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Cornelius Real Estate Market Update February 2015
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 Waterfront Real Estate Market Update January 2015
Cornelius Waterfront Homes
In January 2015 3 Cornelius waterfront homes sold, a 40% decrease from the 5 Cornelius waterfront homes sold in December 2014. January 2015 waterfront sales figures increased 50% from January 2014 when 2 Cornelius waterfront homes sold.
The average sales price increased 3.8% from $1,326,000 in December 2014 to $1,375,833 in January 2015. The January 2015 average sales price decreased 4.7% from the January 2014 average sales price which was $1,444,000.
Average days on the market increased from 135 in December 2014 to 162 in January 2015, an 20% increase in market time. January 2014 average days on the market were 324, a 50% decrease in market time.
Currently there are 58 Cornelius waterfront homes listed in the MLS with 7 of those under contract, up 250% from December. The average list price is $1,451,401 down 7.2% from December. The current lowest priced Cornelius waterfront home is listed at $475,000 and the current highest priced Cornelius waterfront home is listed at $4,399,000.
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Cornelius Waterfront Condos & Townhomes
In January 2015 2 Cornelius waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 2 Cornelius waterfront condos sold in December 2014. January 2015 sales figures decreased 50% from January 2014 when 4 Cornelius waterfront condos sold.
The average sales price decreased 32.5% from $389,000 in December 2014 to $262,500 in January 2015. January 2015 average sales price decreased 14.7% from the January 2014 average sales price which was $307,562.
Average days on the market increased 115% from 20 in December 2014 to 43 in January 2015. January 2014 average days on the market were 159, a 73% decrease in market time.
Currently there are 36 Cornelius waterfront condos listed in the MLS with 6 of those under contract, a 2.9% increase from December. The average list price is $251,394, up 2.3% from last month. The lowest priced Cornelius waterfront condo is listed at $125,000 and the highest priced Cornelius waterfront condo is listed at $495,000.
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Cornelius Waterfront Lots
In January 2015 3 Cornelius waterfront lots sold in the Lake Norman area, a 50% increase from the 2 Cornelius waterfront lots sold in December 2014. The average sales price was $741,667, up 12.5% from the December average sales price which was $659,500. January 2015 sales figures increased 0% from January 2014 when 3 Cornelius waterfront lots sold. The average sales price increased 82.1% from the January 2014 average sales price of $407,333.
The average days on the market increased 197% from December, from 66 to 196 days on the market in January. Days on the market were down 16.2% from January 2014 when the average was 234 days on the market.
Currently there are 15 Cornelius waterfront lots listed in the MLS with 4 of those under contract, up 100% from December. The average list price is $955,040, up 9.6% 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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