Cornelius NC Real Estate

December 2015 Cornelius Real Estate Market Update

Cornelius Homes
In December 2015 31 homes sold in the Cornelius area, a 28% decrease from the 43 homes sold in November 2015. December 2015 sales figures decreased 34% from December 2014 when 37 homes sold in the Cornelius area.

The average sales price increased 20.6% from $476,102 in November to $574,141 in December. The December 2015 average sales price increased 18.8% from the December 2014 average sales price which was $483,286.

Average days on the market increased 35.8% from 53 days in November to 72 days on the market in December. The December 2014 average days on the market were 64, a 12.5% increase in market time.

Currently there are 197 homes for sale in the Cornelius MLS area, down 11.3% from December. The average list price is $878,899 down .8% from the December average list price of $886,361. 68 Cornelius homes are currently under contract, down 5.5% from December.

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Cornelius Condos & Townhomes
In December 2015 25 condos/townhomes sold in the Cornelius area, a 66.7% increase from the 15 condos or townhomes sold in November 2015. December 2015 sales figures increased 78.6% from December 2014 when 14 Cornelius condos sold.

The average sales price increased 16.1% from $170,993 in November 2015 to $198,508 in December 2015. December 2015 average sales price increased 28.2% from the December 2014 average sales price which was $154,836.

Average days on the market decreased 21.9% from 64 in November to 50 in December. December 2014 average days on the market were 91, a decrease of 45.1%.

Currently there are 79 condo/townhomes for sale in the Cornelius MLS area, a 14% decrease from the 92 Cornelius condos for sale in December. The average list price is $220,726, up 4% from December’s average list price of $212,287. 18 Cornelius condos/townhomes are currently under contract, a 42% decrease from December.

Cornelius Lots
In December 2015 1 lots sold in the Cornelius area, a 67% decrease from the 3 Cornelius lots sold in November. December 2015 sales figures decreased 80% from December 2014 when 5 Cornelius lots sold.

The average sales price decreased 54.3% from $433,333 in November to $198,000 in December. December 2015 average sales price decreased 50.5% from the December 2014 average sales price which was $400,300.

Average days on the market decreased 97% from 223 in November to 7 in December. December 2014 average days on the market were 139, a 95% decrease in market time versus the same time period last year.

Currently there are 34 lots for sale in the Cornelius MLS area, a decrease of 10.5% from December. The average list price is $720,141, up 2.8% from December’s average list price of $700,497. 9 Cornelius lots are currently under contract, a 12.5% increase from December.

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