Brandon Oaks in Indian Trail NC Real Estate Market Report--2011 Year-to-Date Review
Brandon Oaks in Indian Trail NC Real Estate Market Report—2011
Year-to-Date Review
Brandon Oaks is the largest neighborhood in Indian
Trail NC. Under construction since the 1990s, the community still offers
new homes for sale although the neighborhood is nearly complete. Two amenities
centers and a fishing pond serve Brandon Oaks. Shopping is conveniently located
nearby with a theater complex under construction.
Brandon Oaks Real Estate Market Comparison
A detailed comparison of the 2011 year-to-date real estate market in Brandon
Oaks can be found in the tables below. What can Brandon Oaks buyers and sellers
learn from these statistics?
- Foreclosures and short sales account for over 30% of the 2011 sales
year-to-date. Brandon Oaks sellers have seen a steady decline in the median
sales price over the past two years. The YTD 2011 median price dropped 18.6%
from 2009 and 12.9% from 2010. With the median square footage of the homes
declining only 6.5%, sellers have seen an erosion of their home values.
- Still facing competition from new construction, resale sellers in Brandon
Oaks may have a difficult time selling their homes.
- For buyers, the value proposition in Brandon Oaks has never been
better.
Single Family Homes
Brandon Oaks
Market Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$206,000 |
2450 |
49 |
97% |
| Year 2010 |
$192,500 |
2413 |
100 |
97% |
| YTD 2011 |
$167,500 |
2290 |
71 |
96% |
Source: Carolina Multiple Listing Service
Brandon Oaks Types of Closed Sales
| Brandon Oaks Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
24 |
41.3% |
| New Construction |
14 |
24.1% |
| Foreclosure |
15 |
25.8% |
| Short Sale |
5 |
8.8% |
Source: Carolina Multiple Listing Service
Read more about Brandon Oaks, its community amenities, builders
and public schools: Brandon
Oaks in Indian Trail NC—Homes for Sale and Neighborhood Profile.
Brandon Oaks Homes for Sale
Click
here to see Brandon Oaks homes for sale.
Ever wonder what your Brandon Oaks home is worth?
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here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Brandon Oaks in
Indian Trail NC Real Estate Market Report—2011 Year-to-Date Review*