The other day I was doing a Market analysis for a client in Crestdale Crossing. Coming up with a value of what the home is worth in today's market. They were a little scared about listing and selling their home because the trends they here of home prices dropping dramatically and more and more people are losing their homes through short sale or foreclosure because they cannot sell.
Crestdale Crossing is a quiet tucked away little community in Matthews, NC. It boasts some of the best public schools in the Charlotte Area. My children attend the grade and middle school and I have been nothing less than impressed by the quality of education they are receiving. The community's known as a first time home buyer neighborhood. primarily all built between 2002 and 2003.
When I informed them of what the value of their home was in today's economy...they were stunned. They said they paid slightly less than that for the home when they bought it six years ago. After doing some checking on the home I purchased in November and other homes that were listed and sold during the past year......I admit i was slightly surprised. The values of some of the homes actually increased from what they paid for them in the days fo the boom when house prices were skyrocketing at record prices.
In a hosuing market where people everyday are being told their homes are worht 30% to as much as 50% less than what they paid for them; this little community in Matthews has seemed to beaten the trend.
First time buyers looking for a good investment in today's volatile real estate market would be wise to consider Crestdale Crossing for their home purchase.
Dave diCecco
Realtor/Agent
www.davedicecco.com
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