Wednesday, January 12, 2011

brightmoor Subdivison Matthews, NC. Market Report January 2011

Brightmoor Subdivison located in Matthews,NC is a large subdivsion of ranch and two story homes built in the late 90's to early 2000's. Tucked away and conviently located to major shopping schools and highways this subdivsion is ideally situated.

Here are the market trends for the past three years of homes that have sold and what is currently active on the market:

3 years ago there was 17 homes that sold for an average sale price of $221,394. The average days on the market was 41 days.

2 years ago there was 15 homes that sold for an average sale price of $209,087. The average days on the market was 43 days.

Last year there was 8 homes that sold and the they sold for an average of $178,929. The average days on the market was 112.

Currently there are 10 homes actively n the market right now with an average asking price of $220,240. They have been on the market for an average of 137 days.

The signifcant drop in sale price last year was mostly attributed to bank owned homes that hit the market. They were priced aggressively and in need of repairs. They accounted for almost 80% of all sales in there last year.

Dave dicecco
Realtor/Broker
www.davedicecco.com

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