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Cornelius Real Estate Market Update May 2015
May 2015 Cornelius Real Estate Market Update
Cornelius Homes
In May 2015 63 homes sold in the Cornelius area, a 37% increase from the 46 homes sold in April 2015 and the highest May total since 2006. May 2015 sales figures increased 26% from May 2014 when 50 homes sold in the Cornelius area.
The average sales price increased 33.3% from $363,273 in April to $484,347 in May. The May 2015 average sales price decreased 6% from the May 2014 average sales price which was $456,932.
Average days on the market decreased 19.7% from 66 days in April to 53 days on the market in May. The May 2014 average days on the market were 104, a 49% decrease in market time.
Currently there are 277 homes for sale in the Cornelius MLS area, up 3% from May. The average list price is $789,716 up 6.9% from the May average list price of $738,986. 105 Cornelius homes are currently under contract, up 2% from May.
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Cornelius Condos & Townhomes
In May 2015 32 condos/townhomes sold in the Cornelius area, a 12.5% increase from the 28 condos or townhomes sold in April 2015. May 2015 sales figures increased 28% from May 2014 when 25 Cornelius condos sold.
The average sales price increased 6.8% from $171,162 in April 2015 to $182,859 in May 2015. May 2015 average sales price increased 1.1% from the May 2014 average sales price which was $180,866.
Average days on the market decreased 39.5% from 86 in April to 52 in May. May 2014 average days on the market were 71, a decrease of 26.8%.
Currently there are 155 condo/townhomes for sale in the Cornelius MLS area, a 13% increase from the 137 Cornelius condos for sale in May. The average list price is $212,646, down 1.5% from May’s average list price of $215,835. 50 Cornelius condos/townhomes are currently under contract, a 2% increase from May.
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Cornelius Lots
In May 2015 4 lot sold in the Cornelius area, a 300% decrease from the 1 lots sold in April. May 2015 sales figures increased 300% from May 2014 when 1 Cornelius lots sold.
The average sales price increased 38.6% from $368,000 in April to $599,500 in May. May 2015 average sales price decreased 33.4% from the May 2014 average sales price which was $900,000.
Average days on the market increased 20600% from 1 in April to 207 in May. May 2014 average days on the market were 165, a 25.5% increase in market time versus the same time period last year.
Currently there are 49 lots for sale in the Cornelius MLS area, a decrease of 3.9% from May. The average list price is $649,831, up 5.2% from May’s average list price of $617,833. 8 Cornelius lots are currently under contract, a 20% decrease from May.
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Cornelius Waterfront Real Estate Market Update April 2015
April 2015 Cornelius Waterfront Market Update
Cornelius Waterfront Homes
In April 2015 2 Cornelius waterfront homes sold, a 50% decrease from the 4 Cornelius waterfront homes sold in March 2015. April 2015 waterfront sales figures decreased 71.4% from April 2014 when 7 Cornelius waterfront homes sold.
The average sales price decreased .9% from $668,862 in March to $662,875 in April 2015. The April 2015 average sales price decreased 18.6% from the April 2014 average sales price which was $814,250.
Average days on the market decreased from 94 in March to 28 in April 2015, a 70% decrease in market time. April 2014 average days on the market were 128, a 78.1% decrease in market time.
Currently there are 70 Cornelius waterfront homes listed in the MLS with 14 of those under contract, up 27.3% from April. The average list price is $1,538,949 down .7% from March. The current lowest priced Cornelius waterfront home is listed at $385,000 and the current highest priced Cornelius waterfront home is listed at $4,950,000.
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Cornelius Waterfront Condos & Townhomes
In April 2015 9 Cornelius waterfront condos or townhomes sold in the Lake Norman area, a 800% increase from the 1 Cornelius waterfront condos sold in March 2015. April 2015 sales figures decreased 350% from April 2014 when 2 Cornelius waterfront condos sold.
The average sales price increased 7.9% from $200,000 in March to $215,767 in April 2015. April 2015 average sales price decreased 27.5% from the April 2014 average sales price which was $297,500.
Average days on the market increased 207% from 41 in March to 126 in April 2015. April 2014 average days on the market were 106, an 18.9% increase in market time.
Currently there are 53 Cornelius waterfront condos listed in the MLS with 16 of those under contract, a 33% increase from April. The average list price is $266,382, up .3% from last month. The lowest priced Cornelius waterfront condo is listed at $119,900 and the highest priced Cornelius waterfront condo is listed at $469,900.
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Cornelius Waterfront Lots
In April 2015 1 Cornelius waterfront lots sold in the Lake Norman area, a 0% increase from the 1 Cornelius waterfront lots sold in March. The average sales price was $368,000, down 50.7% from the March average sales price which was $746,900. March 2015 sales figures increased 0% from April 2014 when 1 Cornelius waterfront lots sold. The average sales price decreased 44.7% from the April 2014 average sales price of $665,000.
The average days on the market decreased 100% from March, from 745 to 0 days on the market in April. Days on the market were down 100% from April 2014 when the average was 69 days on the market.
Currently there are 27 Cornelius waterfront lots listed in the MLS with 6 of those under contract, up 20% from April. The average list price is $807,215, up .8% from last month. The lowest priced Cornelius waterfront lot is listed at $325,000 and the highest priced Cornelius waterfront lot is listed at $2,350,000.
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