Indian Trail NC Real Estate Market Report--Year 2011
Indian Trail NC Real Estate Market Report—Year 2011
How did the Indian Trail NC real estate market fare during 2011 and
how did 2011 market activity compare with the previous three years?
The tables below compare the Indian
Trail NC real estate market for years 2008 through 2011. 294 single family
homes and 6 townhomes closed in Indian Trail in 2011. The highest priced single
family home sale was $615,000. The highest priced townhome sale was $185,000.
Median days on the market decreased to 77 for single family homes and 81 for
townhomes.
Single Family Homes in Indian Trail NC
The single family market in Indian Trail improved in 2011 over 2010. The
median sales price was up slightly while the number of closings increased over
35%. Median days on market dropped 16.3% in 2011. The 2011 market, however,
was not as good as either 2008 or 2009.
Single Family Homes
| Indian Trail Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
| Median Sales Price |
$181,250 |
$169,200 |
$154,900 |
$155,597 |
| Number of Homes Sold |
326 |
314 |
217 |
294 |
| Median Days on Market |
41 |
40 |
92 |
77 |
Source: Carolina Multiple Listing Service
Townhomes and Condominiums in Indian Trail NC
The Indian Trail townhome market had very few sales making comparisons with
previous years difficult.
Townhomes and Condominiums
| Indian Trail Townhomes and Condos |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
| Median Sales Price |
$144,900 |
$112,750 |
$133,450 |
$124,000 |
| Number of Homes Sold |
25 |
8 |
4 |
6 |
| Median Days on Market |
48 |
30 |
135 |
81 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Indian Trail NC
Distressed sales accounted for roughly a quarter of the Indian Trail market
in 2011. Another quarter were new construction.
| Indian Trail Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
148 |
49.3% |
| New Construction |
76 |
25.3% |
| Foreclosure |
52 |
17.3% |
| Short Sales |
24 |
8.1% |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Indian Trail NC
The most active Indian Trail NC neighborhoods in 2011 are listed below.
Click on the links to see homes for sale and more information about the
neighborhood.
Source: Carolina Multiple Listing Service
Copyright 2012. Carol Fox. Allen Tate Realtors. *Indian
Trail NC Real Estate Market Report—Year 2011*