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Cornelius Waterfront Real Estate Market Update May 2017

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats for May 2017

Cornelius Waterfront Homes
In May 2017 8 Cornelius waterfront homes sold, a 60% increase from the 5 Cornelius waterfront homes sold in April 2017. May 2017 waterfront sales figures increased 60% from May 2016 when 5 Cornelius waterfront homes sold.

The average sales price increased 31% from $1,096,255 in April to $1,435,813 in May. The May 2017 average sales price increased 6.4% from the May 2016 average sales price which was $1,349,000.

Average days on the market increased from 226 in April to 106 in May, a 53.1% decrease in market time. The May 2016 average days on the market were 240, a 55.8% decrease in market time.

Currently there are 75 active Cornelius waterfront homes listed in the MLS, up 5.6% from May, with 22 more under contract, up 15.8% from May. The average list price is $1,628,369 down 5.9% from May. The current lowest priced Cornelius waterfront home is listed at $535,000 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.

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Cornelius Waterfront Condos & Townhomes
In May 2017 8 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 60% increase from the 5 Cornelius waterfront condos sold in April 2017. May 2017 sales figures increased 300% from May 2016 when 2 Cornelius waterfront condos sold.

The average sales price decreased 42% from $452,000 in April to $262,063 in May. The May 2017 average sales price decreased 16.% from the May 2016 average sales price which was $315,250.

Average days on the market decreased 24.3% from 74 in April to 56 in May. The May 2016 average days on the market were 222, a 74.8% decrease in market time from one year ago.

Currently there are 6 active Cornelius waterfront condos listed in the MLS, a 50% decrease from May with 15 more under contract, up 36.4% from May. The average list price is $358,817, up 1.5% from last month. The lowest priced active Cornelius waterfront condo is listed at $172,900 and the highest priced Cornelius waterfront condo is listed at $659,000.

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 May 2017 0 Cornelius waterfront lot sold in the Lake Norman area, a 100% decrease from the 2 Cornelius waterfront lots sold in April 2017. May 2017 sales figures decreased 100% from May 2016 when 2 Cornelius waterfront lots sold.

The May average sales price was $NA, down NA% from the April average sales price which was $862,500. The average sales price increased NA% from the May 2016 average sales price of $1,071,500.

The average days on the market decreased NA% from April, from 241 to NA days on the market in May. Days on the market were up NA% from May 2016 when the average was 13 days on the market.

Currently there are 16 active Cornelius waterfront lots listed in the MLS , down 11.1% from May, with 5 others under contract. The average list price is $834,438 down 9% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,295,000.

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 May 2017

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for May 2017

Cornelius Homes
In May 2017 53 homes sold in the Cornelius area, a 1.9% increase from the 52 Cornelius homes sold in April 2017. May 2017 sales figures increased 1.9% from May 2016 when 53 homes sold in the Cornelius area.

The average sales price in Cornelius increased 37.2% from $442,267 in April to $606,700 in May. The May 2017 average sales price increased 33.4% from the May 2016 average sales price which was $454,730.

Average days on the market increased 20.3 from 64 days in April to 77 days on the market in May. The May 2016 average days on the market were 61, a 26.2% increase in market time from one year ago.

Currently there are 196 active homes for sale in the Cornelius MLS area, up 8.3% from May. The average list price is $929,595 down 7.4% from the May average list price of $1,003,619. 110 Cornelius homes are currently under contract, down 5.2% from May. Based on these statistics, 3.6 months of inventory, we are currently in a sellers market in Cornelius.

It is a great time to sell Cornelius real estate! Request a free market analysis or keep updated on the Cornelius real estate market for free at LakeNormanHomePrices.com

Cornelius Condos & Townhomes
In May 2017 38 condos/townhomes sold in the Cornelius area, an 18.8% increase from the 32 Cornelius condos or townhomes sold in April 2017. May 2017 sales figures increased 35.7% from May 2016 when 28 Cornelius condos sold.

The average sales price decreased 12.7% from $225,505 in April 2017 to $196,947 in May 2017. The May 2017 average sales price increased 4.7% from the May 2016 average sales price which was $188,136.

Average days on the market decreased 20.5% from 39 in April to 31 in May. May 2016 average days on the market were 45, a decrease of 31.1% market time from one year ago.

Currently there are 18 active condo/townhomes for sale in the Cornelius MLS area, a 48.6% decrease from the 35 Cornelius condos for sale in May. The average list price is $264,205, up 3% from May’s average list price of $256,403. 54 Cornelius condos/townhomes are currently under contract, a 14.9% increase from May. Based on these figures, .5 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In May 2017 0 lots sold in the Cornelius area, a 100% deincrease from the 4 Cornelius lots sold in April 2017. May 2017 sales figures decreased 100% from May 2016 when 2 Cornelius lots sold.

The average sales price increased NA% from $535,000 in April to $NA in May. The May 2017 average sales price decreased NA% from the May 2016 average sales price which was $1,071,500.

Average days on the market increased NA% from 211 in April to NA in May. The May 2016 average days on the market were 13, an NA% increase in market time versus the same time period last year.

Currently there are 29 active lot listings in the Cornelius MLS area, a decrease of 9.4% from May. The average list price is $1,100,479, down 2.7% from May’s average list price of $1,131,416. 8 Cornelius lots are currently under contract, a 33% increase from May. Based on these numbers, 29 months of inventory, we are in a buyers market for Cornelius lots for sale.

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