Tag Archives: cornelius waterfront
Cornelius Waterfront Real Estate Market Update January 2016
January 2016 Cornelius Waterfront Real Estate Update
Cornelius Waterfront Homes
In January 2016 3 Cornelius waterfront homes sold, a 25% decrease from the 4 Cornelius waterfront homes sold in December 2015. January 2016 waterfront sales figures increased 200% from January 2015 when 1 Cornelius waterfront homes sold.
The average sales price decreased 12.8% from $1,480,000 in December to $1,291,000 in January 2016. The January 2016 average sales price increased 15.3% from the January 2015 average sales price which was $1,120,000.
Average days on the market decreased from 137 in December to 15 in January 2016, an 89% decrease in market time. The January 2015 average days on the market were 315, a 95% decrease in market time.
Currently there are 54 active Cornelius waterfront homes listed in the MLS with 11 more under contract, down 26.7% from January. The average list price is $1,8618,437 down 2.4% from January. The current lowest priced Cornelius waterfront home is listed at $429,000 and the current highest priced Cornelius waterfront home is listed at $4,399,000.
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Cornelius Waterfront Condos & Townhomes
In January 2016 1 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 50% decrease from the 2 Cornelius waterfront condos sold in December 2015. January 2016 sales figures increased 50% from January 2015 when 2 Cornelius waterfront condos sold.
The average sales price decreased 65.5% from $400,250 in December to $138,000 in January 2016. The January 2016 average sales price decreased 47.4% from the January 2015 average sales price which was $262,500.
Average days on the market increased 155% from 58 in December to 148 in January 2016. The January 2015 average days on the market were 43, a 244% increase in market time.
Currently there are 27 active Cornelius waterfront condos listed in the MLS with 6 more under contract, a 200% increase from January. The average list price is $332,522, up 13.5% from last month. The lowest priced activeCornelius waterfront condo is listed at $144,900 and the highest priced Cornelius waterfront condo is listed at $729,000.
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 January 2016 0 Cornelius waterfront lot sold in the Lake Norman area, a N/A% decrease from the 0 Cornelius waterfront lots sold in December. The average sales price was $N/A, down N/A% from the December average sales price which was $N/A. January 2016 sales figures decreased 100% from January 2015 when 1 Cornelius waterfront lot sold. The average sales price decreased 100% from the January 2015 average sales price of $950,000.
The average days on the market decreased N/A% from December, from N/A to N/A days on the market in January 2016. Days on the market were up N/A% from January 2015 when the average was 55 days on the market.
Currently there are 14 active Cornelius waterfront lots listed in the MLS with 2 under contract, up 200% from January. The average list price is $946,279, down 2.3% from last month. The lowest priced Cornelius waterfront lot is listed at $375,000 and the highest priced Cornelius waterfront lot is listed at $1,650,000.
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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2015 Cornelius Waterfront Real Estate Market Review
The Cornelius waterfront real estate market had a large decline in total sales, down 31.2% from 2014. This can be attributed to low inventory, higher asking prices and Mooresville having more inventory and lower prices.
The average sales price, $1,171,962, decreased 4.1% from the 2014 average sales price.
The median sales price, $975,000, decreased 8.9% from the 2014 median sales price.
The average price per square foot, $299, increased 12.4% from the 2014 average price per square foot, $266, and was the highest since 2008.
The average days on the market, 114, decreased 13% from 2014 and was the shortest marketing time since 2009.
Please feel free to call or email me anytime to discuss market conditions in your neighborhood as I would love to talk and provide you with additional insight, discuss listing your property or talk about purchasing real estate in Cornelius and the Lake Norman area.
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