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What's Happening In Charlotte's Ballantyne Housing Market~August 2015

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

September 02, 2015 02:13 AM

August 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code) with no summer doldrums in sales. The average sale price of Ballantyne area homes increased by 4.4% to just over $330,000 as compared with the same period one year ago.

Meanwhile, median days on market for property listings dropped to 20 days from 38 days just one year ago--a 47.4% improvement over the same period last year. Average days on market also dropped by 19.6% in August 2015.

Average price per square foot also increased by 4.2% to $124/square foot in August 2015 versus the same period in 2014. Pending sales were up 14.6% in August versus the same period last year, while August's closed sales were up 11%.

The median percent of original list price that sellers received for their homes was essentially flat compared with last year, but at 97.1%, it shows how little negotiating room there is in the 28277 zip code for Ballantyne area homes.

Clearly, Ballantyne area homes are selling, selling faster, and selling for more money.

New listings increased negligibly by 1% versus August 2014. Nonetheless, every little bit helps, as our hot spring selling season turned into a sizzling summer selling season that didn't seem to want to end. The Ballantyne area's months supply of homes stands at 2.6 months overall and at half that with just 1.2 months for foreclosure homes. It's a true seller's market in the 28277 zip code and very competitive, with many homes selling within a day or two of listing, often with multiple offers.

Ballantyne Area Local Market Update - August 2015

SEARCH ALL BALLANTYNE AREA HOMES FOR SALE

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

Previous Ballantyne Area Housing Market Updates:

http://activerain.com/blogsview/4680984/may-2015-charlotte-housing-market-update-ballantyne-area

http://activerain.com/blogsview/4661748/april-2015-charlotte-housing-market-update-ballantyne-area

http://activerain.com/blogsview/4641680/march-2015-charlotte-housing-market-update-ballantyne-area

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Sybil Campbell

Fernandina Beach, FL

Referral Agent Amelia Island Florida

Nina Hollander, It's good that the Ballantyne area of Charlotte is showing such solid sales.

Sep 02, 2015 02:39 AM

Lou Ludwig

Boca Raton, FL
Nina Hollander, Broker

Charlotte, NC

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Nina glad to see the towns & cities in your area are continuing the HOT Sellers market trend.

Sep 02, 2015 03:26 AM

Nina Hollander, Broker

Charlotte, NC

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Hi Nina - the sales in your area are staying steady. Looks like a sustainable market.

Sep 02, 2015 03:36 AM

Lou Ludwig

Boca Raton, FL
Nina Hollander, Broker

Charlotte, NC

Anna "Banana" Kruchten

HomeSmart Real Estate - Phoenix, AZ

602-380-4886

Nina the Ballantyne real estate market is a hot sellers market. Great reporting - I feel like I have the pulse of the market in your area.

Sep 02, 2015 03:38 AM

Lou Ludwig

Boca Raton, FL
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Anna Banana Kruchten ~ hi, Anna, and thanks. I try hard to keep it simple for the person who's not following real estat metrics daily.

Sep 02, 2015 07:53 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Grant Schneider ~ hi Grant, as we are into almost our third year of solid sales in Ballantyne there's always that question at the back of my mind as to how long it can last. But so far nothing to indicate a downturn.

Sep 02, 2015 07:54 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

George Souto ~ hi, George... so far our market is staying strong and steady and hopefully will continue to do so into the fall.

Sep 02, 2015 07:55 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Sybil Campbell ~ hi, Sybil... as this is one of my primary markets (and one I live in, as well) I can only be pleased with the news on Ballantyne housing trends.

Sep 02, 2015 07:56 AM

Larry Johnston

Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN

Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Nina Hollander , You always have a nice market report. Have a great week.

Sep 02, 2015 10:30 AM

Nina Hollander, Broker

Charlotte, NC
Lou Ludwig

Boca Raton, FL

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nna

The August 2015 real estate market update for the Ballantyne Area of Charlotte North Carolina shows a strong real estate market.

Good luck and success.

Lou Ludwig

Sep 02, 2015 11:43 AM

Nina Hollander, Broker

Charlotte, NC

Yolanda Cordova-Gilbert

Richmond, TX

Nina,

Good market report for the Ballantyne Area, I hear it is beautiful country I need to make it out there one of these days.

Sep 02, 2015 11:44 AM

Nina Hollander, Broker

Charlotte, NC

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning Nina. Continued growth, less days on the market and less inventory. Sounds like values will continue moving up.

Sep 02, 2015 05:39 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Joe Petrowsky ~ good morning to you, Joe. The fundamentals are certainly there in Ballantyne to keep the market moving up. Fingers crossed for no negative surprises.

Sep 02, 2015 08:16 PM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Yolanda Cordova-Gilbert ~ good morning, Yolanda... indeed it's very nice out here and Ballantyne is a very special place. I would hope if/when you come out that you will call me.

Sep 02, 2015 08:17 PM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Lou Ludwig ~ thanks, Lou... our market in Ballantyne remains strong. Every month I go looking for the numbers hoping not to get a nasty surprise and so far all is well.

Sep 02, 2015 08:18 PM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Larry Johnston ~ good morning, Larry! Thanks for the compliment. Being a bit of numbers "geek," myself, I try very hard not to overwhelm those who aren't.

Sep 02, 2015 08:19 PM

Conrad Allen

Re/Max Professional Associates - Webster, MA

Webster, Ma, Realtor

Hi Nina. Wow! That is a seller's market. How close are you to the highs of 2007?

Sep 02, 2015 09:09 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Conrad Allen ~ we had a ton of new contruction in 2006-2008, so newer homes haven't totally caught up as yet in some neighborhoods, but what's really changed is that back then we had plenty of inventory. Now we don't have inventory and everything is selling faster and we are seeing bidding wars which we didn't see back then.

Sep 02, 2015 09:12 PM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Hi Nina. Thanks for the market update for the Ballantyne Area of Charlotte.

Sep 02, 2015 09:26 PM