Cornelius Real Estate Market Update December 2018

Cornelius Real Estate Market Report
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Cornelius Real Estate Market Stats for December 2018

Cornelius Homes
In December 2018 45 homes sold in the Cornelius real estate market, a 4.7% decrease from the 43 Cornelius homes sold in November 2018. December 2018 sales figures decreased 4.7% from December 2017 when 45 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 8.8% from $567,240 in November to $517,246 in December. December 2018 average sales price increased 1.8% from the December 2017 average sales price which was $508,109.

Average days on the market increased 8.6% from 70 days in November to 76 days on the market in December. The December 2017 average days on the market were 73, a 4.1% increase in market time from one year ago.

Currently there are 119 active homes for sale in the Cornelius real estate market, down 5.6% from December. The average list price of active listings is $989,176 up 1.2% from the December average list price of $977,599. There are 46 Cornelius homes currently under contract, up 15% from December. Based on these statistics, 2.6 months of inventory, we are currently in a sellers real estate 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 2018 18 condos/townhomes sold in the Cornelius real estate market, a 20% increase from the 15 Cornelius condos or townhomes sold in November. December 2018 sales figures decreased 5.3% from December 2017 when 19 Cornelius condos sold.

The average sales price decreased 3.9% from $243,593 in November to $234,187 in December. The December 2018 average sales price increased 3.4% from the December 2017 average sales price which was $226,397.

Average days on the market decreased 7.5% from 53 in November to 49 in December. The December 2017 average days on the market were 32, an increase of 53.1% market time from one year ago.

Currently there are 49 active condo/townhomes for sale in the Cornelius real estate market, a 6.5% increase from the 46 Cornelius condos for sale in December. The average list price is $344,147, down 5.7% from December’s average list price of $365,056. 22 Cornelius condos/townhomes are currently under contract, an 8.3% decrease from December. Based on these figures, 2.7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In December 0 lots sold in the Cornelius area, a 100% decrease from the 1 Cornelius lots sold in Cornelius. December 2018 sales figures decreased 100% from December 2017 when 2 Cornelius lots sold.

The average sales price decreased NA% from $160,000 in November to $NA in December. The December 2018 average sales price decreased NA% from the December 2017 average sales price which was $437,500.

Average days on the market increased NA% from 20 in November to NA in December. The December 2017 average days on the market were 55, an NA% decrease in market time versus the same time period last year.

Currently there are 25 active lot listings in the Cornelius real estate market, a decrease of 7.4% from December. The average list price is $615,020, down 11% from December’s average list price of $690,559. There are 8 Cornelius lots currently under contract, a 14% increase from December. Based on these numbers, very limited Cornelius land inventory, we are in a sellers market for Cornelius lots for sale.

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


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