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Cornelius Real Estate Market Update June 2019

July 24, 2019 Market Watch

Cornelius Real Estate Market Stats for June 2019

Cornelius Homes
In June 2019 69 homes sold in the Cornelius real estate market, a 15% increase from the 60 Cornelius homes sold in May 2019. June 2019 sales figures increased 11.3% from June 2018 when 62 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased by 41.1% from $510,944 in May to $721,121 in June. June 2019 average sales price increased 15.2% from the June 2018 average sales price which was $625,752.

Average days on the market increased by 62.2% from 37 days in May to 60 days on the market in June. The June 2018 average days on the market were 67, an 11.7% decrease in market time from one year ago.

Currently, there are 135 active homes for sale in the Cornelius real estate market, down 6.3% from June. The average list price of active listings is $935,089 down 4.7% from the June average list price of $980,868. There are 73 Cornelius homes currently under contract, down 26.3% from June. Based on these statistics, 2 months of inventory, we are currently in a seller’s real estate market in Cornelius.

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 June 2019 26 condos/townhomes sold in the Cornelius real estate market, a 0% increase from the 26 Cornelius condos or townhomes sold in May 2019. June 2019 sales figures decreased 21.1% from June 2018 when 33 Cornelius condos sold.

The average sales price decreased by 3.2% from $241,873 in May to $234,096 in June. The June 2019 average sales price increased 22.6% from the June 2018 average sales price which was $190,952.

Average days on the market increased by 22.9% from 35 in May to 43 in June. The June 2018 average days on the market were 17, an increase of 153% market time from one year ago.

Currently, there are 59 active condo/townhomes for sale in the Cornelius real estate market, a 6.3% decrease from the 63 Cornelius condos for sale in June. The average list price is $414,049, down 3.6% from June’s average list price of $429,420. 46 Cornelius condos/townhomes are currently under contract, a 7% increase from June. Based on these figures, 2.3 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In June 2019 2 lots sold in the Cornelius area, a 0% increase from the 2 Cornelius lots sold in May 2019. June 2019 sales figures increased 200% from June 2018 when 0 Cornelius lots sold.

The average sales price increased by 21.8% from $552,500 in May to $673,000 in June. The June 2019 average sales price increased NA% from the June 2018 average sales price which was $NA.

Average days on the market increased by 52.5% from 141 in May 2019 to 215 in June 2019. The June 2018 average days on the market were NA, an NA% increase in market time versus the same time period last year.

Currently, there are 27 active lot listings in the Cornelius real estate market, an increase of 12.5% from June. The average list price is $1,012,100, down 5.6% from June’s average list price of $1,072,071. There are 10 Cornelius lots currently under contract, an 11.1% increase from June. Based on these numbers, very limited Cornelius land inventory, we are in a seller’s market for Cornelius lots for sale.

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Cornelius Real Estate Market Update May 2019

June 27, 2019 Market Watch

Cornelius Real Estate Market Stats for May 2019

Cornelius Homes
In May 2019 60 homes sold in the Cornelius real estate market, a 66.7% increase from the 36 Cornelius homes sold in April 2019. May 2019 sales figures increased 5.3% from May 2018 when 57 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased by 14.5% from $597,350 in April to $510,944 in May. May 2019 average sales price decreased 12.4% from the May 2018 average sales price which was $583,489.

Average days on the market decreased by 38.3% from 60 days in April to 37 days on the market in May. The May 2018 average days on the market were 67, a 44.8% decrease in market time from one year ago.

Currently, there are 144 active homes for sale in the Cornelius real estate market, down 5.9% from May. The average list price of active listings is $980,868 up 4.3% from the May average list price of $940,063. There are 99 Cornelius homes currently under contract, down 4.8% from May. Based on these statistics, 2.4 months of inventory, we are currently in a seller’s real estate market in Cornelius.

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 2019 26 condos/townhomes sold in the Cornelius real estate market, a 30% increase from the 20 Cornelius condos or townhomes sold in April 2019. May 2019 sales figures decreased 16.1% from May 2018 when 31 Cornelius condos sold.

The average sales price increased by 5.7% from $228,827 in April to $241,873 in May. The May 2019 average sales price increased 13.9% from the May 2018 average sales price which was $212,437.

Average days on the market decreased by 10.3% from 39 in April to 35 in May. The May 2018 average days on the market were 20, an increase of 75% market time from one year ago.

Currently, there are 63 active condo/townhomes for sale in the Cornelius real estate market, a 3.3% increase from the 61 Cornelius condos for sale in May. The average list price is $429,420, up 47.3% from May’s average list price of $291,483. 43 Cornelius condos/townhomes are currently under contract, a 16.2% increase from May. Based on these figures, 2.4 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In May 2019 2 lots sold in the Cornelius area, a 100% increase from the 1 Cornelius lots sold in April 2019. May 2019 sales figures increased 100% from May 2018 when 1 Cornelius lots sold.

The average sales price increased by 245% from $160,000 in April to $552,500 in May. The May 2019 average sales price increased 402% from the May 2018 average sales price which was $110,000.

Average days on the market decreased by 48% from 271 in April 2019 to 141 in May 2019. The May 2018 average days on the market were 11, a 1182% increase in market time versus the same time period last year.

Currently, there are 24 active lot listings in the Cornelius real estate market, an increase of 14.3% from May. The average list price is $1,072,071, up 22.6% from May’s average list price of $874,367. There are 9 Cornelius lots currently under contract, a 12.5% increase from May. Based on these numbers, very limited Cornelius land inventory, we are in a seller’s market for Cornelius lots for sale.