Cornelius Real Estate Market Update July 2018

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

Cornelius Homes
In July 2018 61 homes sold in the Cornelius real estate market, a 1.6% decrease from the 62 Cornelius homes sold in June 2018. July 2018 sales figures decreased 10.3% from July 2017 when 68 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 25% from $625,752 in June to $469,793 in July. July 2018 average sales price decreased 2.8% from the July 2017 average sales price which was $483,171.

Average days on the market decreased 45% from 67 days in June to 37 days on the market in July. The July 2017 average days on the market were also 37, a 0% increase in market time from one year ago.

Currently there are 165 active homes for sale in the Cornelius real estate market, up 1.2% from July. The average list price of active listings is $956,151 down .9% from the July average list price of $959,352. 80 Cornelius homes are currently under contract, down 27.3% from July. Based on these statistics, 2.7 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 July 2018 40 condos/townhomes sold in the Cornelius real estate market, a 21.2% increase from the 33 Cornelius condos or townhomes sold in June. July 2018 sales figures increased 2.6% from July 2017 when 39 Cornelius condos sold.

The average sales price increased 18.6% from $190,952 in June to $226,478 in July. The July 2018 average sales price increased 4.9% from the July 2017 average sales price which was $216,003.

Average days on the market decreased 29% from 17 in June to 12 in July. The July 2017 average days on the market were 39, a decrease of 69.2% market time from one year ago.

Currently there are 46 active condo/townhomes for sale in the Cornelius real estate market, a 7% increase from the 43 Cornelius condos for sale in July. The average list price is $369,448, down 1.9% from July’s average list price of $376,635. 35 Cornelius condos/townhomes are currently under contract, a 5.4% decrease from July. Based on these figures, 1.2 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In July 1 lots sold in the Cornelius area, a 100% increase from the 0 Cornelius lots sold in June. July 2018 sales figures decreased 67% from July 2017 when 3 Cornelius lots sold.

The average sales price decreased NA% from $NA in June to $195,000 in July. The July 2018 average sales price decreased 80% from the July 2017 average sales price which was $955,833.

Average days on the market increased NA% from NA in June to 103 in July. The July 2017 average days on the market were 116, an 11% decrease in market time versus the same time period last year.

Currently there are 31 active lot listings in the Cornelius real estate market, a decrease of 11% from July. The average list price is $788,995, down 2% from July’s average list price of $804,867. 8 Cornelius lots are currently under contract, an 11% decrease from July. Based on these numbers, 31 months of inventory, we are in a buyers 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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