Crismark in Indian Trail NC--2010 Real Estate Market Update
Crismark in Indian Trail NC—2010 Real Estate Market Update
Crismark is a large subdivision located between Idlewild Road, Mill Grove Road and Stevens Mill Road in Indian Trail NC. Crismark has a variety of home prices ranging from the low $100,000s to over $300,000. While the neighborhood is nearly complete, it is still possible to find new construction for sale there. A new section called The Enclaves offers custom-built homes priced above $300,000. Two neighborhood amenity centers with pools serve the neighborhood.
How did the 2010 real estate market in Crismark compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The number of homes sold remained the same at 32 closed sales. Median prices dropped by 10.7% while the median square footage dropped by 7.2%. These numbers reflect a significant drop in price per square foot in the neighborhood. Median days on market doubled while the list-to-sale ratio remained the same.
Crismark Real Estate Market Comparison
Single Family Homes
| Crismark Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $180,450 | 2452 | 33 | 98% |
| Year 2010 | $161,000 | 2275 | 66 | 98% |
Source: Carolina Multiple Listing Service
Crismark Types of Closed Sales
A look at the types of home sales in Crismark shows why there was such a large drop in prices in 2010. Nearly sixty percent of home sales were foreclosures and short sales. New construction accounted for a little more than a third of the sales. Only two market resale homes sold in the neighborhood in 2010.
| Crismark Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 2 | 6.2% |
| New Construction | 11 | 34.3% |
| Foreclosure | 16 | 50% |
| Short Sale | 3 | 9.5% |
Source: Carolina Multiple Listing Service
Read more about Crismark, its community amenities, builders and public schools: Crismark in Indian Trail NC—Homes for Sale and Neighborhood Profile.
Crismark Homes for Sale
Click here to see Crismark homes for sale.
Ever wonder what your Crismark home is worth?
Click here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Crismark in Indian Trail NC—2010 Real Estate Market Update*