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Cornelius Real Estate Market Update May 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for May 2017

Cornelius Homes
In May 2017 53 homes sold in the Cornelius area, a 1.9% increase from the 52 Cornelius homes sold in April 2017. May 2017 sales figures increased 1.9% from May 2016 when 53 homes sold in the Cornelius area.

The average sales price in Cornelius increased 37.2% from $442,267 in April to $606,700 in May. The May 2017 average sales price increased 33.4% from the May 2016 average sales price which was $454,730.

Average days on the market increased 20.3 from 64 days in April to 77 days on the market in May. The May 2016 average days on the market were 61, a 26.2% increase in market time from one year ago.

Currently there are 196 active homes for sale in the Cornelius MLS area, up 8.3% from May. The average list price is $929,595 down 7.4% from the May average list price of $1,003,619. 110 Cornelius homes are currently under contract, down 5.2% from May. Based on these statistics, 3.6 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 May 2017 38 condos/townhomes sold in the Cornelius area, an 18.8% increase from the 32 Cornelius condos or townhomes sold in April 2017. May 2017 sales figures increased 35.7% from May 2016 when 28 Cornelius condos sold.

The average sales price decreased 12.7% from $225,505 in April 2017 to $196,947 in May 2017. The May 2017 average sales price increased 4.7% from the May 2016 average sales price which was $188,136.

Average days on the market decreased 20.5% from 39 in April to 31 in May. May 2016 average days on the market were 45, a decrease of 31.1% market time from one year ago.

Currently there are 18 active condo/townhomes for sale in the Cornelius MLS area, a 48.6% decrease from the 35 Cornelius condos for sale in May. The average list price is $264,205, up 3% from May’s average list price of $256,403. 54 Cornelius condos/townhomes are currently under contract, a 14.9% increase from May. Based on these figures, .5 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In May 2017 0 lots sold in the Cornelius area, a 100% deincrease from the 4 Cornelius lots sold in April 2017. May 2017 sales figures decreased 100% from May 2016 when 2 Cornelius lots sold.

The average sales price increased NA% from $535,000 in April to $NA in May. The May 2017 average sales price decreased NA% from the May 2016 average sales price which was $1,071,500.

Average days on the market increased NA% from 211 in April to NA in May. The May 2016 average days on the market were 13, an NA% increase in market time versus the same time period last year.

Currently there are 29 active lot listings in the Cornelius MLS area, a decrease of 9.4% from May. The average list price is $1,100,479, down 2.7% from May’s average list price of $1,131,416. 8 Cornelius lots are currently under contract, a 33% increase from May. Based on these numbers, 29 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

Cornelius Real Estate Market Update April 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for April 2017

Cornelius Homes
In April 2017 52 homes sold in the Cornelius area, a 2% increase from the 51 Cornelius homes sold in March 2017. April 2017 sales figures increased 20.9% from April 2016 when 43 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 16.3% from $528,148 in March to $442,267 in April. The April 2017 average sales price decreased .3% from the April 2016 average sales price which was $443,690.

Average days on the market decreased 11.1% from 72 days in March to 64 days on the market in April. The April 2016 average days on the market were 59, an 8.5% increase in market time from one year ago.

Currently there are 181 active homes for sale in the Cornelius MLS area, up 1.7% from April. The average list price is $1,003,619 up 1.1% from the April average list price of $992,865. 116 Cornelius homes are currently under contract, up 12.6% from April. 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 April 2017 32 condos/townhomes sold in the Cornelius area, a 13.5% decrease from the 37 Cornelius condos or townhomes sold in March 2017. April 2017 sales figures increased 45.5% from April 2016 when 22 Cornelius condos sold.

The average sales price increased 12.3% from $200,885 in March 2017 to $225,505 in April 2017. The April 2017 average sales price increased 31.9% from the April 2016 average sales price which was $170,991.

Average days on the market decreased 17% from 47 in March to 39 in April. April 2016 average days on the market were 23, an increase of 69.6% market time from one year ago.

Currently there are 35 active condo/townhomes for sale in the Cornelius MLS area, a 6.1% increase from the 33 Cornelius condos for sale in April. The average list price is $256,403, down 3.7% from April’s average list price of $266,368. 47 Cornelius condos/townhomes are currently under contract, a 4.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In April 2017 4 lots sold in the Cornelius area, a 300% increase from the 1 Cornelius lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius lots sold.

The average sales price increased 146% from $217,500 in March to $535,000 in April. The April 2017 average sales price increased 174% from the April 2016 average sales price which was $195,500.

Average days on the market increased 230% from 64 in March to 211 in April. The April 2016 average days on the market were 118, a 78.8% increase in market time versus the same time period last year.

Currently there are 31 active lot listings in the Cornelius MLS area, an decrease of 3% from April. The average list price is $1,131,416, down 6.3% from April’s average list price of $1,207,653. 6 Cornelius lots are currently under contract, a 20% increase from April. Based on these numbers, 7.8 months of inventory, we are in a balanced market for Cornelius lots for sale.

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