Market Report: Crestdale Crossing Matthews, NC. 28105 July 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 location to the highways, great schools and family like atmosphere make it a popular destination among families and empty of.

Below are the market trends for of 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 July 1st through June 30th of that year.

3 years ago there was 4 homes that sold for an average sale price of $122,500. they were on the market for an average of 17 days.

2 years ago there were 6 homes that sold for an average sale price of $118,458. they were on the market for an average of 25 days.

last year there were 3 homes that sold for an average sale price of $109,667. they were on the market for an average of 60 days.

Currently there are 3 homes actively on the market in years crossing for an average sale price of $90,667. there is one home currently under contract right now. These homes have been on the market for an average of 74 days.

based on the trends of the past three years with the amount of homes that have sold there is a 12 month supply of homes on the market. In a ideal situation that number would be 6 months supply. If it is less than six months it favors a seller and if it is more than six months it favors the buyer.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. 28105 Market Report May 2011

Crestdale Crossing is a quaint 110 single family home subdivison located in Matthews, NC. 28105 just outside of the center of town. This quiet community was built in 2002-2003. It's convient location to the highways, great schools and family like atmosphere make it a popular destination among familes and empty nesters. Below is the the market trend for the past three years from may 1st to April 30th for Crestdale crossing:

3 years ago there were 7 homes that sold for an average of $126,557. they were on the market for an average of 17 days.

2 years ago there were 4 homes that sold for an average sale price of $115,438. They were on the market for an average of 61 days.

Last year there were 4 homes that sold for an average sale price of $122,500. They were on the market for an average of 60 days.

Currently there are three homes on the market right now for an average asking price of $99,632. In addition there are 3 homes that are under contract The homes on the market have been on an average of 27 days.

Homes in this subdivison seem to sell faster than the pace of the market right now and ahve over the past few years. On average there have been 5 home sales a year. With 3 active homes right now there is a little more than six month supply of homes on the market. A six month supply of homes would equal a balanced market that favors neither the seller or the buyer.

Dave dicecco
Realtor/Broker
www.davedicecco.com

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

Crestdale crossing is a small community fo approximately 110 homes located conviently just outside of downtown matthews. here is the snapshot of how Crestdale Crossing has fared over the past three years in home sales:

3 years ago there were 10 homes that sold. The average sale price was $126,630. They were on the market for an average of 31 days.

2 years ago there were 5 homes that sold. The average sale price was $121,875. They were on the market for an average of 23 days.

Last year there were 5 homes that sold. The average sale price was $122,500 and they were on the market for an average of 60 days.

Currenlty there are 2 homes actively on the market right now and 2 homes that are under contract to close. Based on the sales for last year; Crestdale crossing is in a balanced neighborhood that favors slightly the seller. A six month inventory of homes is considered to be average.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Report March 2011

Tucked away in Matthews, NC. is Crestdale Crossing. A small subdivison made up of 110 homes. A popular spot among young familes this 9 year old subdivison is an affordable place to live within the Matthews school district.

History has shown this community has done well in this down Real Estate market. The numbers below are sales from March 1 to February 28 .

3 years ago there were 12 homes that sold. the average sale price was $127,442. They lasted on the market an average of 35 days.

2 years ago there were 4 homes that sold. The average sale price was $121,875. They were on the market for an average of 23 days.

Last year there were 5 homes that sold. The average sale price was $122,500. They were on the market for an average of 60 days.

Currently there are 2 homes under contract to close in the community and one on the market.

Based on current inventory levels and home sale trends we are at a seller's market in regards to Crestdale Crossing. Six months of inventory tends to be an average market. With only one house on the market we have a three month supply based on last year's sales.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Report February 2011

Tucked away in Matthews, NC. is Crestdale Crossing. A small subdivison made up of 110 homes. A popular spot among young familes this 8 year old subdivison is an affordable place to live within the Matthews school district.

History has shown this community has done well in this down Real Estate market. The numbers below are sales from February 1 to January 31.

3 years ago there were 13 homes that sold. the average sale price was $128177. They lasted on the market an average of 34 days.

2 years ago there were 4 homes that sold. The average sale price was $121,875. They were on the market for an average of 23 days.

Last year there were 5 homes that sold. The average sale price was $122,500. They were on the market for an average of 60 days.

Currently there are 2 homes actively on the market right now.

Based on current inventory levels and home sale trends we are at a balanced market in regards to Crestdale Crossing. Six months of inventory tends to be an average market. It favors neither the seller or the buyer. Over the paast two years the trend has been less homes sold. In addition, less people have tried to sell their home during this time period as well..

Dave dicecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing matthews, NC. Market Report Dec. 2010

Tucked away in Matthews, NC. is Crestdale Crossing. A small subdivison made up of 110 homes. A popular spot among young familes this 8 year old subdivison is an affordable place to live within the Matthews school district.

History has shown this community has done well in this down Real Estate market. The numbers below are sales from Nov. 1 to Dec. 1.

3 years ago there were 15 homes that sold. the average sale price was $127,620. They lasted on the market an average of 33 days.

2 years ago there were 4 homes that sold. The average sale price was $121,875. They were on the market for an average of 23 days.

Last year there were 5 homes that sold. The average sale price was $122,000. They were on the market for an average of 60 days.

Currently there are 2 homes actively on the market right now.

Based on current inventory levels and home sale trends we are at a balanced market in regards to Crestdale Crossing. Six months of inventory tends to be an average market. It favors neither the seller or the buyer.

