Cornelius Real Estate Market Update November 2016

Cornelius Real Estate Market Update August 2014

Cornelius Real Estate Market Stats for November 2016

Cornelius Homes
In November 2016 37 homes sold in the Cornelius area, a 19.6% decrease from the 47 Cornelius homes sold in October. November 2016 sales figures decreased 14% from November 2015 when 43 homes sold in the Cornelius area.

The average sales price in Cornelius increased 16.5% from $442,170 in October to $515,128 in November. The November 2016 average sales price increased 8.2% from the November 2015 average sales price which was $476,102.

Average days on the market increased 71.1% from 45 days in October to 77 days on the market in November. The November 2015 average days on the market were 53, a 45.3% increase in market time from one year ago.

Currently there are 159 active homes for sale in the Cornelius MLS area, down 9.1% from November. The average list price is $862,047 down .2 from the November average list price of $863,434. 65 Cornelius homes are currently under contract, down 27.8% from November.

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Cornelius Condos & Townhomes
In November 2016 22 condos/townhomes sold in the Cornelius area, a 15.4% decrease from the 26 Cornelius condos or townhomes sold in October. November 2016 sales figures increased 46.7% from November 2015 when 15 Cornelius condos sold.

The average sales price decreased 3.8% from $199,916 in October 2016 to $192,381 in November 2016. The November 2016 average sales price increased 12.5% from the November 2015 average sales price which was $170,993.

Average days on the market decreased 33.9% from 56 in October to 37 in November. November 2015 average days on the market were 64, an decrease of 42.2% market time from one year ago.

Currently there are 45 active condo/townhomes for sale in the Cornelius MLS area, a 15% decrease from the 53 Cornelius condos for sale in November. The average list price is $260,334, up 1% from November’s average list price of $257,690. 27 Cornelius condos/townhomes are currently under contract, a 27% decrease from November.

Cornelius Lots
In November 2016 6 lots sold in the Cornelius area, a 100% increase from the 3 Cornelius lots sold in October. November 2016 sales figures increased 100% from November 2015 when 3 Cornelius lots sold.

The average sales price increased 597% from $90,500 in October to $630,833 in November. The November 2016 average sales price increased 42.3% from the November 2015 average sales price which was $443,333.

Average days on the market decreased 25% from 148 in October to 111 in November. The November 2015 average days on the market were 223, a 50.2% decrease in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius MLS area, a decrease of 9.7% from November. The average list price is $796,489, down 5.4% from November’s average list price of $841,781. 9 Cornelius lots are currently under contract, a 10% decrease from November.

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