Cornelius Real Estate Market Update May 2016

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

Cornelius Homes
In May 2016 50 homes sold in the Cornelius area, a 16.3% increase from the 43 homes sold in April. May 2016 sales figures decreased 9.1% from May 2015 when 55 homes sold in the Cornelius area.

The average sales price in Cornelius increased 3.9% from $443,690 in April to $461,000 in May. The May 2016 average sales price decreased 5% from the May 2015 average sales price which was $485,332.

Average days on the market increased 3.4% from 59 days in April to 61 days on the market in May. The May 2015 average days on the market were 54, a 13% increase in market time.

Currently there are 209 active homes for sale in the Cornelius MLS area, up 26% from May. The average list price is $968,882 down 6.7% from the May average list price of $1,038,423. 119 Cornelius homes are currently under contract, down 7% from May.

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 May 2016 28 condos/townhomes sold in the Cornelius area, a 27.3% increase from the 22 Cornelius condos or townhomes sold in April. May 2016 sales figures increased 3.7% from May 2015 when 27 Cornelius condos sold.

The average sales price increased 10% from $170,991 in April 2016 to $188,136 in May 2016. The May 2016 average sales price decreased 2% from the May 2015 average sales price which was $191,944.

Average days on the market increased 96% from 23 in April to 45 in May. May 2015 average days on the market were 54, a decrease of 16.7%.

Currently there are 63 active condo/townhomes for sale in the Cornelius MLS area, a 0% increase from the 63 Cornelius condos for sale in May. The average list price is $267,342, down 3.2% from May’s average list price of $276,226. 44 Cornelius condos/townhomes are currently under contract, a 10% decrease from May.

Cornelius Lots
In May 2016 2 lots sold in the Cornelius area, a 0% decrease from the 2 Cornelius lots sold in April. May 2016 sales figures decreased 33% from May 2015 when 3 Cornelius lots sold.

The average sales price increased 448% from $195,500 in April to $1,071,500 in May. The May 2016 average sales price increased 39.3% from the May 2015 average sales price which was $769,333.

Average days on the market decreased 89% from 118 in April to 13 in May. The May 2015 average days on the market were 270, a 95.2% decrease in market time versus the same time period last year.

Currently there are 37 active lot listings in the Cornelius MLS area, an increase of 8.8% from May. The average list price is $690,095, up 4.5% from May’s average list price of $660,118. 10 Cornelius lots are currently under contract, a 23.1% decrease from May.

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


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