Tag Archives: property values
Cornelius Waterfront Real Estate Market Update March 2016
March 2016 Cornelius Waterfront Real Estate Update
Cornelius Waterfront Homes
In March 2016 5 Cornelius waterfront homes sold, a 25% increase from the 4 Cornelius waterfront homes sold in February. March 2016 waterfront sales figures increased 25% from March 2015 when 4 Cornelius waterfront homes sold.
The average sales price increased 4.3% from $1,414,750 in February to $1,475,000 in March. The March 2016 average sales price increased 120% from the March 2015 average sales price which was $668,863.
Average days on the market decreased from 172 in February to 65 in March, a 62% decrease in market time. The March 2015 average days on the market were 94, a 30.9% decrease in market time.
Currently there are 72 active Cornelius waterfront homes listed in the MLS with 13 more under contract, up 117% from March. The average list price is $1,633,440 down 3.2% from March. The current lowest priced Cornelius waterfront home is listed at $625,000 and the current highest priced Cornelius waterfront home is listed at $4,399,000.
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Cornelius Waterfront Condos & Townhomes
In March 2016 6 Cornelius waterfront condo or townhome sold in the Lake Norman area, a 20% increase from the 5 Cornelius waterfront condos sold in February. March 2016 sales figures increased 200% from March 2015 when 2 Cornelius waterfront condos sold.
The average sales price increased 30.7% from $199,100 in February to $260,217 in March. The March 2016 average sales price decreased 8.7% from the March 2015 average sales price which was $285,000.
Average days on the market decreased 44.3% from 106 in February to 59 in March. The March 2015 average days on the market were 10, a 41.6% decrease in market time.
Currently there are 36 active Cornelius waterfront condos listed in the MLS with 4 more under contract, a 43% decrease from March. The average list price is $337,144, down 2.5% from last month. The lowest priced activeCornelius waterfront condo is listed at $175,000 and the highest priced Cornelius waterfront condo is listed at $725,000.
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Cornelius Waterfront Lots
In March 2016 1 Cornelius waterfront lot sold in the Lake Norman area, a 100% increase from the 0 Cornelius waterfront lots sold in February. The average sales price was $925,000, down N/A% from the February average sales price which was $N/A. March 2016 sales figures decreased 0% from March 2015 when 1 Cornelius waterfront lot sold. The average sales price increased 23.8% from the March 2015 average sales price of $746,900.
The average days on the market decreased N/A% from February, from N/A to 403 days on the market in March. Days on the market were down 45.9% from March 2015 when the average was 745 days on the market.
Currently there are 16 active Cornelius waterfront lots listed in the MLS with 7 under contract, up 75% from March. The average list price is $977,825, up 9.7% from last month. The lowest priced Cornelius waterfront lot is listed at $335,000 and the highest priced Cornelius waterfront lot is listed at $1,650,000.
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Cornelius Real Estate Market Update March 2016
March 2016 Cornelius Real Estate Market Update
Cornelius Homes
In March 2016 50 homes sold in the Cornelius area, an 85% increase from the 27 homes sold in February. March 2016 sales figures increased 56.3% from March 2015 when 32 homes sold in the Cornelius area.
The average sales price in Cornelius decreased 14.3% from $555,096 in February to $475,861 in March. The March 2016 average sales price increased 58.3% from the March 2015 average sales price which was $300,652.
Average days on the market decreased 28% from 100 days in February to 72 days on the market in March. The March 2015 average days on the market were 62, a 16.1% increase in market time.
Currently there are 157 active homes for sale in the Cornelius MLS area, up 15.4% from March. The average list price is $1,079,328 up 1.6% from the March average list price of $1,062,036. 113 Cornelius homes are currently under contract, up 19% from March.
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Cornelius Condos & Townhomes
In March 2016 23 condos/townhomes sold in the Cornelius area, a 4.2% decrease from the 24 Cornelius condos or townhomes sold in February. March 2016 sales figures increased 53.3% from March 2015 when 15 Cornelius condos sold.
The average sales price increased 27.4% from $161,693 in February 2016 to $205,978 in March 2016. The March 2016 average sales price increased 7.3% from the March 2015 average sales price which was $191,918.
Average days on the market increased 7.1% from 70 in February to 75 in March. March 2015 average days on the market were 54, an increase of 38.9%.
Currently there are 62 active condo/townhomes for sale in the Cornelius MLS area, a 19% increase from the 52 Cornelius condos for sale in March. The average list price is $278,037, up 5.5% from March’s average list price of $263,454. 52 Cornelius condos/townhomes are currently under contract, an 18.2% increase from March.
Cornelius Lots
In March 2016 3 lots sold in the Cornelius area, a 0% decrease from the 3 Cornelius lots sold in February. March 2016 sales figures increased 50% from March 2015 when 2 Cornelius lots sold.
The average sales price decreased 3.6% from $432,333 in February to $416,667 in March. The March 2016 average sales price decreased 1.4% from the March 2015 average sales price which was $422,700.
Average days on the market decreased 45.9% from 314 in February to 170 in March. The March 2015 average days on the market were 375, an 54.7% decrease in market time versus the same time period last year.
Currently there are 28 active lot listings in the Cornelius MLS area, an increase of 16.7% from March. The average list price is $724,804, up 2.4% from March’s average list price of $707,696. 12 Cornelius lots are currently under contract, a 0% increase from March.
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