| Average | 2006 | 2007 | % Inc/dec |
| Cost per SF | $151.12 | $172.09 | 13.88 |
| # Solds | 56 | 56 | 0.00 |
| Aug-07 | Average Sales Price | $445,380 | |
| ATS | Index | 137.9 | |
| Months Inventory | 3.4 | ||
Again I think it is fundamentals at work here, same Lake Norman as Mooresville, but 25-30 minutes closer to Charlotte, in Meckenburg vs Iredell County and frankly better infrastructure to go with it (I can hear the howl now) and just better planning-kudos to city of Cornelius.
Their Realtors and sellers are a little wild in their Asking prices with ATS (Asking to Selling) index of 138-- but it doesn't seem to have affected sales or appreciation does it? This demonstrates the transparency of the resale market-- underlying value is what counts! Despite out of line asking prices (37% high!) sales continue with high appreciation rates, but no where near Asking. Why? Because buyers can tell the real value when they go there, and then online they can see what the homes should be selling for- and that is what they are offering. And then sellers come back to the real world too.
A genuine Days on Market stat would be telling here, as would a MLS sheet that showed price drops.
All data is derived from the Carolina MLS, but is not provided by the MLS
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