Tag Archives: cornelius property values
Cornelius Real Estate Market Update February 2017
Cornelius Real Estate Market Stats for February 2017
Cornelius Homes
In February 2017 21 homes sold in the Cornelius area, a 36.4% decrease from the 33 Cornelius homes sold in January 2017. February 2017 sales figuresdecreased 22.2% from February 2016 when 27 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 34.5% from $632,049 in January to $414,170 in February. The February 2017 average sales price decreased 25.4% from the February 2016 average sales price which was $555,096.
Average days on the market increased 74.5% from 47 days in January to 82 days on the market in February. The February 2016 average days on the market were 100, an 18% decrease in market time from one year ago.
Currently there are 168 active homes for sale in the Cornelius MLS area, up 10.5% from February. The average list price is $997,167 up 2.2% from the February average list price of $976,002. 103 Cornelius homes are currently under contract, up 35.5% from February. Based on these statistics, 8 months of inventory, we are currently in a balanced 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 2017 21 condos/townhomes sold in the Cornelius area, a 10.5% increase from the 19 Cornelius condos or townhomes sold in January 2017. February 2017 sales figures decreased 12.5% from February 2016 when 24 Cornelius condos sold.
The average sales price increased 12.1% from $199,092 in January 2017 to $223,238 in February 2017. The February 2017 average sales price increased 38.1% from the February 2016 average sales price which was $161,693.
Average days on the market increased 16.7% from 48 in January to 56 in February. February 2016 average days on the market were 70, an increase of 20% market time from one year ago.
Currently there are 36 active condo/townhomes for sale in the Cornelius MLS area, a 14.3% decrease from the 42 Cornelius condos for sale in February. The average list price is $242,602, down 1.9% from February’s average list price of $247,313. 53 Cornelius condos/townhomes are currently under contract, a 17.8% increase from February. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In February 2017 3 lots sold in the Cornelius area, a 50% increase from the 2 Cornelius lots sold in January 2017. February 2017 sales figures increased 0% from February 2016 when 3 Cornelius lots sold.
The average sales price increased 47.8% from $352,500 in January to $520,917 in February. The February 2017 average sales price increased 20.5% from the February 2016 average sales price which was $432,333.
Average days on the market increased 8.7% from 183 in January to 199 in February. The February 2016 average days on the market were 314, a 36.6% decrease in market time versus the same time period last year.
Currently there are 25 active lot listings in the Cornelius MLS area, a decrease of 4% from February. The average list price is $1,237,596, up 57.1% from February’s average list price of $787,723. 9 Cornelius lots are currently under contract, a 12.5% increase from February. Based on these numbers, 8.3 months of inventory, we are in a balanced market for Cornelius lots for sale.
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Cornelius Real Estate Market Update January 2017
Cornelius Real Estate Market Stats for January 2017
Cornelius Homes
In January 2017 33 homes sold in the Cornelius area, a 41.1% decrease from the 56 Cornelius homes sold in December 2016. January 2017 sales figures increased 26.9% from January 2016 when 26 homes sold in the Cornelius area.
The average sales price in Cornelius increased 31% from $482,544 in December to $632,049 in January. The January 2017 average sales price increased 46.5% from the January 2016 average sales price which was $431,387.
Average days on the market decreased 36.5% from 74 days in December to 47 days on the market in January. The January 2016 average days on the market were 71, a 33.8% decrease in market time from one year ago.
Currently there are 152 active homes for sale in the Cornelius MLS area, up .7% from January. The average list price is $976,002 up 13.4% from the January average list price of $860,797. 76 Cornelius homes are currently under contract, up 18.75% from January. Based on these statistics, 4.6 months of inventory, we are currently in a sellers 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 2017 19 condos/townhomes sold in the Cornelius area, a 17.4% decrease from the 23 Cornelius condos or townhomes sold in December. January 2017 sales figures increased 90% from January 2016 when 10 Cornelius condos sold.
The average sales price increased 7.2% from $185,674 in December 2016 to $199,092 in January 2017. The January 2017 average sales price increased 13.4% from the January 2016 average sales price which was $175,576.
Average days on the market increased 23.1% from 39 in December to 48 in January. January 2016 average days on the market were 38, an increase of 26.3% market time from one year ago.
Currently there are 42 active condo/townhomes for sale in the Cornelius MLS area, a 23.5% increase from the 34 Cornelius condos for sale in January. The average list price is $247,313, down 5.8% from January’s average list price of $262,657. 45 Cornelius condos/townhomes are currently under contract, a 25% increase from January. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In January 2017 2 lots sold in the Cornelius area, a 33% decrease from the 3 Cornelius lots sold in December 2016. January 2017 sales figures increased 200% from January 2016 when 0 Cornelius lots sold.
The average sales price decreased 61.8% from $921,667 in December to $352,500 in January. The January 2017 average sales price increased NA% from the January 2016 average sales price which was $NA.
Average days on the market decreased 22.1% from 235 in December to 183 in January. The January 2016 average days on the market were NA, a NA% increase in market time versus the same time period last year.
Currently there are 26 active lot listings in the Cornelius MLS area, a decrease of 0% from January. The average list price is $787,723, down 5.4% from January’s average list price of $832,762. 8 Cornelius lots are currently under contract, a 11.1% decrease from January. Based on these numbers, 13 months of inventory, we are in a buyers market for Cornelius lots for sale.
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