Cornelius NC Real Estate

November 2015 Cornelius Real Estate Market Update

Cornelius Homes
In November 2015 42 homes sold in the Cornelius area, a 0% decrease from the 42 homes sold in October 2015. November 2015 sales figures increased 40% from November 2014 when 30 homes sold in the Cornelius area.

The average sales price increased 11% from $431,539 in October to $479,223 in November. The November 2015 average sales price increased 7% from the October 2014 average sales price which was $447,781.

Average days on the market decreased 10% from 60 days in October to 54 days on the market in November. The November 2014 average days on the market were 63, a 14.3% decrease in market time.

Currently there are 222 homes for sale in the Cornelius MLS area, down 11.6% from November. The average list price is $886,361 down .1% from the November average list price of $887,369. 72 Cornelius homes are currently under contract, down 8.9% from November.

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Cornelius Condos & Townhomes
In November 2015 15 condos/townhomes sold in the Cornelius area, a 53.1% decrease from the 32 condos or townhomes sold in October 2015. November 2015 sales figures increased 0% from November 2014 when 15 Cornelius condos sold.

The average sales price decreased 11.3% from $192,715 in October 2015 to $170,993 in November 2015. November 2015 average sales price decreased 14.7% from the November 2014 average sales price which was $200,374.

Average days on the market increased 52.4% from 42 in October to 64 in November. November 2014 average days on the market were 53, an increase of 20.8%.

Currently there are 92 condo/townhomes for sale in the Cornelius MLS area, a 0% decrease from the 92 Cornelius condos for sale in November. The average list price is $212,287, down 1.9% from November’s average list price of $216,473. 31 Cornelius condos/townhomes are currently under contract, a 3.3% increase from November.

Cornelius Lots
In November 2015 2 lots sold in the Cornelius area, a 0% decrease from the 2 Cornelius lots sold in October. November 2015 sales figures increased 100% from November 2014 when 1 Cornelius lots sold.

The average sales price increased 51.9% from $395,000 in October to $600,000 in November. November 2015 average sales price decreased 28.1% from the November 2014 average sales price which was $835,000.

Average days on the market increased 7.7% from 271 in October to 292 in November. November 2014 average days on the market were 88, a 231.8% decrease in market time versus the same time period last year.

Currently there are 38 lots for sale in the Cornelius MLS area, a decrease of 5% from November. The average list price is $700,497, up 4.8% from November’s average list price of $668,173. 8 Cornelius lots are currently under contract, a 27.3% decrease from November.

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