Tag Archives: property values
Cornelius Waterfront Real Estate Market Update August 2016
August 2016 Cornelius Waterfront Real Estate Update
Cornelius Waterfront Homes
In August 2016 14 Cornelius waterfront homes sold, a 133% increase from the 6 Cornelius waterfront homes sold in July. August 2016 waterfront sales figures increased 133% from August 2015 when 6 Cornelius waterfront homes sold.
The average sales price decreased 27.2% from $2,028,333 in July to $1,477,357 in August. The August 2016 average sales price increased 20.4% from the August 2015 average sales price which was $1,226,944.
Average days on the market increased from 239 in July to 161 in August, a 32.6% decrease in market time. The August 2015 average days on the market were 125, a 28.8% increase in market time.
Currently there are 80 active Cornelius waterfront homes listed in the MLS with 17 more under contract, down 10.5% from August. The average list price is $1,463,779 down 1.1% from August. The current lowest priced Cornelius waterfront home is listed at $524,900 and the current highest priced active Cornelius waterfront home is listed at $3,899,900.
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Cornelius Waterfront Condos & Townhomes
In August 2016 5 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 37.5% decrease from the 8 Cornelius waterfront condos sold in July. August 2016 sales figures increased 25% from August 2015 when 4 Cornelius waterfront condos sold.
The average sales price decreased 4.1% from $280,375 in July to $268,900 in August. The August 2016 average sales price decreased 8.7% from the August 2015 average sales price which was $294,500.
Average days on the market increased 65.6% from 61 in July to 101 in August. The August 2015 average days on the market were 93, an 8.6% increase in market time.
Currently there are 18 active Cornelius waterfront condos listed in the MLS with 12 more under contract, a 33% increase from August. The average list price is $320,878, up .7% from last month. The lowest priced active Cornelius waterfront condo is listed at $147,999 and the highest priced Cornelius waterfront condo is listed at $725,000.
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Cornelius Waterfront Lots
In August 2016 1 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lot sold in July. August 2016 sales figures increased 0% from August 2015 when 1 Cornelius waterfront lots sold.
The August average sales price was $940,000, down NA% from the July average sales price which was $NA. The average sales price increased 39.3% from the August 2015 average sales price of $675,000.
The average days on the market increased NA% from July, from NA to 327 days on the market in August. Days on the market were up 6440% from August 2015 when the average was 5 days on the market.
Currently there are 22 active Cornelius waterfront lots listed in the MLS with 6 under contract, down 14.3% from August. The average list price is $910,564, up 4.8% from last month. The lowest priced Cornelius waterfront lot is listed at $365,000 and the highest priced Cornelius waterfront lot is listed at $1,875,000.
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Cornelius Real Estate Market Update August 2016
August 2016 Cornelius Real Estate Market Update
Cornelius Homes
In August 2016 58 homes sold in the Cornelius area, a 38.1% increase from the 42 homes sold in July. August 2016 sales figures increased 38.1% from August 2015 when 42 homes sold in the Cornelius area.
The average sales price in Cornelius increased 4.1% from $614,653 in July to $639,749 in August, the highest average sales price for any month on record. The August 2016 average sales price increased 23.9% from the August 2015 average sales price which was $516,179.
Average days on the market decreased 7.5% from 80 days in July to 74 days on the market in August. The August 2015 average days on the market were 64, a 19.4% increase in market time.
Currently there are 208 active homes for sale in the Cornelius MLS area, up .4% from August. The average list price is $895,638 down 4.7% from the August average list price of $940,136. 96 Cornelius homes are currently under contract, down 14.3% from August.
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Cornelius Condos & Townhomes
In August 2016 26 condos/townhomes sold in the Cornelius area, a 0% decrease from the 26 Cornelius condos or townhomes sold in July. August 2016 sales figures increased 13% from August 2015 when 23 Cornelius condos sold.
The average sales price decreased 20.2% from $232,756 in July 2016 to $185,717 in August 2016. The August 2016 average sales price decreased 13.2% from the August 2015 average sales price which was $214,082.
Average days on the market decreased 0% from 45 in July to 45 in August. August 2015 average days on the market were 56, a decrease of 19.6%.
Currently there are 57 active condo/townhomes for sale in the Cornelius MLS area, a 17.4% decrease from the 69 Cornelius condos for sale in August. The average list price is $242,284, up 1.3% from August’s average list price of $239,212. 50 Cornelius condos/townhomes are currently under contract, a 16.3% increase from August.
Cornelius Lots
In August 2016 3 lots sold in the Cornelius area, a 200% increase from the 1 Cornelius lots sold in July. August 2016 sales figures increased 50% from August 2015 when 2 Cornelius lots sold.
The average sales price increased 120% from $180,500 in July to $397,333 in August. The August 2016 average sales price increased 3.7% from the August 2015 average sales price which was $383,000.
Average days on the market decreased 3.6% from 338 in July to 326 in August. The August 2015 average days on the market were 34, an 859% increase in market time versus the same time period last year.
Currently there are 36 active lot listings in the Cornelius MLS area, a decrease of 2.7% from August. The average list price is $795,131, up 5.5% from August’s average list price of $753,854. 13 Cornelius lots are currently under contract, a 7.1% decrease from August.
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