Cornelius Real Estate Market Update October 2014

Cornelius Real Estate Market Update August 2014
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October 2014 Cornelius Real Estate Market Update

Cornelius Homes
In October 2014 46 homes sold in the Cornelius area, a 6.1% decrease from the 49 homes sold in September. October 2014 sales figures increased 12.2% from October 2013 when 41 homes sold in the Cornelius area.

The average sales price increased 8.3% from $554,738 in September to $600,678 in October, the highest monthly average sales price since September 2006! The October 2014 average sales price increased 56.6% from the October 2013 average sales price which was $383,673.

Average days on the market increased 38.3% from 60 days in September to 83 days on the market in October. October 2013 average days on the market were 104, a 20.2% decrease in market time.

Currently there are 245 homes for sale in the Cornelius MLS area, up 14% from September. The average list price is $724,969 down 9.8% from the September average list price of $803,579. 71 Cornelius homes are currently under contract, up 121.9% from September!

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



Cornelius Condos & Townhomes
In October 2014 27 condos/townhomes sold in the Cornelius area, a 3.6% decrease from the 28 condos or townhomes sold in September 2014. October 2014 sales figures increased 22.7% from October 2013 when 22 Cornelius condos sold.

The average sales price decreased 14.8% from $195,450 in September 2014 to $166,569 in October 2014. October 2014 average sales price decreased 7.4% from the October 2013 average sales price which was $179,882.

Average days on the market decreased 32.9% from 85 in September to 57 in October. October 2013 average days on the market were 157, a decrease of 64.1%.

Currently there are 108 condo/townhomes for sale in the Cornelius MLS area,a 27.1% increase from the 85 condos for sale in September. The average list price is $200,653, up 3.3% from September’s average list price of $194,171. 33 Cornelius condos/townhomes are currently under contract, an 83.3% increase from September.



Cornelius Lots
In October 2014 4 lots sold in the Cornelius area, a 400% increase from the 0 lots sold in September. October 2014 sales figures increased 400% from October 2013 when 0 Cornelius lots sold.

The average sales price increased 100% from $0 in September to $282,500 in October. October 2014 average sales price increased 100% from the October 2013 average sales price which was $0.

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

Currently there are 47 lots for sale in the Cornelius MLS area, a decrease of 0% from September. The average list price is $579,355, up 2.4% from September’s average list price of $565,532. 8 Cornelius lots are currently under contract, a 100% increase from September.




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