Tag Archives: property values
Cornelius Waterfront Real Estate Market Update May 2016
May 2016 Cornelius Waterfront Real Estate Update
Cornelius Waterfront Homes
In May 2016 5 Cornelius waterfront homes sold, a 16.7% decrease from the 6 Cornelius waterfront homes sold in April. May 2016 waterfront sales figures decreased 44.4% from May 2015 when 9 Cornelius waterfront homes sold.
The average sales price increased 58% from $851,917 in April to $1,349,000 in May. The May 2016 average sales price increased 28.6% from the May 2015 average sales price which was $1,048,750.
Average days on the market increased from 96 in April to 240 in May, a 150% increase in market time. The May 2015 average days on the market were 132, an 81.8% increase in market time.
Currently there are 88 active Cornelius waterfront homes listed in the MLS with 14 more under contract, down 6.7% from May. The average list price is $1,526,875 down 2.5% from May. The current lowest priced Cornelius waterfront home is listed at $599,900 and the current highest priced active Cornelius waterfront home is listed at $3,950,000.
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Cornelius Waterfront Condos & Townhomes
In May 2016 2 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 33% decrease from the 3 Cornelius waterfront condos sold in April. May 2016 sales figures decreased 84.6% from May 2015 when 13 Cornelius waterfront condos sold.
The average sales price increased 129% from $137,917 in April to $315,250 in May. The May 2016 average sales price increased 26.9% from the May 2015 average sales price which was $248,462.
Average days on the market increased 1288% from 16 in April to 222 in May. The May 2015 average days on the market were 61, a 263% increase in market time.
Currently there are 36 active Cornelius waterfront condos listed in the MLS with 10 more under contract, a 67% increase from May. The average list price is $311,289, down 5.6% from last month. The lowest priced active Cornelius waterfront condo is listed at $149,900 and the highest priced Cornelius waterfront condo is listed at $490,000.
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Cornelius Waterfront Lots
In May 2016 2 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 1 Cornelius waterfront lot sold in April. The average sales price was $1,071,500, up 239% from the April average sales price which was $316,000. May 2016 sales figures decreased 33% from May 2015 when 3 Cornelius waterfront lots sold. The average sales price increased 39.3% from the May 2015 average sales price of $769,333.
The average days on the market decreased 75% from April, from 51 to 13 days on the market in May. Days on the market were down 95.2% from May 2015 when the average was 270 days on the market.
Currently there are 24 active Cornelius waterfront lots listed in the MLS with 4 under contract, down 50% from May. The average list price is $871,029, up 3.3% from last month. The lowest priced Cornelius waterfront lot is listed at $365,000 and the highest priced Cornelius waterfront lot is listed at $1,500,000.
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Cornelius Real Estate Market Update May 2016
May 2016 Cornelius Real Estate Market Update
Cornelius Homes
In May 2016 50 homes sold in the Cornelius area, a 16.3% increase from the 43 homes sold in April. May 2016 sales figures decreased 9.1% from May 2015 when 55 homes sold in the Cornelius area.
The average sales price in Cornelius increased 3.9% from $443,690 in April to $461,000 in May. The May 2016 average sales price decreased 5% from the May 2015 average sales price which was $485,332.
Average days on the market increased 3.4% from 59 days in April to 61 days on the market in May. The May 2015 average days on the market were 54, a 13% increase in market time.
Currently there are 209 active homes for sale in the Cornelius MLS area, up 26% from May. The average list price is $968,882 down 6.7% from the May average list price of $1,038,423. 119 Cornelius homes are currently under contract, down 7% from May.
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Cornelius Condos & Townhomes
In May 2016 28 condos/townhomes sold in the Cornelius area, a 27.3% increase from the 22 Cornelius condos or townhomes sold in April. May 2016 sales figures increased 3.7% from May 2015 when 27 Cornelius condos sold.
The average sales price increased 10% from $170,991 in April 2016 to $188,136 in May 2016. The May 2016 average sales price decreased 2% from the May 2015 average sales price which was $191,944.
Average days on the market increased 96% from 23 in April to 45 in May. May 2015 average days on the market were 54, a decrease of 16.7%.
Currently there are 63 active condo/townhomes for sale in the Cornelius MLS area, a 0% increase from the 63 Cornelius condos for sale in May. The average list price is $267,342, down 3.2% from May’s average list price of $276,226. 44 Cornelius condos/townhomes are currently under contract, a 10% decrease from May.
Cornelius Lots
In May 2016 2 lots sold in the Cornelius area, a 0% decrease from the 2 Cornelius lots sold in April. May 2016 sales figures decreased 33% from May 2015 when 3 Cornelius lots sold.
The average sales price increased 448% from $195,500 in April to $1,071,500 in May. The May 2016 average sales price increased 39.3% from the May 2015 average sales price which was $769,333.
Average days on the market decreased 89% from 118 in April to 13 in May. The May 2015 average days on the market were 270, a 95.2% decrease in market time versus the same time period last year.
Currently there are 37 active lot listings in the Cornelius MLS area, an increase of 8.8% from May. The average list price is $690,095, up 4.5% from May’s average list price of $660,118. 10 Cornelius lots are currently under contract, a 23.1% decrease from May.
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