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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. Bonterra in Indian Trail NC 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?

  1. 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.
  2. 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.
  3. 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?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Bonterra Real Estate Market Report—2011 Mid-Year Review*

Posted Sunday Sep 04