Tag Archives: home prices
Cornelius Real Estate Market Update January 2016
January 2016 Cornelius Real Estate Market Update
Cornelius Homes
In January 2016 25 homes sold in the Cornelius area, a 19.4% decrease from the 31 homes sold in December 2015. January 2016 sales figures increased 38.9% from January 2015 when 18 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 25.3% from $574,141 in December to $429,043 in January. The January 2016 average sales price increased 22.9% from the January 2015 average sales price which was $349,123.
Average days on the market decreased 4.2% from 72 days in December to 69 days on the market in January. The January 2015 average days on the market were 73, a 5.5% decrease in market time.
Currently there are 140 active homes for sale in the Cornelius MLS area, down 29% from January. The average list price is $1,003,026 up 14% from the January average list price of $878,899. 93 Cornelius homes are currently under contract, up 36.8% from January!
It is a great time to sell! Request a free market analysis or keep updated on the Cornelius real estate market for free at LakeNormanHomePrices.com
Cornelius Condos & Townhomes
In January 2016 9 condos/townhomes sold in the Cornelius area, a 64% decrease from the 25 Cornelius condos or townhomes sold in December 2015. January 2016 sales figures decreased 35.7% from January 2015 when 14 Cornelius condos sold.
The average sales price decreased 8.4% from $198,508 in December 2015 to $181,862 in January 2016. The January 2016 average sales price decreased 5.3% from the January 2015 average sales price which was $192,105.
Average days on the market decreased 22% from 50 in December to 39 in January. January 2015 average days on the market were 83, a decrease of 53%.
Currently there are 55 active condo/townhomes for sale in the Cornelius MLS area, a 30.4% decrease from the 79 Cornelius condos for sale in January. The average list price is $263,393, up 19.3% from January’s average list price of $220,726. 38 Cornelius condos/townhomes are currently under contract, a 111% increase from January!
Cornelius Lots
In January 2016 0 lots sold in the Cornelius area, a 100% decrease from the 1 Cornelius lots sold in December. January 2016 sales figures decreased 100% from January 2015 when 2 Cornelius lots sold.
The average sales price decreased N/A% from $198,000 in December to $N/A in January. The January 2016 average sales price decreased N/A% from the January 2015 average sales price which was $517,850.
Average days on the market decreased N/A% from 7 in December to N/A in January. The January 2015 average days on the market were 65, a N/A% decrease in market time versus the same time period last year.
Currently there are 22 active lot listings in the Cornelius MLS area, a decrease of 12% from January. The average list price is $782,809, up 8.7% from January’s average list price of $720,141. 12 Cornelius lots are currently under contract, a 33% increase from January.
Would you like to stay up to date on the Cornelius real estate market: Free Cornelius Real Estate Market Updates
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.
Stay up to date on the Cornelius real estate market with our free market snapshot reports: Free Cornelius Real Estate Market Updates
