Cornelius Real Estate Market Update February 2016

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

Cornelius Homes
In February 2016 27 homes sold in the Cornelius area, a 3.8% increase from the 26 homes sold in January. February 2016 sales figures increased 17.4% from February 2015 when 23 homes sold in the Cornelius area.

The average sales price in Cornelius increased 28.5% from $431,387 in January to $555,096 in February. The February 2016 average sales price increased 7.1% from the February 2015 average sales price which was $518,077.

Average days on the market increased 40.8% from 71 days in January to 100 days on the market in February. The February 2015 average days on the market were 84, a 19% increase in market time.

Currently there are 136 active homes for sale in the Cornelius MLS area, down 2.9% from February. The average list price is $1,062,036 up 5.9% from the February average list price of $1,003,026. 95 Cornelius homes are currently under contract, up 2.2% from February.

It is a great time to sell! Request a free market analysis or keep updated on the Cornelius real estate market for free at LakeNormanHomePrices.com

Cornelius Condos & Townhomes
In February 2016 23 condos/townhomes sold in the Cornelius area, a 130% increase from the 10 Cornelius condos or townhomes sold in January. February 2016 sales figures decreased 43.8% from February 2015 when 16 Cornelius condos sold.

The average sales price decreased 6.5% from $175,756 in January 2016 to $164,245 in February 2016. The February 2016 average sales price decreased 6.8% from the February 2015 average sales price which was $176,160.

Average days on the market increased 79% from 38 in January to 68 in February. February 2015 average days on the market were 70, a decrease of 2.9%.

Currently there are 52 active condo/townhomes for sale in the Cornelius MLS area, a 5.5% decrease from the 55 Cornelius condos for sale in February. The average list price is $263,454, up .02% from February’s average list price of $263,393. 44 Cornelius condos/townhomes are currently under contract, a 15.8% increase from February.

Cornelius Lots
In February 2016 3 lots sold in the Cornelius area, a 300% decrease from the 0 Cornelius lots sold in January. February 2016 sales figures increased 200% from February 2015 when 1 Cornelius lots sold.

The average sales price decreased N/A% from $N/A in January to $432,333 in February. The February 2016 average sales price increased 380% from the February 2015 average sales price which was $90,000.

Average days on the market decreased N/A% from N/A in January to 314 in February. The February 2015 average days on the market were 166, an 89.2% increase in market time versus the same time period last year.

Currently there are 24 active lot listings in the Cornelius MLS area, an increase of 9% from February. The average list price is $707,696, down 9.6% from February’s average list price of $782,809. 12 Cornelius lots are currently under contract, a 0% increase from February.

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


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