Cornelius Waterfront Real Estate Market Update July 2016


July 2016 Cornelius Waterfront Real Estate Update

Cornelius Waterfront Homes
In July 2016 6 Cornelius waterfront homes sold, a 25% decrease from the 8 Cornelius waterfront homes sold in June. July 2016 waterfront sales figures increased 0% from July 2015 when 6 Cornelius waterfront homes sold.

The average sales price increased 27.7% from $1,587,813 in June to $2,028,333 in July. The July 2016 average sales price increased 46.1% from the July 2015 average sales price which was $1,388,167.

Average days on the market increased from 84 in June to 239 in July, a 185% increase in market time. The July 2015 average days on the market were 108, a 121.3% increase in market time.

Currently there are 86 active Cornelius waterfront homes listed in the MLS with 19 more under contract, down 10.5% from July. The average list price is $1,479,990 down 1.7% from July. The current lowest priced Cornelius waterfront home is listed at $439,900 and the current highest priced active Cornelius waterfront home is listed at $3,950,000.

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Cornelius Waterfront Condos & Townhomes
In July 2016 8 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 33% increase from the 6 Cornelius waterfront condos sold in June. July 2016 sales figures decreased 11.1% from July 2015 when 9 Cornelius waterfront condos sold.

The average sales price increased 27.7% from $219,483 in June to $280,375 in July. The July 2016 average sales price increased .5% from the July 2015 average sales price which was $278,944.

Average days on the market decreased 24.7% from 81 in June to 61 in July. The July 2015 average days on the market were 53, a 15.1% increase in market time.

Currently there are 24 active Cornelius waterfront condos listed in the MLS with 9 more under contract, an 18% decrease from July. The average list price is $318,737, up .2% from last month. The lowest priced active Cornelius waterfront condo is listed at $130,000 and the highest priced Cornelius waterfront condo is listed at $475,000.

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Cornelius Waterfront Lots
In July 2016 0 Cornelius waterfront lot sold in the Lake Norman area, a 100% decrease from the 4 Cornelius waterfront lot sold in June. July 2016 sales figures increased 0% from July 2015 when 0 Cornelius waterfront lots sold.

The July average sales price was $NA, down NA% from the June average sales price which was $921,250. The average sales price increased NA% from the July 2015 average sales price of $NA.

The average days on the market increased NA% from June, from 62 to NA days on the market in July. Days on the market were up 0% from July 2015 when the average was NA days on the market.

Currently there are 22 active Cornelius waterfront lots listed in the MLS with 7 under contract, up 75% from July. The average list price is $868,695, up 1.4% from last month. The lowest priced Cornelius waterfront lot is listed at $365,000 and the highest priced Cornelius waterfront lot is listed at $1,399,900.

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