Reported by Rob Cassam, CCIM, BROKER, MBA, REALTOR
Updated April 15, 2012.
Current Market Rating: 2
1
2
3
4
5
Buyer's
Seller's
Current Price Trend: 2
1
2
3
4
5
Falling
Rising
Appreciation has slipped back year to date in certain neighborhoods by 5%. Homes are selling inside of 120 days for the most part and the area is still a very attractive suburban destination. Good future appreciation potential if you buy in the right neighborhood. Current economy has resulted in a softening of prices and/or time on the market. Different price points have different sale trends. Some good foreclosure bargains out there for the buyers ready to take action. Make sure you research that with a professional before buying or selling.
ZIP Code: 28031 Approximate Location Boundaries: Cornelius
Location Characteristics: Cornelius is between Huntersville NC and the North end of Mecklenburg County. Cornelius also includes much of Lake Norman. Homes average in the mid $200's and surpass $1M if on the water.
