Cornelius NC Real Estate

May 2016 Cornelius Waterfront Real Estate Update

Cornelius Waterfront Homes
In May 2016 5 Cornelius waterfront homes sold, a 16.7% decrease from the 6 Cornelius waterfront homes sold in April. May 2016 waterfront sales figures decreased 44.4% from May 2015 when 9 Cornelius waterfront homes sold.

The average sales price increased 58% from $851,917 in April to $1,349,000 in May. The May 2016 average sales price increased 28.6% from the May 2015 average sales price which was $1,048,750.

Average days on the market increased from 96 in April to 240 in May, a 150% increase in market time. The May 2015 average days on the market were 132, an 81.8% increase in market time.

Currently there are 88 active Cornelius waterfront homes listed in the MLS with 14 more under contract, down 6.7% from May. The average list price is $1,526,875 down 2.5% from May. The current lowest priced Cornelius waterfront home is listed at $599,900 and the current highest priced active Cornelius waterfront home is listed at $3,950,000.

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Cornelius Waterfront Condos & Townhomes
In May 2016 2 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 33% decrease from the 3 Cornelius waterfront condos sold in April. May 2016 sales figures decreased 84.6% from May 2015 when 13 Cornelius waterfront condos sold.

The average sales price increased 129% from $137,917 in April to $315,250 in May. The May 2016 average sales price increased 26.9% from the May 2015 average sales price which was $248,462.

Average days on the market increased 1288% from 16 in April to 222 in May. The May 2015 average days on the market were 61, a 263% increase in market time.

Currently there are 36 active Cornelius waterfront condos listed in the MLS with 10 more under contract, a 67% increase from May. The average list price is $311,289, down 5.6% from last month. The lowest priced active Cornelius waterfront condo is listed at $149,900 and the highest priced Cornelius waterfront condo is listed at $490,000.

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Cornelius Waterfront Lots
In May 2016 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 1 Cornelius waterfront lot sold in April. The average sales price was $1,071,500, up 239% from the April average sales price which was $316,000. May 2016 sales figures decreased 33% from May 2015 when 3 Cornelius waterfront lots sold. The average sales price increased 39.3% from the May 2015 average sales price of $769,333.

The average days on the market decreased 75% from April, from 51 to 13 days on the market in May. Days on the market were down 95.2% from May 2015 when the average was 270 days on the market.

Currently there are 24 active Cornelius waterfront lots listed in the MLS with 4 under contract, down 50% from May. The average list price is $871,029, up 3.3% from last month. The lowest priced Cornelius waterfront lot is listed at $365,000 and the highest priced Cornelius waterfront lot is listed at $1,500,000.

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