Meriwether in Indian Trail NC--2010 Real Estate Market Update
Meriwether in Indian Trail NC—2010 Real Estate Market Update
A great neighborhood for first time homebuyers, Meriwether in Indian Trail NC is located in the Sun Valley area where schools, shopping and restaurants are nearby. Neighborhood amenities include a swimming pool, fishing lake, walking trails and volleyball and basketball courts.
A number of small ranch homes can be found in Meriwether. Most homes in the neighborhood have one or two-car garages.
How did the 2010 real estate market in Meriwether compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Nineteen homes sold in the neighborhood each year.
Meriwether Real Estate Market Comparison
With foreclosures and short sales making up about 58% of 2010 sales in Meriwether, the median sales price dropped 5.9% from 2009 to 2010. The median square footage of homes sold in 2010 dropped 8.3% indicating that home sellers in Meriwether were receiving less for their homes. Median days on the market increased 60% year over year while the median list to sale ratio dropped to 96%.
Single Family Homes
Meriwether
Single Family Market Update | Median Closed Price | Median Home Square Footage | Median Days on Market | Median List to Sale Ratio |
| Year 2009 | $127,000 | 1238 | 43 | 97% |
| Year 2010 | $119,500 | 1351 | 69 | 96% |
Source: Carolina Multiple Listing Service
Meriwether Types of Closed Sales
| Meriwether Sales Types | Number of Closed Sales | Percentage of Closed Sales |
| Resale | 8 | 42.1% |
| New Construction | n/a | n/a |
| Foreclosure | 10 | 52.6% |
| Short Sale | 1 | 5.3% |
Source: Carolina Multiple Listing Service
Read more about Meriwether, its community amenities, builders and public schools: Meriwether in Indian Trail NC: Homes for Sale and Neighborhood Profile
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Copyright 2011. Carol Fox. Allen Tate Realtors. *Meriwether in Indian Trail NC—2010 Real Estate Market Update*