Cornelius Real Estate Market Update August 2015

Cornelius Real Estate Market Update August 2014
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August 2015 Cornelius Real Estate Market Update

Cornelius Homes
In August 2015 42 homes sold in the Cornelius area, a 12.5% decrease from the 48 homes sold in July 2015. August 2015 sales figures decreased 32.3% from August 2014 when 62 homes sold in the Cornelius area.

The average sales price decreased 4.8% from $513,881 in July to $488,978 in August. The August 2015 average sales price decreased 7.6% from the August 2014 average sales price which was $529,040.

Average days on the market increased 18.4% from 49 days in July to 58 days on the market in August. The August 2014 average days on the market were 69, a 15.9% increase in market time.

Currently there are 223 homes for sale in the Cornelius MLS area, down 15.8% from August. The average list price is $884,562 up 4.8% from the August average list price of $844,266. 75 Cornelius homes are currently under contract, down 13.8% from August.

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Cornelius Condos & Townhomes
In August 2015 23 condos/townhomes sold in the Cornelius area, a 41% decrease from the 39 condos or townhomes sold in July 2015. August 2015 sales figures increased 0% from August 2014 when 23 Cornelius condos sold.

The average sales price increased 6.5% from $201,078 in July 2015 to $214,082 in August 2015. August 2015 average sales price increased 18.4% from the August 2014 average sales price which was $180,884.

Average days on the market increased 9.8% from 51 in July to 56 in August. August 2014 average days on the market were 61, a decrease of 8.2%.

Currently there are 115 condo/townhomes for sale in the Cornelius MLS area, a 13.5% decrease from the 133 Cornelius condos for sale in August. The average list price is $210,272, down .9% from August’s average list price of $212,256. 32 Cornelius condos/townhomes are currently under contract, a 36% decrease from August.

Cornelius Lots
In August 2015 2 lot sold in the Cornelius area, a 100% increase from the 1 lot sold in July. August 2015 sales figures decreased 0% from August 2014 when 2 Cornelius lots sold.

The average sales price increased 404% from $76,000 in July to $383,000 in August. August 2015 average sales price decreased 40.4% from the August 2014 average sales price which was $642,960.

Average days on the market decreased 80% from 172 in July to 34 in August. August 2014 average days on the market were 291, a 88.3% decrease in market time versus the same time period last year.

Currently there are 43 lots for sale in the Cornelius MLS area, a decrease of 6.5% from August. The average list price is $758,667, up 13.6% from August’s average list price of $667,854. 8 Cornelius lots are currently under contract, an 11% decrease from August.

Would you like to stay up to date on the Cornelius real estate market: Free Cornelius Real Estate Market Updates


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