Cornelius Real Estate Market Update May 2016

Cornelius Real Estate Market Update August 2014

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.

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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.

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