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What Happened In Ballantyne's Housing Market In Charlotte, NC~Dec 2016
December 2016 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) ended the year on a high note with home prices up, inventory down, pending sales up.
 
The average sale price of Ballantyne area homes increased by 4.5% to just under $349,000 as compared with the same period one year ago. 
 
Average days on market for property listings dropped to 32 days from 42 days just one year ago--a 23.8% improvement over the same period last year. Median days on market also dropped by 29.4% to 12 days in December 2016. 
 
Average price per square foot increased by 5.6% to $133/square foot in December 2016 versus the same period in 2015. Pending sales were up 3.6% in December versus the same month last year, while December closed sales  were up a scant 0.8%. The lack of inventory (new listings were up slightly at 3.1% in December) has definitely impacted contracts and closed sales.
 
The number of showings per listing and the number of showings until pending contract per listing. During December 2016, listed homes averaged 10 showings (up 8.7% versus December 2015) and 24 showings until pending contract (no change versus the same time period one year ago). Given the reduced number of available homes for sale, it's not surprising that those homes listed get considerable "traffic" prior to going ... more

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