Showing posts with label Cornelius NC. Show all posts
Showing posts with label Cornelius NC. Show all posts

Saturday, October 13, 2007

Antiquity in Cornelius


Antiquity is the largest mixed-use community of homes, offices and retail since Birkdale, and promises to change both Cornelius and Davidson over the next decade. The covered bridge on the right is it's northern entry from Davidson, and the Cornelius entry will be at the Town Center in revitalized Cornelius. This community will be a major real estate addition for the north Charlotte suburbs.

Antiquity is just getting started, roads are in and the models just opened and the first homeowners are moving in October, 2007. Two very well thought of builders, Cunnane and Meeting Street Homes, are building detailed period style town homes from the high 170's, and single families in the 300's. I'll have more in future posts, but if you have some vision, their early prices are attractive. I think you'll like their style and if you've visited other communities by Cunnane , you know they are also know for their appreciation! The photos below are from the Cunnane side, Meeting Street pictures will be up next week.



It is a front porch community in walking distance to downtown Cornelius or downtown Davidson, a new community connecting the older Cornelius with the eclectic college town of Davidson.

Saturday, September 15, 2007

August Market Report- 28031

Cornelius, NC, Lake Norman's capital city, still growing strong on the lower lake.
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