Tag Archives: property values
Cornelius Waterfront Real Estate Market Update April 2017
Cornelius Waterfront Real Estate Stats for April 2017
Cornelius Waterfront Homes
In April 2017 5 Cornelius waterfront homes sold, a 37.5% decrease from the 8 Cornelius waterfront homes sold in March 2017. April 2017 waterfront sales figures decreased 16.7% from April 2016 when 6 Cornelius waterfront homes sold.
The average sales price decreased 15.6% from $1,298,715 in March to $1,096,255 in April. The April 2017 average sales price increased 28.7% from the April 2016 average sales price which was $851,917.
Average days on the market increased from 115 in March to 226 in April, a 96.5% increase in market time. The April 2016 average days on the market were 96, a 135.4% increase in market time.
Currently there are 71 active Cornelius waterfront homes listed in the MLS with 19 more under contract, up 11.8% from April. The average list price is $1,729,849 up 4.6% from April. The current lowest priced Cornelius waterfront home is listed at $599,900 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.
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Cornelius Waterfront Condos & Townhomes
In April 2017 5 Cornelius waterfront condo or townhome sold in the Lake Norman area, an 44.4% decrease from the 9 Cornelius waterfront condos sold in March 2017. April 2017 sales figures increased 66.7% from April 2016 when 3 Cornelius waterfront condos sold.
The average sales price increased 80.4% from $250,556 in March to $452,000 in April. The April 2017 average sales price increased 228% from the April 2016 average sales price which was $137,917.
Average days on the market increased 32.1% from 56 in March to 74 in April. The April 2016 average days on the market were 16, a 363% increase in market time from one year ago.
Currently there are 12 active Cornelius waterfront condos listed in the MLS with 11 more under contract, a 22.2% increase from April. The average list price is $353,633, down 10.2% from last month. The lowest priced active Cornelius waterfront condo is listed at $168,900 and the highest priced Cornelius waterfront condo is listed at $659,900.
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Cornelius Waterfront Lots
In April 2017 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius waterfront lots sold.
The April average sales price was $862,500, down NA% from the March average sales price which was $NA. The average sales price increased 172.9% from the April 2016 average sales price of $316,000.
The average days on the market decreased NA% from March, from NA to 241 days on the market in April. Days on the market were up 372.5% from April 2016 when the average was 51 days on the market.
Currently there are 18 active Cornelius waterfront lots listed in the MLS with 3 others under contract, up 50% from April. The average list price is $917,000 down 11.4% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,500,000.
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Cornelius Real Estate Market Update April 2017
Cornelius Real Estate Market Stats for April 2017
Cornelius Homes
In April 2017 52 homes sold in the Cornelius area, a 2% increase from the 51 Cornelius homes sold in March 2017. April 2017 sales figures increased 20.9% from April 2016 when 43 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 16.3% from $528,148 in March to $442,267 in April. The April 2017 average sales price decreased .3% from the April 2016 average sales price which was $443,690.
Average days on the market decreased 11.1% from 72 days in March to 64 days on the market in April. The April 2016 average days on the market were 59, an 8.5% increase in market time from one year ago.
Currently there are 181 active homes for sale in the Cornelius MLS area, up 1.7% from April. The average list price is $1,003,619 up 1.1% from the April average list price of $992,865. 116 Cornelius homes are currently under contract, up 12.6% from April. 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 April 2017 32 condos/townhomes sold in the Cornelius area, a 13.5% decrease from the 37 Cornelius condos or townhomes sold in March 2017. April 2017 sales figures increased 45.5% from April 2016 when 22 Cornelius condos sold.
The average sales price increased 12.3% from $200,885 in March 2017 to $225,505 in April 2017. The April 2017 average sales price increased 31.9% from the April 2016 average sales price which was $170,991.
Average days on the market decreased 17% from 47 in March to 39 in April. April 2016 average days on the market were 23, an increase of 69.6% market time from one year ago.
Currently there are 35 active condo/townhomes for sale in the Cornelius MLS area, a 6.1% increase from the 33 Cornelius condos for sale in April. The average list price is $256,403, down 3.7% from April’s average list price of $266,368. 47 Cornelius condos/townhomes are currently under contract, a 4.1% decrease from April. Based on these figures, 1.1 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In April 2017 4 lots sold in the Cornelius area, a 300% increase from the 1 Cornelius lots sold in March 2017. April 2017 sales figures increased 100% from April 2016 when 2 Cornelius lots sold.
The average sales price increased 146% from $217,500 in March to $535,000 in April. The April 2017 average sales price increased 174% from the April 2016 average sales price which was $195,500.
Average days on the market increased 230% from 64 in March to 211 in April. The April 2016 average days on the market were 118, a 78.8% increase in market time versus the same time period last year.
Currently there are 31 active lot listings in the Cornelius MLS area, an decrease of 3% from April. The average list price is $1,131,416, down 6.3% from April’s average list price of $1,207,653. 6 Cornelius lots are currently under contract, a 20% increase from April. Based on these numbers, 7.8 months of inventory, we are in a balanced market for Cornelius lots for sale.
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