Ballantyne (28277 Zip Code) Real Estate Report/Snapshot
March 2020
Latest news on the Ballantyne real estate market and what it means for you...
Average Ballantyne home sale prices increased 5.2% in March 2020 compared with the same month one year ago. Median home sale prices increased 2.6% in March. Home sellers received 98.8% of list price in final sale price (up 1.5% year-over-year).
Ballantyne homes continue to sell quickly with Median Days on Market at 8 days, down 17 days compared with one year ago and down 13 days month-over-month. Average Days on Market were 36 days, down 51 days year-over-year and also down 7 days month-over-month. Average Price Per Square Foot increased 8% to $162/square foot in March 2020 compared with one year ago.
Closed sales increased 6.1%, while pending sales decreased 21.4% in March year-over-year in the Ballantyne area. Some of the decrease in lower pending sales can be attributed to low inventory and part, possibly, to the first glimmers of impact from shelter-at-home orders which came into effect in the third week of March.
Ballantyne's months supply of homes remained razor thin at 1.1 months (down from 2.2 months one year ago). This coupled with a 46.1% drop in housing inventory and a drop of 13.3% in new listings in March, kept Charlotte's Ballantye area/28277 zip code a seller's market.
Want to know what this would mean for your family if you decide to buy or sell a Ballantyne home?
We can help.
Call us today at 704-779-0813 or contact us here.
There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE.
MORE INFORMATION ABOUT THE BALLANTYNE HOUSING MARKET'S PERFORMANCE IN MARCH 2020
Ballantyne Housing Market Highlights
March 2020 versus March 2019
MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA
12 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS
SEARCH ALL BALLANTYNE AREA HOMES
FREE Home Buyer Guide: “Things To Consider When Buying A Home,”
WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?
FREE Home Seller Guide: “Things To Consider When Selling Your House,”
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
This Charlotte, North Carolina real estate monthly update for Ballantyne is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty, your Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts. We've been opening doors for Ballantyne home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:
"The Right Broker Makes All The Difference."
Previous Ballantyne Area Housing Market Updates:
Ballantyne Housing Market Update: February 2020
Ballantyne Housing Market Update: January 2020
Ballantyne Housing Market Update: December 2019
Ballantyne Housing Market Update: November 2019
Ballantyne Housing Market Update: October 2019
Ballantyne Housing Market Update: September 2019
Ballantyne Housing Market Update: August 2019
Ballantyne Housing Market Update: July 2019
Ballantyne Housing Market Update: June 2019
Ballantyne Housing Market Update: May 2019
Ballantyne Housing Market Update: April 2019
Ballantyne Housing Market Update: March 2019
Read the original post at www.GreatHomesInCharlotte.com
Comments(12)