Tag Archives: home prices
Cornelius Real Estate Market Update March 2017
Cornelius Real Estate Market Stats for March 2017
Cornelius Homes
In March 2017 51 homes sold in the Cornelius area, a 143% increase from the 21 Cornelius homes sold in February 2017. March 2017 sales figures increased 2% from March 2016 when 50 homes sold in the Cornelius area.
The average sales price in Cornelius increased 27.5% from $414,170 in February to $528,148 in March. The March 2017 average sales price increased 11% from the March 2016 average sales price which was $475,861.
Average days on the market decreased 12.2% from 82 days in February to 72 days on the market in March. The March 2016 average days on the market were also 72, a 0% decrease in market time from one year ago.
Currently there are 178 active homes for sale in the Cornelius MLS area, up 6% from March. The average list price is $992,865 down .4% from the March average list price of $997,167. 103 Cornelius homes are currently under contract, up 0% from March. Based on these statistics, 5.5 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In March 2017 37 condos/townhomes sold in the Cornelius area, a 76% increase from the 21 Cornelius condos or townhomes sold in February 2017. March 2017 sales figures increased 60.9% from February 2016 when 23 Cornelius condos sold.
The average sales price decreased 10% from $223,238 in February 2017 to $200,885 in March 2017. The March 2017 average sales price decreased 2.5% from the March 2016 average sales price which was $205,978.
Average days on the market decreased 16.1% from 56 in February to 47 in March. March 2016 average days on the market were 75, an decrease of 37.3% market time from one year ago.
Currently there are 33 active condo/townhomes for sale in the Cornelius MLS area, an 8.3% decrease from the 36 Cornelius condos for sale in March. The average list price is $266,368, up 9.8% from March’s average list price of $242,602. 49 Cornelius condos/townhomes are currently under contract, a 7.5% decrease from March. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In March 2017 1 lots sold in the Cornelius area, a 66.7% decrease from the 3 Cornelius lots sold in February 2017. March 2017 sales figures decreased 66.7% from March 2016 when 3 Cornelius lots sold.
The average sales price decreased 58.2% from $520,917 in February to $217,500 in March. The March 2017 average sales price decreased 47.8% from the March 2016 average sales price which was $416,667.
Average days on the market decreased 67.8% from 199 in February to 64 in March. The March 2016 average days on the market were 170, a 62.4% decrease in market time versus the same time period last year.
Currently there are 32 active lot listings in the Cornelius MLS area, an increase of 28% from March. The average list price is $1,207,653,down 2.4% from March’s average list price of $1,237,596. 5 Cornelius lots are currently under contract, a 44.4% decrease from March. Based on these numbers, 37 months of inventory, we are in a buyers market for Cornelius lots for sale.
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Cornelius Waterfront Real Estate Market Update Febraury 2017
Cornelius Waterfront Real Estate Stats for February 2017
Cornelius Waterfront Homes
In February 2017 4 Cornelius waterfront homes sold, a 33% decrease from the 6 Cornelius waterfront homes sold in January 2017. February 2017 waterfront sales figures increased 0% from February 2016 when 4 Cornelius waterfront homes sold.
The average sales price decreased 59.2% from $1,778,750 in January to $726,000 in February. The February 2017 average sales price decreased 48.7% from the February 2016 average sales price which was $1,414,750.
Average days on the market increased from 59 in January to 113 in February, a 91.5% increase in market time. The February 2016 average days on the market were 172, a 34.3% decrease in market time.
Currently there are 66 active Cornelius waterfront homes listed in the MLS with 17 more under contract, up 41.7% from February. The average list price is $1,698,763 up .6% from February. The current lowest priced Cornelius waterfront home is listed at $610,000 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.
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Cornelius Waterfront Condos & Townhomes
In February 2017 5 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 25% increase from the 4 Cornelius waterfront condos sold in January 2017. February 2017 sales figures increased 0% from February 2016 when 5 Cornelius waterfront condos sold.
The average sales price increased 40.6% from $235,563 in January to $331,100 in February. The February 2017 average sales price increased 66.3% from the February 2016 average sales price which was $199,100.
Average days on the market decreased 82% from 61 in January to 11 in February. The February 2016 average days on the market were 106, an 89.6% decrease in market time from one year ago.
Currently there are 8 active Cornelius waterfront condos listed in the MLS with 9 more under contract, a 25% decrease from February. The average list price is $377,328, down 17.5% from last month. The lowest priced active Cornelius waterfront condo is listed at $165,000 and the highest priced Cornelius waterfront condo is listed at $715,000.
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Cornelius Waterfront Lots
In February 2017 3 Cornelius waterfront lot sold in the Lake Norman area, a 300% increase from the 0 Cornelius waterfront lots sold in January 2017. February 2017 sales figures increased 300% from February 2016 when 0 Cornelius waterfront lots sold.
The February average sales price was $520,917, down NA% from the January average sales price which was $NA. The average sales price increased NA% from the February 2016 average sales price of $NA.
The average days on the market decreased NA% from January, from NA to 199 days on the market in February. Days on the market were up NA% from February 2016 when the average was NA days on the market.
Currently there are 13 active Cornelius waterfront lots listed in the MLS with 3 others under contract, down 25% from February. The average list price is $928,615, down 6.7% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,589,000.
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