Tag Archives: property values
Cornelius Waterfront Real Estate Market Update August 2017
Cornelius Waterfront Real Estate Stats for August 2017
Cornelius Waterfront Homes
In August 2017 9 Cornelius waterfront homes sold, an 18.2% decrease from the 11 Cornelius waterfront homes sold in July 2017. August 2017 waterfront sales figures decreased 35.7% from August 2016 when 14 Cornelius waterfront homes sold.
The average sales price increased 4.8% from $1,160,295 in July to $1,216,300 in August. The August 2017 average sales price decreased 17.7% from the August 2016 average sales price which was $1,477,357.
Average days on the market increased from 39 in July to 119 in August, a 205% increase in market time. The August 2016 average days on the market were 161, a 26.1% decrease in market time.
Currently there are 70 active Cornelius waterfront homes listed in the MLS, up 2.9% from August, with 9 more under contract, down 43.8% from August. The average list price is $1,722,196 down 2% from August. The current lowest priced Cornelius waterfront home is listed at $524,900 and the current highest priced active Cornelius waterfront home is listed at $4,795,000.
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Cornelius Waterfront Condos & Townhomes
In August 2017 6 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 33% decrease from the 9 Cornelius waterfront condos sold in July 2017. August 2017 sales figures increased 20% from August 2016 when 5 Cornelius waterfront condos sold.
The average sales price decreased 14.1% from $276,244 in July to $237,167 in August. The August 2017 average sales price decreased 11.8% from the August 2016 average sales price which was $268,900.
Average days on the market decreased 74% from 34 in July to 9 in August. The August 2016 average days on the market were 101, a 91.1% decrease in market time from one year ago.
Currently there are 9 active Cornelius waterfront condos listed in the MLS, a 12.5% increase from August, with 4 more under contract, down 43% from August. The average list price is $323,600, down 6.5% from last month. The lowest priced active Cornelius waterfront condo is listed at $209,999 and the highest priced Cornelius waterfront condo is listed at $430,000.
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Cornelius Waterfront Lots
In August 2017 1 Cornelius waterfront lot sold in the Lake Norman area, a 50% decrease from the 2 Cornelius waterfront lots sold in July 2017. August 2017 sales figures increased 0% from August 2016 when 1 Cornelius waterfront lots sold.
The August average sales price was $212,500, down 85% from the July average sales price which was $1,412,500. The average sales price decreased 77.4% from the August 2016 average sales price of $940,000.
The average days on the market increased 419% from July, from 59 to 306 days on the market in August. Days on the market were down 6.4% from August 2016 when the average was 327 days on the market.
Currently there are 17 active Cornelius waterfront lots listed in the MLS, up 30.8% from August, with 3 others under contract. The average list price is $957,144 up .9% from last month. The lowest priced Cornelius waterfront lot is listed at $439,000 and the highest priced Cornelius waterfront lot is listed at $1,650,000.
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Cornelius Real Estate Market Update August 2017
Cornelius Real Estate Market Stats for August 2017
Cornelius Homes
In August 2017 48 homes sold in the Cornelius area, a 29.4% decrease from the 68 Cornelius homes sold in July 2017. August 2017 sales figures decreased 17.2% from August 2016 when 58 homes sold in the Cornelius area.
The average sales price in Cornelius increased 3.2% from $483,318 in July to $498,631 in August. The August 2017 average sales price decreased 22% from the August 2016 average sales price which was $639,680.
Average days on the market increased 21.6% from 37 days in July to 45 days on the market in August. The August 2016 average days on the market were 74, a 39.2% decrease in market time from one year ago.
Currently there are 170 active homes for sale in the Cornelius MLS area, down 3.4% from August. The average list price is $1,021,022 up .8% from the August average list price of $1,013,130. 84 Cornelius homes are currently under contract, down 7.7% from August. 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 August 2017 30 condos/townhomes sold in the Cornelius area, a 23.1% decrease from the 39 Cornelius condos or townhomes sold in July 2017. August 2017 sales figures increased 15.4% from August 2016 when 26 Cornelius condos sold.
The average sales price decreased 11% from $216,003 in July 2017 to $192,290 in August 2017. The August 2017 average sales price increased 3.5% from the August 2016 average sales price which was $185,717.
Average days on the market decreased 15.4% from 39 in July to 33 in August. August 2016 average days on the market were 45, a decrease of 26.7% market time from one year ago.
Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 25% increase from the 20 Cornelius condos for sale in August. The average list price is $263,524, down 1.7% from August’s average list price of $268,115. 24 Cornelius condos/townhomes are currently under contract, a 48% decrease from August. Based on these figures, .8 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In August 2017 3 lots sold in the Cornelius area, a 0% increase from the 3 Cornelius lots sold in July 2017. August 2017 sales figures increased 0% from August 2016 when 3 Cornelius lots sold.
The average sales price decreased 50.7% from $955,833 in July to $470,833 in August. The August 2017 average sales price increased 18.5% from the August 2016 average sales price which was $397,333.
Average days on the market increased 278% from 116 in July to 438 in August. The August 2016 average days on the market were 326, a 34.4% increase in market time versus the same time period last year.
Currently there are 28 active lot listings in the Cornelius MLS area, an increase of 12% from August. The average list price is $1,231,580, up .6% from August’s average list price of $1,224,610. 4 Cornelius lots are currently under contract, a 20% decrease from August. Based on these numbers, 9.3 months of inventory, we are in a balanced market for Cornelius lots for sale.
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