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Denyse & Ken Naylor

Lake Norman Homes Sales October 2009

There was a total of 90 homes sold in the Lake Norman area October 1 thru October 31, 2009 as compared to 71 properties sold during the same time period of 2008. The average number of days on the market stretched from 131 during the stated time period in 2008 to 185 for the same period in 2009. However, the average days on market from September of 2009 compared to October 2009 increased about 9% which should probably be attributed to the seasonal changes in the real estate market. Noted with interest is the fact that the average sale price actually increased by about 12% compared to last year at the same time with only a 200+ difference in square footage. Are we actually beginning to see a stabilization & beginning of recovery in the local Lake Norman market? Sales prices for October 1 thru October 31 were $485,975 as compared to $432,355 in October 2008. There are currently 1390 homes for sale in the Lake Norman area. A qualified buyer can still find an awesome home for the money here at Lake Norman! Days on market being 185 will encourage sellers to price agressively for a quick sale! It is a time for buyers to look seriously at many of the great opportunities to own a home in the Lake Norman area. All can enjoy the great amenities Lake Norman has to offer to it's residents! With current interest rates at a record low & abundant inventory being major factors, buyers are taking advantage of purchasing higher priced homes under excellent terms in financing. Sellers! Take heart! Indicators are pointing to a market stabilization for the Lake Norman area. Price your home right & it will sell. For more detailed information on market conditions give us a call! It's a great time to buy a home at Lake Norman!

Lake Norman North Carolina Market Report for August 2009

Number of Homes Sold in the Lake Norman Area for August 1 thru August 31,2009:
79 Properties
Average Sale Price: $464,162

Average Days on Market: 166

Current Number of Homes for Sale in the Lake Norman Area:
1503


Lake Norman, NC Real Estate
There was a total of 79 homes sold in the Lake Norman area August 1 thru August 31,2009 as compared to 75 properties sold during the same time period of 2008. The average number of days on the market stretched from 137 during the stated time period in 2008 to 166 for the same period in 2009. The average sale price dropped by about 16% compared to last year at the same time. Sales prices for August 1 thru August 31 were $464,162 as compared to $536,489 in August 2008. There are currently 1503 homes for sale in the Lake Norman area. In view of the fact that days on market and number of homes sold have remained relatively stable, a qualified buyer can find an awesome home for the money since prices have decreased and sellers are obviously motivated in a price to sell strategy! It is a time for buyers to look seriously at many of the great opportunities to own a home in the Lake Norman area. All can enjoy the great amenities Lake Norman has to offer to it's residents! With current interest rates at a record low & abundant inventory being major factors, buyers are taking advantage of purchasing higher priced homes under excellent terms in financing. Sellers may be inclined to be more flexible in negotiations as we face the fall and winter seaon. For more detailed information on market conditions give us a call! It's a great time to buy a home at Lake Norman, NC. Don't forget to ask us about the new $8000 tax credit! You must close on your new home by November 30, 2009 to qualify! Call For Info: 704-363-6946

Mooresville Real Estate

Number of Homes Sold from October 1st to November 15th 2008 in Mooresville:

75 Properties

Average Sale Price 309,411

Average Days on Market : 109

Current Number of Mooresville Homes For Sale:

1037

Mooresville NC Real Estate

There was a total of 75 closed sales in Mooresville from October 1 to Novemeber 15, 2008 compared to 118 properties for the same time period in 2007. The average sales price for October 2008 was $309,411 as compared to an average selling price of $354,576 in October of 2007. The average number of days a house was on the market in October of 2008 was 109 as compared to the same period in 2007 when the average number of days on market was 93.There are currently 1037 homes for sale in Mooresville. Considering both the large inventory of homes & the length of days on market increasing buyers have the ability to get a great deal on a new home. Prices have remained relatively stable while the rest of the national market is more volatile supporting our belief that the local real estate market here in the Lake Norman area has had a solid appreciation & property values remain stable.This is a great time to buy a new home!

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