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/