Bonterra in Indian Trail NC--2010 Real Estate Market Update
Bonterra in Indian Trail NC—2010 Real Estate Market Update
You can live, work and play in Bonterra, one of Indian Trail NC’s best mixed use villages. You can also find a home to suit every lifestyle. Bonterra has single family homes, large and small. If you prefer a maintenance-free lifestyle, you can live in one of the patio homes or a townhome. Or you may prefer to live above your place of work in one of the live-work townhomes. A new home or a resale? Both are available in Bonterra.
Bonterra’s various villages are connected by landscaped parkways and community amenities including parks, tennis courts, a clubhouse and pool, and ball fields. A private equestrian facility with boarding and lessons is also available in the neighborhood.
How did the 2010 real estate market in Bonterra compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The number of single family homes sold decreased from 29 sales in 2009 to 22 sales in 2010. The townhome market in Bonterra is small with only 2 townhomes sold in 2009 and 5 sold in 2010.
Bonterra Real Estate Market Comparison
Single Family Homes
Median prices declined 14.5% in 2010 while median square footage dropped 5.8%. Median days on market tripled and the median list to sale ratio increased slightly.
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% |
Source: Carolina Multiple Listing Service
Townhomes
Median closed prices for townhomes increased 5.3% in 2010. The median square footage of these homes increased substantially by 17.8%. Median days on market more than doubled and the median list to sale ratio reached 99%.
| 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% |
Source: Carolina Multiple Listing Service
Bonterra Types of Closed Sales
New construction dominated the Bonterra market in 2010 with over 50% of sales. Foreclosures and short sales accounted for about 36% of the remaining sales with market resales only 11% of the total.
| Bonterra Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 3 | 11.1% |
| New Construction | 14 | 51.8% |
| Foreclosure | 9 | 33.3% |
| Short Sale | 1 | 3.8% |
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
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Bonterra in Indian Trail NC—2010 Real Estate Market Update*