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
Click here to see Somersby homes for sale.
Ever wonder what your Somersby home is worth?
Click here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Somersby in Matthews NC—2010 Real Estate Market Update*
Discover Charlotte North Carolina's Best Small Towns
Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.
Call Carol Fox at 704-814-6242
to list your property for sale or to purchase a home in
Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.
Search for homes and learn more about these communities
at www.CarolinaSmallTownLiving.com.
