What Happened In Ballantyne's Housing Market In Charlotte,NC~Nov 2016

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

Welcom to BallantyneNovember 2016 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) continued the positive trends of the year-to-date with sale prices increasing and inventory and days on market decreasing. 

 

The average sale price of Ballantyne area homes increased by 4.3% to just under $347,000 as compared with the same period one year ago. 

 

Average days on market for property listings dropped to 32 days from 43 days just one year ago--a 25.6% improvement over the same period last year. Median days on market also dropped by 33.3% to 12 days in November 2016. 

 

Average price per square foot increased by 5.6% to $133/square foot in November 2016 versus the same period in 2015. Pending sales were up 1.2% in November versus the same month last year, while November closed sales  were up a scant 0.3%. The lack of inventory (new listings were up slightly at 2.3% in November) has definitely impacted contracts and closed sales.

 

Two interesting statistics now available to us about the Ballantyne market are about the number of showings per listing and the number of showings until pending contract per listing. During November 2016, listed homes averaged 10 showings (up 9.9% versus November 2015) and 17 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 under contract.

 

The median percent of original list price that sellers received for their homes was up 0.5% compared with last year at 97.8%, showing how little negotiating room there is in the 28277 zip code for Ballantyne area homes.

 

New listings increased marginally by 2.3% versus November 2015 ~ barely relieving the strain to a high demand market starved of available inventory. The Ballantyne area's months supply of homes remains at below two months at 1.9 months (down 20.8% versus November 2015). 

 

Without doubt, it continues to be a true seller's market in the 28277 zip code and very competitive, with many homes selling within days of being listed for sale.

 

The strong housing market we saw in Ballantyne area through the first three quarters of  2016 has continued into the fourth quarter, as Ballantyne area homes continued to sell, sell faster, and sell for more money. 

 

Ballantyne Area Local Market Update - November 2016

 

 

 

 

 

 

 

 

 

SEARCH ALL BALLANYNE AREA HOMES FOR SALE

 

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

  

Previous Ballantyne Area Housing Market Updates:

 

This Charlotte, North Carolina real estate monthly update for Ballantyne is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants. 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
4,146,532
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for the information and update for the Ballantyne area of Charlotte, North Carolina.

Dec 05, 2016 04:32 AM #1
Rainmaker
3,911,083
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone thinking of buying or selling a home in Ballantyne should call you to be their agent. You know your market well.

Dec 05, 2016 04:32 AM #2
Ambassador
1,611,279
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Thanks for sharing your local real estate market reports with us today.

Dec 05, 2016 04:36 AM #3
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders Gita Bantwal Harry F. D'Elia  thank you all for stopping by early on Monday morning and taking the time to comment.

Dec 05, 2016 04:40 AM #4
Rainmaker
2,779,454
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Seems like a healthy report Nina. Consumers will find this very informative...

Dec 05, 2016 04:49 AM #5
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c) ~ good morning, Sheila and Larry... consumers need to start understanding that we've had an inventory shortage in Ballantyne for three years now. So many still don't want to believe that.

Dec 05, 2016 04:58 AM #6
Rainmaker
2,560,706
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Nina. Supply low, demand high. Success for a buyer requires your expertise! Enjoy your day!

Dec 05, 2016 05:13 AM #7
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning, Wayne... that a good pair of running shoes to get to those houses before anyone else does! 

Dec 05, 2016 05:17 AM #8
Rainmaker
1,414,160
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Nina Hollander This report is exhibiting stability in inventory and an ever- increasing level of buyer demand. Good for you!

Dec 05, 2016 05:28 AM #9
Rainmaker
1,443,122
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

this is always helpful information for anyone who wants to buy or sell a home in Ballantyne.  Everyone should call Nina Hollander to find a wonderful Charlotte Realtor! 

Dec 05, 2016 05:51 AM #10
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe ~ good morning, Lisa, and thank you for that "atta girl." Made my day!

Dec 05, 2016 06:11 AM #11
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 ~ good morning, Sandy and Norm... you made it sound like I single-handedly made the market so good. Would that I could have! 

Dec 05, 2016 06:11 AM #12
Rainmaker
2,518,569
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander,  Always interest in what is happening in your area.  Hope you close the end of the year out good.

 

Dec 05, 2016 08:23 AM #13
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ hi Will... thanks for stopping by and the good wishes. Back at you for a good year end.

Dec 05, 2016 08:31 AM #14
Rainmaker
1,213,250
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Nina Hollander ~ such great information for buyers and sellers in and around Ballantyne Charlotte, NC. I hope all potential buyers and sellers pick up the phone and call you. They deserve the best professional representation and you provide the best professional real estate service

Dec 05, 2016 09:48 AM #15
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jon Kolsky ~ geez, Jon, you're making me blush from 3,000 miles away! Hope you're having a good day!

Dec 05, 2016 10:02 AM #16
Rainmaker
1,289,353
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Nina, excellent information on the Ballantyne market. Sure looks like now would be a great time to list and when potential sellers are ready to learn more you are the agent to contact. You know your market!

Dec 05, 2016 10:53 AM #17
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson ~ thanks, Amanda... it is a great time to list, but sellers seem to be holding back because they are afraid they won't find the right "next" home quickly.

Dec 05, 2016 11:25 AM #18
Rainmaker
4,499,474
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will certainly appreciate your local real estate market reports.

Dec 05, 2016 04:36 PM #19
Rainmaker
2,303,403
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Appreciate your stopping by. Have a super day today! It's raining here, so not so nice.

Dec 06, 2016 03:39 AM #20
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