Cornelius Real Estate Market Update December 2017

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for December 2017

Cornelius Homes
In December 2017 44 homes sold in the Cornelius area, a 12.8% increase from the 39 Cornelius homes sold in November 2017. December 2017 sales figures decreased 21.4% from December 2016 when 56 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 9.7% from $571,035 in November to $515,748 in December. The December 2017 average sales price increased 6.9% from the December 2016 average sales price which was $482,544.

Average days on the market increased 64.4% from 45 days in November to 74 days on the market in December. The December 2016 average days on the market were 74, a 0% decrease in market time from one year ago.

Currently there are 127 active homes for sale in the Cornelius real estate market, down 8% from December. The average list price is $1,098,912 up 8.2% from the December average list price of $1,015,636. 59 Cornelius homes are currently under contract, down 1.7% from December. Based on these statistics, 2.9 months of inventory, we are currently in a sellers market in Cornelius.

It is a great time to sell Cornelius real estate! Request a free market analysis or keep updated on the Cornelius real estate market for free at LakeNormanHomePrices.com

Cornelius Condos & Townhomes
In December 2017 19 condos/townhomes sold in the Cornelius real estate market, a 34% decrease from the 29 Cornelius condos or townhomes sold in November 2017. December 2017 sales figures decreased 17.4% from December 2016 when 23 Cornelius condos sold.

The average sales price increased 7.4% from $210,862 in November 2017 to $226,397 in December 2017. The December 2017 average sales price increased 21.9% from the December 2016 average sales price which was $185,674.

Average days on the market increased 39% from 23 in November to 32 in December. December 2016 average days on the market were 39, a decrease of 17.9% market time from one year ago.

Currently there are 14 active condo/townhomes for sale in the Cornelius real estate market, a 16.7% increase from the 12 Cornelius condos for sale in December. The average list price is $299,749, down 8.4% from December’s average list price of $327,091. 28 Cornelius condos/townhomes are currently under contract, a 133% increase from December. Based on these figures, .7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In December 2017 1 lots sold in the Cornelius area, a 0% decrease from the 1 Cornelius lots sold in November 2017. December 2017 sales figures decreased 66.7% from December 2016 when 3 Cornelius lots sold.

The average sales price decreased 4.5% from $859,000 in November to $820,000 in December. The December 2017 average sales price decreased 11% from the December 2016 average sales price which was $921,667.

Average days on the market decreased 88.9% from 718 in November to 80 in December. The December 2016 average days on the market were 235, a 66% decrease in market time versus the same time period last year.

Currently there are 24 active lot listings in the Cornelius real estate market, a decrease of 4% from December. The average list price is $888,686, up 2.9% from December’s average list price of $863,838. 3 Cornelius lots are currently under contract, a 40% decrease from December. Based on these numbers, 24 months of inventory, we are in a buyers market for Cornelius lots for sale.

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Would you like to stay up to date on the Cornelius real estate market: Free Cornelius Real Estate Market Updates


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