Dave dicecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Report Nov. 2010

Crestdale Crossing in Matthews NC. 28105 and it's quaint 110 home subdivision has been a refuge for a lot fo people. This neighborhood is made up of 3 bedroom 2.5 bath homes that range from 1400 square feet to a little over 1700 square feet. During the difficult housing market times; this neighborhood has endured well. the statistics below are from November 1 to October 31st the following year:

3 years ago there were 14 homes that sold for an average sale price of $129,057. They were on the market for an average of 35 days.

2 years ago there were 4 homes that sold for an average of $116,500. They were on the market for an average of 15 days.

Last year there were 5 that sold for an average of $127,500. They were on the market for an average of 48 days.

Currently there are 2 homes active on the market right now. There is also one that is pending a close date.

As the trend shows and has been showing is that homes in this neighborhood sell quickly; even in a down market. The prices have been for the most part stable over the past few years...

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Report Oct. 2010

As we head into the latter part of fall and the beginning of winter we have seen some turmoil in the housing market in the past couple of years. As home prices were falling interest rates were dropping with them making it even a better time to purchase a home. Now, that is appears the bottom has been reached and we begin th slow climb back up the ladder of home prices; this community in Matthews NC. has done it's share to shield itself from the turmoil.

Crestdael Crossing is a community of about 110 single family homes nestled away in Matthews clsoe to downtown and independence blvd. A quiet community which is known for it's diversity and young families. There is not a day that goes by that you do not see kids riding bikes, playing basketball or visiting the spacious park. Maybe those are some of the reasons the community has withstood the housing market better than most.

3 years ago 14 homes sold for an average sale price of $129,057. They lasted on the market for only an average of 35 days.

2 years ago 3 homes sold for an average sale price of $109,333. They lasted an average on the market of only 13 days.

Last year 6 homes sold for an average sale price of $129,600. They lasted on the market for an average of only 42 days.

Currently there is only one home on the market in this quiet family subdivsion. So, as you can see eve as the market has tumbled the pricing (except for the intial crash) has been stable. Also, the average days on market is substantially less than the current market dictates.....

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Report September 2010

The housing market is in such a flux right now that you almost could daily write about the changes that are happening. No two people can seem to agree on whether the hosuing market is stabilizing, gettign better or worse. One factor though that has always remained a staple for how home prices are doing is market supply.

In Matthews, NC. there is a little subdivison (approximately 110 homes) that offers a lot of home for a young family. In past reprots I have written about this subdivsion it has weathered the storm of falling home prices rather well. The ideal situation is to have a six month supply of homes. that is considered a balanced inventory. It does not favor the seller or the buyer. Swing one way or the other and the advantage swings with it.

So, three years ago from September 2007 to September 2008 14 homes sold for an average sale price of $129,057. it took on average 35 days for these homes to sell.

Two years ago there were 2 sales at an average sale price of $110,250. they were on the market for an average for only 14 days.

Last year there were 6 sales for an average sale price of $129,600. They were on the market for an average of 42 days.

Currently there are 3 homes on the market right now for an average asking price of $121,300. they ahve been on the market for an average of 102 days.

Based on the last 3 years of sales averaged out the subdivison sells an average of 7.3 per year. So, with 3 on the market currenelty it is slighly favoring a seller market in here. However; the days on the market has dramatically increased from previous years making it a more balanced market.

So, though Matthews, NC. and most of the country has seen a dramatic decrease in prices...this little quiet family oriented subdivsion of Matthews, NC. has been very stable in it's sale prices.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Trends August 2010

Crestdale Crossing in Matthews North Carolina has seem to been isolated from the market recession over the past couple years. The neighborhood is stable.

Currently there is 3 on the market right now for an average asking price of $123,600. There is one home pending right now.

This year there has been 4 homes that have sold so far for an average sale price of $127,000. The average days on the market for these homes is 52 days.

In 2009 there was 6 homes that sold for an average sale price of $121,625. They were on the market for an average of 63 days.

In 2008 there were 3 homes that sold for an average of $109,333. They were on the market for an average of 13 days.

Based on the average of homes sold over the past two years and what ahs sold thsi year the inventory seems to be about right. in an perfect environment that does nto favor the seller or buyer you would want 6 months of inventory on the market. Crestdale Crossing seems to be holding steady with that right now.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC.--offering Schools of Distinction

Crestdale Crossing located in Matthews North Carolina has become a very popular place to live among young families with children. One of the main reasons is the affordability it offers to send their children to the schools. A suburb of Charlotte, Matthews offers some of the best schools in the Charlotte Mecklenburg school district.

MMatthews Elementary School has performed year in and year out as a school of distinction. That grading policy means that at least 80% of the students are at or above the their expected grade level in English and Math for all grade levels. For the past three years the school has increased it's level of performance in both areas. Making it one of the few schools in the Charlotte district that has earned that level and improved on it each year.

Crestdale Middle School has also reached the level of School of Distinction during the past three years. In each of those three years the school has also improved on it's numbers striving to reach a higher goal. Crestdale also offers a wide array of extra curricular activities from sports, to drama, and band. recently recognized by the State of North Carolina as a "school to watch".

Butler High School is also known as a school of distinction. They have been working hard to reach that next level of excellence as well. With at least 82% of the students reaching expected levels of grade achievement in English and math each year and the numbers rising it will not be long before they are also known as a school of excellence. With over 93% fo the students that graduate going on to post education it is one of the highest in the Charlotte area.

With all the schools in the Crestdale Crossing area at least a school of disitnction and progressing each and every year toward the school of ecellence, families are trying to find affordable living in the Matthews area. That is why Crestdale Crossing has become a popular place among young families looking to start out in Matthews North Carolina area.

Dave diCecco

Realtor/Agent

www.davedicecco.com