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*
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Tucked among the trees off Elizabeth Lane, Somersby is a small neighborhood built in the 1980s. Colonial-styled two-stories and ranches range in size from approximately 1400 square feet to approximately 2400 square feet.