Tag Archives: property values
Cornelius Waterfront Real Estate Market Update March 2017
Cornelius Waterfront Real Estate Stats for March 2017
Cornelius Waterfront Homes
In March 2017 8 Cornelius waterfront homes sold, a 100% increase from the 4 Cornelius waterfront homes sold in February 2017. March 2017 waterfront sales figures increased 60% from March 2016 when 5 Cornelius waterfront homes sold.
The average sales price increased 78.9% from $726,000 in February to $1,298,715 in March. The March 2017 average sales price decreased 12% from the March 2016 average sales price which was $1,475,000.
Average days on the market increased from 113 in February to 115 in March, a 1.7% decrease in market time. The March 2016 average days on the market were 65, a 76.9% increase in market time.
Currently there are 73 active Cornelius waterfront homes listed in the MLS with 17 more under contract, up 0% from March. The average list price is $1,653,738 down 2.7% from March. 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 March 2017 9 Cornelius waterfront condo or townhome sold in the Lake Norman area, an 80% increase from the 5 Cornelius waterfront condos sold in February 2017. March 2017 sales figures increased 50% from March 2016 when 6 Cornelius waterfront condos sold.
The average sales price decreased 24.3% from $331,100 in February to $250,556 in March. The March 2017 average sales price decreased 3.7% from the March 2016 average sales price which was $260,217.
Average days on the market increased 409% from 11 in February to 56 in March. The March 2016 average days on the market were 59, a 5.1% decrease in market time from one year ago.
Currently there are 10 active Cornelius waterfront condos listed in the MLS with 9 more under contract, a 0% decrease from March. The average list price is $394,020, up 4.4% from last month. The lowest priced active Cornelius waterfront condo is listed at $200,000 and the highest priced Cornelius waterfront condo is listed at $689,000.
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Cornelius Waterfront Lots
In March 2017 0 Cornelius waterfront lot sold in the Lake Norman area, a 100% decrease from the 3 Cornelius waterfront lots sold in February 2017. March 2017 sales figures decreased 100% from March 2016 when 1 Cornelius waterfront lot sold.
The March average sales price was $N/A, down N/A% from the February average sales price which was $520,917. The average sales price increased N/A% from the March 2016 average sales price of $925,000.
The average days on the market decreased N/A% from February, from 199 to N/A days on the market in March. Days on the market were up N/A% from March 2016 when the average was 403 days on the market.
Currently there are 19 active Cornelius waterfront lots listed in the MLS with 2 others under contract, down 33% from March. The average list price is $1,034,832 up 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 $1,700,000.
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Cornelius Real Estate Market Update March 2017
Cornelius Real Estate Market Stats for March 2017
Cornelius Homes
In March 2017 51 homes sold in the Cornelius area, a 143% increase from the 21 Cornelius homes sold in February 2017. March 2017 sales figures increased 2% from March 2016 when 50 homes sold in the Cornelius area.
The average sales price in Cornelius increased 27.5% from $414,170 in February to $528,148 in March. The March 2017 average sales price increased 11% from the March 2016 average sales price which was $475,861.
Average days on the market decreased 12.2% from 82 days in February to 72 days on the market in March. The March 2016 average days on the market were also 72, a 0% decrease in market time from one year ago.
Currently there are 178 active homes for sale in the Cornelius MLS area, up 6% from March. The average list price is $992,865 down .4% from the March average list price of $997,167. 103 Cornelius homes are currently under contract, up 0% from March. Based on these statistics, 5.5 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In March 2017 37 condos/townhomes sold in the Cornelius area, a 76% increase from the 21 Cornelius condos or townhomes sold in February 2017. March 2017 sales figures increased 60.9% from February 2016 when 23 Cornelius condos sold.
The average sales price decreased 10% from $223,238 in February 2017 to $200,885 in March 2017. The March 2017 average sales price decreased 2.5% from the March 2016 average sales price which was $205,978.
Average days on the market decreased 16.1% from 56 in February to 47 in March. March 2016 average days on the market were 75, an decrease of 37.3% market time from one year ago.
Currently there are 33 active condo/townhomes for sale in the Cornelius MLS area, an 8.3% decrease from the 36 Cornelius condos for sale in March. The average list price is $266,368, up 9.8% from March’s average list price of $242,602. 49 Cornelius condos/townhomes are currently under contract, a 7.5% decrease from March. Based on these figures, 2.2 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In March 2017 1 lots sold in the Cornelius area, a 66.7% decrease from the 3 Cornelius lots sold in February 2017. March 2017 sales figures decreased 66.7% from March 2016 when 3 Cornelius lots sold.
The average sales price decreased 58.2% from $520,917 in February to $217,500 in March. The March 2017 average sales price decreased 47.8% from the March 2016 average sales price which was $416,667.
Average days on the market decreased 67.8% from 199 in February to 64 in March. The March 2016 average days on the market were 170, a 62.4% decrease in market time versus the same time period last year.
Currently there are 32 active lot listings in the Cornelius MLS area, an increase of 28% from March. The average list price is $1,207,653,down 2.4% from March’s average list price of $1,237,596. 5 Cornelius lots are currently under contract, a 44.4% decrease from March. Based on these numbers, 37 months of inventory, we are in a buyers market for Cornelius lots for sale.
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