Tag Archives: home prices
Cornelius Real Estate Market Update April 2017
Cornelius Real Estate Market Stats for April 2017
Cornelius Homes
In April 2017 52 homes sold in the Cornelius area, a 2% increase from the 51 Cornelius homes sold in March 2017. April 2017 sales figures increased 20.9% from April 2016 when 43 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 16.3% from $528,148 in March to $442,267 in April. The April 2017 average sales price decreased .3% from the April 2016 average sales price which was $443,690.
Average days on the market decreased 11.1% from 72 days in March to 64 days on the market in April. The April 2016 average days on the market were 59, an 8.5% increase in market time from one year ago.
Currently there are 181 active homes for sale in the Cornelius MLS area, up 1.7% from April. The average list price is $1,003,619 up 1.1% from the April average list price of $992,865. 116 Cornelius homes are currently under contract, up 12.6% from April. Based on these statistics, 3.5 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In April 2017 32 condos/townhomes sold in the Cornelius area, a 13.5% decrease from the 37 Cornelius condos or townhomes sold in March 2017. April 2017 sales figures increased 45.5% from April 2016 when 22 Cornelius condos sold.
The average sales price increased 12.3% from $200,885 in March 2017 to $225,505 in April 2017. The April 2017 average sales price increased 31.9% from the April 2016 average sales price which was $170,991.
Average days on the market decreased 17% from 47 in March to 39 in April. April 2016 average days on the market were 23, an increase of 69.6% market time from one year ago.
Currently there are 35 active condo/townhomes for sale in the Cornelius MLS area, a 6.1% increase from the 33 Cornelius condos for sale in April. The average list price is $256,403, down 3.7% from April’s average list price of $266,368. 47 Cornelius condos/townhomes are currently under contract, a 4.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In April 2017 4 lots sold in the Cornelius area, a 300% increase from the 1 Cornelius lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius lots sold.
The average sales price increased 146% from $217,500 in March to $535,000 in April. The April 2017 average sales price increased 174% from the April 2016 average sales price which was $195,500.
Average days on the market increased 230% from 64 in March to 211 in April. The April 2016 average days on the market were 118, a 78.8% increase in market time versus the same time period last year.
Currently there are 31 active lot listings in the Cornelius MLS area, an decrease of 3% from April. The average list price is $1,131,416, down 6.3% from April’s average list price of $1,207,653. 6 Cornelius lots are currently under contract, a 20% increase from April. Based on these numbers, 7.8 months of inventory, we are in a balanced market for Cornelius lots for sale.
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Cornelius Waterfront Real Estate Market Update March 2017
Cornelius Waterfront Real Estate Stats for March 2017
Cornelius Waterfront Homes
In March 2017 8 Cornelius waterfront homes sold, a 100% increase from the 4 Cornelius waterfront homes sold in February 2017. March 2017 waterfront sales figures increased 60% from March 2016 when 5 Cornelius waterfront homes sold.
The average sales price increased 78.9% from $726,000 in February to $1,298,715 in March. The March 2017 average sales price decreased 12% from the March 2016 average sales price which was $1,475,000.
Average days on the market increased from 113 in February to 115 in March, a 1.7% decrease in market time. The March 2016 average days on the market were 65, a 76.9% increase in market time.
Currently there are 73 active Cornelius waterfront homes listed in the MLS with 17 more under contract, up 0% from March. The average list price is $1,653,738 down 2.7% from March. The current lowest priced Cornelius waterfront home is listed at $599,900 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.
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Cornelius Waterfront Condos & Townhomes
In March 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, an 80% increase from the 5 Cornelius waterfront condos sold in February 2017. March 2017 sales figures increased 50% from March 2016 when 6 Cornelius waterfront condos sold.
The average sales price decreased 24.3% from $331,100 in February to $250,556 in March. The March 2017 average sales price decreased 3.7% from the March 2016 average sales price which was $260,217.
Average days on the market increased 409% from 11 in February to 56 in March. The March 2016 average days on the market were 59, a 5.1% decrease in market time from one year ago.
Currently there are 10 active Cornelius waterfront condos listed in the MLS with 9 more under contract, a 0% decrease from March. The average list price is $394,020, up 4.4% from last month. The lowest priced active Cornelius waterfront condo is listed at $200,000 and the highest priced Cornelius waterfront condo is listed at $689,000.
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Cornelius Waterfront Lots
In March 2017 0 Cornelius waterfront lot sold in the Lake Norman area, a 100% decrease from the 3 Cornelius waterfront lots sold in February 2017. March 2017 sales figures decreased 100% from March 2016 when 1 Cornelius waterfront lot sold.
The March average sales price was $N/A, down N/A% from the February average sales price which was $520,917. The average sales price increased N/A% from the March 2016 average sales price of $925,000.
The average days on the market decreased N/A% from February, from 199 to N/A days on the market in March. Days on the market were up N/A% from March 2016 when the average was 403 days on the market.
Currently there are 19 active Cornelius waterfront lots listed in the MLS with 2 others under contract, down 33% from March. The average list price is $1,034,832 up 11.4% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,700,000.
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