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Cornelius Waterfront Real Estate Market Update May 2018

Cornelius Waterfront Real Estate Update

Cornelius Waterfront Real Estate Stats May 2018

Cornelius Waterfront Homes

In May 2018 9 Cornelius waterfront homes sold in the Cornelius real estate market, a 25% decrease from the 12 Cornelius waterfront homes sold in April. May 2018 waterfront sales figures increased 12.5% from May 2017 when 8 Cornelius waterfront homes sold.

The average sales price decreased 2.7% from $1,642,888 in April to $1,598,544 in May. The May 2018 average sales price increased 11% from the May 2017 average sales price which was $1,435,813.

Average days on the market increased from 96 in April to 155 in May, a 61.5% increase in market time. The May 2017 average days on the market were 106, a 46% increase in market time from one year ago.

Currently there are 60 active Cornelius waterfront homes listed in the Cornelius real estate market, up 3.4% from May, with 17 more under contract, down 29% from May. The average list price is $1,555,476 down 6% from May. The current lowest priced Cornelius waterfront home is listed at $419,000 and the current highest priced active Cornelius waterfront home is listed at $4,275,000.

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Cornelius Waterfront Condos & Townhomes

In May 8 Cornelius waterfront condos or townhomes sold in the Cornelius real estate market, a 33% increase from the 6 Cornelius waterfront condo sold in April. May 2018 sales figures increased 0% from May 2017 when 8 Cornelius waterfront condos sold.

The average sales price decreased 26% from $382,917 in April to $283,113 in May. The May 2018 average sales price increased 8% from the May 2017 average sales price which was $262,063.

Average days on the market increased 0% from 38 in April to 38 in May. The May 2017 average days on the market were 56, a 32% decrease in market time from one year ago.

Currently there are 17 active Cornelius waterfront condos listed in the Cornelius real estate market, a 31% increase from May, with 11 more under contract, up 22% from May. The average list price is $319,219, down 9.2% from last month. The lowest priced active Cornelius waterfront condo is listed at $189,900 and the highest priced Cornelius waterfront condo is listed at $444,850.

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Cornelius Waterfront Lots

In May 0 Cornelius waterfront lot sold in the Cornelius real estate  market, a 100% decrease from the 1 Cornelius waterfront lots sold in April. May 2018 sales figures decreased 0% from May 2017 when 0 Cornelius waterfront lots sold.

The May average sales price was $NA, up NA% from the April average sales price which was $795,000. The May 2018 average sales price decreased NA% from the May 2017 average sales price of $NA.

The average days on the market increased NA% from April, from 7 to NA days on the market in May. May 2018 days on the market were down NA% from May 2017 when the average was NA days on the market.

Currently there are 22 active Cornelius waterfront lots listed in the Cornelius real estate market, up 16% from May, with 1 lots under contract. The average list price is $1,126,418 down 1.9% from last month. The lowest priced Cornelius waterfront lot is listed at $354,900 and the highest priced Cornelius waterfront lot is listed at $1,650,000.

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Cornelius Real Estate Market Update May 2018

Cornelius Real Estate Market Report

Cornelius Real Estate Market Stats for May 2018

Cornelius Homes
In May 2018 55 homes sold in the Cornelius area, a 1.8% decrease from the 56 Cornelius homes sold in April 2018. May 2018 sales figures increased 3.8% from May 2017 when 53 homes sold in the Cornelius real estate market.

The average sales price in Cornelius decreased 3.8% from $615,888 in April to $592,398 in May. May 2018 average sales price decreased 2.4% from the May 2017 average sales price which was $606,700.

Average days on the market increased 51% from 45 days in April to 68 days on the market in May. The May 2017 average days on the market were 77, an 11.7% decrease in market time from one year ago.

Currently there are 173 active homes for sale in the Cornelius real estate market, up 16% from May. The average list price is $964,692 down .3% from the May average list price of $967,694. 103 Cornelius homes are currently under contract, down 2.8% from May. Based on these statistics, 3.1 months of inventory, we are currently in a sellers real estate market in Cornelius.

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Cornelius Condos & Townhomes
In May 2018 31 condos/townhomes sold in the Cornelius real estate market, a 19% increase from the 26 Cornelius condos or townhomes sold in April. May 2018 sales figures decreased 18% from May 2017 when 38 Cornelius condos sold.

The average sales price decreased 12% from $241,110 in April to $212,437 in May. The May 2018 average sales price increased 7.9% from the May 2017 average sales price which was $196,947.

Average days on the market increased 25% from 16 in March to 20 in April. April 2017 average days on the market were 31, a decrease of 35.5% market time from one year ago.

Currently there are 39 active condo/townhomes for sale in the Cornelius real estate market, a 15% decrease from the 46 Cornelius condos for sale in May . The average list price is $402,975, up 9.7% from May’s average list price of $367,476. 53 Cornelius condos/townhomes are currently under contract, a 51% increase from May. Based on these figures, 1.3 months of inventory, we are currently in a sellers market for Cornelius condos.

Cornelius Lots
In May 1 lots sold in the Cornelius area, a 0% decrease from the 1 Cornelius lots sold in April. May 2018 sales figures increased 100% from May 2017 when 0 Cornelius lots sold.

The average sales price decreased 86.2% from $795,000 in March to $110,000 in April. The April 2018 average sales price increased NA% from the April 2017 average sales price which was $NA.

Average days on the market increased 57% from 7 in April to 11 in May. The May 2017 average days on the market were NA, a NA% decrease in market time versus the same time period last year.

Currently there are 36 active lot listings in the Cornelius real estate market, an increase of 6% from May. The average list price is $815,199, up 4.4% from May’s average list price of $780,772. 9 Cornelius lots are currently under contract, a 29% increase from May. Based on these numbers, 36 months of inventory, we are in a buyers market for Cornelius lots for sale.

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