Cornelius Average Home Price up 43.1% in Year – Crazy!

Cornelius, NC

Ok Cornelius. We all love the town, but this housing market is crazy. Average home prices were up 43.1% over the past year (March to March). Months supply of inventory is 0.7 months. 6 months is balanced. This is a SELLERS market. Data Source: Canopy MLS

Want to test the market? Try an Allen Tate Firm Exclusive. No sign in your yard. No listing in MLS. Neighbors won’t have a clue. We just market your home quietly within Allen Tate. Given we are the #1 Real Estate Brokerage in the Carolinas we probably have a buyer who is desperate for a home and is willing to pay your price.

Call/email me to discuss – Clark Goff website Let me give you an idea of your home’s value.

Clark Goff
Clark Goff Realtor

Cornelius Real Estate – 2020 Review

Cornelius, NC Real Estate Market

As we enter 2021 with our hopes for the vaccine to bring us back to normalcy we look back on a remarkable year in real estate. The combination of record low interest rates, a migration from cold climate, high tax states, and a growing national reputation as a great place to live, Cornelius has become a hot real estate market. Today there are 32 single family homes for sale in Cornelius. In 2019 we normally had in excess of 100 or more single family homes for sale at a given time.

The popular Peninsula neighborhood has only 8 homes for sale currently. The starting price in The Peninsula is $825,000 right now.

The lack of inventory in town has created a feeding frenzy when an updated, well- priced property comes to market. In 2020 we had multiple offer situations in all price points. I had clients put homes under contract sight unseen so they wouldn’t miss out. Showings via Zoom and FaceTime were common. Buyers in this market do everything they can to make their offer stand out.

At a minimum buyers today are pre-qualified and often offer asking price or above for the right home. Larger due diligence fees and terms that meet a sellers wishes are common in today’s contracts. We have also seen a large influx of cash buyers in Cornelius.

As the Title Sponsor of the Davidson Farmers Market I am at the market on Saturdays and meet folks from all over the country checking out the Lake Norman area. Commonly I’ll meet families from New York, New Jersey, California, Florida and Chicago checking us out. Often they remark on our low property taxes.

The real estate market is considered balanced when there is a 6 month supply of homes. Cornelius currently has a 0.8 months supply of homes. Anything below 6 months is considered a sellers market. We are in an extreme sellers market right now. Sellers have the upper hand and buyers have no leverage.

Lack of inventory, record low mortgage rates and a migration to the suburbs is causing prices to rise. We had 98 single family homes close in 2020 at over $1 million in Cornelius.

The pandemic has caused housing priorities to shift. People want more space to spread out, a home office, pool or other outdoor living, and community.

Cornelius is also considered a great place to retire. The Lake, future Cain Center for the Arts and community create an active environment for retirees. We meet people relocating to be near kids and grandkids who have moved to the booming Charlotte region for work. The demand from these buyers for master bedrooms on the main floor and lake access makes certain homes with these features additionally in demand.

Last March, when the pandemic hit, I had no idea what would happen in the local real estate market. Once the heavy stay-at-home orders were relaxed in May and real estate was deemed an essential service the market exploded.

You can see in the chart above that showings collapsed in North Carolina in March and April and rebounded in May.

Living in Cornelius provides a wonderful lifestyle. Area schools are considered very good. There is ample recreation with the parks, greenways and lake.

As we emerge from the weight of the pandemic and life gets back to normal I anticipate continued strength in our local housing market. The only headwind in 2021 may come from mortgage rates starting to tick upward. Right now is the perfect time to refinance or move. If you have not yet, please take advantage of these low rates. I don’t imagine we’ll see rates this low again in our lifetime.

If you have any questions about the local market or just want to chat please stop by and say hi at the Farmers Market or give me a call.

Clark Goff – Allen Tate Davidson – website

704 996-0948

Cornelius, NC Real Estate Report – HOT!!!

Cornelius, NC       We are in crazy times as we adjust to Covid-19.  We are in crazier times when we realize how hot the Cornelius real estate market is.  We are seeing multiple offers, new pricing highs, record low inventory and homes selling sight unseen.  Check out the charts below to see this illustrated graphically.

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Anything less that 6 months supply indicates a seller’s market.  We are seeing multiple offers.  Sight unseen offers.  All indicate an excellent time to be a seller.

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This upper chart indicates a short-term rise in New Listings, the truth is that there are only 60 homes for sale and 25 townhomes and condos for sale in Cornelius today.  This is an historically low inventory.  Another indicator of a seller’s market.  See below.

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Homes are selling fast in Cornelius despite the pandemic.  We are seeing buyers from all over the country.

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Cornelius is seeing steady appreciation.

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Days on Market indicates how quickly homes are selling.

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We can see in North Carolina showings are back to levels we saw last year following a significant drop in March and April due to Covid-19.

