Each month I discuss how the market fared in the past three years in areas I specialize in. I try to let people know the trends that are happening in the areas and how prices have been affected by the economic situation.
Crestdale Crossing in Matthews North Carolina has seen a trend shifting in the opposite direction for the past three years in volume of sales. Ironically though people are staying in the community. There is fewer homes on the makrket now than ever before in this 110 home subdivision in Matthews.
Three years ago homes in here were sellign at a rapid pace. From June of 2007 to June of 2008 there were 16 home sales at an average price of $129475. Homes were on the market for an average of 77 days then.
Two years ago there were only 6 home sales. The average price of those homes was $129650. They lasted on the makrket for 26 days on average.
last year there were 4 home sales. The average price of the homes was $126,000. They were on the market for an average of 93 days.
The trends this month for year to date numbers seems to be tracking well with the numbers for May. Home sales have stabilized in the neighborhood. People are staying here and not moving as much.
Currently there are 4 homes on the amrket which based on last years numbers is a 12 month supply of homes for sale.
Dave dicecco
Realtor/Broker
www.davedicecco.com
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