Cornelius Real Estate Market Update October 2014

Cornelius Real Estate Market Update August 2014

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.




Leave a Reply