Cornelius Real Estate Market Update February 2017

Cornelius Real Estate Market Update August 2014
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Cornelius Real Estate Market Stats for February 2017

Cornelius Homes
In February 2017 21 homes sold in the Cornelius area, a 36.4% decrease from the 33 Cornelius homes sold in January 2017. February 2017 sales figuresdecreased 22.2% from February 2016 when 27 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 34.5% from $632,049 in January to $414,170 in February. The February 2017 average sales price decreased 25.4% from the February 2016 average sales price which was $555,096.

Average days on the market increased 74.5% from 47 days in January to 82 days on the market in February. The February 2016 average days on the market were 100, an 18% decrease in market time from one year ago.

Currently there are 168 active homes for sale in the Cornelius MLS area, up 10.5% from February. The average list price is $997,167 up 2.2% from the February average list price of $976,002. 103 Cornelius homes are currently under contract, up 35.5% from February. Based on these statistics, 8 months of inventory, we are currently in a balanced 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 February 2017 21 condos/townhomes sold in the Cornelius area, a 10.5% increase from the 19 Cornelius condos or townhomes sold in January 2017. February 2017 sales figures decreased 12.5% from February 2016 when 24 Cornelius condos sold.

The average sales price increased 12.1% from $199,092 in January 2017 to $223,238 in February 2017. The February 2017 average sales price increased 38.1% from the February 2016 average sales price which was $161,693.

Average days on the market increased 16.7% from 48 in January to 56 in February. February 2016 average days on the market were 70, an increase of 20% market time from one year ago.

Currently there are 36 active condo/townhomes for sale in the Cornelius MLS area, a 14.3% decrease from the 42 Cornelius condos for sale in February. The average list price is $242,602, down 1.9% from February’s average list price of $247,313. 53 Cornelius condos/townhomes are currently under contract, a 17.8% increase from February. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In February 2017 3 lots sold in the Cornelius area, a 50% increase from the 2 Cornelius lots sold in January 2017. February 2017 sales figures increased 0% from February 2016 when 3 Cornelius lots sold.

The average sales price increased 47.8% from $352,500 in January to $520,917 in February. The February 2017 average sales price increased 20.5% from the February 2016 average sales price which was $432,333.

Average days on the market increased 8.7% from 183 in January to 199 in February. The February 2016 average days on the market were 314, a 36.6% decrease in market time versus the same time period last year.

Currently there are 25 active lot listings in the Cornelius MLS area, a decrease of 4% from February. The average list price is $1,237,596, up 57.1% from February’s average list price of $787,723. 9 Cornelius lots are currently under contract, a 12.5% increase from February. Based on these numbers, 8.3 months of inventory, we are in a balanced market for Cornelius lots for sale.

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


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