Category Archives: Market Watch

Cornelius Waterfront Real Estate Market Update April 2017

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats for April 2017

Cornelius Waterfront Homes
In April 2017 5 Cornelius waterfront homes sold, a 37.5% decrease from the 8 Cornelius waterfront homes sold in March 2017. April 2017 waterfront sales figures decreased 16.7% from April 2016 when 6 Cornelius waterfront homes sold.

The average sales price decreased 15.6% from $1,298,715 in March to $1,096,255 in April. The April 2017 average sales price increased 28.7% from the April 2016 average sales price which was $851,917.

Average days on the market increased from 115 in March to 226 in April, a 96.5% increase in market time. The April 2016 average days on the market were 96, a 135.4% increase in market time.

Currently there are 71 active Cornelius waterfront homes listed in the MLS with 19 more under contract, up 11.8% from April. The average list price is $1,729,849 up 4.6% from April. 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 April 2017 5 Cornelius waterfront condo or townhome sold in the Lake Norman area, an 44.4% decrease from the 9 Cornelius waterfront condos sold in March 2017. April 2017 sales figures increased 66.7% from April 2016 when 3 Cornelius waterfront condos sold.

The average sales price increased 80.4% from $250,556 in March to $452,000 in April. The April 2017 average sales price increased 228% from the April 2016 average sales price which was $137,917.

Average days on the market increased 32.1% from 56 in March to 74 in April. The April 2016 average days on the market were 16, a 363% increase in market time from one year ago.

Currently there are 12 active Cornelius waterfront condos listed in the MLS with 11 more under contract, a 22.2% increase from April. The average list price is $353,633, down 10.2% from last month. The lowest priced active Cornelius waterfront condo is listed at $168,900 and the highest priced Cornelius waterfront condo is listed at $659,900.

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Cornelius Waterfront Lots
In April 2017 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius waterfront lots sold.

The April average sales price was $862,500, down NA% from the March average sales price which was $NA. The average sales price increased 172.9% from the April 2016 average sales price of $316,000.

The average days on the market decreased NA% from March, from NA to 241 days on the market in April. Days on the market were up 372.5% from April 2016 when the average was 51 days on the market.

Currently there are 18 active Cornelius waterfront lots listed in the MLS with 3 others under contract, up 50% from April. The average list price is $917,000 down 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 $1,500,000.

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Cornelius Real Estate Market Update April 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for April 2017

Cornelius Homes
In April 2017 52 homes sold in the Cornelius area, a 2% increase from the 51 Cornelius homes sold in March 2017. April 2017 sales figures increased 20.9% from April 2016 when 43 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 16.3% from $528,148 in March to $442,267 in April. The April 2017 average sales price decreased .3% from the April 2016 average sales price which was $443,690.

Average days on the market decreased 11.1% from 72 days in March to 64 days on the market in April. The April 2016 average days on the market were 59, an 8.5% increase in market time from one year ago.

Currently there are 181 active homes for sale in the Cornelius MLS area, up 1.7% from April. The average list price is $1,003,619 up 1.1% from the April average list price of $992,865. 116 Cornelius homes are currently under contract, up 12.6% from April. Based on these statistics, 3.5 months of inventory, we are currently in a sellers market in Cornelius.

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Cornelius Condos & Townhomes
In April 2017 32 condos/townhomes sold in the Cornelius area, a 13.5% decrease from the 37 Cornelius condos or townhomes sold in March 2017. April 2017 sales figures increased 45.5% from April 2016 when 22 Cornelius condos sold.

The average sales price increased 12.3% from $200,885 in March 2017 to $225,505 in April 2017. The April 2017 average sales price increased 31.9% from the April 2016 average sales price which was $170,991.

Average days on the market decreased 17% from 47 in March to 39 in April. April 2016 average days on the market were 23, an increase of 69.6% market time from one year ago.

Currently there are 35 active condo/townhomes for sale in the Cornelius MLS area, a 6.1% increase from the 33 Cornelius condos for sale in April. The average list price is $256,403, down 3.7% from April’s average list price of $266,368. 47 Cornelius condos/townhomes are currently under contract, a 4.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In April 2017 4 lots sold in the Cornelius area, a 300% increase from the 1 Cornelius lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius lots sold.

The average sales price increased 146% from $217,500 in March to $535,000 in April. The April 2017 average sales price increased 174% from the April 2016 average sales price which was $195,500.

Average days on the market increased 230% from 64 in March to 211 in April. The April 2016 average days on the market were 118, a 78.8% increase in market time versus the same time period last year.

Currently there are 31 active lot listings in the Cornelius MLS area, an decrease of 3% from April. The average list price is $1,131,416, down 6.3% from April’s average list price of $1,207,653. 6 Cornelius lots are currently under contract, a 20% increase from April. Based on these numbers, 7.8 months of inventory, we are in a balanced market for Cornelius lots for sale.

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