brightmoor Subdivison Matthews, NC. Market Report January 2011

Brightmoor Subdivison located in Matthews,NC is a large subdivsion of ranch and two story homes built in the late 90's to early 2000's. Tucked away and conviently located to major shopping schools and highways this subdivsion is ideally situated.

Here are the market trends for the past three years of homes that have sold and what is currently active on the market:

3 years ago there was 17 homes that sold for an average sale price of $221,394. The average days on the market was 41 days.

2 years ago there was 15 homes that sold for an average sale price of $209,087. The average days on the market was 43 days.

Last year there was 8 homes that sold and the they sold for an average of $178,929. The average days on the market was 112.

Currently there are 10 homes actively n the market right now with an average asking price of $220,240. They have been on the market for an average of 137 days.

The signifcant drop in sale price last year was mostly attributed to bank owned homes that hit the market. They were priced aggressively and in need of repairs. They accounted for almost 80% of all sales in there last year.

Dave dicecco
Realtor/Broker
www.davedicecco.com

New Listing: 12534 Shelly Pines Dr. Charlotte, NC. 28262

This 3 bedroom 2.5 bath home with bonus room located in the Mallard creek area of Charlotte is truly a gem of a buy at $129,900. Situated on a corner lot this home has tiled flooring in the foyer and throughout the kitchen and dining area. All the bathrooms are also floored with tile. The living room features new carpet installed less than six months ago. The roof was replaced last year and the fence less than eight months ago.

The open floor plan makes this home show larger than it is. You will truly enjoy the open space this house offers. Convience to major highways and local stores puts this home in an ideal location for commuters. It's close proximity to UNCC and research park make this an affordable option to people working in that area. The spacious 2 car garage has ample room for a work bench area as well as two full size cars.

Come see why Mallard creek area is one of the fastest grwoing areas in Charlotte.

David diCecco
Realtor/Broker
www.davedicecco.com

Crestdale Crossing Matthews, NC. Market Report January 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 January 1 to december 31 for the respective year.

3 years ago there were 14 homes that sold. the average sale price was $127,450. They lasted on the market an average of 32 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.

Dave diCecco
Realtor/Broker
www.davedicecco.com