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Fewer Homes for Sale in Cornelius while Listing Prices Rise

The number of homes for sale in Cornelius, NC fell in January, while the average listing price increased by 0.32%.

Feb. 19, 2013 - PRLog -- According to the Market Report - a publication of The Mikesh Team (http://www.searchlakenormanhouses.com ) by John Mikesh - the number of homes for sale in Cornelius, NC was 361, down 6.14% from 384 in December. This is the 4th consecutive month where the number of homes for sale decreased.

The average price of homes for sale was $573,279, which was up from $571,435 in December. Likewise the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - increased 0.77% to $296,170.

"My team and I have seen a significant increase in activity over the past month," said John Mikesh, who released the study. "Many home are receiving multiple offers if they are already in move in condition and just last week we sold one of our listings in Crown Harbor that had been listed for less than 7 days and sold for 98% of asking price!"

The prices varied according to the size of the homes
- 2 bedroom - $165,063 - an increase of 3.84% from December
- 3 bedroom - $315,785 - a decrease of 3.91% from December
- 4 bedroom - $681,943 - an increase of 2.87% from December
- 5 bedroom - $1,317,929 - an increase of 1.45% from December

The average home for sale has 3 bedrooms and 3.46 bathrooms.

The high schools in Cornelius, NC with the highest average home price were:
-North Mecklenburg High School - $684,777
-William Amos Hough High School - $501,185
-Hopewell High School - $468,352
-Hough High School - $446,150

The Mikesh Team was founded in 2006 and serves as a full service real estate company that covers the Lake Norman area. The company is headed by John Mikesh who has more than 10 years of experience serving homebuyers. The Mikesh Team completed over 100 transactions totaling more than $30 million in 2012.

Visit: http://www.searchlakenormanhouses.com

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Source:The Mikesh Team
Location:Cornelius - North Carolina - United States
Industry:Real Estate
Tags:Cornelius, Housing Market, Home Sales, Real Estate, Home Buying
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