Annandale in Indian Trail NC--2011 Real Estate Market Update
2011-11-20
Annandale in Indian Trail NC—2011 Real Estate Market
Update
Annandale is a pool community in Indian
Trail NC. Construction began in the neighborhood in 2006 and continues
today. Several builders have built homes in the neighborhood. The current
builder in Annandale is Legendary Homes.
How did the 2011 real estate market in Annandale compare with the
2009 and 2010 market in the neighborhood? The table below shows median
values for several characteristics of the marketplace. Nine homes sold in the
neighborhood in 2011.
Annandale Real Estate Market Comparison
New construction was the predominate type of sale in Annandale in 2011.
Because one builder was closing out its inventory and the new builder has
changed the product pricing in the neighborhood, the median sales price was
substantially lower in 2011 than in previous years. Median square footage
dropped in 2011 as well. Foreclosures and short sales made up approximately 30%
of sales in 2011, also bringing the median price down.
Annandale
Market Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$215,000 |
2627 |
44 |
98% |
| Year 2010 |
$239,950 |
3105 |
118 |
92% |
| Year 2011 |
$190,000 |
2700 |
127 |
96% |
Source: Carolina Multiple Listing Service
Annandale Types of Closed Sales
| Annandale Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
1 |
11.1% |
| New Construction |
5 |
55.5% |
| Foreclosure |
2 |
22.2% |
| Short Sale |
1 |
11.1% |
Source: Carolina Multiple Listing Service
Learn more: Annandale
in Indian Trail NC—Homes for Sale and Neighborhood Profile
Annandale Homes for Sale
Click
here to see Annandale homes for sale.
Ever wonder what your Annandale home is worth?
Click
here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Annandale in
Indian Trail NC—2011 Real Estate Market Update*