Every month I am asked by the families in this community how the values of the properties are. Considering I call this community home and am an active member of the new board of directors for the HOA; I feel I have a lLot at stake as to what happens in my community.
One thing that impressed me to the community is the stabilization of the prices over the past three years. We all know 2009 and 2010 have been tough years for us economically. Banks have collapsed and the housing market has crashed with wall street. However; this little community of 110 homes in Matthews seems to be staying ahead of the trend.
Three years ago there was an amazing 15 properties that sold for an average price of $129,973.00. They lasted on the market for an average of 72 days.
Two years ago there were 4 properties that sold for an average price of $122,500.00. They lasted on the market for an average of 31 days.
Last year 5 sold for an average price of $125,800. They lasted on the makret for 81 days on average.
Currently there are 3 on the market right now. However; 2 of them are under contract and scheduled to close in the next couple of months.
Historically, last year should have been the lowest home priced have been in an area. With the housing market collapse prices were falling rapidly. yet this little unknown subdivision in Matthews seemed to beat the trend and actually increased in value year over year.
Dave dicecco
Realtor/Broker
www.davedicecco.com
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