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 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% |
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 Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 19 | 46.3% |
| New Construction | 12 | 29.3% |
| Foreclosure | 8 | 19.5% |
| Short Sale | 2 | 4.9% |
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
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Brandon Oaks in Indian Trail NC—2010 Real Estate Market Update*