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Cornelius Real Estate Market Update October 2018

November 27, 2018 Market Watch

Cornelius Real Estate Market Stats for October 2018

Cornelius Homes
In October 2018 39 homes sold in the Cornelius real estate market, a 9.3% decrease from the 43 Cornelius homes sold in September 2018. October 2018 sales figures decreased 2.5% from October 2017 when 40 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 26.8% from $654,979 in September to $479,477 in October. October 2018 average sales price increased 5.4% from the October 2017 average sales price which was $454,991.

Average days on the market decreased 11.1% from 54 days in September to 48 days on the market in October. The October 2017 average days on the market were 38, a 26.3% increase in market time from one year ago.

Currently there are 147 active homes for sale in the Cornelius real estate market, down 6.4% from October. The average list price of active listings is $957,284 up 6.8% from the October average list price of $896,181. There are 64 Cornelius homes currently under contract, down 1.5% from October. Based on these statistics, 3.8 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 October 2018 25 condos/townhomes sold in the Cornelius real estate market, a 31.6% increase from the 19 Cornelius condos or townhomes sold in September. October 2018 sales figures increased 31.6% from October 2017 when 19 Cornelius condos sold.

The average sales price decreased 8.6% from $259,184 in September to $236,965 in October. The October 2018 average sales price increased 10.5% from the October 2017 average sales price which was $214,513.

Average days on the market increased 25% from 28 in September to 35 in October. The October 2017 average days on the market were 16, an increase of 119% market time from one year ago.

Currently there are 43 active condo/townhomes for sale in the Cornelius real estate market, a 4.9% increase from the 41 Cornelius condos for sale in October. The average list price is $372,365, down 8.4% from October’s average list price of $406,564. 35 Cornelius condos/townhomes are currently under contract, a 6.1% increase from October. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In October 1 lots sold in the Cornelius area, a 100% increase from the 0 Cornelius lots sold in September. October 2018 sales figures decreased 0% from October 2017 when 1 Cornelius lots sold.

The average sales price decreased NA% from $NA in September to $185,000 in October. The October 2018 average sales price decreased 81% from the October 2017 average sales price which was $975,000.

Average days on the market decreased NA% from NA in September to 7 in October. The October 2017 average days on the market were 8, an 12.5% decrease in market time versus the same time period last year.

Currently there are 30 active lot listings in the Cornelius real estate market, an inecrease of 7.1% from October. The average list price is $688,695, down 7.2% from October’s average list price of $742,284. There are 7 Cornelius lots currently under contract, a 0% decrease from October. 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 September 2018

October 25, 2018 Market Watch

Cornelius Real Estate Market Stats for September 2018

Cornelius Homes
In September 2018 43 homes sold in the Cornelius real estate market, a 41% decrease from the 73 Cornelius homes sold in August 2018. September 2018 sales figures decreased 23.2% from September 2017 when 56 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 22.5% from $534,474 in August to $654,979 in September. September 2018 average sales price increased 40% from the September 2017 average sales price which was $467,840.

Average days on the market decreased 32.5% from 80 days in August to 54 days on the market in September. The September 2017 average days on the market were also 85, a 36.5% decrease in market time from one year ago.

Currently there are 157 active homes for sale in the Cornelius real estate market, down 6.5% from September. The average list price of active listings is $896,181 up .7% from the September average list price of $890,067. There are 65 Cornelius homes currently under contract, up 22.6% from September. Based on these statistics, 3.7 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 September 2018 19 condos/townhomes sold in the Cornelius real estate market, a 29.6% decrease from the 27 Cornelius condos or townhomes sold in August. September 2018 sales figures decreased 32.1% from September 2017 when 28 Cornelius condos sold.

The average sales price increased 13.4% from $228,643 in August to $259,184 in September. The September 2018 average sales price increased 28.8% from the September 2017 average sales price which was $201,307.

Average days on the market increased 21.7% from 23 in August to 28 in September. The September 2017 average days on the market were 19, an increase of 47.4% market time from one year ago.

Currently there are 41 active condo/townhomes for sale in the Cornelius real estate market, a 6.8% decrease from the 44 Cornelius condos for sale in September. The average list price is $406,564, up 4.7% from Septembert’s average list price of $388,460. 33 Cornelius condos/townhomes are currently under contract, a 5.7% decrease from September. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In September 0 lots sold in the Cornelius area, a 100% increase from the 4 Cornelius lots sold in August. September 2018 sales figures decreased 100% from September 2017 when 2 Cornelius lots sold.

The average sales price decreased NA% from $121,563 in August to $NA in September. The September 2018 average sales price decreased NA% from the September 2017 average sales price which was $284,500.

Average days on the market decreased NA% from 97 in August to NA in September. The September 2017 average days on the market were 38, an NA% decrease in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius real estate market, a decrease of 6.7% from September. The average list price is $742,284, down 3.2% from September’s average list price of $767,028. There are 7 Cornelius lots currently under contract, a 12.5% decrease from September. Based on these numbers, very limited inventory, we are in a sellers market for Cornelius lots for sale.