Conclusion:  Now is a great time to sell if you are thinking about listing your home.  We are following strict protocols when showing homes; online viewings, requiring masks, requiring disinfectants, shoes removed.  Call me to discuss listing your home.

Complied by Clark Goff – Allen Tate    704 996-0948  clark.goff@allentate.com  my website

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Title Sponsor of the Davidson Farmers Market

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Cornelius, NC Weekend Happenings

Cornelius, NC  Weekend Happenings   Auto Fair, Live Music, FREE Yoga, Standup Comedy, Open MICs, Auditions.  Too much going on this weekend.  Have fun!

Cornelius Weather – click

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All Weekend

Penzoil Auto Fair – details

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Thursday September 6th

5pm   Lobster Dogs Food Truck – OTPH – details

5pm   Shirley’s Angels Taps for Ta Tas – D9 Brewing – details

7pm   Open Mic – Bella Love Presents – at Brick Row – details

7pm  Nourish Body & Mind – Meditation Room – details

8pm   LIVE Music – OTPH – Calvin Edwards – details

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Friday September 7th

4pm   Cork & Cask 5 Year Throwdown – details

5pm   Auditions – Wizard of Oz – Warehouse PAC – details

7pm   Compassion Class – the Meditation Room – details

7-9pm  Say it, Tell it, Share it – Studio 13 – details

7pm   LIVE Music – Boatyard Eats – Parks Brothers Band – details

8pm   Standup Comedy – Hosted by Brick Row in OTC – details

8:30pm   LIVE Music – OTPH – The Hawthornes – details

9:30pm   LIVE Music – Galway Hooker – School of Rock – details

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Saturday September 8th

8am   Breakfast Foodtruck – OTPH – details

9-11am   Into the Mystic: Mediumship and Beyond – the Meditation Room – details

12pm   Auditions – Wizard of Oz – Warehouse PAC – details

7pm   Builders’ Bash – Habitat for Humanity – details

7pm   Whiskey, Wine and Moonshine – Topdeck – details

8:30pm   LIVE Music – OTPH – Goodfoot Down – details

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Sunday September 9th

10:30am   Aloha Flow SUP Yoga – details

1-4pm    OPEN HOUSE – Penthouse Waterfront Condo – 17919 Kings Point De # I

4pm   FREE Community Yoga Class – The Meditation Room – details

4:25pm  Panthers home vs Cowboys – details

6pm   Sunday Jazz – OTPH – details

6-7:30pm   Rest and Reset – Reiki and Restorative Yoga – The Meditation Room – details

8-9pm   Women’s New Moon Gathering – The Meditation Room – details

What’s going on in Davidson this weekend? – click here

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Live in High Luxury in Tallest Cornelius Buildings – 6 Stories

Cornelius, NC   Watermark Lake Norman is taking shape and selling quickly.  Currently they have 15 of the 28 units available in buildings 3, 4, and 5 under contract.  Don’t miss out on this new luxury option in Cornelius.  Close to dining, shopping and boating.  Convenient to I77 and the airport.  Watermark is the new level of resort living in the Lake region.

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There will be 5 6-story buildings with a gated entrance.  Each unit will have a private elevator entrance.  The units are 3 beds and 3-3 1/2 baths with approximately 3000 square feet.

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The finishes will be top-of-the line with kitchens boasting Wolf and Sub-zero appliances and designer cabinetry.

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The club house and pool will have private cabanas, exercise area and kitchen and grilling area.

Currently there are 4 units listed ranging from $965,000 to $1,352,000 for a penthouse unit.

Get ready for a new luxury resort living experience in Cornelius.  For questions or more information contact Clark Goff @ Allen Tate Realtors 704 996-0948.

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Cornelius, NC Weekend Calendar

Cornelius, NC  Live Music.  Live theater.  Ladies night out.  Bike night.  So much going on this weekend.  Enjoy!

Cornelius weather forecast – click here

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Thursday 8/23

5-9pm   Food Freaks Food Truck – Old Town Public House – details

6pm   Drum Circle in OTC – Brick Row – details

6:30-9:30pm   Sip and Paint Your Pet – Eleven Lakes Brewing – details

7pm   Retro Thursdays – Cork and Cask – details

7pm   Open Mic – Brick Row – details

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Friday 8/24

6-9pm    Girls Night Our – Eleven Lakes Brewing – details

7pm   LIVE Music with Dan Smith – Lucky Dog Bark & Brew – details

8pm  LIVE Theater – Warehouse PAC – Sex with Strangers – details

8:30pm    LIVE Music – Old Town Public House – Goodfoot Down – details

9pm   DJ Davis – The Harp & Crown – details

Summer

Saturday 8/25

5pm     Lake Norman Summer Concert Series – D9 Brewing – The Hawthornes and Delta Fire – details

6-9pm   Jetton Village Bike Night – Hosted by Harveys – details

6:30-10pm   Cornelius Movie Night and Back-2-School Bash – Robbins Park – details

7pm   Imusination – A Family Talent Showcase – Brick Row – details

8pm  LIVE Theater – Warehouse PAC – Sex with Strangers – details

8:30pm   LIVE Music – Old Town Public House – MC 3 – details

9pm   Motown – The Harp & Crown – details

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Sunday 8/26

10:30am    Aloha Flow SUP Yoga – details

12-3pm   Jazz Music – The Harp & Crown – details

2pm  LIVE Theater – Warehouse PAC – Sex with Strangers – details

6pm   Summer Jazz at OTPH – details

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Cornelius, NC Weekend Happenings

Cornelius, NC    Another great weekend in town.  Food trucks, live music, yoga.  See you around town.

