Category Archives: Market Watch

Cornelius Waterfront Real Estate Market Update March 2017

Cornelius Waterfront Real Estate Stats for March 2017

Cornelius Waterfront Homes
In March 2017 8 Cornelius waterfront homes sold, a 100% increase from the 4 Cornelius waterfront homes sold in February 2017. March 2017 waterfront sales figures increased 60% from March 2016 when 5 Cornelius waterfront homes sold.

The average sales price increased 78.9% from $726,000 in February to $1,298,715 in March. The March 2017 average sales price decreased 12% from the March 2016 average sales price which was $1,475,000.

Average days on the market increased from 113 in February to 115 in March, a 1.7% decrease in market time. The March 2016 average days on the market were 65, a 76.9% increase in market time.

Currently there are 73 active Cornelius waterfront homes listed in the MLS with 17 more under contract, up 0% from March. The average list price is $1,653,738 down 2.7% from March. The current lowest priced Cornelius waterfront home is listed at $599,900 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.

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Cornelius Waterfront Condos & Townhomes
In March 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, an 80% increase from the 5 Cornelius waterfront condos sold in February 2017. March 2017 sales figures increased 50% from March 2016 when 6 Cornelius waterfront condos sold.

The average sales price decreased 24.3% from $331,100 in February to $250,556 in March. The March 2017 average sales price decreased 3.7% from the March 2016 average sales price which was $260,217.

Average days on the market increased 409% from 11 in February to 56 in March. The March 2016 average days on the market were 59, a 5.1% decrease in market time from one year ago.

Currently there are 10 active Cornelius waterfront condos listed in the MLS with 9 more under contract, a 0% decrease from March. The average list price is $394,020, up 4.4% from last month. The lowest priced active Cornelius waterfront condo is listed at $200,000 and the highest priced Cornelius waterfront condo is listed at $689,000.

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Cornelius Waterfront Lots
In March 2017 0 Cornelius waterfront lot sold in the Lake Norman area, a 100% decrease from the 3 Cornelius waterfront lots sold in February 2017. March 2017 sales figures decreased 100% from March 2016 when 1 Cornelius waterfront lot sold.

The March average sales price was $N/A, down N/A% from the February average sales price which was $520,917. The average sales price increased N/A% from the March 2016 average sales price of $925,000.

The average days on the market decreased N/A% from February, from 199 to N/A days on the market in March. Days on the market were up N/A% from March 2016 when the average was 403 days on the market.

Currently there are 19 active Cornelius waterfront lots listed in the MLS with 2 others under contract, down 33% from March. The average list price is $1,034,832 up 11.4% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,700,000.

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Cornelius Real Estate Market Update March 2017

Cornelius Real Estate Market Update August 2014

Cornelius Real Estate Market Stats for March 2017

Cornelius Homes
In March 2017 51 homes sold in the Cornelius area, a 143% increase from the 21 Cornelius homes sold in February 2017. March 2017 sales figures increased 2% from March 2016 when 50 homes sold in the Cornelius area.

The average sales price in Cornelius increased 27.5% from $414,170 in February to $528,148 in March. The March 2017 average sales price increased 11% from the March 2016 average sales price which was $475,861.

Average days on the market decreased 12.2% from 82 days in February to 72 days on the market in March. The March 2016 average days on the market were also 72, a 0% decrease in market time from one year ago.

Currently there are 178 active homes for sale in the Cornelius MLS area, up 6% from March. The average list price is $992,865 down .4% from the March average list price of $997,167. 103 Cornelius homes are currently under contract, up 0% from March. Based on these statistics, 5.5 months of inventory, we are currently in a sellers market in Cornelius.

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Cornelius Condos & Townhomes
In March 2017 37 condos/townhomes sold in the Cornelius area, a 76% increase from the 21 Cornelius condos or townhomes sold in February 2017. March 2017 sales figures increased 60.9% from February 2016 when 23 Cornelius condos sold.

The average sales price decreased 10% from $223,238 in February 2017 to $200,885 in March 2017. The March 2017 average sales price decreased 2.5% from the March 2016 average sales price which was $205,978.

Average days on the market decreased 16.1% from 56 in February to 47 in March. March 2016 average days on the market were 75, an decrease of 37.3% market time from one year ago.

Currently there are 33 active condo/townhomes for sale in the Cornelius MLS area, an 8.3% decrease from the 36 Cornelius condos for sale in March. The average list price is $266,368, up 9.8% from March’s average list price of $242,602. 49 Cornelius condos/townhomes are currently under contract, a 7.5% decrease from March. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In March 2017 1 lots sold in the Cornelius area, a 66.7% decrease from the 3 Cornelius lots sold in February 2017. March 2017 sales figures decreased 66.7% from March 2016 when 3 Cornelius lots sold.

The average sales price decreased 58.2% from $520,917 in February to $217,500 in March. The March 2017 average sales price decreased 47.8% from the March 2016 average sales price which was $416,667.

Average days on the market decreased 67.8% from 199 in February to 64 in March. The March 2016 average days on the market were 170, a 62.4% decrease in market time versus the same time period last year.

Currently there are 32 active lot listings in the Cornelius MLS area, an increase of 28% from March. The average list price is $1,207,653,down 2.4% from March’s average list price of $1,237,596. 5 Cornelius lots are currently under contract, a 44.4% decrease from March. Based on these numbers, 37 months of inventory, we are in a buyers market for Cornelius lots for sale.

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