Tag Archives: cornelius real estate
Cornelius Real Estate Market Update September 2017
Cornelius Real Estate Market Stats for September 2017
Cornelius Homes
In September 2017 56 homes sold in the Cornelius area, a 14.3% increase from the 48 Cornelius homes sold in August 2017. September 2017 sales figures increased 5.7% from September 2016 when 53 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 6.2% from $498,631 in August to $467,840 in September. The September 2017 average sales price decreased 9.1% from the September 2016 average sales price which was $514,483.
Average days on the market increased 88.9% from 45 days in August to 85 days on the market in September. The September 2016 average days on the market were 49, a 73.5% increase in market time from one year ago.
Currently there are 158 active homes for sale in the Cornelius MLS area, down 7% from September. The average list price is $1,035,168 up 1.4% from the September average list price of $1,021,022. 88 Cornelius homes are currently under contract, up 4.8 from September. Based on these statistics, 2.8 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In September 2017 28 condos/townhomes sold in the Cornelius area, a 9.7% decrease from the 31 Cornelius condos or townhomes sold in August 2017. September 2017 sales figures decreased 22.2% from September 2016 when 36 Cornelius condos sold.
The average sales price increased 4.9% from $191,990 in August 2017 to $201,307 in September 2017. The September 2017 average sales price increased 1.4% from the September 2016 average sales price which was $198,575.
Average days on the market decreased 68% from 32 in August to 19 in September. September 2016 average days on the market were 57, a decrease of 66.7% market time from one year ago.
Currently there are 22 active condo/townhomes for sale in the Cornelius MLS area, a 12% decrease from the 25 Cornelius condos for sale in September. The average list price is $234,200, down 11% from September’s average list price of $263,524. 28 Cornelius condos/townhomes are currently under contract, a 16.7% increase from September. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In September 2017 2 lots sold in the Cornelius area, a 50% decrease from the 4 Cornelius lots sold in August 2017. September 2017 sales figures decreased 33% from September 2016 when 3 Cornelius lots sold.
The average sales price decreased 25% from $378,125 in August to $284,500 in September. The September 2017 average sales price decreased 60% from the September 2016 average sales price which was $711,667.
Average days on the market decreased 89% from 338 in August to 38 in September. The September 2016 average days on the market were 89, a 57.3% decrease in market time versus the same time period last year.
Currently there are 27 active lot listings in the Cornelius MLS area, a decrease of 3.6% from September. The average list price is $835,898, down 32% from September’s average list price of $1,231,580. 4 Cornelius lots are currently under contract, a 0% decrease from September. Based on these numbers, 13.5 months of inventory, we are in a buyers market for Cornelius lots for sale.
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Cornelius Waterfront Real Estate Market Update August 2017
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.
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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.
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