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Brandon Oaks in Indian Trail NC--2010 Real Estate Market Update

Brandon Oaks in Indian Trail NC—2010 Real Estate Market Update

Click here for an update to the 2011 real estate market in Brandon Oaks.

Brandon Oaks is one of the largest neighborhoods in Indian Trail NC.  Homes have been under construction in Brandon Oaks since the mid-1990s.  Construction continues today with builders Ryland Homes and DR Horton.

How did the 2010 real estate market in Brandon Oaks compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  The median closed price dropped 6.5% from 2010 to 2009.  The median square footage of homes closed in each year remained nearly identical indicating that similar sized homes were selling for less in 2010.  Sellers who successfully sold their homes in Brandon Oaks were on the market twice as long in 2010 as in 2009.  Their list to sale ratio remained the same at 97%.

Brandon Oaks Real Estate Market Comparison

Brandon Oaks Market UpdateMedian Closed PriceMedian Home Square FootageMedian Days on MarketMedian List to Sale Ratio
Year 2009$206,00024504997%
Year 2010$192,500241310097%

Source:  Carolina Multiple Listing Service

The mix of closed sale types affects the real estate market in any neighborhood.  In 2010, Brandon Oaks resale sellers were competing with new construction and with distressed properties.  The table shows that 29% of closed sales were new construction and 25% were foreclosures and short sales.  This stiff competition most likely affected the prices that resale sellers were able to command for their properties.

Brandon Oaks Types of Closed Sales

Brandon Oaks Sales TypesNumber of Closed SalesPercentage of Closed Sales
Resale1946.3%
New Construction1229.3%
Foreclosure819.5%
Short Sale24.9%

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—2010 Real Estate Market Update*

Posted: Saturday, January 1, 2011 2:21 PM by Carol Fox

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