Tag Archives: property values
Cornelius Waterfront Real Estate Market Update June 2017
Cornelius Waterfront Real Estate Stats for June 2017
Cornelius Waterfront Homes
In June 2017 16 Cornelius waterfront homes sold, a 100% increase from the 8 Cornelius waterfront homes sold in May 2017 and the highest monthly total on record. June 2017 waterfront sales figures increased 100% from June 2016 when 8 Cornelius waterfront homes sold.
The average sales price decreased 13.8% from $1,435,813 in May to $1,237,425 in June. The June 2017 average sales price decreased 22.1% from the June 2016 average sales price which was $1,587,813.
Average days on the market increased from 106 in May to 118 in June, an 11.3% increase in market time. The June 2016 average days on the market were 84, a 40.5% increase in market time.
Currently there are 78 active Cornelius waterfront homes listed in the MLS, up 4% from June, with 13 more under contract, down 40.9% from June. The average list price is $1,756,773 up 7.9% from June. 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 June 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 12.5% increase from the 8 Cornelius waterfront condos sold in May 2017. June 2017 sales figures increased 50% from June 2016 when 6 Cornelius waterfront condos sold.
The average sales price increased 24.9% from $262,063 in May to $327,317 in June. The June 2017 average sales price increased 49.1% from the June 2016 average sales price which was $219,483.
Average days on the market decreased 35.7% from 56 in May to 36 in June. The June 2016 average days on the market were 81, a 55.6% decrease in market time from one year ago.
Currently there are 10 active Cornelius waterfront condos listed in the MLS, a 66.7% increase from June with 7 more under contract, down 53.3% from June. The average list price is $368,150, up 2.6% from last month. The lowest priced active Cornelius waterfront condo is listed at $220,000 and the highest priced Cornelius waterfront condo is listed at $659,000.
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Cornelius Waterfront Lots
In June 2017 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lots sold in May 2017. June 2017 sales figures decreased 50% from June 2016 when 4 Cornelius waterfront lots sold.
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The June average sales price was $1,250,000, down NA% from the May average sales price which was $NA. The average sales price increased 35.7% from the June 2016 average sales price of $921,250.
The average days on the market decreased NA% from May, from NA to 28 days on the market in June. Days on the market were down 54.8% from June 2016 when the average was 68 days on the market.
Currently there are 18 active Cornelius waterfront lots listed in the MLS , up 12.5% from June, with 3 others under contract. The average list price is $995,608 up 19.3% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,650,000.
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Cornelius Real Estate Market Update June 2017
Cornelius Real Estate Market Stats for June 2017
Cornelius Homes
In June 2017 73 homes sold in the Cornelius area, a 37.7% increase from the 53 Cornelius homes sold in May 2017 and the highest total sales since June 2006. June 2017 sales figures increased 21.7% from June 2016 when 60 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 7% from $606,700 in May to $564,433 in June. The June 2017 average sales price increased .5% from the June 2016 average sales price which was $561,431.
Average days on the market decreased 20.8% from 77 days in May to 61 days on the market in June. The June 2016 average days on the market were 45, a 35.6% increase in market time from one year ago.
Currently there are 189 active homes for sale in the Cornelius MLS area, down 3.6% from June. The average list price is $1,028,261 up 10.6% from the June average list price of $929,595. 88 Cornelius homes are currently under contract, down 20% from June. Based on these statistics, 2.6 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In June 2017 34 condos/townhomes sold in the Cornelius area, a 10.5% decrease from the 38 Cornelius condos or townhomes sold in May 2017. June 2017 sales figures increased 13.3% from June 2016 when 30 Cornelius condos sold.
The average sales price increased 10.3% from $196,947 in May 2017 to $217,172 in June 2017. The June 2017 average sales price increased 21.3% from the June 2016 average sales price which was $179,030.
Average days on the market decreased 0% from 31 in May to 31 in June. June 2016 average days on the market were 45, a decrease of 34% market time from one year ago.
Currently there are 25 active condo/townhomes for sale in the Cornelius MLS area, a 38.9% increase from the 18 Cornelius condos for sale in June. The average list price is $281,308, up 6.5% from June’s average list price of $264,205. 45 Cornelius condos/townhomes are currently under contract, a 16.7% decrease from June. Based on these figures, .7 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In June 2017 2 lots sold in the Cornelius area, a 200% increase from the 0 Cornelius lots sold in May 2017. June 2017 sales figures decreased 50% from June 2016 when 4 Cornelius lots sold.
The average sales price increased NA% from $NA in May to $1,250,000 in June. The June 2017 average sales price increased 35.7% from the June 2016 average sales price which was $921,250.
Average days on the market increased NA% from NA in May to 28 in June. The June 2016 average days on the market were 68, an 54.8% decrease in market time versus the same time period last year.
Currently there are 30 active lot listings in the Cornelius MLS area, an increase of 3.4% from June. The average list price is $1,214,795, up 10.4% from June’s average list price of $1,100,479. 8 Cornelius lots are currently under contract, a 0% increase from June. Based on these numbers, 15 months of inventory, we are in a buyers market for Cornelius lots for sale.
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