Mecklenburg County residents will begin to receive their 2011 home revaluations this week.
Revaluation is the process of reappraising all properties within the county for tax assessment purposes. It is required at least once every eight years by North Carolina statute. The process has two objectives: value properties at current market prices, and equitably distribute the cost of local government among the property owners.
Your properties tax value is set by the revaluation & determines the amout of property tax you will pay each year until the next revaluation.
Mecklenburg County residents will have 30 days from February 7th to appeal to the Mecklenburg County Assessor’s Office. Every resident will receive an appeal form along with their revaluation.
For more information visit the Mecklenburg County Accessor’s webpage: Mecklenburg County Revaluation
If you need any information on home sales in your area to use in your appeal please don’t hesitate to contact us.
The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
www.LakeNormanHomes.com
Thursday, February 10, 2011
Tuesday, February 8, 2011
January 2011 Lake Norman Real Estate Market Update
Lake Norman Homes
In January 2011 54 homes sold in the Lake Norman area, a 43% decrease from the 95 homes sold in December 2010. January 2011 sales figures decreased 16% from January 2010 when 64 homes sold in the Lake Norman area.
The average sales price decreased .5% from $435,193 in December 2010 to $432,987 in January 2011. The January 2011 average sales price decreased 6% from the January 2010 average sales price which was $460,207.
Average days on the market decreased 16% from 165 days in December 2010 to 139 days on the market in January 2011. January 2010 average days on the market were 196, a 29% decrease in market time.
Currently there are 1122 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,356 square feeet and an average list price of $628,605. The average days on the market are 170. 127 homes are currently under contract, down 10% from December.
Lake Norman Condos & Townhomes
In January 2011 6 condos/townhomes sold in the Lake Norman area, a 33% decrease from the 9 condos or townhomes sold in December 2010. January 2011 sales figures decreased 25% from January 2010 when 8 condos sold.
The average sales price decreased 23% from $215,276 in December 2010 to $166,498 in January 2011. January 2011 average sales price increased 7% from the January 2010 average sales price which was $155,812.
Average days on the market decreased 1% from 149 in December to 147 in January. January 2010 average days on the market were 176.
Currently there are 191 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,431 square feeet and an average list price of $212,100. The average days on the market are 150. 23 Lake Norman condos/townhomes are currently under contract, an 35% increase from December.
Lake Norman Lots
In January 2011 6 lots sold in the Lake Norman area, a 200% decrease from the 18 lots sold in December 2010. January 2011 sales figures increased 0% from January 2010 when 6 lots sold.
The average sales price increased 30% from $142,466 in December 2010 to $185,833 in January 2011. January 2011 average sales price increased 72% from the January 2010 average sales price which was $107,950.
Average days on the market decreased 36% from 238 in December 2010 to 152 in January 2011. January 2010 average days on the market were 515, a 70% decrease in market time vesus the same time period last year.
Currently there are 1409 lots for sale in the Lake Norman MLS area. The average list price is $165,315. The average days on the market are 379. 23 Lake Norman area lots are currently under contract, a 15% increase from December.
If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Real Estate Listings
The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
www.LakeNormanHomes.com
In January 2011 54 homes sold in the Lake Norman area, a 43% decrease from the 95 homes sold in December 2010. January 2011 sales figures decreased 16% from January 2010 when 64 homes sold in the Lake Norman area.
The average sales price decreased .5% from $435,193 in December 2010 to $432,987 in January 2011. The January 2011 average sales price decreased 6% from the January 2010 average sales price which was $460,207.
Average days on the market decreased 16% from 165 days in December 2010 to 139 days on the market in January 2011. January 2010 average days on the market were 196, a 29% decrease in market time.
Currently there are 1122 homes for sale in the Lake Norman MLS area. The average home is a 3 bed/3 bath with 3,356 square feeet and an average list price of $628,605. The average days on the market are 170. 127 homes are currently under contract, down 10% from December.
Lake Norman Condos & Townhomes
In January 2011 6 condos/townhomes sold in the Lake Norman area, a 33% decrease from the 9 condos or townhomes sold in December 2010. January 2011 sales figures decreased 25% from January 2010 when 8 condos sold.
The average sales price decreased 23% from $215,276 in December 2010 to $166,498 in January 2011. January 2011 average sales price increased 7% from the January 2010 average sales price which was $155,812.
Average days on the market decreased 1% from 149 in December to 147 in January. January 2010 average days on the market were 176.
Currently there are 191 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,431 square feeet and an average list price of $212,100. The average days on the market are 150. 23 Lake Norman condos/townhomes are currently under contract, an 35% increase from December.
Lake Norman Lots
In January 2011 6 lots sold in the Lake Norman area, a 200% decrease from the 18 lots sold in December 2010. January 2011 sales figures increased 0% from January 2010 when 6 lots sold.
The average sales price increased 30% from $142,466 in December 2010 to $185,833 in January 2011. January 2011 average sales price increased 72% from the January 2010 average sales price which was $107,950.
Average days on the market decreased 36% from 238 in December 2010 to 152 in January 2011. January 2010 average days on the market were 515, a 70% decrease in market time vesus the same time period last year.
Currently there are 1409 lots for sale in the Lake Norman MLS area. The average list price is $165,315. The average days on the market are 379. 23 Lake Norman area lots are currently under contract, a 15% increase from December.
If you would like to search for Lake Norman properties for sale please visit our website: Search Lake Norman Real Estate Listings
The Lake Norman Homes Team
Realtors®/Brokers
Keller Williams Realty
www.LakeNormanHomes.com
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