Category Archives: Market Watch

Cornelius Waterfront Real Estate Update November 2018

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats November 2018

Cornelius Waterfront Homes

In November 2018 9 Cornelius waterfront homes sold in the Cornelius real estate market, a 125% increase from the 4 Cornelius waterfront homes sold in October. November 2018 waterfront sales figures increased 50% from November 2017 when 6 Cornelius waterfront homes sold.

The average sales price increased 4.1% from $1,224,375 in October to $1,275,083 in November. The November 2018 average sales price decreased 23.1% from the November 2017 average sales price which was $1,659,167.

Average days on the market increased from 92 in October to 170 in November, an 84.8% increase in market time. The November 2017 average days on the market were 114, a 49% increase in market time from one year ago.

Currently there are 42 active Cornelius waterfront homes listed in the Cornelius real estate market, down 10% from November.  There are 7 Cornelius waterfront homes currently under contract, down 42% from November. The average list price of active listings is $1,803,757 down .3% from November. The current lowest priced Cornelius waterfront home is listed at $484,900 and the current highest priced active Cornelius waterfront home is listed at $3,995,000.

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Cornelius Waterfront Condos & Townhomes

In November 4 Cornelius waterfront condos or townhomes sold in the Cornelius real estate market, a 33% increase from the 6 Cornelius waterfront condos sold in October. November 2018 sales figures increased 0% from November 2017 when 4 Cornelius waterfront condos sold.

The average sales price decreased 4.9% from $315,833 in October to $300,500 in November. The November 2018 average sales price decreased 18.5% from the November 2017 average sales price which was $368,600.

Average days on the market increased 46.4% from 56 in October to 82 in November. The November 2017 average days on the market were 38, a 116% increase in market time from one year ago.

Currently there are 20 active Cornelius waterfront condos listed in the Cornelius real estate market, an 11.1% increase from November. There are 6 Cornelius waterfront lots are currently under contract, down 33% from November. The average list price of active listings is $285,680, down 2.3% from last month. The lowest priced active Cornelius waterfront condo is listed at $175,000 and the highest priced Cornelius waterfront condo is listed at $499,900.

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Cornelius Waterfront Lots

In November 0 Cornelius waterfront lots sold in the Cornelius real estate  market, a 0% decrease from the 0 Cornelius waterfront lots sold in October. November 2018 sales figures decreased 100% from November 2017 when 1 Cornelius waterfront lots sold.

The November average sales price was $NA, up NA% from the October average sales price which was $NA. The November 2018 average sales price decreased NA% from the November 2017 average sales price of $859,000.

The average days on the market increased NA% from October, from NA to NA days on the market in November. November 2018 days on the market were down NA% from November 2017 when the average was 718 days on the market.

Currently there are 15 active Cornelius waterfront lots listed in the Cornelius real estate market, down 11.8% from November.  There is 1 Cornelius waterfront lot currently under contract. The average list price of active listings is $1,079,700 up 2.3% from last month. The lowest priced Cornelius waterfront lot is listed at $299,000 and the highest priced Cornelius waterfront lot is listed at $1,500,000.

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Cornelius Real Estate Market Update November 2018

Cornelius Real Estate Market Report

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.

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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.

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