Market Report: Crestdale Crossing Matthews, NC. 28105 November 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 November 1st through October 31st. 3 yearsa ago there were 4 homes that sold for an average sale price of $116,500. They were on the market for an average of 15 days. 2 years ago there were 5 homes that sold for an average sale price of $118,350. They were on the market for an average of 72 days. Last year there were 5 homes that sold for an average of $92,120. They were on the market for an average of 70 days. Currently there are 2 active listings in Crestdale Crossing for an average asking price of $80,750. There are also 4 homes currently under contract that had an average asking price of $89,875. based on the current trends the market in crestdale crossing favors neither a buyer or a seller. There is approximately six months worht of inventory on the market right now and that equates out to a balanced market.... Dave diCecco Realtor/Broker www.davedicecco.com