Brookhaven in Indian Trail NC--2010 Real Estate Market Update

By
Real Estate Agent with Allen Tate Company 704-905-3935 105804

Brookhaven in Indian Trail NC—2010 Real Estate Market Update

Brookhaven is one of Indian Trail NC’s most popular neighborhoods.  Located adjacent to the well-regarded Antioch Elementary School, Brookhaven is close to shopping, I-485, and historic downtown Matthews NC.Brookhaven in Indian Trail NC

Brookhaven’s 7000 square foot amenity center and walking trails serve approximately 500 homes.  New construction by John Weiland Homes is still available in Brookhaven, although the neighborhood is nearing completion.  Three sections offer homes from 3000 square feet to over 5000 square feet.  Basement homes are also available in Brookhaven.

How did the 2010 real estate market in Brookhaven compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  Forty two single family homes sold in the neighborhood compared with 55 in 2009.  Median prices dropped in 2010 while the median size of homes remained the same.  This drop in price per square foot is likely the result of the builder dropping prices for new construction.  Median days on market increased nearly three-fold while the median list-to-sale ratio remained the same.

Brookhaven Real Estate Market Comparison

Single Family Homes

Brookhaven
Market Update
Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $495,000 4181 34 96%
Year 2010 $470,000 4177 107 97%

Source:  Carolina Multiple Listing Service

Brookhaven Types of Closed Sales

Over half of Brookhaven’s home sales in 2010 were market resales.  New construction contributed over a quarter of market activity.  Foreclosures and short sales accounted for about 20% of the marketplace in Brookhaven, indicating a healthy real estate market in the neighborhood.

Brookhaven Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 22 52.3%
New Construction 14 28.5%
Foreclosure 2 4.7%
Short Sale 4 14.5%

Source:  Carolina Multiple Listing Service 

Read more about Brookhaven, its community amenities, builders and public schools:  Brookhaven in Indian Trail NC:  Homes for Sale and Neighborhood Profile.

Brookhaven Homes for Sale

Click here to see Brookhaven homes for sale.

Ever wonder what your Brookhaven home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Brookhaven in Indian Trail NC—2010 Real Estate Market Update*

 

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