Tag Archives: lake norman waterfront homes
Cornelius Waterfront Real Estate Market Update January 2015
Cornelius Waterfront Homes
In January 2015 3 Cornelius waterfront homes sold, a 40% decrease from the 5 Cornelius waterfront homes sold in December 2014. January 2015 waterfront sales figures increased 50% from January 2014 when 2 Cornelius waterfront homes sold.
The average sales price increased 3.8% from $1,326,000 in December 2014 to $1,375,833 in January 2015. The January 2015 average sales price decreased 4.7% from the January 2014 average sales price which was $1,444,000.
Average days on the market increased from 135 in December 2014 to 162 in January 2015, an 20% increase in market time. January 2014 average days on the market were 324, a 50% decrease in market time.
Currently there are 58 Cornelius waterfront homes listed in the MLS with 7 of those under contract, up 250% from December. The average list price is $1,451,401 down 7.2% from December. The current lowest priced Cornelius waterfront home is listed at $475,000 and the current highest priced Cornelius waterfront home is listed at $4,399,000.
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Cornelius Waterfront Condos & Townhomes
In January 2015 2 Cornelius waterfront condos or townhomes sold in the Lake Norman area, a 0% decrease from the 2 Cornelius waterfront condos sold in December 2014. January 2015 sales figures decreased 50% from January 2014 when 4 Cornelius waterfront condos sold.
The average sales price decreased 32.5% from $389,000 in December 2014 to $262,500 in January 2015. January 2015 average sales price decreased 14.7% from the January 2014 average sales price which was $307,562.
Average days on the market increased 115% from 20 in December 2014 to 43 in January 2015. January 2014 average days on the market were 159, a 73% decrease in market time.
Currently there are 36 Cornelius waterfront condos listed in the MLS with 6 of those under contract, a 2.9% increase from December. The average list price is $251,394, up 2.3% from last month. The lowest priced Cornelius waterfront condo is listed at $125,000 and the highest priced Cornelius waterfront condo is listed at $495,000.
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 2015 3 Cornelius waterfront lots sold in the Lake Norman area, a 50% increase from the 2 Cornelius waterfront lots sold in December 2014. The average sales price was $741,667, up 12.5% from the December average sales price which was $659,500. January 2015 sales figures increased 0% from January 2014 when 3 Cornelius waterfront lots sold. The average sales price increased 82.1% from the January 2014 average sales price of $407,333.
The average days on the market increased 197% from December, from 66 to 196 days on the market in January. Days on the market were down 16.2% from January 2014 when the average was 234 days on the market.
Currently there are 15 Cornelius waterfront lots listed in the MLS with 4 of those under contract, up 100% from December. The average list price is $955,040, up 9.6% from last month. The lowest priced Cornelius waterfront lot is listed at $325,000 and the highest priced Cornelius waterfront lot is listed at $2,350,000.
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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2014 Cornelius Waterfront Real Estate Market Review
The Cornelius waterfront real estate market had a slight decline in total sales, down 5.2% from 2013. This can be attributed to low inventory and higher prices.
The average sales price increased 12.5% from the 2013 average sales price. It was the highest average sales price since 2008. Limited inventory created competition for fewer listings, thus increasing prices.
The median sales price increased a whooping 31% from the 2013 median sales price. It was the highest median sales price since 2008.
The average price per square foot increased 7.8% from the 2013 average price per square foot and was the highest since 2008.
The average days on the market decreased 19% from 2013 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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