Cornelius NC Real Estate

February 2015 Cornelius Real Estate Market Update

Cornelius Homes
In February 2015 20 homes sold in the Cornelius area, a 11.1% increase from the 18 homes sold in January 2015. February 2015 sales figures increased 5.3% from February 2014 when 19 homes sold in the Cornelius area.

The average sales price increased 14.5% from $480,388 in January to $549,800 in February. The February 2015 average sales price increased 73.6% from the February 2014 average sales price which was $316,761.

Average days on the market increased 1.3% from 79 days in January to 80 days on the market in February. The February 2014 average days on the market were 90, an 11.1% decrease in market time.

Currently there are 246 homes for sale in the Cornelius MLS area, up 8.8% from January. The average list price is $713,758 down .7% from the January average list price of $718,442. 72 Cornelius homes are currently under contract, up 10.8% from January.

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Cornelius Condos & Townhomes
In February 2015 17 condos/townhomes sold in the Cornelius area, a 41.7% increase from the 12 condos or townhomes sold in January 2015. February 2015 sales figures increased 112.5% from February 2014 when 8 Cornelius condos sold.

The average sales price increased 4.4% from $176,505 in January 2014 to $184,269 in February 2015. February 2015 average sales price decreased 9.1% from the February 2014 average sales price which was $202,800.

Average days on the market decreased 12% from 100 in January to 88 in February. February 2014 average days on the market were 76, an increase of 15.8%.

Currently there are 102 condo/townhomes for sale in the Cornelius MLS area,a 4.7% decrease from the 107 Cornelius condos for sale in January. The average list price is $208,938, up 3.8% from January’s average list price of $201,312. 32 Cornelius condos/townhomes are currently under contract, a 0% increase from January.

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Cornelius Lots
In February 2015 1 lot sold in the Cornelius area, a 83.3% decrease from the 6 lots sold in January. February 2015 sales figures decreased 50% from February 2014 when 2 Cornelius lots sold.

The average sales price decreased 78.9% from $425,533 in January to $90,000 in February. February 2015 average sales price increased 210.9% from the February 2014 average sales price which was $28,950.

Average days on the market increased 27.7% from 130 in January to 166 in February. February 2014 average days on the market were 180, a 7.8% decrease in market time versus the same time period last year.

Currently there are 36 lots for sale in the Cornelius MLS area, an increase of 2.9% from January. The average list price is $698,097, down 1.3% from January’s average list price of $707,360. 6 Cornelius lots are currently under contract, a 20% increase from January.

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Cornelius Homes
In January 2015 18 homes sold in the Cornelius area, a 63.3% decrease from the 49 homes sold in December 2014 and the lowest January total since 2009! January 2015 sales figures decreased 18.2% from January 2014 when 22 homes sold in the Cornelius area.

The average sales price increased 10.5% from $434,741 in December to $480,388 in January. The January 2015 average sales price increased 19.2% from the January 2014 average sales price which was $402,943.

Average days on the market increased 19.7% from 66 days in December to 79 days on the market in January. January 2014 average days on the market were 92, a 14.1% decrease in market time.

Currently there are 226 homes for sale in the Cornelius MLS area, up 13% from December. The average list price is $718,442 down 5.2% from the December average list price of $757,510. 65 Cornelius homes are currently under contract, up 47.7% from December.

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

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Cornelius Condos & Townhomes
In January 2015 12 condos/townhomes sold in the Cornelius area, a 20% decrease from the 15 condos or townhomes sold in December 2014. January 2015 sales figures increased 9.1% from January 2014 when 11 Cornelius condos sold.

The average sales price decreased 4.5% from $184,741 in December 2014 to $176,505 in January 2015. January 2015 average sales price decreased 10.3% from the January 2014 average sales price which was $196,841.

Average days on the market increased 92.3% from 52 in December to 100 in January. January 2014 average days on the market were 140, a decrease of 28.6%.

Currently there are 107 condo/townhomes for sale in the Cornelius MLS area,a 9.2% increase from the 98 Cornelius condos for sale in December. The average list price is $201,312, down 1.7% from December’s average list price of $204,854. 32 Cornelius condos/townhomes are currently under contract, a 14.3% increase from December.

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Cornelius Lots
In January 2015 6 lots sold in the Cornelius area, a 200% increase from the 2 lots sold in December. January 2015 sales figures increased 50% from January 2014 when 4 Cornelius lots sold.

The average sales price decreased 35.5% from $659,500 in December to $425,533 in January. January 2015 average sales price increased 21.4% from the January 2014 average sales price which was $350,625.

Average days on the market increased 97% from 66 in December to 130 in January. January 2014 average days on the market were 238, a 83.1% decrease in market time versus the same time period last year.

Currently there are 35 lots for sale in the Cornelius MLS area, a decrease of .7% from December. The average list price is $707,360, up 5.8% from December’s average list price of $668,503. 5 Cornelius lots are currently under contract, a 0% decrease from December.

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