As we head into the latter part of fall and the beginning of winter we have seen some turmoil in the housing market in the past couple of years. As home prices were falling interest rates were dropping with them making it even a better time to purchase a home. Now, that is appears the bottom has been reached and we begin th slow climb back up the ladder of home prices; this community in Matthews NC. has done it's share to shield itself from the turmoil.
Crestdael Crossing is a community of about 110 single family homes nestled away in Matthews clsoe to downtown and independence blvd. A quiet community which is known for it's diversity and young families. There is not a day that goes by that you do not see kids riding bikes, playing basketball or visiting the spacious park. Maybe those are some of the reasons the community has withstood the housing market better than most.
3 years ago 14 homes sold for an average sale price of $129,057. They lasted on the market for only an average of 35 days.
2 years ago 3 homes sold for an average sale price of $109,333. They lasted an average on the market of only 13 days.
Last year 6 homes sold for an average sale price of $129,600. They lasted on the market for an average of only 42 days.
Currently there is only one home on the market in this quiet family subdivsion. So, as you can see eve as the market has tumbled the pricing (except for the intial crash) has been stable. Also, the average days on market is substantially less than the current market dictates.....
Dave diCecco
Realtor/Broker
www.davedicecco.com
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