Tag Archives: property values
Cornelius Waterfront Real Estate Market Update Febraury 2017
Cornelius Waterfront Real Estate Stats for February 2017
Cornelius Waterfront Homes
In February 2017 4 Cornelius waterfront homes sold, a 33% decrease from the 6 Cornelius waterfront homes sold in January 2017. February 2017 waterfront sales figures increased 0% from February 2016 when 4 Cornelius waterfront homes sold.
The average sales price decreased 59.2% from $1,778,750 in January to $726,000 in February. The February 2017 average sales price decreased 48.7% from the February 2016 average sales price which was $1,414,750.
Average days on the market increased from 59 in January to 113 in February, a 91.5% increase in market time. The February 2016 average days on the market were 172, a 34.3% decrease in market time.
Currently there are 66 active Cornelius waterfront homes listed in the MLS with 17 more under contract, up 41.7% from February. The average list price is $1,698,763 up .6% from February. The current lowest priced Cornelius waterfront home is listed at $610,000 and the current highest priced active Cornelius waterfront home is listed at $4,675,000.
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Cornelius Waterfront Condos & Townhomes
In February 2017 5 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 25% increase from the 4 Cornelius waterfront condos sold in January 2017. February 2017 sales figures increased 0% from February 2016 when 5 Cornelius waterfront condos sold.
The average sales price increased 40.6% from $235,563 in January to $331,100 in February. The February 2017 average sales price increased 66.3% from the February 2016 average sales price which was $199,100.
Average days on the market decreased 82% from 61 in January to 11 in February. The February 2016 average days on the market were 106, an 89.6% decrease in market time from one year ago.
Currently there are 8 active Cornelius waterfront condos listed in the MLS with 9 more under contract, a 25% decrease from February. The average list price is $377,328, down 17.5% from last month. The lowest priced active Cornelius waterfront condo is listed at $165,000 and the highest priced Cornelius waterfront condo is listed at $715,000.
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Cornelius Waterfront Lots
In February 2017 3 Cornelius waterfront lot sold in the Lake Norman area, a 300% increase from the 0 Cornelius waterfront lots sold in January 2017. February 2017 sales figures increased 300% from February 2016 when 0 Cornelius waterfront lots sold.
The February average sales price was $520,917, down NA% from the January average sales price which was $NA. The average sales price increased NA% from the February 2016 average sales price of $NA.
The average days on the market decreased NA% from January, from NA to 199 days on the market in February. Days on the market were up NA% from February 2016 when the average was NA days on the market.
Currently there are 13 active Cornelius waterfront lots listed in the MLS with 3 others under contract, down 25% from February. The average list price is $928,615, down 6.7% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,589,000.
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Cornelius Real Estate Market Update February 2017
Cornelius Real Estate Market Stats for February 2017
Cornelius Homes
In February 2017 21 homes sold in the Cornelius area, a 36.4% decrease from the 33 Cornelius homes sold in January 2017. February 2017 sales figuresdecreased 22.2% from February 2016 when 27 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 34.5% from $632,049 in January to $414,170 in February. The February 2017 average sales price decreased 25.4% from the February 2016 average sales price which was $555,096.
Average days on the market increased 74.5% from 47 days in January to 82 days on the market in February. The February 2016 average days on the market were 100, an 18% decrease in market time from one year ago.
Currently there are 168 active homes for sale in the Cornelius MLS area, up 10.5% from February. The average list price is $997,167 up 2.2% from the February average list price of $976,002. 103 Cornelius homes are currently under contract, up 35.5% from February. Based on these statistics, 8 months of inventory, we are currently in a balanced market in Cornelius.
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Cornelius Condos & Townhomes
In February 2017 21 condos/townhomes sold in the Cornelius area, a 10.5% increase from the 19 Cornelius condos or townhomes sold in January 2017. February 2017 sales figures decreased 12.5% from February 2016 when 24 Cornelius condos sold.
The average sales price increased 12.1% from $199,092 in January 2017 to $223,238 in February 2017. The February 2017 average sales price increased 38.1% from the February 2016 average sales price which was $161,693.
Average days on the market increased 16.7% from 48 in January to 56 in February. February 2016 average days on the market were 70, an increase of 20% market time from one year ago.
Currently there are 36 active condo/townhomes for sale in the Cornelius MLS area, a 14.3% decrease from the 42 Cornelius condos for sale in February. The average list price is $242,602, down 1.9% from February’s average list price of $247,313. 53 Cornelius condos/townhomes are currently under contract, a 17.8% increase from February. Based on these figures, 1.7 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In February 2017 3 lots sold in the Cornelius area, a 50% increase from the 2 Cornelius lots sold in January 2017. February 2017 sales figures increased 0% from February 2016 when 3 Cornelius lots sold.
The average sales price increased 47.8% from $352,500 in January to $520,917 in February. The February 2017 average sales price increased 20.5% from the February 2016 average sales price which was $432,333.
Average days on the market increased 8.7% from 183 in January to 199 in February. The February 2016 average days on the market were 314, a 36.6% decrease in market time versus the same time period last year.
Currently there are 25 active lot listings in the Cornelius MLS area, a decrease of 4% from February. The average list price is $1,237,596, up 57.1% from February’s average list price of $787,723. 9 Cornelius lots are currently under contract, a 12.5% increase from February. Based on these numbers, 8.3 months of inventory, we are in a balanced market for Cornelius lots for sale.
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