Cornelius Waterfront Real Estate Market Update September 2017

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats for September 2017

Cornelius Waterfront Homes
In September 2017 7 Cornelius waterfront homes sold, a 22.2% decrease from the 9 Cornelius waterfront homes sold in August 2017. September 2017 waterfront sales figures decreased 30% from September 2016 when 10 Cornelius waterfront homes sold.

The average sales price decreased 7.5% from $1,216,300 in August to $1,125,658 in September. The September 2017 average sales price increased 12% from the September 2016 average sales price which was $1,005,340.

Average days on the market increased from 119 in August to 209 in September, a 76% increase in market time. The September 2016 average days on the market were 100, a 109% increase in market time.

Currently there are 62 active Cornelius waterfront homes listed in the MLS, down 11% from September, with 14 more under contract, up 56% from September. The average list price is $1,779,505 up 3.3% from September. The current lowest priced Cornelius waterfront home is listed at $524,900 and the current highest priced active Cornelius waterfront home is listed at $4,795,000.

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Cornelius Waterfront Condos & Townhomes
In September 2017 2 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 67% decrease from the 6 Cornelius waterfront condos sold in August 2017. September 2017 sales figures decreased 80% from September 2016 when 10 Cornelius waterfront condos sold.

The average sales price increased 12.4% from $237,167 in August to $266,500 in September. The September 2017 average sales price increased 1.2% from the September 2016 average sales price which was $263,345.

Average days on the market increased 878% from 9 in August to 88 in September. The September 2016 average days on the market were 108, an 18.5% decrease in market time from one year ago.

Currently there are 5 active Cornelius waterfront condos listed in the MLS, a 44% decrease from September, with 7 more under contract, up 40% from September. The average list price is $282,660, down 12.7% from last month. The lowest priced active Cornelius waterfront condo is listed at $199,900 and the highest priced Cornelius waterfront condo is listed at $369,000.

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Cornelius Waterfront Lots
In September 2017 1 Cornelius waterfront lot sold in the Lake Norman area, a 0% decrease from the 1 Cornelius waterfront lots sold in August 2017. September 2017 sales figures decreased 50% from September 2016 when 2 Cornelius waterfront lots sold.

The September average sales price was $344,000, up 62% from the August average sales price which was $212,500. The average sales price decreased 67.4% from the September 2016 average sales price of $1,055,000.

The average days on the market decreased 75% from August, from 306 to 75 days on the market in September. Days on the market were up 5.6% from September 2016 when the average was 71 days on the market.

Currently there are 18 active Cornelius waterfront lots listed in the MLS, up 5.9% from September, with 2 others under contract. The average list price is $945,914 down 1.2% 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 September 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for September 2017

Cornelius Homes
In September 2017 56 homes sold in the Cornelius area, a 14.3% increase from the 48 Cornelius homes sold in August 2017. September 2017 sales figures increased 5.7% from September 2016 when 53 homes sold in the Cornelius area.

The average sales price in Cornelius decreased 6.2% from $498,631 in August to $467,840 in September. The September 2017 average sales price decreased 9.1% from the September 2016 average sales price which was $514,483.

Average days on the market increased 88.9% from 45 days in August to 85 days on the market in September. The September 2016 average days on the market were 49, a 73.5% increase in market time from one year ago.

Currently there are 158 active homes for sale in the Cornelius MLS area, down 7% from September. The average list price is $1,035,168 up 1.4% from the September average list price of $1,021,022. 88 Cornelius homes are currently under contract, up 4.8 from September. Based on these statistics, 2.8 months of inventory, we are currently in a sellers market in Cornelius.

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Cornelius Condos & Townhomes
In September 2017 28 condos/townhomes sold in the Cornelius area, a 9.7% decrease from the 31 Cornelius condos or townhomes sold in August 2017. September 2017 sales figures decreased 22.2% from September 2016 when 36 Cornelius condos sold.

The average sales price increased 4.9% from $191,990 in August 2017 to $201,307 in September 2017. The September 2017 average sales price increased 1.4% from the September 2016 average sales price which was $198,575.

Average days on the market decreased 68% from 32 in August to 19 in September. September 2016 average days on the market were 57, a decrease of 66.7% market time from one year ago.

Currently there are 22 active condo/townhomes for sale in the Cornelius MLS area, a 12% decrease from the 25 Cornelius condos for sale in September. The average list price is $234,200, down 11% from September’s average list price of $263,524. 28 Cornelius condos/townhomes are currently under contract, a 16.7% increase from September. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In September 2017 2 lots sold in the Cornelius area, a 50% decrease from the 4 Cornelius lots sold in August 2017. September 2017 sales figures decreased 33% from September 2016 when 3 Cornelius lots sold.

The average sales price decreased 25% from $378,125 in August to $284,500 in September. The September 2017 average sales price decreased 60% from the September 2016 average sales price which was $711,667.

Average days on the market decreased 89% from 338 in August to 38 in September. The September 2016 average days on the market were 89, a 57.3% decrease in market time versus the same time period last year.

Currently there are 27 active lot listings in the Cornelius MLS area, a decrease of 3.6% from September. The average list price is $835,898, down 32% from September’s average list price of $1,231,580. 4 Cornelius lots are currently under contract, a 0% decrease from September. Based on these numbers, 13.5 months of inventory, we are in a buyers market for Cornelius lots for sale.

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