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