Cornelius Real Estate Market Update November 2016

Cornelius Real Estate Market Update August 2014
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Cornelius Real Estate Market Stats for November 2016

Cornelius Homes
In November 2016 37 homes sold in the Cornelius area, a 19.6% decrease from the 47 Cornelius homes sold in October. November 2016 sales figures decreased 14% from November 2015 when 43 homes sold in the Cornelius area.

The average sales price in Cornelius increased 16.5% from $442,170 in October to $515,128 in November. The November 2016 average sales price increased 8.2% from the November 2015 average sales price which was $476,102.

Average days on the market increased 71.1% from 45 days in October to 77 days on the market in November. The November 2015 average days on the market were 53, a 45.3% increase in market time from one year ago.

Currently there are 159 active homes for sale in the Cornelius MLS area, down 9.1% from November. The average list price is $862,047 down .2 from the November average list price of $863,434. 65 Cornelius homes are currently under contract, down 27.8% from November.

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 November 2016 22 condos/townhomes sold in the Cornelius area, a 15.4% decrease from the 26 Cornelius condos or townhomes sold in October. November 2016 sales figures increased 46.7% from November 2015 when 15 Cornelius condos sold.

The average sales price decreased 3.8% from $199,916 in October 2016 to $192,381 in November 2016. The November 2016 average sales price increased 12.5% from the November 2015 average sales price which was $170,993.

Average days on the market decreased 33.9% from 56 in October to 37 in November. November 2015 average days on the market were 64, an decrease of 42.2% market time from one year ago.

Currently there are 45 active condo/townhomes for sale in the Cornelius MLS area, a 15% decrease from the 53 Cornelius condos for sale in November. The average list price is $260,334, up 1% from November’s average list price of $257,690. 27 Cornelius condos/townhomes are currently under contract, a 27% decrease from November.

Cornelius Lots
In November 2016 6 lots sold in the Cornelius area, a 100% increase from the 3 Cornelius lots sold in October. November 2016 sales figures increased 100% from November 2015 when 3 Cornelius lots sold.

The average sales price increased 597% from $90,500 in October to $630,833 in November. The November 2016 average sales price increased 42.3% from the November 2015 average sales price which was $443,333.

Average days on the market decreased 25% from 148 in October to 111 in November. The November 2015 average days on the market were 223, a 50.2% decrease in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius MLS area, a decrease of 9.7% from November. The average list price is $796,489, down 5.4% from November’s average list price of $841,781. 9 Cornelius lots are currently under contract, a 10% decrease from November.

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


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