Cornelius Real Estate Market Update November 2014

Cornelius Real Estate Market Update August 2014
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November 2014 Cornelius Real Estate Market Update

Cornelius Homes
In November 2014 33 homes sold in the Cornelius area, a 28.3% decrease from the 46 homes sold in October. November 2014 sales figures decreased 8.3% from November 2013 when 36 homes sold in the Cornelius area.

The average sales price decreased 26.7% from $600,678 in October to $440,301 in November! The November 2014 average sales price decreased 12.4% from the November 2013 average sales price which was $502,702.

Average days on the market decreased 30.1% from 83 days in October to 58 days on the market in November, the lowest market time since November 2009! November 2013 average days on the market were 108, a 46.3% decrease in market time.

Currently there are 219 homes for sale in the Cornelius MLS area, down 10.6% from October. The average list price is $751,799 up 3.7% from the October average list price of $724,969. 64 Cornelius homes are currently under contract, down 9.9% from October.

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



Cornelius Condos & Townhomes
In November 2014 16 condos/townhomes sold in the Cornelius area, a 40.7% decrease from the 27 condos or townhomes sold in October 2014. November 2014 sales figures decreased 5.9% from November 2013 when 17 Cornelius condos sold.

The average sales price increased 11.3% from $166,569 in October 2014 to $185,387 in November 2014. November 2014 average sales price increased 9.6% from the November 2013 average sales price which was $169,139.

Average days on the market decreased 14% from 57 in October to 50 in November. November 2013 average days on the market were 164, a decrease of 69.6%.

Currently there are 105 condo/townhomes for sale in the Cornelius MLS area,a 2.8% decrease from the 108 condos for sale in October. The average list price is $205,885, up 2.6% from October’s average list price of $200,653. 33 Cornelius condos/townhomes are currently under contract, a 0% increase from October.



Cornelius Lots
In November 2014 0 lots sold in the Cornelius area, a 100% decrease from the 4 lots sold in October. November 2014 sales figures decreased 100% from November 2013 when 1 Cornelius lots sold.

The average sales price decreased 100% from $282,500 in October to $0 in November. November 2014 average sales price decreased 100% from the November 2013 average sales price which was $92,000.

Average days on the market increased 0% from 304 in October to N/A in November. November 2013 average days on the market were 104, a 0% increase in market time versus the same time period last year.

Currently there are 42 lots for sale in the Cornelius MLS area, a decrease of 10.6% from October. The average list price is $628,271, up 8.4% from October’s average list price of $579,355. 8 Cornelius lots are currently under contract, a 0% increase from October.




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