Cornelius NC Real Estate

July 2015 Cornelius Real Estate Market Update

Cornelius Homes
In July 2015 51 homes sold in the Cornelius area, a 4.1% increase from the 49 homes sold in June 2015. July 2015 sales figures decreased 15% from July 2014 when 60 homes sold in the Cornelius area.

The average sales price increased 6.6% from $472,511 in June to $503,852 in July. The July 2015 average sales price decreased 7.6% from the July 2014 average sales price which was $545,157.

Average days on the market decreased 31% from 87 days in June to 60 days on the market in July. The July 2014 average days on the market were 64, a 35.9% decrease in market time.

Currently there are 265 homes for sale in the Cornelius MLS area, down 1.1% from July. The average list price is $844,266 up .6% from the July average list price of $839,454. 87 Cornelius homes are currently under contract, down 7.5% from July.

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Cornelius Condos & Townhomes
In July 2015 45 condos/townhomes sold in the Cornelius area, a 55.2% increase from the 29 condos or townhomes sold in June 2015. July 2015 sales figures increased 66.7% from July 2014 when 27 Cornelius condos sold.

The average sales price increased 17% from $180,603 in June 2015 to $211,299 in July 2015. July 2015 average sales price decreased .6% from the July 2014 average sales price which was $212,575.

Average days on the market increased 35% from 43 in June to 58 in July. July 2014 average days on the market were 70, a decrease of 17.1%.

Currently there are 133 condo/townhomes for sale in the Cornelius MLS area, a 8.3% decrease from the 145 Cornelius condos for sale in July. The average list price is $212,256, down 1.8% from July’s average list price of $216,048. 50 Cornelius condos/townhomes are currently under contract, a 20.6% decrease from July.

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Cornelius Lots
In July 2015 1 lot sold in the Cornelius area, a 75% decrease from the 4 lots sold in June. July 2015 sales figures decreased 50% from July 2014 when 2 Cornelius lots sold.

The average sales price decreased 85.1% from $508,400 in June to $76,000 in July. July 2015 average sales price decreased 77.3% from the July 2014 average sales price which was $335,000.

Average days on the market increased 225% from 53 in June to 172 in July. July 2014 average days on the market were 266, a 35.3% decrease in market time versus the same time period last year.

Currently there are 46 lots for sale in the Cornelius MLS area, a decrease of 14.8% from July. The average list price is $667,854, up 3.3% from July’s average list price of $646,756. 9 Cornelius lots are currently under contract, a 12.5% increase from July.

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