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Cornelius Waterfront Real Estate Market Update August 2017

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats for August 2017

Cornelius Waterfront Homes
In August 2017 9 Cornelius waterfront homes sold, an 18.2% decrease from the 11 Cornelius waterfront homes sold in July 2017. August 2017 waterfront sales figures decreased 35.7% from August 2016 when 14 Cornelius waterfront homes sold.

The average sales price increased 4.8% from $1,160,295 in July to $1,216,300 in August. The August 2017 average sales price decreased 17.7% from the August 2016 average sales price which was $1,477,357.

Average days on the market increased from 39 in July to 119 in August, a 205% increase in market time. The August 2016 average days on the market were 161, a 26.1% decrease in market time.

Currently there are 70 active Cornelius waterfront homes listed in the MLS, up 2.9% from August, with 9 more under contract, down 43.8% from August. The average list price is $1,722,196 down 2% from August. 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 August 2017 6 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 33% decrease from the 9 Cornelius waterfront condos sold in July 2017. August 2017 sales figures increased 20% from August 2016 when 5 Cornelius waterfront condos sold.

The average sales price decreased 14.1% from $276,244 in July to $237,167 in August. The August 2017 average sales price decreased 11.8% from the August 2016 average sales price which was $268,900.

Average days on the market decreased 74% from 34 in July to 9 in August. The August 2016 average days on the market were 101, a 91.1% decrease in market time from one year ago.

Currently there are 9 active Cornelius waterfront condos listed in the MLS, a 12.5% increase from August, with 4 more under contract, down 43% from August. The average list price is $323,600, down 6.5% from last month. The lowest priced active Cornelius waterfront condo is listed at $209,999 and the highest priced Cornelius waterfront condo is listed at $430,000.

Use our free listing service to see the current Lake Norman waterfront condos for sale in Cornelius: Cornelius waterfront condos for sale

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

The August average sales price was $212,500, down 85% from the July average sales price which was $1,412,500. The average sales price decreased 77.4% from the August 2016 average sales price of $940,000.

The average days on the market increased 419% from July, from 59 to 306 days on the market in August. Days on the market were down 6.4% from August 2016 when the average was 327 days on the market.

Currently there are 17 active Cornelius waterfront lots listed in the MLS, up 30.8% from August, with 3 others under contract. The average list price is $957,144 up .9% from last month. The lowest priced Cornelius waterfront lot is listed at $439,000 and the highest priced Cornelius waterfront lot is listed at $1,650,000.

Use our free listing service to see the current Lake Norman waterfront lots for sale in Cornelius: Cornelius waterfront lots for sale

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Cornelius Real Estate Market Update August 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for August 2017

Cornelius Homes
In August 2017 48 homes sold in the Cornelius area, a 29.4% decrease from the 68 Cornelius homes sold in July 2017. August 2017 sales figures decreased 17.2% from August 2016 when 58 homes sold in the Cornelius area.

The average sales price in Cornelius increased 3.2% from $483,318 in July to $498,631 in August. The August 2017 average sales price decreased 22% from the August 2016 average sales price which was $639,680.

Average days on the market increased 21.6% from 37 days in July to 45 days on the market in August. The August 2016 average days on the market were 74, a 39.2% decrease in market time from one year ago.

Currently there are 170 active homes for sale in the Cornelius MLS area, down 3.4% from August. The average list price is $1,021,022 up .8% from the August average list price of $1,013,130. 84 Cornelius homes are currently under contract, down 7.7% from August. 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 August 2017 30 condos/townhomes sold in the Cornelius area, a 23.1% decrease from the 39 Cornelius condos or townhomes sold in July 2017. August 2017 sales figures increased 15.4% from August 2016 when 26 Cornelius condos sold.

The average sales price decreased 11% from $216,003 in July 2017 to $192,290 in August 2017. The August 2017 average sales price increased 3.5% from the August 2016 average sales price which was $185,717.

Average days on the market decreased 15.4% from 39 in July to 33 in August. August 2016 average days on the market were 45, a decrease of 26.7% market time from one year ago.

Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 25% increase from the 20 Cornelius condos for sale in August. The average list price is $263,524, down 1.7% from August’s average list price of $268,115. 24 Cornelius condos/townhomes are currently under contract, a 48% decrease from August. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In August 2017 3 lots sold in the Cornelius area, a 0% increase from the 3 Cornelius lots sold in July 2017. August 2017 sales figures increased 0% from August 2016 when 3 Cornelius lots sold.

The average sales price decreased 50.7% from $955,833 in July to $470,833 in August. The August 2017 average sales price increased 18.5% from the August 2016 average sales price which was $397,333.

Average days on the market increased 278% from 116 in July to 438 in August. The August 2016 average days on the market were 326, a 34.4% increase in market time versus the same time period last year.

Currently there are 28 active lot listings in the Cornelius MLS area, an increase of 12% from August. The average list price is $1,231,580, up .6% from August’s average list price of $1,224,610. 4 Cornelius lots are currently under contract, a 20% decrease from August. Based on these numbers, 9.3 months of inventory, we are in a balanced market for Cornelius lots for sale.

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