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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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Cornelius Real Estate Market Update June 2017

Cornelius Real Estate Market Report

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.

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