots sold.

The average sales price increased 81% from $78,887 in April 2010 to $142,642 in May 2010. May 2010 average sales price decreased 61% from the May 2009 average sales price which was $369,700.

Average days on the market decreased from 350 in April 2010 to 135 in May 2010. May 2009 average days on the market were 358, a 62% decrease in market time vesus the same time period last year.
If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

April 2010 Lake Norman real estate market update

Lake Norman Homes
In April 2010 73 homes sold in the Lake Norman area, a 6% increase over the 69 homes sold in March 2010. March 2010 sales figures increased 18% over April 2009 when 62 homes sold in the Lake Norman area.

The average sales price decreased 1.1% from $467,746 in March 2010 to $462,492 in April 2010. April 2010 average sales price increased 17% over the April 2009 average sales price which was $395,325.

Average days on the market increased from 153 in March 2010 to 154 in April 2010. April 2009 average days on the market were 147, a 5% increase in market time.

Lake Norman Condos & Townhomes
In April 2010 14 condos sold in the Lake Norman area, a 30% decrease over the 20 condos sold in March 2010. April 2010 sales figures increased 40% over April 2009 when only 10 condos sold.

The average sales price decreased 1.5% from $182,003 in March 2010 to $179,278 in April 2010. April 2010 average sales price decreased 12.5% over the April 2009 average sales price which was $204,960. Two foreclosure sales and one short sale in April 2010 helped bring the average sales price down.

Average days on the market decreased from 176 in March to 94 in April. April 2009 average days on the market were 95.

Lake Norman Lots
In April 2010 14 lots sold in the Lake Norman area, a 100% increase over the 7 lots sold in March 2010. April 2010 sales figures increased 280% over April 2009 when only 5 lots sold.

The average sales price decreased 34% from $120,285 in March 2010 to $78,887 in April 2010. April 2010 average sales price decreased 20% from the April 2009 average sales price which was $98,900.

Average days on the market increased from 123 in March 2010 to 350 in April 2010. April 2009 average days on the market were 202, a 73% increase in market time vesus the same time period last year. Two lots in new developments sold in April that were on the market for over 900 days, helping to skew these figures.

If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Listings

To view recent sales in Lake Norman please visit our new website: LakeNormanRealEstate.pro

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
www.LakeNormanHomes.com/
866-LakeNorman

About The Lake Norman Homes Team & Keller Williams Realty

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

7 Tips for Buying New Construction

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

5 Things to Know Before You Buy a Home

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

Ten Reasons to Stop Renting and Become a Home Buyer

The Lake Norman Homes Team
 Realtors®/Brokers
 Keller Williams Realty
 http://lakenormanhomes.com/

Home Buyers Tax Credit Still Available...

The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
http://lakenormanhomes.com/

Top Five Cities to Flip a Home

The Lake Norman Homes Team
Realtors® Keller WIlliams Realty
http://lakenormanhomes.com