Tag Archives: property values
Cornelius Waterfront Real Estate Market Update December 2016
Cornelius Waterfront Real Estate Stats for December 2016
Cornelius Waterfront Homes
In December 2016 8 Cornelius waterfront homes sold, a 100% increase from the 4 Cornelius waterfront homes sold in November. December 2016 waterfront sales figures increased 100% from December 2015 when 4 Cornelius waterfront homes sold.
The average sales price decreased 17% from $1,684,375 in November to $1,398,625 in December. The December 2016 average sales price decreased 5.5% from the December 2015 average sales price which was $1,480,000.
Average days on the market decreased from 228 in November to 224 in December, a .9% decrease in market time. The December 2015 average days on the market were 137, a 63.5% increase in market time.
Currently there are 49 active Cornelius waterfront homes listed in the MLS with 12 more under contract, up 9.1% from December. The average list price is $1,536,056 down .4% from December. The current lowest priced Cornelius waterfront home is listed at $599,900 and the current highest priced active Cornelius waterfront home is listed at $3,899,900.
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Cornelius Waterfront Condos & Townhomes
In December 2016 4 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 20% decrease from the 5 Cornelius waterfront condos sold in November. December 2016 sales figures increased 100% from December 2015 when 2 Cornelius waterfront condos sold.
The average sales price decreased 1.4% from $237,900 in November to $234,500 in December. The December 2016 average sales price decreased 41.4% from the December 2015 average sales price which was $400,250.
Average days on the market decreased 38.9% from 54 in November to 33 in December. The December 2015 average days on the market were 58, a 43.1% decrease in market time from one year ago.
Currently there are 10 active Cornelius waterfront condos listed in the MLS with 6 more under contract, a 20% increase from December. The average list price is $345,468, up 2% from last month. The lowest priced active Cornelius waterfront condo is listed at $195,000 and the highest priced Cornelius waterfront condo is listed at $699,888.
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Cornelius Waterfront Lots
In December 2016 2 Cornelius waterfront lot sold in the Lake Norman area, a 60% decrease from the 5 Cornelius waterfront lots sold in November. December 2016 sales figures increased 200% from December 2015 when 0 Cornelius waterfront lots sold.
The December average sales price was $1,300,000, up 80.3% from the November average sales price which was $721,000. The average sales price increased N/A% from the December 2015 average sales price of $N/A.
The average days on the market decreased 49.6% from November, from 129 to 65 days on the market in December. Days on the market were up N/A% from December 2015 when the average was N/A days on the market.
Currently there are 13 active Cornelius waterfront lots listed in the MLS with 4 others under contract, up 33% from December. The average list price is 986,876, down 7.4% from last month. The lowest priced Cornelius waterfront lot is listed at $248,500 and the highest priced Cornelius waterfront lot is listed at $1,875,000.
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Cornelius Real Estate Market Update December 2016
Cornelius Real Estate Market Stats for December 2016
Cornelius Homes
In December 2016 55 homes sold in the Cornelius area, a 48.6% increase from the 37 Cornelius homes sold in November. December 2016 sales figures increased 77.4% from December 2015 when 31 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 5.4% from $515,128 in November to $487,502 in December. The December 2016 average sales price decreased 15.1% from the December 2015 average sales price which was $574,141.
Average days on the market decreased 2.6% from 77 days in November to 75 days on the market in December. The December 2015 average days on the market were 72, a 4.2% increase in market time from one year ago.
Currently there are 151 active homes for sale in the Cornelius MLS area, down 5% from December and at the lowest available inventory on record. The average list price is $860,797 down .1% from the December average list price of $862,047. 64 Cornelius homes are currently under contract, down 1.5% from December. Based on these statistics, 2.8 months of inventory, we are currently in a sellers market in Cornelius.
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Cornelius Condos & Townhomes
In December 2016 22 condos/townhomes sold in the Cornelius area, a 0% decrease from the 22 Cornelius condos or townhomes sold in November. December 2016 sales figures decreased 12% from December 2015 when 25 Cornelius condos sold.
The average sales price decreased 4.4% from $192,381 in November 2016 to $183,841 in December 2016. The December 2016 average sales price decreased 7.4% from the December 2015 average sales price which was $198,508.
Average days on the market increased 5.4% from 37 in November to 39 in December. December 2015 average days on the market were 50, an decrease of 22% market time from one year ago.
Currently there are 34 active condo/townhomes for sale in the Cornelius MLS area, a 24.4% decrease from the 45 Cornelius condos for sale in December. The average list price is $262,657, up .9% from December’s average list price of $260,334. 36 Cornelius condos/townhomes are currently under contract, a 33% increase from December. Based on these figures, 1.5 months of inventory, we are currently in a sellers market for Cornelius condos.
Cornelius Lots
In December 2016 3 lots sold in the Cornelius area, a 50% decrease from the 6 Cornelius lots sold in November. December 2016 sales figures increased 200% from December 2015 when 1 Cornelius lots sold.
The average sales price increased 46.1% from $630,833 in November to $921,667 in December. The December 2016 average sales price increased 365.5% from the December 2015 average sales price which was $198,000.
Average days on the market increased 111.7% from 111 in November to 235 in December. The December 2015 average days on the market were 7, a 3257% increase in market time versus the same time period last year.
Currently there are 26 active lot listings in the Cornelius MLS area, a decrease of 7.1% from December. The average list price is $832,762, up 4.5% from December’s average list price of $796,489. 9 Cornelius lots are currently under contract, a 0% decrease from December. Based on these numbers, 8.7 months of inventory, we are in a balanced market for Cornelius lots for sale.
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