Cornelius Real Estate Market Update June 2017

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

Cornelius Homes
In June 2017 73 homes sold in the Cornelius area, a 37.7% increase from the 53 Cornelius homes sold in May 2017 and the highest total sales since June 2006. June 2017 sales figures increased 21.7% from June 2016 when 60 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 7% from $606,700 in May to $564,433 in June. The June 2017 average sales price increased .5% from the June 2016 average sales price which was $561,431.

Average days on the market decreased 20.8% from 77 days in May to 61 days on the market in June. The June 2016 average days on the market were 45, a 35.6% increase in market time from one year ago.

Currently there are 189 active homes for sale in the Cornelius MLS area, down 3.6% from June. The average list price is $1,028,261 up 10.6% from the June average list price of $929,595. 88 Cornelius homes are currently under contract, down 20% from June. Based on these statistics, 2.6 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 June 2017 34 condos/townhomes sold in the Cornelius area, a 10.5% decrease from the 38 Cornelius condos or townhomes sold in May 2017. June 2017 sales figures increased 13.3% from June 2016 when 30 Cornelius condos sold.

The average sales price increased 10.3% from $196,947 in May 2017 to $217,172 in June 2017. The June 2017 average sales price increased 21.3% from the June 2016 average sales price which was $179,030.

Average days on the market decreased 0% from 31 in May to 31 in June. June 2016 average days on the market were 45, a decrease of 34% market time from one year ago.

Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 38.9% increase from the 18 Cornelius condos for sale in June. The average list price is $281,308, up 6.5% from June’s average list price of $264,205. 45 Cornelius condos/townhomes are currently under contract, a 16.7% decrease from June. Based on these figures, .7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In June 2017 2 lots sold in the Cornelius area, a 200% increase from the 0 Cornelius lots sold in May 2017. June 2017 sales figures decreased 50% from June 2016 when 4 Cornelius lots sold.

The average sales price increased NA% from $NA in May to $1,250,000 in June. The June 2017 average sales price increased 35.7% from the June 2016 average sales price which was $921,250.

Average days on the market increased NA% from NA in May to 28 in June. The June 2016 average days on the market were 68, an 54.8% decrease in market time versus the same time period last year.

Currently there are 30 active lot listings in the Cornelius MLS area, an increase of 3.4% from June. The average list price is $1,214,795, up 10.4% from June’s average list price of $1,100,479. 8 Cornelius lots are currently under contract, a 0% increase from June. Based on these numbers, 15 months of inventory, we are in a buyers 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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