Union County Real Estate Talk

The 2011 Indian Trail NC Real Estate Market—Four Facts

It's time to look at the real estate market in Indian Trail NC and to assess how home buyers and home sellers fared in 2011.

Here are four facts about the Indian Trail marketplace in 2011.

1. The real estate market improved in 2011 over 2010 with more homes sold and fewer days on market.
2. The median single family sales price was up less than 1% over 2010 but down significantly from 2008 and 2009.
3. Very few townhomes sold in Indian Trail in 2011.
4. Approximately a quarter of 2011 sales were new construction and a quarter were distressed sales.

What do these four facts mean for Indian Trail buyers and sellers?

• The nearly equal median sales price of the past two years may mean that Indian Trail prices have bottomed.
• Buyers may find Indian Trail a good place to find affordable new homes.
• With resales representing only half of the market, Indian Trail sellers face competition from new homes and distressed sales.

Want to learn more about the real estate market in Indian Trail and see all the numbers for each of the past four years? Want to know where the most active Indian Trail neighborhoods were in 2011? Click on the link below.

Indian Trail NC Real Estate Market Report—Year 2011

Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Indian Trail NC Real Estate Market—Four Facts*

Brandon Oaks in Indian Trail NC Real Estate Market Report—2011 Year-to-Date Review

Brandon Oaks is the largest neighborhood in Indian Trail NC.  Under construction since the 1990s, the community still offers new homes for sale although the neighborhood is nearly complete.  Two amenities centers and a fishing pond serve Brandon Oaks.  Shopping is conveniently located nearby with a theater complex under construction.

Brandon Oaks Real Estate Market Comparison

A detailed comparison of the 2011 year-to-date real estate market in Brandon Oaks can be found in the tables below.  What can Brandon Oaks buyers and sellers learn from these statistics?

1. Foreclosures and short sales account for over 30% of the 2011 sales year-to-date.  Brandon Oaks sellers have seen a steady decline in the median sales price over the past two years.  The YTD 2011 median price dropped 18.6% from 2009 and 12.9% from 2010.  With the median square footage of the homes declining only 6.5%, sellers have seen an erosion of their home values.
2. Still facing competition from new construction, resale sellers in Brandon Oaks may have a difficult time selling their homes.
3. For buyers, the value proposition in Brandon Oaks has never been better.

Single Family Homes

Brandon Oaks Market Update	Median Closed Price	Median Home Square Footage	Median Days on Market	Median List to Sale Ratio
Year 2009	$206,000	2450	49	97%
Year 2010	$192,500	2413	100	97%
YTD 2011	$167,500	2290	71	96%

Source: Carolina Multiple Listing Service

Brandon Oaks Types of Closed Sales

Brandon Oaks Sales Types	Number of Closed Sales	Percentage of Closed Sales
Resale	24	41.3%
New Construction	14	24.1%
Foreclosure	15	25.8%
Short Sale	5	8.8%

Source: Carolina Multiple Listing Service

Read more about Brandon Oaks, its community amenities, builders and public schools: Brandon Oaks in Indian Trail NC—Homes for Sale and Neighborhood Profile.

Brandon Oaks Homes for Sale

Click here to see Brandon Oaks homes for sale.

Ever wonder what your Brandon Oaks home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors. *Brandon Oaks in Indian Trail NC Real Estate Market Report—2011 Year-to-Date Review*

Indian Trail NC Real Estate Market Report—July-September 2011

The median sales price of single family homes in Indian Trail NC dropped 5% in the third quarter of 2011 from the second quarter.  The number of homes sold remained nearly the same as the previous quarter.  Median days on market dropped to 68 day.

Only four townhomes sold in Indian Trail during the third quarter.  The median sales price improved slightly to $101,300.  Median days on market increased to four months.

What do the third quarter 2011 numbers mean for Indian Trail NC buyers and sellers?

• Single family home sellers in Indian Trail saw a downward pressure on home prices during the quarter while townhome sellers saw an improvement.
• Housing, both single family and townhomes, remains very affordable for buyers in Indian Trail. 

Single Family Homes

Indian Trail Single Family Homes	Year 2008	Year 2009	Year 2010	Quarter 1 Year 2011	Quarter 2 Year 2011	Quarter 3 Year 2011
Median Sales Price	$181,250	$169,200	$154,900	$153,000	$157,000	$149,000
Number of Homes Sold	326	314	217	51	80	78
Median Days on Market	41	40	92	114	79	68

Source: Carolina Multiple Listing Service

Townhomes and Condominiums

Indian Trail Townhomes and Condos	Year 2008	Year 2009	Year 2010	Quarter 1 Year 2011	Quarter 2 Year 2011	Quarter 3  Year 2011
Median Sales Price	$144,900	$112,750	$133,450	n/a	$98,000	$101,300
Number of Homes Sold	25	8	4	n/a	3	4
Median Days on Market	48	30	135	n/a	96	121

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Indian Trail NC Third Quarter 2011

The following neighborhoods had the most sales activity during the third quarter. Click on the neighborhood for more information and a list of homes for sale.

