Cornelius NC Real Estate

March 2016 Cornelius Real Estate Market Update

Cornelius Homes
In March 2016 50 homes sold in the Cornelius area, an 85% increase from the 27 homes sold in February. March 2016 sales figures increased 56.3% from March 2015 when 32 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 14.3% from $555,096 in February to $475,861 in March. The March 2016 average sales price increased 58.3% from the March 2015 average sales price which was $300,652.

Average days on the market decreased 28% from 100 days in February to 72 days on the market in March. The March 2015 average days on the market were 62, a 16.1% increase in market time.

Currently there are 157 active homes for sale in the Cornelius MLS area, up 15.4% from March. The average list price is $1,079,328 up 1.6% from the March average list price of $1,062,036. 113 Cornelius homes are currently under contract, up 19% from March.

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Cornelius Condos & Townhomes
In March 2016 23 condos/townhomes sold in the Cornelius area, a 4.2% decrease from the 24 Cornelius condos or townhomes sold in February. March 2016 sales figures increased 53.3% from March 2015 when 15 Cornelius condos sold.

The average sales price increased 27.4% from $161,693 in February 2016 to $205,978 in March 2016. The March 2016 average sales price increased 7.3% from the March 2015 average sales price which was $191,918.

Average days on the market increased 7.1% from 70 in February to 75 in March. March 2015 average days on the market were 54, an increase of 38.9%.

Currently there are 62 active condo/townhomes for sale in the Cornelius MLS area, a 19% increase from the 52 Cornelius condos for sale in March. The average list price is $278,037, up 5.5% from March’s average list price of $263,454. 52 Cornelius condos/townhomes are currently under contract, an 18.2% increase from March.

Cornelius Lots
In March 2016 3 lots sold in the Cornelius area, a 0% decrease from the 3 Cornelius lots sold in February. March 2016 sales figures increased 50% from March 2015 when 2 Cornelius lots sold.

The average sales price decreased 3.6% from $432,333 in February to $416,667 in March. The March 2016 average sales price decreased 1.4% from the March 2015 average sales price which was $422,700.

Average days on the market decreased 45.9% from 314 in February to 170 in March. The March 2015 average days on the market were 375, an 54.7% decrease in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius MLS area, an increase of 16.7% from March. The average list price is $724,804, up 2.4% from March’s average list price of $707,696. 12 Cornelius lots are currently under contract, a 0% increase from March.

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