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Cornelius Real Estate Market Update December 2018

January 23, 2019 Market Watch

Cornelius Real Estate Market Stats for December 2018

Cornelius Homes
In December 2018 45 homes sold in the Cornelius real estate market, a 4.7% decrease from the 43 Cornelius homes sold in November 2018. December 2018 sales figures decreased 4.7% from December 2017 when 45 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 8.8% from $567,240 in November to $517,246 in December. December 2018 average sales price increased 1.8% from the December 2017 average sales price which was $508,109.

Average days on the market increased 8.6% from 70 days in November to 76 days on the market in December. The December 2017 average days on the market were 73, a 4.1% increase in market time from one year ago.

Currently there are 119 active homes for sale in the Cornelius real estate market, down 5.6% from December. The average list price of active listings is $989,176 up 1.2% from the December average list price of $977,599. There are 46 Cornelius homes currently under contract, up 15% from December. Based on these statistics, 2.6 months of inventory, we are currently in a sellers 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 December 2018 18 condos/townhomes sold in the Cornelius real estate market, a 20% increase from the 15 Cornelius condos or townhomes sold in November. December 2018 sales figures decreased 5.3% from December 2017 when 19 Cornelius condos sold.

The average sales price decreased 3.9% from $243,593 in November to $234,187 in December. The December 2018 average sales price increased 3.4% from the December 2017 average sales price which was $226,397.

Average days on the market decreased 7.5% from 53 in November to 49 in December. The December 2017 average days on the market were 32, an increase of 53.1% market time from one year ago.

Currently there are 49 active condo/townhomes for sale in the Cornelius real estate market, a 6.5% increase from the 46 Cornelius condos for sale in December. The average list price is $344,147, down 5.7% from December’s average list price of $365,056. 22 Cornelius condos/townhomes are currently under contract, an 8.3% decrease from December. Based on these figures, 2.7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In December 0 lots sold in the Cornelius area, a 100% decrease from the 1 Cornelius lots sold in Cornelius. December 2018 sales figures decreased 100% from December 2017 when 2 Cornelius lots sold.

The average sales price decreased NA% from $160,000 in November to $NA in December. The December 2018 average sales price decreased NA% from the December 2017 average sales price which was $437,500.

Average days on the market increased NA% from 20 in November to NA in December. The December 2017 average days on the market were 55, an NA% decrease in market time versus the same time period last year.

Currently there are 25 active lot listings in the Cornelius real estate market, a decrease of 7.4% from December. The average list price is $615,020, down 11% from December’s average list price of $690,559. There are 8 Cornelius lots currently under contract, a 14% increase from December. Based on these numbers, very limited Cornelius land inventory, we are in a sellers market for Cornelius lots for sale.

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Cornelius Real Estate Market Update November 2018

December 26, 2018 Market Watch

Cornelius Real Estate Market Stats for November 2018

Cornelius Homes
In November 2018 44 homes sold in the Cornelius real estate market, a 12.8% increase from the 39 Cornelius homes sold in October 2018. November 2018 sales figures increased 12.8% from November 2017 when 39 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 20% from $479,477 in October to $575,348 in November. November 2018 average sales price increased .7% from the November 2017 average sales price which was $571,163.

Average days on the market increased 48% from 48 days in October to 71 days on the market in November. The November 2017 average days on the market were 45, a 58% increase in market time from one year ago.

Currently there are 126 active homes for sale in the Cornelius real estate market, down 14.3% from November. The average list price of active listings is $977,599 up 2.1% from the November average list price of $957,284. There are 40 Cornelius homes currently under contract, down 37.5% from November. Based on these statistics, 2.9 months of inventory, we are currently in a sellers 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 November 2018 15 condos/townhomes sold in the Cornelius real estate market, a 40% decrease from the 25 Cornelius condos or townhomes sold in October. November 2018 sales figures decreased 48.3% from November 2017 when 29 Cornelius condos sold.

The average sales price increased 2.8% from $236,965 in October to $243,593 in November. The November 2018 average sales price increased 15.7% from the November 2017 average sales price which was $210,517.

Average days on the market increased 51.4% from 35 in October to 53 in November. The November 2017 average days on the market were 23, an increase of 130% market time from one year ago.

Currently there are 46 active condo/townhomes for sale in the Cornelius real estate market, a 7% increase from the 43 Cornelius condos for sale in November. The average list price is $365,056, down 2% from November’s average list price of $372,365. 24 Cornelius condos/townhomes are currently under contract, a 3.1% decrease from November. Based on these figures, 3.1 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In November 1 lots sold in the Cornelius area, a 0% increase from the 1 Cornelius lots sold in October. November 2018 sales figures decreased 0% from November 2017 when 1 Cornelius lots sold.

The average sales price decreased 13.5% from $185,000 in October to $160,000 in November. The November 2018 average sales price decreased 81% from the November 2017 average sales price which was $859,000.

Average days on the market increased 186% from 7 in October to 20 in November. The November 2017 average days on the market were 718, an 97% decrease in market time versus the same time period last year.

Currently there are 27 active lot listings in the Cornelius real estate market, a decrease of 10% from November. The average list price is $690,559, up .3% from November’s average list price of $688,695. There are 7 Cornelius lots currently under contract, a 0% decrease from November. Based on these numbers, very limited Cornelius land inventory, we are in a sellers market for Cornelius lots for sale.