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