Tag Archives: cornelius real estate
Cornelius Real Estate Market Update July 2017
Cornelius Real Estate Market Stats for July 2017
Cornelius Homes
In July 2017 67 homes sold in the Cornelius area, a 9.5% decrease from the 74 Cornelius homes sold in June 2017. July 2017 sales figures increased 59.5% from July 2016 when 42 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 13.4% from $564,888 in June to $488,993 in July. The July 2017 average sales price decreased 20.4% from the July 2016 average sales price which was $614,653.
Average days on the market decreased 38.3% from 60 days in June to 37 days on the market in July. The July 2016 average days on the market were 80, a 53.8% decrease in market time from one year ago.
Currently there are 176 active homes for sale in the Cornelius MLS area, down 6.9% from July. The average list price is $1,013,130 down 1.5% from the July average list price of $1,028,261. 91 Cornelius homes are currently under contract, up 3.4% from July. Based on these statistics, 4 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In July 2017 39 condos/townhomes sold in the Cornelius area, a 14.7% increase from the 34 Cornelius condos or townhomes sold in June 2017. July 2017 sales figures increased 50% from July 2016 when 26 Cornelius condos sold.
The average sales price decreased .5% from $217,172 in June 2017 to $216,003 in July 2017. The July 2017 average sales price decreased 7.2% from the July 2016 average sales price which was $232,756.
Average days on the market increased 25.8% from 31 in June to 39 in July. July 2016 average days on the market were 45, a decrease of 13.3% market time from one year ago.
Currently there are 20 active condo/townhomes for sale in the Cornelius MLS area, a 20% decrease from the 25 Cornelius condos for sale in July. The average list price is $268,115, down 4.7% from July’s average list price of $281,308. 46 Cornelius condos/townhomes are currently under contract, a 2.2% increase from July. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In July 2017 3 lots sold in the Cornelius area, a 50% increase from the 2 Cornelius lots sold in June 2017. July 2017 sales figures increased 200% from July 2016 when 1 Cornelius lots sold.
The average sales price decreased 23.5% from $1,250,000 in June to $955,833 in July. The July 2017 average sales price increased 429.5% from the July 2016 average sales price which was $180,500.
Average days on the market increased 314% from 28 in June to 116 in July. The July 2016 average days on the market were 338, a 65.7% decrease in market time versus the same time period last year.
Currently there are 25 active lot listings in the Cornelius MLS area, an decrease of 16.7% from July. The average list price is $1,224,610, up .8% from July’s average list price of $1,214,795. 5 Cornelius lots are currently under contract, a 37.5% decrease from July. Based on these numbers, 10 months of inventory, we are in a balanced market for Cornelius lots for sale.
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Cornelius Waterfront Real Estate Market Update June 2017
Cornelius Waterfront Real Estate Stats for June 2017
Cornelius Waterfront Homes
In June 2017 16 Cornelius waterfront homes sold, a 100% increase from the 8 Cornelius waterfront homes sold in May 2017 and the highest monthly total on record. June 2017 waterfront sales figures increased 100% from June 2016 when 8 Cornelius waterfront homes sold.
The average sales price decreased 13.8% from $1,435,813 in May to $1,237,425 in June. The June 2017 average sales price decreased 22.1% from the June 2016 average sales price which was $1,587,813.
Average days on the market increased from 106 in May to 118 in June, an 11.3% increase in market time. The June 2016 average days on the market were 84, a 40.5% increase in market time.
Currently there are 78 active Cornelius waterfront homes listed in the MLS, up 4% from June, with 13 more under contract, down 40.9% from June. The average list price is $1,756,773 up 7.9% from June. 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 June 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 12.5% increase from the 8 Cornelius waterfront condos sold in May 2017. June 2017 sales figures increased 50% from June 2016 when 6 Cornelius waterfront condos sold.
The average sales price increased 24.9% from $262,063 in May to $327,317 in June. The June 2017 average sales price increased 49.1% from the June 2016 average sales price which was $219,483.
Average days on the market decreased 35.7% from 56 in May to 36 in June. The June 2016 average days on the market were 81, a 55.6% decrease in market time from one year ago.
Currently there are 10 active Cornelius waterfront condos listed in the MLS, a 66.7% increase from June with 7 more under contract, down 53.3% from June. The average list price is $368,150, up 2.6% from last month. The lowest priced active Cornelius waterfront condo is listed at $220,000 and the highest priced Cornelius waterfront condo is listed at $659,000.
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Cornelius Waterfront Lots
In June 2017 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lots sold in May 2017. June 2017 sales figures decreased 50% from June 2016 when 4 Cornelius waterfront lots sold.
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The June average sales price was $1,250,000, down NA% from the May average sales price which was $NA. The average sales price increased 35.7% from the June 2016 average sales price of $921,250.
The average days on the market decreased NA% from May, from NA to 28 days on the market in June. Days on the market were down 54.8% from June 2016 when the average was 68 days on the market.
Currently there are 18 active Cornelius waterfront lots listed in the MLS , up 12.5% from June, with 3 others under contract. The average list price is $995,608 up 19.3% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,650,000.
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