Cornelius weekend weather – click here

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Thursday August 16

7:30am  Newsmakers Breakfast – The Peninsula Club – Opioid Crisis – Details

10-10:30am    Connections that Count – Cornelius Library – details

5pm   Lobster Dogs Food Truck – Old Town Public House – details

7pm   Bella Love Presents – Open Mic – hosted by Brick Row – details

7pm   Retro Thursdays – Cork and Cask – details

7:30pm   LIVE Theater – Sex with Stranger – hosted by Warehouse PAC – details

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Friday August 17

7-9pm   Art Opening – Mind Games – Old Town Public House – details

8pm   LIVE Theater – Sex with Stranger – hosted by Warehouse PAC – details

8:30pm   LIVE Music – The Harp & Crown – One Paper Crane – details

9pm   LIVE Music – Old Town Public House – The vel-Crows – details

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Saturday August 18

8pm   LIVE Theater – Sex with Stranger – hosted by Warehouse PAC – details

8pm   LIVE Music – Brick Row – Irrashional – details

8:30pm   LIVE Music – Old Town Public House – Justin Mintun Band – details

9:30pm   LIVE Music – The Harp & Crown – Triplet Live  – details

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Sunday August 19

10:30am   Aloha Flow SUP Yoga – details

6pm   Diggin’ the Roots – Old Time Music – Old Town Public House – details

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Waterfront Condo Open House Sunday 1-3

Cornelius, NC   Bayshore. – NEW Listing   17919 Kings Point Drive unit I

2 Beds 2 Baths – Huge views.  $265,000

Please let your family and friends know.

Westward facing penthouse condo with wonderful views of Lake Norman. Move-in ready. Enjoy your covered deck overlooking the lake at sunset. Walk to marina. New HVAC & hot water heater. Refrigerator and washer and dryer convey. Vacation everyday!

Includes 2 paddleboard spaces.

More details on MLS – Here

Please stop by our open house Sat 7/14 1-3 pm

Listing courtesy of Clark Goff @ Allen Tate Davidson  704 996-0948

www.allentate.com/clarkgoff

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Cornelius, NC Weekend Calendar

Cornelius, NC     Huge weekend in the best Lake town!   2nd Friday Street Festival, Dum Circle, Free yoga, wine and art class, Live music, Food trucks.  See you around town.

Cornelius weekend weather – click here

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Thursday 8/9

10-10:30am   Connections that Count – Cornelius Library – click for details

5pm    Food Truck – The Laughing Onion – Old Town Public House – click for details

6pm   Drum Circle in OTC – hosted by Brick Row – click for details

8:30-11pm   LIVE Music – Old Town Public House – click for details

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Friday 8/10

2-4pm  Now Showing: Beauty and the Beast (2017) – Cornelius Library – click for details

5:30-9:30pm    Food Truck – Strudelteig – Old Town Public House – click for details

6pm   2nd Friday Street Festival – Oak Street Mill – Justin Mintun Band – click for details

7-10pm   Sip and Stretch – Studio Elie – Wine & Art Lesson –  click for details

8:30-11pm   LIVE Music – Old Town Public House – Astral Lion – click for details

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Saturday 8/11

8am    Food Truck – Breakfast Food Truck – Old Town Public House – click for details 

9-10:30am   Essential Tools for the Overwhelmed Empath – The Meditation Room – click for details

9am-12:15pm   Free Day of Dance – En Pointe Dance Company – click for details

10-10:30am   Family Story Time – Cornelius Library – click for details

10-11am   Growing Orchids and African Violets – Pikes Nurseries – click for details

12pm-11pm   6 Years and Still Here – Lucky Dog Bark and Brew – Celebration – click for details

2-4pm   Lit Lite – Cornelius Library – click for details

7pm    LIVE Music – D9 Brewing – Abe Reid Blues – click for details

8:30-11pm   LIVE Music – Old Town Public House – Billy Jones and the Pocket – click for details

9:30pm   LIVE Music – Galway Hooker – Ghosts of Bannockburn – click for details

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Sunday 8/12

1-3pm  Open House – 17919 King Point Dr #1 – Penthouse condo

4pm   FREE Community Yoga Class – The Meditation Room – click for details

6pm  Sunday Jazz Jam at OTPH – click for details

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