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