Welcome to Carolinas Real Estate Talk Sign in | Help

Carolinas Real Estate Talk

Presenting Information about Real Estate and Living in the Small Towns of the Carolinas

Tags

CarolinaSmallTownLiving!

Indian Trail NC Real Estate Market Report--Year 2011

Indian Trail NC Real Estate Market Report—Year 2011

Click here to see other Indian Trail NC real estate market reports, both updated and historical.

 

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.

Taylor Glenn Meriwether Fieldstone Farm
Crismark Brookstone Village Brookhaven
Brook Valley Brandon Oaks Bonterra
Beacon Hills Annandale Arbor Glen

Source: Carolina Multiple Listing Service

Copyright 2012. Carol Fox. Allen Tate Realtors. *Indian Trail NC Real Estate Market Report—Year 2011*


Posted: Sunday, January 8, 2012 12:43 PM by Carol Fox

Comments

New Comments to this post are disabled