Market Report: NoDa/The Arts District Charlotte, NC. September 2011

NoDa or also known as the Arts District is a suburb of uptown Charlotte. Conveniently located 2 miles from uptown it is home to art galleries and various southern cuisine restaurants. People love living here for the old world charm it still has. An old textile mill area of is a thriving area of Charlotte. Below is the market trends over the past three years for the area from September 1st to August 31st. 3 years ago there were 46 homes that sold for an average sale price of $243,428. They were on the market for an average of 65 days. 2 years ago there were 24 homes that sold for an average sale price of $239,821. They were on the market for an average of 156 days. Last year there were 29 homes that sold for an average sale price of $193,595. They were on the market for an average of 115 days. Currently there are 30 homes actively on the market in the Arts District right now. The average list price is $267,231. In addition there are 6 homes currently under contract right now. They had an average asking price of $247,483. They were on the market for an average of 108 days. Based on the three year trend 33 homes sell on an average year. With 30 homes actively on the market that leaves slightly less than a year supply on the market....A balanced inventory is considered 6 months supply. That would neither favor the buyer or the seller. Currently we are still in a buyer's market in this area of Charlotte. Dave diCecco Realtor/Broker www.davedicecco.com

Market Report: Crestdale Crossing Matthews, NC. 28105 September 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 September 1st through August 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 was 6 homes that sold for an average of $121,625. They were on the market for an average of 63 days. Last year there was 4 homes that sold. They sold for an average of $92,875.00. They were on the market for an average of 69 days. Currently there is only one house on the market actively right now. it is priced at $84,900 and there are 2 other homes under contract. Even in a market where home prices have fallen and inventory is up...this quaint little community in Matthews, NC. has doen well with selling homes in a timely fashion..... Dave diCecco Realtor/Broker www.davedicecco.com

New Listing: 7905 Harrington Woods Drive Charlotte, NC. 28269

Looking for a home with a WOW factor that is reasonably priced? This may be the home for you. 7905 Harrington Woods Drive in Charlotte, NC. 28269 is priced at only $199,900. This four bedroom two and half bath home features over 2500 square feet of living space on a nice .3 acre lot. With brand new wall to wall carpet, tile flooring and paint this home is ready for new home owners.... Curb appeal is outstanding on this home with the partial brick front and the two car garage with a side loading add to the curb appeal of this home. but what will stun you is when you walk in this house. The first thing i noticed was the beautiful high two story ceilings that greeted me on the wood flooring as i walked in. it gave the home a more open feeling. The great use of space in this house is easily seen as you walk through the lower level of the house. The house features a formal living room, formal dining room and a family room adjacent to the open kitchen. The layout is great for families and for entertaining. in the family room is a nice gas log fireplace and access to the large rear deck that runs the length of the house.... With an abundance of windows the feeling of openness and light protrudes through every corner. On the other side of the main level is the room that I had a WOW moment on. The master bedroom is located on the main level.... it is a large master suite (yes I said suite not room). the room is broken into two parts. One for the sleeping are and the other for reading or leisure and included in that space is another gas fireplace. In addition to that you have your own private access to the rear deck from the master bedroom. Off the master bedroom is the master bathroom with a cathedral ceiling and gorgeous tile flooring. It boasts his and her sinks and a separate jacuzzi garden tub and glass enclosure shower stall. Also is a walk in closet that should hold even my wife's clothes (that is saying a lot). Go up the staircase and enjoy the overlooking view to the formal living room and foyer from the sitting area at the top of the stair case. Or venture down the hall to one of the three spare bedrooms...All very large.... In addition there is a full bathroom across the hall way from the bedrooms centrally located for them. Or if you prefer the outdoors; take a walk on the large deck overlooking the private backyard. the back part of the yard is tree lined adding to the privacy you receive with this house.... This home has features I would normally expect to see only in much higher priced homes....Conveniently located to major roads and shopping this home offers a lot of home for the money..... Dave diCecco Realtor/Broker www.davedicecco.com