Fieldstone Farm	Braefield	Brandon Oaks
Brookhaven	Bonterra	Crismark

Copyright 2011. Carol Fox. Allen Tate Realtors. *Indian Trail NC Real Estate Market Report—July-September 2011*

Bonterra Real Estate Market Report—2011 Mid-Year Review

Bonterra is an Indian Trail NC neighborhood that offers housing styles and amenities for all life stages.  Single family homes predominate but Bonterra also has patio homes with yard maintenance includes as well as attached townhomes.  There is also a live/work section where you can live above your office or shop.  Amenities include a private equestrian center, a swimming pool and clubhouse, and several parks and sports fields.

Bonterra Real Estate Market Comparison

A detailed comparison of the 2011 year-to-date real estate market in Bonterra can be found in the tables below.  What can Bonterra buyers and sellers learn from these statistics?

1. Over 50% of home sales have been new construction.  Another 30+% have been foreclosures and short sales.  Less that 10% were market resales indicating that resale sellers are having a difficult time selling their homes in 2011.
2. The median closed price and the median home square footage are higher in 2011 than in 2010.  These numbers are likely due to the resurgence of new construction sales in the neighborhood.  Median list to sale is at 99% this year, to be expected where new construction dominates the market.
3. The townhome market in Bonterra is very weak with only two closings so far in 2011.

Single Family Homes

Bonterra Single Family Market Update	Median Closed Price	Median Home Square Footage	Median Days on Market	Median List to Sale Ratio
Year 2009	$231,000	2649	34	96%
Year 2010	$197,500	2491	99	97%
YTD 2011	$210,000	2699	137	99%

Source: Carolina Multiple Listing Service

Townhomes

Bonterra Townhome Market Update	Median Closed Price	Median Home Square Footage	Median Days on Market	Median List to Sale Ratio
Year 2009	$132,000	1612	69	91%
Year 2010	$139,000	1900	168	99%
YTD 2011	$141,500	2325	60	96%

Source: Carolina Multiple Listing Service

Bonterra Types of Closed Sales

Bonterra Sales Types	Number of Closed Sales	Percentage of Closed Sales
Resale	2	9%
New Construction	12	54.5%
Foreclosure	6	27.2%
Short Sale	2	9.3%

Source: Carolina Multiple Listing Service

Read more about Bonterra, its community amenities, builders and public schools.

Bonterra Patio Homes in Indian Trail NC: Homes for Sale and Neighborhood Profile

Live, Work and Play at Bonterra Village in Indian Trail NC

Bonterra Homes for Sale

Click here to see Bonterra homes for sale.

Ever wonder what your Bonterra home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors. *Bonterra Real Estate Market Report—2011 Mid-Year Review*

Indian Trail NC Real Estate Market Report—April-June 2011

Indian Trail NC has grown over the past decade to become Union County’s largest town.  Indian Trail has a number of affordable neighborhoods and new commercial areas providing shopping and restaurants.

During the second quarter of 2011, the Indian Trail real estate market showed improvement with 80 single family homes sold, a 56.8% jump over first quarter sales.  The median sales price increased 2.6% and median days on market fell 30%.  The townhome/condo market in Indian Trail is very small with few sales.

What do the second quarter 2011 numbers mean for Indian Trail NC buyers and sellers?

• Sellers in Indian Trail may have the best opportunity in a year to sell their homes. 
• Buyers for properties in Indian Trail can find affordable prices in neighborhoods with convenient access to amenities.

Single Family Homes

Indian Trail Single Family Homes	Year 2008	Year 2009	Year 2010	Quarter 1 Year 2011	Quarter 2  Year 2011
Median Sales Price	$181,250	$169,200	$154,900	$153,000	$157,000
Number of Homes Sold	326	314	217	51	80
Median Days on Market	41	40	92	114	79

Source: Carolina Multiple Listing Service

Townhomes and Condominiums

Indian Trail Townhomes and Condos	Year 2008	Year 2009	Year 2010	Quarter 1 Year 2011	Quarter 2  Year 2011
Median Sales Price	$144,900	$112,750	$133,450	n/a	$98,000
Number of Homes Sold	25	8	4	n/a	3
Median Days on Market	48	30	135	n/a	96

Source: Carolina Multiple Listing Service

 Most Active Neighborhoods in Indian Trail NC  Second Quarter 2011

The following neighborhoods had the most sales activity during the second quarter. Click on the neighborhood for more information and a list of homes for sale.

