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Cornelius Waterfront Real Estate Market Update November 2017

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats November 2017

Cornelius Waterfront Homes
In November 2017 6 Cornelius waterfront homes sold in the Cornelius real estate market, a 100% increase from the 3 Cornelius waterfront homes sold in October 2017. November 2017 waterfront sales figures increased 50% from November 2016 when 4 Cornelius waterfront homes sold.

The average sales price increased 10.9% from $1,496,667 in October to $1,659,167 in November. The November 2017 average sales price decreased 1.5% from the November 2016 average sales price which was $1,684,375.

Average days on the market decreased from 70 in October to 114 in November, a 62.9% increase in market time. The November 2016 average days on the market were 228, a 50% decrease in market time.

Currently there are 50 active Cornelius waterfront homes listed in the Cornelius real estate market, down 20.6% from November, with 10 more under contract, up 11% from November. The average list price is $1,865,086 up 4.8% from November. The current lowest priced Cornelius waterfront home is listed at $520,000 and the current highest priced active Cornelius waterfront home is listed at $4,495,000.

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Cornelius Waterfront Condos & Townhomes
In November 2017 4 Cornelius waterfront condos or townhomes sold in the Cornelius real estate market, a 0% increase from the 4 Cornelius waterfront condos sold in October 2017. November 2017 sales figures decreased 20% from November 2016 when 5 Cornelius waterfront condos sold.

The average sales price increased 44.3% from $257,125 in October to $371,100 in November. The November 2017 average sales price increased 56% from the November 2016 average sales price which was $237,900.

Average days on the market increased 46.2% from 26 in October to 38 in November. The November 2016 average days on the market were 54, a 29.6% decrease in market time from one year ago.

Currently there are 6 active Cornelius waterfront condos listed in the Cornelius real estate market, a 250% increase from November, with 1 more under contract, down 75% from November. The average list price is $420,382, down 1% from last month. The lowest priced active Cornelius waterfront condo is listed at $305,000 and the highest priced Cornelius waterfront condo is listed at $550,000.

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Cornelius Waterfront Lots
In November 2017 1 Cornelius waterfront lot sold in the Cornelius real estate  market, a 0% decrease from the 1 Cornelius waterfront lots sold in October 2017. November 2017 sales figuresdecreased 80% from November 2016 when 5 Cornelius waterfront lots sold.

The November average sales price was $859,000, down 11.9% from the October average sales price which was $975,000. The average sales price increased 19.1% from the November 2016 average sales price of $721,000.

The average days on the market increased 8875% from October, from 8 to 718 days on the market in November. Days on the market were up 457% from November 2016 when the average was 129 days on the market.

Currently there are 14 active Cornelius waterfront lots listed in the Cornelius real estate market, down 26.3% from November, with 2 others under contract. The average list price is $1,059,017 up 10.7% 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 November 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for November 2017

Cornelius Homes
In November 2017 38 homes sold in the Cornelius area, a 5% decrease from the 40 Cornelius homes sold in October 2017. November 2017 sales figures increased 2.7% from November 2016 when 37 homes sold in the Cornelius real estate market.

The average sales price in Cornelius increased 27.3% from $454,991 in October to $579,352 in November. The November 2017 average sales price increased 12.5% from the November 2016 average sales price which was $515,128.

Average days on the market increased 21% from 38 days in October to 46 days on the market in November. The November 2016 average days on the market were 77, a 40.3% decrease in market time from one year ago.

Currently there are 138 active homes for sale in the Cornelius real estate market, down 15.9% from November. The average list price is $1,015,6363 up 2.1% from the November average list price of $994,384. 60 Cornelius homes are currently under contract, down 16.7% from November. Based on these statistics, 3.6 months of inventory, we are currently in a sellers market in Cornelius.

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Cornelius Condos & Townhomes
In November 2017 29 condos/townhomes sold in the Cornelius real estate market, a 52.6% increase from the 19 Cornelius condos or townhomes sold in October 2017. November 2017 sales figures increased 31.8% from November 2016 when 22 Cornelius condos sold.

The average sales price decreased 1.7% from $214,513 in October 2017 to $210,862 in November 2017. The November 2017 average sales price increased 9.6% from the November 2016 average sales price which was $192,381.

Average days on the market increased 43.8% from 16 in October to 23 in November. November 2016 average days on the market were 37, a decrease of 37.8% market time from one year ago.

Currently there are 12 active condo/townhomes for sale in the Cornelius real estate market, a 9.1% increase from the 11 Cornelius condos for sale in November. The average list price is $327,091, down .3% from November’s average list price of $328,155. 12 Cornelius condos/townhomes are currently under contract, a 63.6% decrease from November. Based on these figures, .4 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In November 2017 1 lots sold in the Cornelius area, a 0% decrease from the 1 Cornelius lots sold in October 2017. November 2017 sales figures decreased 83.3% from November 2016 when 6 Cornelius lots sold.

The average sales price decreased 11.9% from $975,000 in October to $859,000 in November. The November 2017 average sales price increased 36.2% from the November 2016 average sales price which was $630,833.

Average days on the market increased 8875% from 8 in October to 718 in November. The November 2016 average days on the market were 111, a 547% increase in market time versus the same time period last year.

Currently there are 25 active lot listings in the Cornelius real estate market, a decrease of 13.8% from November. The average list price is $863,838, up 5.3% from November’s average list price of $820,484. 5 Cornelius lots are currently under contract, a 0% increase from November. Based on these numbers, 25 months of inventory, we are in a buyers market for Cornelius lots for sale.

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