Market Report: Crestdale Crossing Matthews, NC. 28105 October 2011

Crestdale Crossing is a quaint 110 single family home subdivision located in Matthews, NC. 28105 just outside of the center of town. This quiet community was built in 2002-2003. It's families love the location to the highways, the great schools and family like atmosphere with children playing in the park or riding bikes through the cul de sac's. Below are the market trends for Crestdale Crossing for the past three years. This will give you a good idea of how the housing has trended in there. These numbers are from October1st through September 30th. 3 years ago there were 3 homes that sold for an average sale price of $109,333. They were on the market for an average of 13 days. 2 years ago there were 6 homes that sold for an average sale price of $121,625. They were on the market for an average of 63 days. Last year there were 5 homes that sold for an average sale price of $92,120. They were on the market for an average of 70 days. Currently there are 2 active homes on the market for an average sale price of $88,450. In addition there are 3 homes under contract that had an average asking price of $87,567. They were on the market for an average of 131 days. Based on the current trends in Crestdale Crossing the inventory levels make it for a balanced market that favors neither the seller or the buyer. Dave diCecco Realtor/Broker www.davedicecco.com