Market conditions are something we always discuss. It factors into what a home can sell for and what the market is bearing at the time. Brightmoor in Matthews is a large subdivision centrally located and convient to major shopping, highways and schools.
Every month we talk about how the market has changed from three years ago, two years ago, and presently. The variable that keeps going up seems to be the lenght of time it is taking to sell a home.
Three years ago 27 homes sold for an average price of $227,259. They lasted on the market for an average of 58 days.
Two years ago 13 homes sold for an average price of $227,273. They lasted on the market for an average of 76 days.
Last year 16 sold for an average price of $195,400. They were on the market for an average of 98 days.
Currently there are 13 active lsitigns in Brightmoor. The average price is $223,205 and they have been marketed for 65 days on average. Based on last 2 years of sale numbers there is a one year supply of homes on the market presently. In an ideal housing market that favors neither the seller or the buyer a six month inventory is considered a balance.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Friday, July 9, 2010
Thursday, July 8, 2010
Down Paymnet Assistance For Foreclsoed Homes
Today it seems we are all looking for that dream home or the first home we can call our own. With forclosures on the rise in Mecklenburg County; more people are opting to look for a foreclosed home in lieu of a resale home.
We are all trying to get in while the home prices are still down....Saving our money with the hopes to have enough saved to put down on a home. In these economic times that is harder than ever before for most people.
Well there is a little known program that can help you get into that home. The state of North Carolina has a program called agency first home mortgage. They can assisit you with up to $8000.00 in DOWN PAYMENT ASSISITANCE.
The program is designed to help families purchase their first home (or not be a homeowner in the past 3 years) that may not have the necessary down payment to get a mortgage.
You must meet certain income guidelines and sales price cannot exceed $210,000. The home cannot need repairs (can need updating). However; it is a forgivable loan that does nto have to be paid back at all.
So, thinking of buying that foreclosed home....Do not have the necessary down payment? There is help out there for you. You can visit there website for more information at www.nchfa.com.
Dave diCecco
Realtor/Broker
www.davedicecco.com
We are all trying to get in while the home prices are still down....Saving our money with the hopes to have enough saved to put down on a home. In these economic times that is harder than ever before for most people.
Well there is a little known program that can help you get into that home. The state of North Carolina has a program called agency first home mortgage. They can assisit you with up to $8000.00 in DOWN PAYMENT ASSISITANCE.
The program is designed to help families purchase their first home (or not be a homeowner in the past 3 years) that may not have the necessary down payment to get a mortgage.
You must meet certain income guidelines and sales price cannot exceed $210,000. The home cannot need repairs (can need updating). However; it is a forgivable loan that does nto have to be paid back at all.
So, thinking of buying that foreclosed home....Do not have the necessary down payment? There is help out there for you. You can visit there website for more information at www.nchfa.com.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Wednesday, July 7, 2010
New Listing: 505 Heather Place Monroe, NC. 28112
505 HEATHER PLACE MONROE, NC. 28112
Offered for Only $249,900
This large Spacious home located centrally in Monroe offers you a lot of home for the money. Built in 2007 this home is only three years old. The majestic home sits on almost one acre of land; offering the privacy we all so desire. When you walk in this home you are greated in the foyer by the great room with it's two story ceiling, gas fireplace and large windows.
The downstairs also boasts beautiful 42 inch cherry cabinets and granite countertops in the kitchen. Hardwood floors adorn most of the downstairs except for the great room and the bedroom. The kitchen has a large eating area and the house also has a formal dining room. A guest bedroom with access to a full bath finishes off the spacious downstairs.
Up the wood staircase and you are greated by a stunning view of the great room from the railing. The upstairs holds the laundry room and three large bedrooms and two full baths.
The master bedroom has a separate sitting area and a walk in closet large enough for to be a room. The other two bedrooms upstairs are almost as large as the master bedroom and also boast very large closet space.
Attached to the side of the home is a two car garage with access to the kitchen from there.
This home is conviently located offf HWY 200 in Monroe centraled to downtown Monroe and Waxhaw. But the best part of the home is it sits on a cul de sac.
Come enjoy great schools, low Union County taxes and no HOA.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Offered for Only $249,900
This large Spacious home located centrally in Monroe offers you a lot of home for the money. Built in 2007 this home is only three years old. The majestic home sits on almost one acre of land; offering the privacy we all so desire. When you walk in this home you are greated in the foyer by the great room with it's two story ceiling, gas fireplace and large windows.
The downstairs also boasts beautiful 42 inch cherry cabinets and granite countertops in the kitchen. Hardwood floors adorn most of the downstairs except for the great room and the bedroom. The kitchen has a large eating area and the house also has a formal dining room. A guest bedroom with access to a full bath finishes off the spacious downstairs.
Up the wood staircase and you are greated by a stunning view of the great room from the railing. The upstairs holds the laundry room and three large bedrooms and two full baths.
The master bedroom has a separate sitting area and a walk in closet large enough for to be a room. The other two bedrooms upstairs are almost as large as the master bedroom and also boast very large closet space.
Attached to the side of the home is a two car garage with access to the kitchen from there.
This home is conviently located offf HWY 200 in Monroe centraled to downtown Monroe and Waxhaw. But the best part of the home is it sits on a cul de sac.
Come enjoy great schools, low Union County taxes and no HOA.
Dave diCecco
Realtor/Broker
www.davedicecco.com
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