2015 Cornelius Waterfront Real Estate Market Review
The Cornelius waterfront real estate market had a large decline in total sales, down 31.2% from 2014. This can be attributed to low inventory, higher asking prices and Mooresville having more inventory and lower prices.
The average sales price, $1,171,962, decreased 4.1% from the 2014 average sales price.
The median sales price, $975,000, decreased 8.9% from the 2014 median sales price.
The average price per square foot, $299, increased 12.4% from the 2014 average price per square foot, $266, and was the highest since 2008.
The average days on the market, 114, decreased 13% from 2014 and was the shortest marketing time since 2009.
Please feel free to call or email me anytime to discuss market conditions in your neighborhood as I would love to talk and provide you with additional insight, discuss listing your property or talk about purchasing real estate in Cornelius and the Lake Norman area.
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