Market Report: Crestdale Crossing Matthews, NC. 28105 July 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 August 1st through July 31st. 3 years ago there were 5 homes that sold for an average sale price of $119,550. 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 $100,700. They were on the market for an average of 70 days. Last year there were 8 homes that sold for an average sale price of $81,679. They were on the market for an average of 104 days. Currently there is one homes for sale for $112,000. There are three under contract right now. The average asking price of those three under contract is $96,133 and they have been on the market for an average of 53 days. A balanced market (one which does not favor the buyer or the seller) is considered one that has six months worth of inventory avaialble. Based on the last years sale numbers and what is currently availble on the market right now the market is favoring the seller. David diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com