Bonterra Real Estate Market Report--2011 Mid-Year Review
Bonterra Real Estate Market Report—2011 Mid-Year Review
Bonterra is an Indian
Trail NC neighborhood that offers housing styles and amenities for all life
stages. Single family homes predominate but Bonterra also has patio homes with
yard maintenance includes as well as attached townhomes. There is also a
live/work section where you can live above your office or shop. Amenities
include a private equestrian center, a swimming pool and clubhouse, and several
parks and sports fields.
Bonterra Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Bonterra
can be found in the tables below. What can Bonterra buyers and sellers learn
from these statistics?
- Over 50% of home sales have been new construction. Another 30+% have been
foreclosures and short sales. Less that 10% were market resales indicating that
resale sellers are having a difficult time selling their homes in 2011.
- The median closed price and the median home square footage are higher in
2011 than in 2010. These numbers are likely due to the resurgence of new
construction sales in the neighborhood. Median list to sale is at 99% this
year, to be expected where new construction dominates the market.
- The townhome market in Bonterra is very weak with only two closings so far
in 2011.
Single Family Homes
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% |
| YTD 2011 |
$210,000 |
2699 |
137 |
99% |
Source: Carolina Multiple Listing Service
Townhomes
| 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% |
| YTD 2011 |
$141,500 |
2325 |
60 |
96% |
Source: Carolina Multiple Listing Service
Bonterra Types of Closed Sales
| Bonterra Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
2 |
9% |
| New Construction |
12 |
54.5% |
| Foreclosure |
6 |
27.2% |
| Short Sale |
2 |
9.3% |
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
Click
here to see Bonterra homes for sale.
Ever wonder what your Bonterra home is worth?
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here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Bonterra Real
Estate Market Report—2011 Mid-Year Review*