Market Report---Crestdale Crossing Matthews, NC. 28105 January 2012

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 February 1st through January 31st. 3 years ago there were 4 homes that sold for an average sale price of $121,875. They were on the market for an average of 23 days. 2 years ago there were 5 homes that sold for an average sale price of $114,350. They were on the market for an average of 81 days. Last year there were 7 homes that sold for an average sale price of $84,371. They were on the market for an average of 92 days. Currently there is only one home for sale at $74,000. There are 3 other ones under contract right now. The average asking price of the ones under contract is $89,125 and they have been on the market for an average of 82 days. Based on the trends for the past three years this community has a shortage of inventory based on the average sales for the past three years. This bodes well for sellers in the neighborhood. David diCecco Realtor/Broker www.davedicecco.com