Cornelius Real Estate Market Update December 2016

Cornelius Real Estate Market Update August 2014
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Cornelius Real Estate Market Stats for December 2016

Cornelius Homes
In December 2016 55 homes sold in the Cornelius area, a 48.6% increase from the 37 Cornelius homes sold in November. December 2016 sales figures increased 77.4% from December 2015 when 31 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 5.4% from $515,128 in November to $487,502 in December. The December 2016 average sales price decreased 15.1% from the December 2015 average sales price which was $574,141.

Average days on the market decreased 2.6% from 77 days in November to 75 days on the market in December. The December 2015 average days on the market were 72, a 4.2% increase in market time from one year ago.

Currently there are 151 active homes for sale in the Cornelius MLS area, down 5% from December and at the lowest available inventory on record. The average list price is $860,797 down .1% from the December average list price of $862,047. 64 Cornelius homes are currently under contract, down 1.5% from December. Based on these statistics, 2.8 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 December 2016 22 condos/townhomes sold in the Cornelius area, a 0% decrease from the 22 Cornelius condos or townhomes sold in November. December 2016 sales figures decreased 12% from December 2015 when 25 Cornelius condos sold.

The average sales price decreased 4.4% from $192,381 in November 2016 to $183,841 in December 2016. The December 2016 average sales price decreased 7.4% from the December 2015 average sales price which was $198,508.

Average days on the market increased 5.4% from 37 in November to 39 in December. December 2015 average days on the market were 50, an decrease of 22% market time from one year ago.

Currently there are 34 active condo/townhomes for sale in the Cornelius MLS area, a 24.4% decrease from the 45 Cornelius condos for sale in December. The average list price is $262,657, up .9% from December’s average list price of $260,334. 36 Cornelius condos/townhomes are currently under contract, a 33% increase from December. Based on these figures, 1.5 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In December 2016 3 lots sold in the Cornelius area, a 50% decrease from the 6 Cornelius lots sold in November. December 2016 sales figures increased 200% from December 2015 when 1 Cornelius lots sold.

The average sales price increased 46.1% from $630,833 in November to $921,667 in December. The December 2016 average sales price increased 365.5% from the December 2015 average sales price which was $198,000.

Average days on the market increased 111.7% from 111 in November to 235 in December. The December 2015 average days on the market were 7, a 3257% increase in market time versus the same time period last year.

Currently there are 26 active lot listings in the Cornelius MLS area, a decrease of 7.1% from December. The average list price is $832,762, up 4.5% from December’s average list price of $796,489. 9 Cornelius lots are currently under contract, a 0% decrease from December. Based on these numbers, 8.7 months of inventory, we are in a balanced 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


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