Fieldstone Farm	Brook Valley	Brandon Oaks
Brookhaven	Bonterra

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Indian Trail NC Real Estate Market Report—April-June 2011*

Indian Trail NC Real Estate Market Report—January-March 2011

Fifty one homes closed during the first quarter 2011 in Indian Trail NC.  The median sales price of single family homes decreased slightly during the first quarter of 2011 compared to median prices in 2010.  The highest priced sale during the first quarter was $460,000.  There were no townhome closings during the quarter.

What do the first quarter 2011 numbers mean for Indian Trail buyers and sellers?

• Indian Trail sellers maintained the median pricing of 2010 but days on market increased quite a bit.   
• Buyers for properties in Indian Trail may be able to find the best pricing and values for many years.

Single Family Homes

Indian Trail Single Family Homes	Year 2008	Year 2009	Year 2010	Quarter 1  Year 2011
Median Sales Price	$181,250	$169,200	$154,900	$153,000
Number of Homes Sold	326	314	217	51
Median Days on Market	41	40	92	114

Source: Carolina Multiple Listing Service

Townhomes and Condominiums 

Indian Trail Townhomes and Condos	Year 2008	Year 2009	Year 2010	Quarter 1  Year 2011
Median Sales Price	$144,900	$112,750	$133,450	n/a
Number of Homes Sold	25	8	4	n/a
Median Days on Market	48	30	135	n/a

Source: Carolina Multiple Listing Service

Most Active Neighborhoods in Indian Trail NC  First Quarter 2011

The following neighborhoods had the most sales activity during the first quarter.  Click on the neighborhood for more information and a list of homes for sale.

Brandon Oaks	Brook Valley
Brookstone Village	Fieldstone Farm

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Indian Trail NC Real Estate Market Report—January-March 2011*

Indian Trail NC Real Estate Market Report—Year 2010

How did the Indian Trail NC real estate market fare during 2010 and how did 2010 market activity compare with 2009 and 2008?

The tables below compare the Indian Trail NC real estate market for years 2008 through 2010.  217 single family homes and 4 townhomes closed in Indian Trail in 2010.  The highest priced single family home sale was $545,000.  The highest priced townhome sale was $152,000.  Median days on the market jumped for  both single family homes and townhomes.  The median list to sale ratio in 2010 was 97% for single family homes and 99% for townhomes.

Single Family Homes in Indian Trail NC

The median sales price in Indian Trail was down 8.4% from 2009 and 14.5% from 2008.  The number of homes sold showed a slight decrease from 2008 to 2009 but the number sold dropped 30.8% in 2010.  Median days on the market were up 130% from 2009.

Indian Trail Single Family Homes	Year 2008	Year 2009	Year 2010
Median Sales Price	$181,250	$169,200	$154,900
Number of Homes Sold	326	314	217
Median Days on Market	41	40	92

Source:  Carolina Multiple Listing Service

Townhomes and Condominiums in Indian Trail NC

Indian Trail doesn’t have very many townhome or condominium complexes so there aren’t many units sold each year.  The number of townhomes sold in Indian Trail during 2010 decreased 50% from 2009.  The median sales price in 2010 was up 18.3% from 2009.  Median days on the market increased in 2010.

Indian Trail Townhomes and Condos	Year 2008	Year 2009	Year 2010
Median Sales Price	$144,900	$112,750	$133,450
Number of Homes Sold	25	8	4
Median Days on Market	48	30	135

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Indian Trail NC

The most active Indian Trail NC neighborhoods in 2010 are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 and 2010 real estate activity and to search for current homes for sale.

Annandale	Arbor Glen	Bent Creek
Bonterra	Braefield	Brandon Oaks
Brookhaven	Brookstone Village	Crismark
Fieldstone Farm	Holly Park	Meriwether
Taylor Glen

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Indian Trail NC Real Estate Market Report—Year 2010*

Indian Trail NC Home Sales and Best Buys—November 2010 Update

This is a summary of home sales transactions in Indian Trail NC since the beginning of November.  It includes statistics on closed listings, properties that have gone under contract, and current best buys.  Best buys are those properties that have had the greatest price reductions in the past two weeks on a percentage basis.

Properties under contract are the best indicators of the current Indian Trail real estate market as these are properties recently chosen for purchase.  Closed transactions represent the marketplace of 30 to 90 days ago.  The tables below show an increase in the median sales price for “under contract” properties versus those that have closed in November.  The average and median days on market for November closings was much shorter than those for properties “under contract”.

