Lake Norman Real Estate Update

Lake Norman Foreclosure Real Estate Market Update August 2014

Lake Norman Foreclosure Market Update

Lake Norman Foreclosure Homes
At the end of August 2014 there were 12 Lake Norman foreclosures & short-sale properties listed in the Lake Norman MLS area, a 70.7% decrease from the 41 foreclosure & short-sale properties for sale in August 2013.

1 Lake Norman foreclosures/short sale homes closed in August 2014. This was a decrease of 80% from the 5 Lake Norman foreclosures and short-sales sold in August 2013. The average Lake Norman foreclosure sale price was $275,000. The average sales price increased 16.3% from the August 2013 average sale price of $236,384. The average days on the market were 482, a 404 day decrease from August 2013.

1 Lake Norman foreclosure and short sale home is currently under contract, 8.3% of the available Lake Norman foreclosure homes for sale.

View all the Lake Norman foreclosures, preforeclosures and short sales.

Lake Norman Foreclosure Condos & Townhomes
At the end of August 2014 there were 0 Lake Norman foreclosure & short-sale condos/townhomes listed in the Lake Norman MLS area, a 100% decrease from the 1 foreclosure & short-sale condo listed for sale in August 2013.

Zero Lake Norman foreclosure or short-sale condos/townhomes sold in August 2014. This was an decrease of 100% from the one foreclosure or short-sale condos sold in August 2013. The average sales price in August 2013 was $70,000. Zero foreclosure/short-sale condo units are currently under contract, down 100% from one Lake Norman condo under contract in August 2013.

View all the Lake Norman condo foreclosures, preforeclosures and short sales for sale.

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

Lake Norman Real Estate Update

Lake Norman Real Estate Market Update August 2014

August 2014 Lake Norman Real Estate Market Update

Lake Norman Homes
In August 2014 148 homes sold in the Lake Norman area, a 18.7% decrease from the 182 homes sold in July. August 2014 sales figures increased 2.8% from August 2013 when 144 homes sold in the Lake Norman area.

The average sales price increased 15.7% from $492,346 in July to $569,498 in August. The August 2014 average sales price increased 20.2% from the August 2013 average sales price which was $473,644. This was the highest average sales price in August over the last 10 years!

Average days on the market increased 37.3% from 75 days in July to 103 days on the market in August. August 2013 average days on the market were 115, a 10.4% decrease in market time.

Currently there are 1,103 homes for sale in the Lake Norman MLS area, down 5.4% from July. The average list price is $642,486 up 1.5% from the July average list price of $633,277. The average days on the market are 131. 302 Lake Norman homes are currently under contract, up 10.2% from July.

It is a great time to sell! Request a free market analysis on LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In August 2014 25 condos/townhomes sold in the Lake Norman area, a 7.4% decrease from the 27 condos or townhomes sold in July 2014. August 2014 sales figures increased 92.3% from August 2013 when 13 Lake Norman condos sold.

The average sales price decreased 5.3% from $212,038 in July 2014 to $200,886 in August 2014. August 2014 average sales price decreased 3.2% from the August  2013 average sales price which was $207,577.

Average days on the market increased 5.4% from 56 in July to 59 in August. August 2013 average days on the market were 86.

Currently there are 103 condo/townhomes for sale in the Lake Norman MLS area,a 7.2% decrease from the 111 condos for sale in July. The average list price is $232,054, up 1.5% from July’s average list price of $228,659. The average days on the market are 110. 22 Lake Norman condos/townhomes are currently under contract, an 8.3% decrease from July.

Lake Norman Lots
In August 2014 30 lots sold in the Lake Norman area, a 11.8% decrease from the 34 lots sold in July. August 2014 sales figures increased 66.7% from August 2013 when 18 lots sold.

The average sales price decreased 51.2% from $315,250 in July to $153,821 in August. August 2014 average sales price increased 44.5% from the August 2013 average sales price which was $106,458.

Average days on the market increased 50% from 118 in July to 177 in August. August 2013 average days on the market were 285, a 37.9% decrease in market time versus the same time period last year.

Currently there are 754 lots for sale in the Lake Norman MLS area. The average list price is $241,012, down 1.5% from July’s average list price of $244,666. The average days on the market are 354. 35 Lake Norman area lots are currently under contract, a 5.4% decrease from July.

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

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