Key take-aways about the Ballantyne area housing market in June 2023 included: Closed home sales increasing to their highest level since June 2022. A list to sale price ratio of 101.38%, slightly higher than one month ago. Average days on market at their lowest level in 9 months at 11 days. Average sale prices increasing 10.49% compared with June 2022. May 2023 housing inventory flat compared with the previous month and declining compared with June 2022. New listings increasing month-over-month, but 30.43% lower than in June one year … (14 comments)
During Quarter 2-2023, Ardrey home sale prices increased compared with the same quarter one year ago, while the number of homes listed and sold declined, which resulted in a decline in average days on market. Although, the list to sale price ratio declined 2% year-over-year, the list to sale price ratio of 100% is more than respectable. Compared with Quarter 1-2023, Ardrey home prices also increased slightly as did the list to sale price ratio, while days on market declined quarter-over-quarter. Homes in Ardrey remain in great … (18 comments)
The Ballantyne area housing market heated up in the month of March with median home sale prices increasing 34.4% from February 2023 and 20.1% year-over-year. Ballantyne's average days on market fell to their lowest level since September 2022 to 18 days. Home sales also increased over February 2023.
BALLANTYNE AREA HOUSING MARKET HIGHLIGHTS MARCH 2023
BALLANTYNE HOME SALE PRICES INCREASE MONTH-OVER-MONTH & YEAR-OVER-YEAR Median sale price in March 2023 was $571,100, up 34.4% from $425,000 in February 2023 and up 13.2% from $504,500 in March 2022. The March 2023 median sale price … (22 comments)
The Ballantyne area housing market continued to cool in the month of January with lower closed and pending sales, higher days on market, lower list to sale price ratio, and more inventory. At the same time, home prices increased year-over-year and decreased slightly from December 2022. New listings increased from December (more than likely a seasonal factor at play here), but continue to be down year-over-year and down compared with Quarter 4-2022, as a whole.
With closed and pending sales down, Ballantyne's housing market is returning to more … (26 comments)
The Ballantyne housing market continued to cool in the month of November with lower closed and pending sales, higher days on market, lower list to sale price ratio, and more inventory. However, with just 1.1 months of inventory and new listings down month after month, Ballantyne area is no where near being a buyer's market yet.
While inventory increased significantly and the months supply of homes increased to 1.1 months, Ballantyne homes sold in about a month, on average, and at higher prices year-over-year. Home sellers received … (8 comments)
Carolina Holiday Light Spectacular: it's the first annual holiday light tour in Ballantyne's Backyard. Explore an outdoor walking trail of a million lights, larger-than-life snow globes, a giant snow tubing slide, a Christmas village and more! Ballantyne's Backyard will turn in a winter wonderland December 12th through 31st. (Free)
Gingerbread Lane at The Ballantyne Hotel: stroll through an enchanting display of gingerbread creations by both professionals and amateurs. Open 11:00 AM till 7:00 PM through December 26th. (Free)
Strolling Holiday Entertainment at Blakeney Town Center: enjoy strolling holiday performers roaming … (20 comments)
The Ballantyne housing market continued to cool in the month of October with regard to closed and pending sales and higher days on market. However, with just 1.3 months of inventory we are no where near being a buyer's market in the Ballantyne area as yet.
While inventory increased significantly and the months supply of homes increased to 1.3 months, Ballantyne homes sold in about a month, on average, and at higher prices year-over-year. Home sellers received a median 98.9% of list price in sale price.
The Ballantyne housing market definitely cooled in the month of September. However, with just 1.4 months of inventory we are no where near being a buyer's market or even a balanced market.
While inventory increased significantly and the months supply of homes doubled to 1.4 months, Ballantyne homes sold quickly and at higher prices year-over-year. Home sellers received a median 99.4% of list price in sale price. Foot traffic was definitely down, with the average home seeing 10.2 showings in September 2022 compared with 18.9 showings in … (12 comments)
While there's been lots of talk about housing markets showing signs of slowing down as a result of increases in interest rates and inventory increasing, in May 2022 we still saw NO SLOWDOWN in Charlotte's Ballantyne area where homes sold in 11 days, median and average home prices reached record levels, and new listings and inventory remained critically low. Home sellers continued to received a substantial amount (105.3%) over asking price in final sale price.
As a result, Ballantyne (28277 zip code) remained a home seller's market … (34 comments)
ballantyne area homes for sale: What's My Ballantyne Area Home Worth? More Than You Might Think!
- 03/09/22 04:45 AM
Latest news on the Ballantyne real estate market in February 2022 and what it means for you... Ballantyne area (28277 zip code) in south Charlotte remained a home seller's market in February 2022, resulting from the continued lack of inventory, which dropped 52% year-over-year. Months supply of inventory was down 50% compared with February 2021 to 0.3 months of housing supply. Closed and pending sales decreased year-over-year due to lack of inventory and new listings.
Ballantyne Housing Market Highlights February 2022 versus February 2021
Average Ballantyne home sale prices increased 24% to $519,024 in February 2022 compared with the same month one year … (34 comments)
Ballantyne (28277 zip code) remained a home seller's market in January 2022 as we began a new year, resulting from the continued lack of inventory, which dropped 54.2% year-over-year. Months supply of inventory was down 50% compared with January 2021 to 0.3 months of housing supply. Closed and pending sales decreased year-over-year due to lack of inventory and new listings. Ballantyne Housing Market Highlights January 2022 versus January 2021
Average Ballantyne home sale prices increased 12.3% to $474,741 in January 2022 compared with the same month … (24 comments)
Ballantyne (28277 zip code) remained a seller's market in December 2021 resulting from the continued lack of inventory, which dropped 40.7% year-over-year. Months supply of inventory was down 42.9% compared with December 2020 to 0.4 months of housing supply. Closed and pending sales decreased year-over-year due to lack of inventory.