Indian Trail NC Home Sales—Best Buys

   6522 Potters RD  Matthews, NC 28104  $104,900  3 Beds  1.13 Acres  MLS#: 962756
VIEW | SAVE                 Keller Williams Realty

  1008 Rural Farm RD  Indian Trail, NC 28079  $159,900  4 Beds  0.22 Acres   MLS#: 913499
VIEW | SAVE     RE/MAX Signature Properties

 Source:  Carolina Multiple Listing Service IDX

Mint Hill NC Home Sales—Properties Under Contract

23 properties	List Price	Days on Market
High	$379,900	330
Low	$75,160	1
Average	$169,216	104
Median	$159,999	96

Source:  Carolina Multiple Listing Service

Mint Hill NC Home Sales—Closed Transactions

10 properties	Sales Price	List to Sale Ratio	Days on Market
High	$272,000	100%	110
Low	$66,000	93%	1
Average	$155,949	98%	35
Median	$156,097	100%	14

Source:  Carolina Multiple Listing Service

Want to know more about real estate and living in Indian Trail NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Indian Trail NC Home Sales and Best Buys—November 2010 Update*

Indian Trail NC Real Estate Market Report—July-September 2010

How did the Indian Trail NC real estate market fare in the third quarter of 2010 and how does 2010 market activity compare with 2009?

In the third quarter 2010, the average sales price in Indian Trail NC tumbled 11% from the second quarter 2010 and 13% from the 2009 average sales price.  The number of homes sold in the third quarter was a little more than half those sold during the second quarter.  There were no townhome or condominium sales in the third quarter.  These numbers most likely reflect slower sales after the end of the federal tax credit.

Indian Trail NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Indian Trail NC for single family homes and townhomes in 2008 and 2009 plus the first three quarters of 2010. 

Single Family Homes in Indian Trail NC

2009 Average Sales Price:  $183,963   First Quarter 2010 Average Sales Price:  $159,340  Second Quarter 2010 Average Sales Price:  $180,560  Third Quarter 2010 Average Sales Price:  $159,548

2009 Number of Homes Sold:  313    First Quarter 2010 Number of Homes Sold:  47  Second Quarter 2010 Number of Homes Sold:  80   Third Quarter 2010 Number of Homes Sold:  45 

2009 Average Days on Market:  103   First Quarter 2010 Average Days on Market:  92   Second Quarter 2010 Average Days on Market:  104  Third Quarter Average Days on Market:  98

Townhomes and Condominiums in Indian Trail NC

2009 Average Sales Price:  $120,572    First Quarter 2010 Average Sales Price:  $139,000   Second Quarter 2010 Average Sales Price:  $139,950  Third Quarter 2010 Average Sales Price:  no sales  

2009 Number of Homes Sold:  11       First Quarter 2010 Number of Homes Sold:  2    Second Quarter 2010 Number of Homes Sold:  2     Third Quarter 2010 Number of Homes Sold:  no sales

2009 Average Days on Market:  119     First Quarter 2010 Average Days on Market:  195    Second Quarter 2010 Average Days on Market:  135  Third Quarter 2010 Average Days on Market:  no sales

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Indian Trail NC

The most active Indian Trail NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

Meriwether

Brandon Oaks

Annandale

Crismark

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Indian Trail NC Real Estate Market Report—July-September 2010*

Indian Trail NC Real Estate Market Report—April-June 2010

How did the Indian Trail NC real estate market fare in the second quarter of 2010 and how did it compare with 2009?

In Indian Trail NC, the single family average sales price for the first quarter 2010 increased dramatically over the first quarter rising almost to the 2009 average sales price.  The number of homes closed rose 70% most likely reflecting the federal tax credit stimulus.  Average days on market increased slightly.

There were only two townhomes sold in Indian Trail in the second quarter.  Prices remained steady for this segment of the market.

Indian Trail NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Indian Trail NC for single family homes and townhomes in 2008 and 2009 plus first and second quarter 2010.

 

Single Family Homes in Indian Trail NC

2009 Average Sales Price:  $183,963   First Quarter 2010 Average Sales Price:  $159,340  Second Quarter 2010 Average Sales Price:  $180,560

2009 Number of Homes Sold:  313    First Quarter 2010 Number of Homes Sold:  47  Second Quarter 2010 Number of Homes Sold:  80   

2009 Average Days on Market:  103   First Quarter 2010 Average Days on Market:  92   Second Quarter 2010 Average Days on Market:  104

Townhomes and Condominiums in Indian Trail NC

2009 Average Sales Price:  $120,572    First Quarter 2010 Average Sales Price:  $139,000   Second Quarter 2010 Average Sales Price:  $139,950  

2009 Number of Homes Sold:  11       First Quarter 2010 Number of Homes Sold:  2    Second Quarter 2010 Number of Homes Sold:  2    

2009 Average Days on Market:  119     First Quarter 2010 Average Days on Market:  195    Second Quarter 2010 Average Days on Market:  135

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Indian Trail NC

The most active Indian Trail NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

Meriwether

Brandon Oaks

Annandale

Crismark

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Indian Trail Real Estate Market Report—April-June 2010*