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Cornelius Waterfront Real Estate Update July 2019

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats July 2019

Cornelius Waterfront Homes

In July 2019 9 Cornelius waterfront homes sold in the Cornelius real estate market, a 50% decrease from the 18 Cornelius waterfront homes sold in June 2019. July 2019 waterfront sales figures increased 0% from July 2018 when 9 Cornelius waterfront homes sold.

The average sales price decreased 9.8% from $1,594,361 in June 2019 to $1,438,833 in July 2019. The July 2019 average sales price increased 55% from the July 2018 average sales price which was $927,986.

Average days on the market decreased from 97 in June 2019 to 40 in July 2019, a 58.8% decrease in market time. The July 2018 average days on the market were 29, a 37.9% increase in market time from one year ago.

Currently, there are 46 active Cornelius waterfront homes listed in the Cornelius real estate market, up 4.5% from July.  There are 8 Cornelius waterfront homes currently under contract, down 27.3% from July. The average list price of active listings is $1,783,343 up 1.2% from July. The current lowest-priced Cornelius waterfront home is listed at $595,500 and the current highest priced active Cornelius waterfront home is listed at $3,799,000.

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Cornelius Waterfront Condos & Townhomes

In July 2019 13 Cornelius waterfront condos or townhomes sold in the Cornelius real estate market, an 30% increase from the 10 Cornelius waterfront condo sold in June 2019. July 2019 sales figures increased 44.4% from July 2018 when 9 Cornelius waterfront condos sold.

The average sales price decreased by 5.6% from $293,300 in June 2019 to $276,792 in July 2019. The July 2019 average sales price decreased 16.4% from the July 2018 average sales price which was $331,000.

Average days on the market increased by 64.7% from 49 in June 2019 to 66 in July 2019. The July 2018 average days on the market were 10, a 560% increase in market time from one year ago.

Currently, there are 20 active Cornelius waterfront condos listed in the Cornelius real estate market, a 13% decrease from July. There are 12 Cornelius waterfront condos currently under contract, up 9.1% from July. The average list price of active listings is $320,875, up .9% from last month. The lowest-priced active Cornelius waterfront condo is listed at $174,900 and the highest priced Cornelius waterfront condo is listed at $534,700.

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Cornelius Waterfront Lots

In July 2019 1 Cornelius waterfront lots sold in the Cornelius real estate market, a 0% increase from the 1 Cornelius waterfront lots sold in June 2019. July 2019 sales figures increased 100% from July 2018 when 0 Cornelius waterfront lots sold.

The July 2019 average sales price was $725,000, down 44.8% from the June 2019 average sales price which was $1,312,500. The July 2019 average sales price decreased NA% from the July 2018 average sales price of $NA.

The average days on the market decreased by 68.4% from June 2019, from 427 to 135 days on the market in July 2019. July 2019 days on the market were down NA% from July 2018 when the average was NA days on the market.

Currently, there are 15 active Cornelius waterfront lots listed in the Cornelius real estate market, down 25% from July.  There are 2 Cornelius waterfront lots currently under contract, up 0% from July. The average list price of active listings is $1,294,327 up 9.1% from last month. The lowest-priced Cornelius waterfront lot is listed at $250,000 and the highest priced Cornelius waterfront lot is listed at $4,900,000.

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Cornelius Real Estate Market Update July 2019

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for July 2019

Cornelius Homes
In July 2019 58 homes sold in the Cornelius real estate market, a 16% decrease from the 69 Cornelius homes sold in June 2019. July 2019 sales figures decreased 4.9% from July 2018 when 61 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased by 23.9% from $721,121 in June to $548,789 in July. July 2019 average sales price increased 16.8% from the July 2018 average sales price which was $469,793.

Average days on the market decreased by 26.7% from 60 days in June to 44 days on the market in July. The July 2018 average days on the market were 37, an 18.9% increase in market time from one year ago.

Currently, there are 143 active homes for sale in the Cornelius real estate market, up 5.9% from July. The average list price of active listings is $921,181 down 1.5% from the July average list price of $935,089. There are 61 Cornelius homes currently under contract, down 16.4% from July. Based on these statistics, 2.5 months of inventory, we are currently in a seller’s real estate market in Cornelius.

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Cornelius Condos & Townhomes
In July 2019 33 condos/townhomes sold in the Cornelius real estate market, a 26.9% increase from the 26 Cornelius condos or townhomes sold in June  2019. July 2019 sales figures decreased 17.5% from July 2018 when 40 Cornelius condos sold.

The average sales price increased by 1.4% from $234,096 in June to $237,320 in July. The July 2019 average sales price increased 4.8% from the July 2018 average sales price which was $226,478.

Average days on the market decreased by 9.3% from 43 in June to 39 in July. The July 2018 average days on the market were 12, an increase of 225% market time from one year ago.

Currently, there are 59 active condo/townhomes for sale in the Cornelius real estate market, a 0% decrease from the 59 Cornelius condos for sale in July. The average list price is $373,886, down 9.7% from July’s average list price of $414,049. 42 Cornelius condos/townhomes are currently under contract, an 8.7% decrease from July. Based on these figures, 1.8 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In July 2019 1 lots sold in the Cornelius area, a 50% decrease from the 2 Cornelius lots sold in June 2019. July 2019 sales figures increased 0% from July 2018 when 1 Cornelius lots sold.

The average sales price increased by 7.7% from $673,000 in June to $725,000 in July. The July 2019 average sales price increased 272% from the July 2018 average sales price which was $195,000.

Average days on the market decreased by 37.2% from 215 in June 2019 to 135 in July 2019. The July 2018 average days on the market were 103, a 31% increase in market time versus the same time period last year.

Currently, there are 22 active lot listings in the Cornelius real estate market, a decrease of 18.5% from July. The average list price is $997,932, down 1.4% from July’s average list price of $1,012,100. There are 9 Cornelius lots currently under contract, a 10% decrease from July. Based on these numbers, very limited Cornelius land inventory, we are in a seller’s market for Cornelius lots for sale.

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