About Matthews' Crestdale Crossing

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 October1st through September 30th.

3 years ago there were 3 homes that sold for an average sale price of $109,333. They were on the market for an average of 13 days.

2 years ago there were 6 homes that sold for an average sale price of $121,625. They were on the market for an average of 63 days.

Last year there were 5 homes that sold for an average sale price of $92,120. They were on the market for an average of 70 days.

Currently there are 2 active homes on the market for an average sale price of $88,450. In addition there are 3 homes under contract that had an average asking price of $87,567. They were on the market for an average of 131 days.

Based on the current trends in Crestdale Crossing the inventory levels make it for a balanced market that favors neither the seller or the buyer.

Dave diCecco
Realtor/Broker
www.davedicecco.com

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 September 1st through August 30th.

3 years ago there were 3 homes that sold for an average sale price of $109,333. They were on the market for an average of 13 days.

2 years ago there was 6 homes that sold for an average of $121,625. They were on the market for an average of 63 days.

Last year there was 4 homes that sold. They sold for an average of $92,875.00. They were on the market for an average of 69 days.

Currently there is only one house on the market actively right now. it is priced at $84,900 and there are 2 other homes under contract.

Even in a market where home prices have fallen and inventory is up...this quaint little community in Matthews, NC. has doen well with selling homes in a timely fashion.....

Dave diCecco
Realtor/Broker
www.davedicecco.com

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 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 was 3 homes that sold for an average sale price of $109,333. They were on the market for an average of 13 days.

2 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 67 days.

Last year there was 5 homes that sold for an average of $100,700. They were on the market for an average of 71 days.

Currently there are two homes actively on the market right now for an average asking price of $87,375 and they ahve been on the market for an average of 111 days. There is also 2 additional homes under contract.

Based on the average trend of homes that have sold; Crestdale Crossing is a stabilized neighborhood that favors neither the seller or the buyer. In a perfect balanced market there is a 6 month supply of homes. Based on the trend the past 2 years it looks like Crestdale crossing is at a position where it neither favors the buyer or the seller currently......

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.

Every month I am asked by the families in this community how the values of the properties are. Considering I call this community home and am an active member of the new board of directors for the HOA; I feel I have a lLot at stake as to what happens in my community.

One thing that impressed me to the community is the stabilization of the prices over the past three years. We all know 2009 and 2010 have been tough years for us economically. Banks have collapsed and the housing market has crashed with wall street. However; this little community of 110 homes in Matthews seems to be staying ahead of the trend.

Three years ago there was an amazing 15 properties that sold for an average price of $129,973.00. They lasted on the market for an average of 72 days.

Two years ago there were 4 properties that sold for an average price of $122,500.00. They lasted on the market for an average of 31 days.

Last year 5 sold for an average price of $125,800. They lasted on the makret for 81 days on average.

Currently there are 3 on the market right now. However; 2 of them are under contract and scheduled to close in the next couple of months.

Historically, last year should have been the lowest home priced have been in an area. With the housing market collapse prices were falling rapidly. yet this little unknown subdivision in Matthews seemed to beat the trend and actually increased in value year over year.

Dave dicecco

Realtor/Broker

www.davedicecco.com