Tag Archives: property values
Cornelius Waterfront Real Estate Market Update May 2017
Cornelius Waterfront Real Estate Stats for May 2017
Cornelius Waterfront Homes
In May 2017 8 Cornelius waterfront homes sold, a 60% increase from the 5 Cornelius waterfront homes sold in April 2017. May 2017 waterfront sales figures increased 60% from May 2016 when 5 Cornelius waterfront homes sold.
The average sales price increased 31% from $1,096,255 in April to $1,435,813 in May. The May 2017 average sales price increased 6.4% from the May 2016 average sales price which was $1,349,000.
Average days on the market increased from 226 in April to 106 in May, a 53.1% decrease in market time. The May 2016 average days on the market were 240, a 55.8% decrease in market time.
Currently there are 75 active Cornelius waterfront homes listed in the MLS, up 5.6% from May, with 22 more under contract, up 15.8% from May. The average list price is $1,628,369 down 5.9% from May. The current lowest priced Cornelius waterfront home is listed at $535,000 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.
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Cornelius Waterfront Condos & Townhomes
In May 2017 8 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 60% increase from the 5 Cornelius waterfront condos sold in April 2017. May 2017 sales figures increased 300% from May 2016 when 2 Cornelius waterfront condos sold.
The average sales price decreased 42% from $452,000 in April to $262,063 in May. The May 2017 average sales price decreased 16.% from the May 2016 average sales price which was $315,250.
Average days on the market decreased 24.3% from 74 in April to 56 in May. The May 2016 average days on the market were 222, a 74.8% decrease in market time from one year ago.
Currently there are 6 active Cornelius waterfront condos listed in the MLS, a 50% decrease from May with 15 more under contract, up 36.4% from May. The average list price is $358,817, up 1.5% from last month. The lowest priced active Cornelius waterfront condo is listed at $172,900 and the highest priced Cornelius waterfront condo is listed at $659,000.
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Cornelius Waterfront Lots
In May 2017 0 Cornelius waterfront lot sold in the Lake Norman area, a 100% decrease from the 2 Cornelius waterfront lots sold in April 2017. May 2017 sales figures decreased 100% from May 2016 when 2 Cornelius waterfront lots sold.
The May average sales price was $NA, down NA% from the April average sales price which was $862,500. The average sales price increased NA% from the May 2016 average sales price of $1,071,500.
The average days on the market decreased NA% from April, from 241 to NA days on the market in May. Days on the market were up NA% from May 2016 when the average was 13 days on the market.
Currently there are 16 active Cornelius waterfront lots listed in the MLS , down 11.1% from May, with 5 others under contract. The average list price is $834,438 down 9% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,295,000.
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Cornelius Real Estate Market Update May 2017
Cornelius Real Estate Market Stats for May 2017
Cornelius Homes
In May 2017 53 homes sold in the Cornelius area, a 1.9% increase from the 52 Cornelius homes sold in April 2017. May 2017 sales figures increased 1.9% from May 2016 when 53 homes sold in the Cornelius area.
The average sales price in Cornelius increased 37.2% from $442,267 in April to $606,700 in May. The May 2017 average sales price increased 33.4% from the May 2016 average sales price which was $454,730.
Average days on the market increased 20.3 from 64 days in April to 77 days on the market in May. The May 2016 average days on the market were 61, a 26.2% increase in market time from one year ago.
Currently there are 196 active homes for sale in the Cornelius MLS area, up 8.3% from May. The average list price is $929,595 down 7.4% from the May average list price of $1,003,619. 110 Cornelius homes are currently under contract, down 5.2% from May. Based on these statistics, 3.6 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In May 2017 38 condos/townhomes sold in the Cornelius area, an 18.8% increase from the 32 Cornelius condos or townhomes sold in April 2017. May 2017 sales figures increased 35.7% from May 2016 when 28 Cornelius condos sold.
The average sales price decreased 12.7% from $225,505 in April 2017 to $196,947 in May 2017. The May 2017 average sales price increased 4.7% from the May 2016 average sales price which was $188,136.
Average days on the market decreased 20.5% from 39 in April to 31 in May. May 2016 average days on the market were 45, a decrease of 31.1% market time from one year ago.
Currently there are 18 active condo/townhomes for sale in the Cornelius MLS area, a 48.6% decrease from the 35 Cornelius condos for sale in May. The average list price is $264,205, up 3% from May’s average list price of $256,403. 54 Cornelius condos/townhomes are currently under contract, a 14.9% increase from May. Based on these figures, .5 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In May 2017 0 lots sold in the Cornelius area, a 100% deincrease from the 4 Cornelius lots sold in April 2017. May 2017 sales figures decreased 100% from May 2016 when 2 Cornelius lots sold.
The average sales price increased NA% from $535,000 in April to $NA in May. The May 2017 average sales price decreased NA% from the May 2016 average sales price which was $1,071,500.
Average days on the market increased NA% from 211 in April to NA in May. The May 2016 average days on the market were 13, an NA% increase in market time versus the same time period last year.
Currently there are 29 active lot listings in the Cornelius MLS area, a decrease of 9.4% from May. The average list price is $1,100,479, down 2.7% from May’s average list price of $1,131,416. 8 Cornelius lots are currently under contract, a 33% increase from May. Based on these numbers, 29 months of inventory, we are in a buyers market for Cornelius lots for sale.
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