Somersby in Matthews NC--2010 Real Estate Market
Somersby in Matthews NC—2010 Real Estate Market Update
Somersby is a small neighborhood with highly regarded schools and a great
Matthews location. There are no neighborhood amenities and no homeowners
association fees. Somersby homes were built in the 1980s and include both
two-story colonial homes and ranches.
How did the 2010 real estate market in Somersby compare with the 2009
market in the neighborhood? The table below shows median values for
several characteristics of the marketplace. Four homes sold in 2010 compared
with 5 in 2009.
Somersby Real Estate Market Comparison
Half of the home sales in Somersby in 2010 were foreclosures resulting in a
dramatic drop in the median closed price. The median list to sale ratio also
dropped significantly to 81%.
Somersby
Single Family Market
Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$230,000 |
1839 |
79 |
96% |
| Year 2010 |
$155,050 |
1608 |
95 |
81% |
Source: Carolina Multiple Listing Service
Somersby Types of Closed Sales
| Somersby Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
2 |
50% |
| New Construction |
n/a |
n/a |
| Foreclosure |
2 |
50% |
| Short Sale |
n/a |
n/a |
Source: Carolina Multiple Listing Service
Somersby Homes for Sale
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Somersby in
Matthews NC—2010 Real Estate Market Update*