Cornelius Real Estate Market Update October 2015

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

Cornelius Homes
In October 2015 41 homes sold in the Cornelius area, a 6.8% decrease from the 44 homes sold in September 2015. October 2015 sales figures decreased 10.9% from October 2014 when 46 homes sold in the Cornelius area.

The average sales price decreased 28.4% from $608,683 in September to $435,723 in October. The October 2015 average sales price decreased 28.3% from the October 2014 average sales price which was $607,303.

Average days on the market increased 3.3% from 60 days in September to 62 days on the market in October. The October 2014 average days on the market were 81, a 23.5% decrease in market time.

Currently there are 251 homes for sale in the Cornelius MLS area, up 1.2% from October. The average list price is $887,369 up 3.8% from the October average list price of $854,839. 79 Cornelius homes are currently under contract, down 8.1% from October.

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Cornelius Condos & Townhomes
In October 2015 32 condos/townhomes sold in the Cornelius area, a 22% decrease from the 41 condos or townhomes sold in September 2015. October 2015 sales figures increased 33% from October 2014 when 24 Cornelius condos sold.

The average sales price increased 2.4% from $188,171 in September 2015 to $192,715 in October 2015. October 2015 average sales price increased 16.2% from the October 2014 average sales price which was $165,917.

Average days on the market decreased 14.3% from 49 in September to 42 in October. October 2014 average days on the market were 60, a decrease of 30%.

Currently there are 92 condo/townhomes for sale in the Cornelius MLS area, a 10.7% decrease from the 103 Cornelius condos for sale in October. The average list price is $216,473, up 1.8% from October’s average list price of $212,651. 30 Cornelius condos/townhomes are currently under contract, a 9.1% decrease from October.

Cornelius Lots
In October 2015 2 lot sold in the Cornelius area, a 33% decrease from the 3 Cornelius lots sold in September. October 2015 sales figures decreased 50% from October 2014 when 4 Cornelius lots sold.

The average sales price decreased 47.9% from $758,667 in September to $395,000 in October. October 2015 average sales price increased 39.8% from the October 2014 average sales price which was $282,500.

Average days on the market increased 281% from 71 in September to 271 in October. October 2014 average days on the market were 305, an 11% decrease in market time versus the same time period last year.

Currently there are 40 lots for sale in the Cornelius MLS area, a decrease of 0% from October. The average list price is $668,173, down 6.2% from October’s average list price of $711,998. 11 Cornelius lots are currently under contract, a 10% increase from October.

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


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