Cornelius NC Real Estate

July 2016 Cornelius Real Estate Market Update

Cornelius Homes
In July 2016 41 homes sold in the Cornelius area, a 31.7% decrease from the 60 homes sold in June. July 2016 sales figures decreased 12.8% from July 2015 when 47 homes sold in the Cornelius area.

The average sales price in Cornelius increased 9.5% from $561,431 in June to $614,766 in July. The July 2016 average sales price increased 19.9% from the July 2015 average sales price which was $512,792.

Average days on the market increased 82% from 45 days in June to 82 days on the market in July. The July 2015 average days on the market were 50, a 64% decrease in market time.

Currently there are 207 active homes for sale in the Cornelius MLS area, down 2.4% from July. The average list price is $940,136 up .08% from the July average list price of $939,337. 112 Cornelius homes are currently under contract, up .9% from July.

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Cornelius Condos & Townhomes
In July 2016 26 condos/townhomes sold in the Cornelius area, a 10.3% decrease from the 29 Cornelius condos or townhomes sold in June. July 2016 sales figures decreased 33% from June 2015 when 39 Cornelius condos sold.

The average sales price increased 29.4% from $179,859 in June 2016 to $232,756 in July 2016. The July 2016 average sales price increased 15.8% from the July 2015 average sales price which was $201,078.

Average days on the market decreased 6.7% from 48 in June to 45 in July. July 2015 average days on the market were 51, a decrease of 11.8%.

Currently there are 69 active condo/townhomes for sale in the Cornelius MLS area, a 3% increase from the 67 Cornelius condos for sale in July. The average list price is $239,212, down 3.1% from July’s average list price of $246,756. 43 Cornelius condos/townhomes are currently under contract, a 0% decrease from July.

Cornelius Lots
In July 2016 1 lots sold in the Cornelius area, a 75% decrease from the 4 Cornelius lots sold in June. July 2016 sales figures increased 0% from July 2015 when 1 Cornelius lots sold.

The average sales price decreased 80.4% from $921,250 in June to $180,500 in July. The July 2016 average sales price increased 137.5% from the July 2015 average sales price which was $76,000.

Average days on the market increased 445% from 62 in June to 338 in July. The July 2015 average days on the market were 172, a 96.5% increase in market time versus the same time period last year.

Currently there are 37 active lot listings in the Cornelius MLS area, an increase of 0% from July. The average list price is $753,854, up 6.8% from July’s average list price of $705,065. 14 Cornelius lots are currently under contract, a 16.7% increase from July.

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