Average Ballantyne home sale prices increased 11.5% to $494,000 in December 2021 compared with the same month one year ago. Home prices have risen some $107,000 over December 2019. Median home sale prices increased 10.3% … (28 comments)
ballantyne area homes for sale: Ballantyne (28277 Zip Code) A Home Seller's Market In September 2021
- 10/10/21 06:02 AM
Latest news on the Ballantyne real estate market in September 2021 and what it means for you... Ballantyne remained a seller's market in September 2021 resulting from the continued lack of inventory, which dropped 46.7% year-over-year. Months supply of inventory was down 45.5% compared with September 2020 to 0.6 months of housing supply. The drop in housing inventory year-over-year resulted in 24 fewer days on market, on average. Closed and pending sales decreased year-over-year due to lack of inventory.
Average Ballantyne home sale prices increased 10.5% to $500,670 in September 2021 compared with the same month one year ago. Average home sale … (8 comments)
Latest news on the Ballantyne real estate market in July 2021 and what it means for you...
Ballantyne remained a seller's market in July 2021 due to the continued lack of inventory, which dropped almost 49.4% year-over-year. Months supply of inventory was down 50% compared with July 2020 to 0.7 months of housing supply. The drop in housing inventory year-over-year resulted in 12 fewer days on market. Closed and pending sales both decreased year-over-year, most likely due to lack of inventory.
Average Ballantyne home sale prices surged 24.8% to $532,613 in July 2021 compared with the same month one year ago. Average … (24 comments)
Latest news on the Ballantyne real estate market in May 2021 and what it means for you...
Ballantyne remained a seller's market in May 2021 due to the continued lack of inventory, which dropped almost 52% year-over-year. Months supply of inventory was down 60% compared with May 2020 to 0.6 months of housing supply. The drop in housing inventory year-over-year resulted in 19 fewer days on market. Closed sales increased year-over-year, while pending sales were down due to lack of inventory.
Average Ballantyne home sale prices surged 24.7% to $497,379 in May 2021 compared with the same month one year ago. Average … (26 comments)
Ballantyne remained a seller's market in April 2021 due to the continued lack of inventory, which dropped over 56% year-over-year. Months supply of inventory was down 60% compared with April 2020 to 0.6 months of housing supply. The drop in housing inventory year-over-year resulted in lower days on market. Closed and pending sales increased year-over-year... at least partially because of the drop in homes sales due to the lockdowns in April 2020.
Average Ballantyne home sale prices surged 21.2% to $511,885 in April 2021 compared with … (22 comments)
Latest news on the Ballantyne real estate market and what it means for you...
Ballantyne remained a seller's market in March 2021 due to the continued lack of inventory, which dropped over 66% year-over-year. Months supply of inventory was down (-64.3%) compared with March 2020 to 0.5 months of housing supply. The drop in housing inventory year-over-year resulted in considerably lower days on market, a decrease in closed sales, and much higher home prices.
Average Ballantyne home sale prices increased 14.5% to $472,328 in March 2021 compared with the same month one year ago. Median home sale prices increased 14.9% to $415,123 … (24 comments)
Bridgehampton Neighborhood in Charlotte's Ballantyne Real Estate Report & Neighborhood Spotlight: Quarter 1 - 2021
On the Charlotte, North Carolina side of Bridgehampton, NO homes sold in the 1st Quarter 2021. As a result, at first quarter-end, NO homes were under contract on the Charlotte side of Bridgehampton and NO homes were listed for sale.
What says extreme inventory shortage than no homes listed, no homes sold, no homes under contract?
On the Indian Land, South Carolina side of Bridgehampton, 5 homes sold during the first quarter 2021 at an average sale price of $548,780 and a median sale price of $534,900. On average, sellers received 97.7% of list … (24 comments)
13 Hottest Selling Ballantyne Area (28277 Zip Code) Neighborhoods In 2020 To Watch In 2021
The Ballantyne area of south Charlotte has long been considered one of the hottest neighborhoods in the Queen City. Wondering what some of Ballantyne area's hot neighborhoods are? Here are the 13 hottest selling neighborhoods in Ballantyne in 2020 to watch in 2021 (and a few "runners up").
PROVIDENCE POINTE
24 homes sold in Providence Pointe in 2020 at an average selling price of $437,047 compared with 25 home sales in 2019 at an average sale price of $414,048. Providence Pointe homes sold at 98.8% of asking price on … (12 comments)
Novant Health broke ground on February 25th for its new 38-acre Ballantyne Medical Center campus, which will include a hospital and a 56,000-square-foot medical office building. The Center's services will include emergency care, inpatient care, women’s care (including birthing suites), expanded diagnostic services, and surgical services. The $180 million investment will bring acute care resources to the Ballantyne area in south Charlotte at a 168,000-square-foot state-of-the-art medical facility planned to open in 2023.
The Novant Health Ballantyne Medical Center will also include walking trails and space for community events.
The Ballantyne Medical Center is located … (38 comments)
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