Category Archives: Market Watch

Cornelius Waterfront Real Estate Market Update June 2017

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats for June 2017

Cornelius Waterfront Homes
In June 2017 16 Cornelius waterfront homes sold, a 100% increase from the 8 Cornelius waterfront homes sold in May 2017 and the highest monthly total on record. June 2017 waterfront sales figures increased 100% from June 2016 when 8 Cornelius waterfront homes sold.

The average sales price decreased 13.8% from $1,435,813 in May to $1,237,425 in June. The June 2017 average sales price decreased 22.1% from the June 2016 average sales price which was $1,587,813.

Average days on the market increased from 106 in May to 118 in June, an 11.3% increase in market time. The June 2016 average days on the market were 84, a 40.5% increase in market time.

Currently there are 78 active Cornelius waterfront homes listed in the MLS, up 4% from June, with 13 more under contract, down 40.9% from June. The average list price is $1,756,773 up 7.9% from June. The current lowest priced Cornelius waterfront home is listed at $524,900 and the current highest priced active Cornelius waterfront home is listed at $4,795,000.

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Cornelius Waterfront Condos & Townhomes
In June 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 12.5% increase from the 8 Cornelius waterfront condos sold in May 2017. June 2017 sales figures increased 50% from June 2016 when 6 Cornelius waterfront condos sold.

The average sales price increased 24.9% from $262,063 in May to $327,317 in June. The June 2017 average sales price increased 49.1% from the June 2016 average sales price which was $219,483.

Average days on the market decreased 35.7% from 56 in May to 36 in June. The June 2016 average days on the market were 81, a 55.6% decrease in market time from one year ago.

Currently there are 10 active Cornelius waterfront condos listed in the MLS, a 66.7% increase from June with 7 more under contract, down 53.3% from June. The average list price is $368,150, up 2.6% from last month. The lowest priced active Cornelius waterfront condo is listed at $220,000 and the highest priced Cornelius waterfront condo is listed at $659,000.

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Cornelius Waterfront Lots
In June 2017 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lots sold in May 2017. June 2017 sales figures decreased 50% from June 2016 when 4 Cornelius waterfront lots sold.

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The June average sales price was $1,250,000, down NA% from the May average sales price which was $NA. The average sales price increased 35.7% from the June 2016 average sales price of $921,250.

The average days on the market decreased NA% from May, from NA to 28 days on the market in June. Days on the market were down 54.8% from June 2016 when the average was 68 days on the market.

Currently there are 18 active Cornelius waterfront lots listed in the MLS , up 12.5% from June, with 3 others under contract. The average list price is $995,608 up 19.3% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,650,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale in Cornelius: Cornelius waterfront lots for sale

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Cornelius Real Estate Market Update June 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for June 2017

Cornelius Homes
In June 2017 73 homes sold in the Cornelius area, a 37.7% increase from the 53 Cornelius homes sold in May 2017 and the highest total sales since June 2006. June 2017 sales figures increased 21.7% from June 2016 when 60 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 7% from $606,700 in May to $564,433 in June. The June 2017 average sales price increased .5% from the June 2016 average sales price which was $561,431.

Average days on the market decreased 20.8% from 77 days in May to 61 days on the market in June. The June 2016 average days on the market were 45, a 35.6% increase in market time from one year ago.

Currently there are 189 active homes for sale in the Cornelius MLS area, down 3.6% from June. The average list price is $1,028,261 up 10.6% from the June average list price of $929,595. 88 Cornelius homes are currently under contract, down 20% from June. Based on these statistics, 2.6 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 June 2017 34 condos/townhomes sold in the Cornelius area, a 10.5% decrease from the 38 Cornelius condos or townhomes sold in May 2017. June 2017 sales figures increased 13.3% from June 2016 when 30 Cornelius condos sold.

The average sales price increased 10.3% from $196,947 in May 2017 to $217,172 in June 2017. The June 2017 average sales price increased 21.3% from the June 2016 average sales price which was $179,030.

Average days on the market decreased 0% from 31 in May to 31 in June. June 2016 average days on the market were 45, a decrease of 34% market time from one year ago.

Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 38.9% increase from the 18 Cornelius condos for sale in June. The average list price is $281,308, up 6.5% from June’s average list price of $264,205. 45 Cornelius condos/townhomes are currently under contract, a 16.7% decrease from June. Based on these figures, .7 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In June 2017 2 lots sold in the Cornelius area, a 200% increase from the 0 Cornelius lots sold in May 2017. June 2017 sales figures decreased 50% from June 2016 when 4 Cornelius lots sold.

The average sales price increased NA% from $NA in May to $1,250,000 in June. The June 2017 average sales price increased 35.7% from the June 2016 average sales price which was $921,250.

Average days on the market increased NA% from NA in May to 28 in June. The June 2016 average days on the market were 68, an 54.8% decrease in market time versus the same time period last year.

Currently there are 30 active lot listings in the Cornelius MLS area, an increase of 3.4% from June. The average list price is $1,214,795, up 10.4% from June’s average list price of $1,100,479. 8 Cornelius lots are currently under contract, a 0% increase from June. Based on these numbers, 15 months of inventory, we are in a buyers market for Cornelius lots for sale.

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