Cornelius Real Estate Market Update August 2016

Cornelius Real Estate Market Update August 2014
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August 2016 Cornelius Real Estate Market Update

Cornelius Homes
In August 2016 58 homes sold in the Cornelius area, a 38.1% increase from the 42 homes sold in July. August 2016 sales figures increased 38.1% from August 2015 when 42 homes sold in the Cornelius area.

The average sales price in Cornelius increased 4.1% from $614,653 in July to $639,749 in August, the highest average sales price for any month on record. The August 2016 average sales price increased 23.9% from the August 2015 average sales price which was $516,179.

Average days on the market decreased 7.5% from 80 days in July to 74 days on the market in August. The August 2015 average days on the market were 64, a 19.4% increase in market time.

Currently there are 208 active homes for sale in the Cornelius MLS area, up .4% from August. The average list price is $895,638 down 4.7% from the August average list price of $940,136. 96 Cornelius homes are currently under contract, down 14.3% from August.

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 2016 26 condos/townhomes sold in the Cornelius area, a 0% decrease from the 26 Cornelius condos or townhomes sold in July. August 2016 sales figures increased 13% from August 2015 when 23 Cornelius condos sold.

The average sales price decreased 20.2% from $232,756 in July 2016 to $185,717 in August 2016. The August 2016 average sales price decreased 13.2% from the August 2015 average sales price which was $214,082.

Average days on the market decreased 0% from 45 in July to 45 in August. August 2015 average days on the market were 56, a decrease of 19.6%.

Currently there are 57 active condo/townhomes for sale in the Cornelius MLS area, a 17.4% decrease from the 69 Cornelius condos for sale in August. The average list price is $242,284, up 1.3% from August’s average list price of $239,212. 50 Cornelius condos/townhomes are currently under contract, a 16.3% increase from August.

Cornelius Lots
In August 2016 3 lots sold in the Cornelius area, a 200% increase from the 1 Cornelius lots sold in July. August 2016 sales figures increased 50% from August 2015 when 2 Cornelius lots sold.

The average sales price increased 120% from $180,500 in July to $397,333 in August. The August 2016 average sales price increased 3.7% from the August 2015 average sales price which was $383,000.

Average days on the market decreased 3.6% from 338 in July to 326 in August. The August 2015 average days on the market were 34, an 859% increase in market time versus the same time period last year.

Currently there are 36 active lot listings in the Cornelius MLS area, a decrease of 2.7% from August. The average list price is $795,131, up 5.5% from August’s average list price of $753,854. 13 Cornelius lots are currently under contract, a 7.1% decrease from August.

Would you like to stay up to date on the Cornelius real estate market: Free Cornelius Real Estate Market Updates


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