Tag Archives: property values
Cornelius Waterfront Real Estate Market Update July 2017
Cornelius Waterfront Real Estate Stats for July 2017
Cornelius Waterfront Homes
In July 2017 11 Cornelius waterfront homes sold, a 31.3% decrease from the 16 Cornelius waterfront homes sold in June 2017. July 2017 waterfront sales figures increased 83.3% from July 2016 when 6 Cornelius waterfront homes sold.
The average sales price decreased 6.2% from $1,237,425 in June to $1,160,295 in July. The July 2017 average sales price decreased 42.8% from the July 2016 average sales price which was $2,028,333.
Average days on the market decreased from 118 in June to 39 in July, a 67% decrease in market time. The July 2016 average days on the market were 239, a 69.7% decrease in market time.
Currently there are 68 active Cornelius waterfront homes listed in the MLS, down 14.1% from July, with 16 more under contract, up 23.1% from July. The average list price is $1,757,255 up .02% from July. 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 July 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 0% increase from the 9 Cornelius waterfront condos sold in June 2017. July 2017 sales figures increased 12.5% from July 2016 when 8 Cornelius waterfront condos sold.
The average sales price decreased 15.6% from $327,314 in June to $276,244 in July. The July 2017 average sales price decreased 1.5% from the July 2016 average sales price which was $280,375.
Average days on the market decreased 5.6% from 36 in June to 34 in July. The July 2016 average days on the market were 61, a 44.3% decrease in market time from one year ago.
Currently there are 8 active Cornelius waterfront condos listed in the MLS, a 20% decrease from July, with 7 more under contract, down 0% from July. The average list price is $303,767, down 17.5% 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 $475,000.
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Cornelius Waterfront Lots
In July 2017 2 Cornelius waterfront lot sold in the Lake Norman area, a 0% increase from the 2 Cornelius waterfront lots sold in June 2017. July 2017 sales figures increased 200% from July 2016 when 0 Cornelius waterfront lots sold.
The July average sales price was $1,412,500, up 13% from the June average sales price which was $1,250,000. The average sales price increased NA% from the July 2016 average sales price of $NA.
The average days on the market increased 111% from June, from 28 to 59 days on the market in July. Days on the market were down NA% from July 2016 when the average was NA days on the market.
Currently there are 13 active Cornelius waterfront lots listed in the MLS, down 18.8% from July, with 3 others under contract. The average list price is $948,650 down 4.7% 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 July 2017
Cornelius Real Estate Market Stats for July 2017
Cornelius Homes
In July 2017 67 homes sold in the Cornelius area, a 9.5% decrease from the 74 Cornelius homes sold in June 2017. July 2017 sales figures increased 59.5% from July 2016 when 42 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 13.4% from $564,888 in June to $488,993 in July. The July 2017 average sales price decreased 20.4% from the July 2016 average sales price which was $614,653.
Average days on the market decreased 38.3% from 60 days in June to 37 days on the market in July. The July 2016 average days on the market were 80, a 53.8% decrease in market time from one year ago.
Currently there are 176 active homes for sale in the Cornelius MLS area, down 6.9% from July. The average list price is $1,013,130 down 1.5% from the July average list price of $1,028,261. 91 Cornelius homes are currently under contract, up 3.4% from July. Based on these statistics, 4 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In July 2017 39 condos/townhomes sold in the Cornelius area, a 14.7% increase from the 34 Cornelius condos or townhomes sold in June 2017. July 2017 sales figures increased 50% from July 2016 when 26 Cornelius condos sold.
The average sales price decreased .5% from $217,172 in June 2017 to $216,003 in July 2017. The July 2017 average sales price decreased 7.2% from the July 2016 average sales price which was $232,756.
Average days on the market increased 25.8% from 31 in June to 39 in July. July 2016 average days on the market were 45, a decrease of 13.3% market time from one year ago.
Currently there are 20 active condo/townhomes for sale in the Cornelius MLS area, a 20% decrease from the 25 Cornelius condos for sale in July. The average list price is $268,115, down 4.7% from July’s average list price of $281,308. 46 Cornelius condos/townhomes are currently under contract, a 2.2% increase from July. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In July 2017 3 lots sold in the Cornelius area, a 50% increase from the 2 Cornelius lots sold in June 2017. July 2017 sales figures increased 200% from July 2016 when 1 Cornelius lots sold.
The average sales price decreased 23.5% from $1,250,000 in June to $955,833 in July. The July 2017 average sales price increased 429.5% from the July 2016 average sales price which was $180,500.
Average days on the market increased 314% from 28 in June to 116 in July. The July 2016 average days on the market were 338, a 65.7% decrease in market time versus the same time period last year.
Currently there are 25 active lot listings in the Cornelius MLS area, an decrease of 16.7% from July. The average list price is $1,224,610, up .8% from July’s average list price of $1,214,795. 5 Cornelius lots are currently under contract, a 37.5% decrease from July. Based on these numbers, 10 months of inventory, we are in a balanced market for Cornelius lots for sale.
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