Brightmoor subdivision is located in Matthews, NC.Â A very large subdivision of homes built in the 90â€™s.Â the community features 2 Olympic swimming pools, tennis courts and playgrounds.Â A lot of Matthews families call Brightmoor home.Â The market has trended over the last three years.Â Below is how many homes old in the past three years and the average sale price and time on the market:
3 years ago 17 homes sold for an average sale price of $227,332. The average days on the market were 42Â days.
2 years ago 15 homes sold for an average sale price of $200,087. The average days on the market were 51 days.
Last Year 9 homes sold for an average sale price ofÂ $175,563.Â The average days on the market was 104Â days.
Currently there are 11 homes on the market right now with an average sale price of $215,591. They have been on the market for an average of 165 days.Â There are also two homes pending.Â That means that they are under contract waiting to close.
Based on the current trend last year, Â Brightmoor in Matthews, NC. Is a market favoring the buyer. Â The reason for it is a six month supply is considered a balance market.Â When the supply of homes on the market is greater than a six month supply you favor the buyer.Â Thus the opposite is also true less than a six month supply favors the seller.