Cornelius NC Real Estate

Cornelius Real Estate Market Stats for August 2017

Cornelius Homes
In August 2017 48 homes sold in the Cornelius area, a 29.4% decrease from the 68 Cornelius homes sold in July 2017. August 2017 sales figures decreased 17.2% from August 2016 when 58 homes sold in the Cornelius area.

The average sales price in Cornelius increased 3.2% from $483,318 in July to $498,631 in August. The August 2017 average sales price decreased 22% from the August 2016 average sales price which was $639,680.

Average days on the market increased 21.6% from 37 days in July to 45 days on the market in August. The August 2016 average days on the market were 74, a 39.2% decrease in market time from one year ago.

Currently there are 170 active homes for sale in the Cornelius MLS area, down 3.4% from August. The average list price is $1,021,022 up .8% from the August average list price of $1,013,130. 84 Cornelius homes are currently under contract, down 7.7% from August. Based on these statistics, 3.5 months of inventory, we are currently in a sellers market in Cornelius.

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Cornelius Condos & Townhomes
In August 2017 30 condos/townhomes sold in the Cornelius area, a 23.1% decrease from the 39 Cornelius condos or townhomes sold in July 2017. August 2017 sales figures increased 15.4% from August 2016 when 26 Cornelius condos sold.

The average sales price decreased 11% from $216,003 in July 2017 to $192,290 in August 2017. The August 2017 average sales price increased 3.5% from the August 2016 average sales price which was $185,717.

Average days on the market decreased 15.4% from 39 in July to 33 in August. August 2016 average days on the market were 45, a decrease of 26.7% market time from one year ago.

Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 25% increase from the 20 Cornelius condos for sale in August. The average list price is $263,524, down 1.7% from August’s average list price of $268,115. 24 Cornelius condos/townhomes are currently under contract, a 48% decrease from August. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In August 2017 3 lots sold in the Cornelius area, a 0% increase from the 3 Cornelius lots sold in July 2017. August 2017 sales figures increased 0% from August 2016 when 3 Cornelius lots sold.

The average sales price decreased 50.7% from $955,833 in July to $470,833 in August. The August 2017 average sales price increased 18.5% from the August 2016 average sales price which was $397,333.

Average days on the market increased 278% from 116 in July to 438 in August. The August 2016 average days on the market were 326, a 34.4% increase 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 12% from August. The average list price is $1,231,580, up .6% from August’s average list price of $1,224,610. 4 Cornelius lots are currently under contract, a 20% decrease from August. Based on these numbers, 9.3 months of inventory, we are in a balanced market for Cornelius lots for sale.

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