Tag Archives: home prices
Cornelius Real Estate Market Update January 2015
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.
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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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2014 Cornelius Waterfront Real Estate Market Review
The Cornelius waterfront real estate market had a slight decline in total sales, down 5.2% from 2013. This can be attributed to low inventory and higher prices.
The average sales price increased 12.5% from the 2013 average sales price. It was the highest average sales price since 2008. Limited inventory created competition for fewer listings, thus increasing prices.
The median sales price increased a whooping 31% from the 2013 median sales price. It was the highest median sales price since 2008.
The average price per square foot increased 7.8% from the 2013 average price per square foot and was the highest since 2008.
The average days on the market decreased 19% from 2013 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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