Tucked away in Matthews, NC. is Crestdale Crossing. A small subdivison made up of 110 homes. A popular spot among young familes this 8 year old subdivison is an affordable place to live within the Matthews school district.
History has shown this community has done well in this down Real Estate market. The numbers below are sales from Nov. 1 to Dec. 1.
3 years ago there were 15 homes that sold. the average sale price was $127,620. They lasted on the market an average of 33 days.
2 years ago there were 4 homes that sold. The average sale price was $121,875. They were on the market for an average of 23 days.
Last year there were 5 homes that sold. The average sale price was $122,000. They were on the market for an average of 60 days.
Currently there are 2 homes actively on the market right now.
Based on current inventory levels and home sale trends we are at a balanced market in regards to Crestdale Crossing. Six months of inventory tends to be an average market. It favors neither the seller or the buyer.
Dave dicecco
Realtor/Broker
www.davedicecco.com
I came across your article on Trulia. It is nice to see that a somewhat new subdivision is holding it's own. On my local market, Portland OR, it is the old neighborhoods that are holding up. The new subdivisions are still suffering.
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