Cornelius Real Estate Market Update February 2018

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for January 2018

Cornelius Homes
In February 2018 30 homes sold in the Cornelius area, a 14.3% decrease from the 35 Cornelius homes sold in January 2018. February 2018 sales figures increased 36.4% from February 2017 when 22 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 38.4% from $450,030 in January to $622,621 in February. The February 2018 average sales price increased 52.5% from the February 2017 average sales price which was $408,185.

Average days on the market increased 81.3% from 48 days in January to 87 days on the market in February. The February 2017 average days on the market were 80, an 8.8% increase in market time from one year ago.

Currently there are 149 active homes for sale in the Cornelius real estate market, up 20% from February. The average list price is $968,330 down 12.7% from the February average list price of $1,108,690. 101 Cornelius homes are currently under contract, up 36% from February. Based on these statistics, 5 months of inventory, we are currently in a balanced real estate 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 2018 22 condos/townhomes sold in the Cornelius real estate market, an 83% increase from the 12 Cornelius condos or townhomes sold in January. February 2018 sales figures increased 4.8% from February 2017 when 21 Cornelius condos sold.

The average sales price decreased 5.4% from $202,742 in January to $191,857 in February. The February 2018 average sales price decreased 14.1% from the February 2017 average sales price which was $223,238.

Average days on the market decreased 56.3% from 16 in January to 7 in February. February 2017 average days on the market were 56, a decrease of 87.5% market time from one year ago.

Currently there are 29 active condo/townhomes for sale in the Cornelius real estate market, a 38.1% increase from the 21 Cornelius condos for sale in February. The average list price is $254,722, down 10.2% from February’s average list price of $283,638. 36 Cornelius condos/townhomes are currently under contract, a 20% increase from February. Based on these figures, 1.3 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In February 1 lots sold in the Cornelius area, a 50% decrease from the 2 Cornelius lots sold in January. February 2018 sales figures decreased 67% from February 2017 when 3 Cornelius lots sold.

The average sales price increased 28.5% from $793,920 in January to $1,020,000 in February. The February 2018 average sales price increased 95.8% from the February 2017 average sales price which was $520,917.

Average days on the market increased 28.4% from 81 in January to 104 in February. The February 2017 average days on the market were 199, a 47.7% decrease in market time versus the same time period last year.

Currently there are 30 active lot listings in the Cornelius real estate market, an increase of 36.4% from February. The average list price is $844,584, down 1.9% from February’s average list price of $860,839. 4 Cornelius lots are currently under contract, a 20% decrease from February. Based on these numbers, 30 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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