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Cornelius Real Estate Market Update February 2019

March 28, 2019 Market Watch

Cornelius Real Estate Market Stats for February 2019

Cornelius Homes
In February 2019 21 homes sold in the Cornelius real estate market, a 23.8% decrease from the 26 Cornelius homes sold in January 2019. February 2019 sales figures decreased 30% from February 2018 when 30 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased by 45.6% from $499,436 in January to $727,057 in February. February 2019 average sales price increased 16.8% from the February 2018 average sales price which was $622,621.

Average days on the market decreased by 24.7% from 96 days in January to 77 days on the market in February. The February 2018 average days on the market were 87, a 11.5% decrease in market time from one year ago.

Currently there are 142 active homes for sale in the Cornelius real estate market, up 7.5% from February. The average list price of active listings is $984,731 up .4% from the February average list price of $980,899. There are 73 Cornelius homes currently under contract, up 21% from February. Based on these statistics, 1.5 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 February 2019 12 condos/townhomes sold in the Cornelius real estate market, a 20% increase from the 10 Cornelius condos or townhomes sold in January 2019. February 2019 sales figures decreased 45.5% from February 2018 when 22 Cornelius condos sold.

The average sales price decreased by 2% from $241,400 in January to $236,675 in February. The February 2019 average sales price increased 23.4% from the February 2018 average sales price which was $191,857.

Average days on the market increased by 353% from 15 in January to 68 in February. The February 2018 average days on the market were 7, an increase of 871% market time from one year ago.

Currently there are 54 active condo/townhomes for sale in the Cornelius real estate market, a 0% increase from the 54 Cornelius condos for sale in February. The average list price is $334,709, up 1.1% from February’s average list price of $331,203. 36 Cornelius condos/townhomes are currently under contract, a 9% increase from February. Based on these figures, 1.3 months of inventory, we are currently in a seller’s market for Cornelius condos.

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

The average sales price increased 17.3% from $607,500 in January to $712,500 in February. The February 2019 average sales price decreased NA% from the February 2018 average sales price which was $NA.

Average days on the market increased 543% from 28 in January 2019 to 180 in February 2019. The February 2018 average days on the market were NA, a NA% decrease in market time versus the same time period last year.

Currently there are 16 active lot listings in the Cornelius real estate market, a decrease of 24% from February. The average list price is $870,425, up 36% from February’s average list price of $640,310. There are 10 Cornelius lots currently under contract, a 43% increase from February. 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 January 2019

February 24, 2019 Market Watch

Cornelius Real Estate Market Stats for January 2019

Cornelius Homes
In January 2019 26 homes sold in the Cornelius real estate market, a 39.5% decrease from the 43 Cornelius homes sold in December 2018. January 2019 sales figures decreased 25.7% from January 2018 when 35 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 3.4% from $517,246 in December to $499,436 in January. January 2019 average sales price increased 11% from the January 2018 average sales price which was $450,030.

Average days on the market increased 26.3% from 76 days in December to 96 days on the market in January. The January 2018 average days on the market were 48, a 100% increase in market time from one year ago.

Currently there are 133 active homes for sale in the Cornelius real estate market, up 11.8% from January. The average list price of active listings is $980,899 down .8% from the January average list price of $989,176. There are 58 Cornelius homes currently under contract, up 26% from January. Based on these statistics, 5.1 months of inventory, we are currently in a balanced 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 January 2019 10 condos/townhomes sold in the Cornelius real estate market, a 44.4% decrease from the 18 Cornelius condos or townhomes sold in December 2018. January 2019 sales figures decreased 16.7% from January 2018 when 12 Cornelius condos sold.

The average sales price increased 3.1% from $234,187 in December to $241,400 in January. The January 2019 average sales price increased 19.1% from the January 2018 average sales price which was $202,742.

Average days on the market decreased 69.4% from 49 in December to 15 in January. The January 2018 average days on the market were 16, a decrease of 6.3% market time from one year ago.

Currently there are 54 active condo/townhomes for sale in the Cornelius real estate market, a 10.2% increase from the 49 Cornelius condos for sale in January. The average list price is $331,203, down 3.8% from January’s average list price of $344,147. 33 Cornelius condos/townhomes are currently under contract, a 50% increase from January. Based on these figures, 5.4 months of inventory, we are currently in a balanced market for Cornelius condos.

Cornelius Lots
In January 2019 2 lots sold in the Cornelius area, a 200% increase from the 0 Cornelius lots sold in December 2018. January 2019 sales figures decreased 0% from January 2018 when 2 Cornelius lots sold.

The average sales price increased NA% from $NA in December to $607,500 in January. The January 2019 average sales price decreased 23.5% from the January 2018 average sales price which was $793,920.

Average days on the market increased NA% from 20 in December 2018 to 28 in January 2019. The January 2018 average days on the market were 81, an 65.4% decrease in market time versus the same time period last year.

Currently there are 21 active lot listings in the Cornelius real estate market, a decrease of 16% from January. The average list price is $640,310, up 4.1% from January’s average list price of $615,020. There are 7 Cornelius lots currently under contract, a 12.5% decrease from January. Based on these numbers, very limited Cornelius land inventory, we are in a sellers market for Cornelius lots for sale.