Tag Archives: cornelius property values

Cornelius Real Estate Market Update August 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for August 2017

Cornelius Homes
In August 2017 48 homes sold in the Cornelius area, a 29.4% decrease from the 68 Cornelius homes sold in July 2017. August 2017 sales figures decreased 17.2% from August 2016 when 58 homes sold in the Cornelius area.

The average sales price in Cornelius increased 3.2% from $483,318 in July to $498,631 in August. The August 2017 average sales price decreased 22% from the August 2016 average sales price which was $639,680.

Average days on the market increased 21.6% from 37 days in July to 45 days on the market in August. The August 2016 average days on the market were 74, a 39.2% decrease in market time from one year ago.

Currently there are 170 active homes for sale in the Cornelius MLS area, down 3.4% from August. The average list price is $1,021,022 up .8% from the August average list price of $1,013,130. 84 Cornelius homes are currently under contract, down 7.7% from August. Based on these statistics, 3.5 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 August 2017 30 condos/townhomes sold in the Cornelius area, a 23.1% decrease from the 39 Cornelius condos or townhomes sold in July 2017. August 2017 sales figures increased 15.4% from August 2016 when 26 Cornelius condos sold.

The average sales price decreased 11% from $216,003 in July 2017 to $192,290 in August 2017. The August 2017 average sales price increased 3.5% from the August 2016 average sales price which was $185,717.

Average days on the market decreased 15.4% from 39 in July to 33 in August. August 2016 average days on the market were 45, a decrease of 26.7% market time from one year ago.

Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 25% increase from the 20 Cornelius condos for sale in August. The average list price is $263,524, down 1.7% from August’s average list price of $268,115. 24 Cornelius condos/townhomes are currently under contract, a 48% decrease from August. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In August 2017 3 lots sold in the Cornelius area, a 0% increase from the 3 Cornelius lots sold in July 2017. August 2017 sales figures increased 0% from August 2016 when 3 Cornelius lots sold.

The average sales price decreased 50.7% from $955,833 in July to $470,833 in August. The August 2017 average sales price increased 18.5% from the August 2016 average sales price which was $397,333.

Average days on the market increased 278% from 116 in July to 438 in August. The August 2016 average days on the market were 326, a 34.4% increase in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius MLS area, an increase of 12% from August. The average list price is $1,231,580, up .6% from August’s average list price of $1,224,610. 4 Cornelius lots are currently under contract, a 20% decrease from August. Based on these numbers, 9.3 months of inventory, we are in a balanced market for Cornelius lots for sale.

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Cornelius Real Estate Market Update July 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for July 2017

Cornelius Homes
In July 2017 67 homes sold in the Cornelius area, a 9.5% decrease from the 74 Cornelius homes sold in June 2017. July 2017 sales figures increased 59.5% from July 2016 when 42 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 13.4% from $564,888 in June to $488,993 in July. The July 2017 average sales price decreased 20.4% from the July 2016 average sales price which was $614,653.

Average days on the market decreased 38.3% from 60 days in June to 37 days on the market in July. The July 2016 average days on the market were 80, a 53.8% decrease in market time from one year ago.

Currently there are 176 active homes for sale in the Cornelius MLS area, down 6.9% from July. The average list price is $1,013,130 down 1.5% from the July average list price of $1,028,261. 91 Cornelius homes are currently under contract, up 3.4% from July. Based on these statistics, 4 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 July 2017 39 condos/townhomes sold in the Cornelius area, a 14.7% increase from the 34 Cornelius condos or townhomes sold in June 2017. July 2017 sales figures increased 50% from July 2016 when 26 Cornelius condos sold.

The average sales price decreased .5% from $217,172 in June 2017 to $216,003 in July 2017. The July 2017 average sales price decreased 7.2% from the July 2016 average sales price which was $232,756.

Average days on the market increased 25.8% from 31 in June to 39 in July. July 2016 average days on the market were 45, a decrease of 13.3% market time from one year ago.

Currently there are 20 active condo/townhomes for sale in the Cornelius MLS area, a 20% decrease from the 25 Cornelius condos for sale in July. The average list price is $268,115, down 4.7% from July’s average list price of $281,308. 46 Cornelius condos/townhomes are currently under contract, a 2.2% increase from July. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In July 2017 3 lots sold in the Cornelius area, a 50% increase from the 2 Cornelius lots sold in June 2017. July 2017 sales figures increased 200% from July 2016 when 1 Cornelius lots sold.

The average sales price decreased 23.5% from $1,250,000 in June to $955,833 in July. The July 2017 average sales price increased 429.5% from the July 2016 average sales price which was $180,500.

Average days on the market increased 314% from 28 in June to 116 in July. The July 2016 average days on the market were 338, a 65.7% decrease in market time versus the same time period last year.

Currently there are 25 active lot listings in the Cornelius MLS area, an decrease of 16.7% from July. The average list price is $1,224,610, up .8% from July’s average list price of $1,214,795. 5 Cornelius lots are currently under contract, a 37.5% decrease from July. Based on these numbers, 10 months of inventory, we are in a balanced market for Cornelius lots for sale.

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