Cornelius Waterfront Real Estate Update May 2019

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats May 2019

Cornelius Waterfront Homes

In May 2019 4 Cornelius waterfront homes sold in the Cornelius real estate market, a 33% decrease from the 6 Cornelius waterfront homes sold in April 2019. May 2019 waterfront sales figures decreased 55.6% from May 2018 when 9 Cornelius waterfront homes sold.

The average sales price decreased 20.1% from $1,686,677 in April 2019 to $1,348,125 in May 2019. The May 2019 average sales price decreased 15.7% from the May 2018 average sales price which was $1,598,544.

Average days on the market decreased from 152 in April 2019 to 13 in May 2019, a 91.4% decrease in market time. The May 2018 average days on the market were 155, a 91.6% decrease in market time from one year ago.

Currently, there are 49 active Cornelius waterfront homes listed in the Cornelius real estate market, down 3.9% from May.  There are 14 Cornelius waterfront homes currently under contract, down 22.2% from May. The average list price of active listings is $1,846,154 up 4% from May. The current lowest priced Cornelius waterfront home is listed at $539,000 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 2019 5 Cornelius waterfront condos or townhomes sold in the Cornelius real estate market, an 0% increase from the 5 Cornelius waterfront condo sold in April 2019. May 2019 sales figures decreased 37.5% from May 2018 when 8 Cornelius waterfront condos sold.

The average sales price decreased by 4.3% from $302,600 in April 2019 to $289,560 in May 2019. The May 2019 average sales price increased 2.3% from the May 2018 average sales price which was $283,113.

Average days on the market decreased by 12.1% from 99 in April 2019 to 87 in May 2019. The May 2018 average days on the market were 38, a 129% increase in market time from one year ago.

Currently, there are 20 active Cornelius waterfront condos listed in the Cornelius real estate market, a 31% decrease from May. There are 16 Cornelius waterfront condos currently under contract, up 100% from May. The average list price of active listings is $346,130, up 5.9% from last month. The lowest priced active Cornelius waterfront condo is listed at $215,000 and the highest priced Cornelius waterfront condo is listed at $539,700.

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Cornelius Waterfront Lots

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

The May 2019 average sales price was $785,000, down NA% from the April 2019 average sales price which was $NA. The May 2019 average sales price decreased NA% from the May 2018 average sales price of $NA.

The average days on the market decreased by NA% from April 2019, from NA to 273 days on the market in May 2019. May 2019 days on the market were down NA% from May 2018 when the average was NA days on the market.

Currently, there are 16 active Cornelius waterfront lots listed in the Cornelius real estate market, up 0% from May.  There are 2 Cornelius waterfront lots currently under contract, up 100% from May. The average list price of active listings is $1,302,244 up 28% from last month. The lowest priced Cornelius waterfront lot is listed at $275,000 and the highest priced Cornelius waterfront lot is listed at $4,900,000.

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Cornelius Real Estate Market Update May 2019

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for May 2019

Cornelius Homes
In May 2019 60 homes sold in the Cornelius real estate market, a 66.7% increase from the 36 Cornelius homes sold in April 2019. May 2019 sales figures increased 5.3% from May 2018 when 57 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased by 14.5% from $597,350 in April to $510,944 in May. May 2019 average sales price decreased 12.4% from the May 2018 average sales price which was $583,489.

Average days on the market decreased by 38.3% from 60 days in April to 37 days on the market in May. The May 2018 average days on the market were 67, a 44.8% decrease in market time from one year ago.

Currently, there are 144 active homes for sale in the Cornelius real estate market, down 5.9% from May. The average list price of active listings is $980,868 up 4.3% from the May average list price of $940,063. There are 99 Cornelius homes currently under contract, down 4.8% from May. Based on these statistics, 2.4 months of inventory, we are currently in a seller’s real estate market in Cornelius.

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Cornelius Condos & Townhomes
In May 2019 26 condos/townhomes sold in the Cornelius real estate market, a 30% increase from the 20 Cornelius condos or townhomes sold in April 2019. May 2019 sales figures decreased 16.1% from May 2018 when 31 Cornelius condos sold.

The average sales price increased by 5.7% from $228,827 in April to $241,873 in May. The May 2019 average sales price increased 13.9% from the May 2018 average sales price which was $212,437.

Average days on the market decreased by 10.3% from 39 in April to 35 in May. The May 2018 average days on the market were 20, an increase of 75% market time from one year ago.

Currently, there are 63 active condo/townhomes for sale in the Cornelius real estate market, a 3.3% increase from the 61 Cornelius condos for sale in May. The average list price is $429,420, up 47.3% from May’s average list price of $291,483. 43 Cornelius condos/townhomes are currently under contract, a 16.2% increase from May. Based on these figures, 2.4 months of inventory, we are currently in a seller’s market for Cornelius condos.

Cornelius Lots
In May 2019 2 lots sold in the Cornelius area, a 100% increase from the 1 Cornelius lots sold in April 2019. May 2019 sales figures increased 100% from May 2018 when 1 Cornelius lots sold.

The average sales price increased by 245% from $160,000 in April to $552,500 in May. The May 2019 average sales price increased 402% from the May 2018 average sales price which was $110,000.

Average days on the market decreased by 48% from 271 in April 2019 to 141 in May 2019. The May 2018 average days on the market were 11, a 1182% increase in market time versus the same time period last year.

Currently, there are 24 active lot listings in the Cornelius real estate market, an increase of 14.3% from May. The average list price is $1,072,071, up 22.6% from May’s average list price of $874,367. There are 9 Cornelius lots currently under contract, a 12.5% increase from May. 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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