Category Archives: Market Watch

Cornelius Waterfront Real Estate Market Update February 2018

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats February 2018

Cornelius Waterfront Homes

In February 2018 6 Cornelius waterfront homes sold in the Cornelius real estate market, a 14.3% decrease from the 7 Cornelius waterfront homes sold in January. February 2018 waterfront sales figures increased 50% from February 2017 when 4 Cornelius waterfront homes sold.

The average sales price increased 97.7% from $900,587 in January to $1,780,417 in February. The February 2018 average sales price increased 145% from the February 2017 average sales price which was $726,000.

Average days on the market increased from 99 in January to 186 in February, an 87.9% increase in market time. The February 2017 average days on the market were 113, a 64.6% increase in market time.

Currently there are 44 active Cornelius waterfront homes listed in the Cornelius real estate market, down 4.3% from February, with 26 more under contract, up 44% from February. The average list price is $1,934,561 down 1.4% from February. The current lowest priced Cornelius waterfront home is listed at $456,000 and the current highest priced active Cornelius waterfront home is listed at $4,495,000.

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Cornelius Waterfront Condos & Townhomes

In February 4 Cornelius waterfront condos or townhomes sold in the Cornelius real estate market, a 300% increase from the 1 Cornelius waterfront condo sold in January. February 2018 sales figures decreased 20% from February 2017 when 5 Cornelius waterfront condos sold.

The average sales price increased 55.7% from $150,000 in January to $233,500 in February. The February 2018 average sales price decreased 29.5% from the February 2017 average sales price which was $331,100.

Average days on the market increased 1600% from 1 in January to 17 in February. The February 2017 average days on the market were 11, a 54.5% increase in market time from one year ago.

Currently there are 13 active Cornelius waterfront condos listed in the Cornelius real estate market, a 30% increase from February, with 6 more under contract, up 0% from February. The average list price is $319,012, down 4.4% from last month. The lowest priced active Cornelius waterfront condo is listed at $205,000 and the highest priced Cornelius waterfront condo is listed at $525,000.

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Cornelius Waterfront Lots

In February 1 Cornelius waterfront lot sold in the Cornelius real estate  market, a 0% decrease from the 1 Cornelius waterfront lots sold in January. February 2018 sales figures decreased 67% from February 2017 when 2 Cornelius waterfront lots sold.

The February average sales price was $1,020,000, up 45.7% from the January average sales price which was $700,000. The February 2018 average sales price increased 95.8% from the February 2017 average sales price of $520,917.

The average days on the market increased 104% from January, from 51 to 104 days on the market in February. February 2018 days on the market were down 47.7% from February 2017 when the average was 199 days on the market.

Currently there are 15 active Cornelius waterfront lots listed in the Cornelius real estate market, up 33% from February, with 1 lot under contract. The average list price is $1,127,833 up 4.9% from last month. The lowest priced Cornelius waterfront lot is listed at $355,000 and the highest priced Cornelius waterfront lot is listed at $1,650,000.

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Cornelius Real Estate Market Update February 2018

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for January 2018

Cornelius Homes
In February 2018 30 homes sold in the Cornelius area, a 14.3% decrease from the 35 Cornelius homes sold in January 2018. February 2018 sales figures increased 36.4% from February 2017 when 22 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 38.4% from $450,030 in January to $622,621 in February. The February 2018 average sales price increased 52.5% from the February 2017 average sales price which was $408,185.

Average days on the market increased 81.3% from 48 days in January to 87 days on the market in February. The February 2017 average days on the market were 80, an 8.8% increase in market time from one year ago.

Currently there are 149 active homes for sale in the Cornelius real estate market, up 20% from February. The average list price is $968,330 down 12.7% from the February average list price of $1,108,690. 101 Cornelius homes are currently under contract, up 36% from February. Based on these statistics, 5 months of inventory, we are currently in a balanced real estate market in Cornelius.

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Cornelius Condos & Townhomes
In February 2018 22 condos/townhomes sold in the Cornelius real estate market, an 83% increase from the 12 Cornelius condos or townhomes sold in January. February 2018 sales figures increased 4.8% from February 2017 when 21 Cornelius condos sold.

The average sales price decreased 5.4% from $202,742 in January to $191,857 in February. The February 2018 average sales price decreased 14.1% from the February 2017 average sales price which was $223,238.

Average days on the market decreased 56.3% from 16 in January to 7 in February. February 2017 average days on the market were 56, a decrease of 87.5% market time from one year ago.

Currently there are 29 active condo/townhomes for sale in the Cornelius real estate market, a 38.1% increase from the 21 Cornelius condos for sale in February. The average list price is $254,722, down 10.2% from February’s average list price of $283,638. 36 Cornelius condos/townhomes are currently under contract, a 20% increase from February. Based on these figures, 1.3 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In February 1 lots sold in the Cornelius area, a 50% decrease from the 2 Cornelius lots sold in January. February 2018 sales figures decreased 67% from February 2017 when 3 Cornelius lots sold.

The average sales price increased 28.5% from $793,920 in January to $1,020,000 in February. The February 2018 average sales price increased 95.8% from the February 2017 average sales price which was $520,917.

Average days on the market increased 28.4% from 81 in January to 104 in February. The February 2017 average days on the market were 199, a 47.7% 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 increase of 36.4% from February. The average list price is $844,584, down 1.9% from February’s average list price of $860,839. 4 Cornelius lots are currently under contract, a 20% decrease from February. Based on these numbers, 30 months of inventory, we are in a buyers market for Cornelius lots for sale.

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