Why Buy A Home In Ballantyne, NC?

By
Real Estate Agent with Coldwell Banker Realty

Compare: Charlotte vs Ballantyne Home Values

 

Charlotte vs Ballantyne East
 
Zillow Home Value Index $125,900 vs $293,400
   
1-Year Change -1.9% vs +3.3%
   
Median List Price $164,900 vs $300,000
   
Median Sale Price $164,000 vs $385,400
   
For Sale Listings on Zillow 7553 homes vs 117 homes
   
Total Homes Sold in Apr 802 homes vs 13 homes
   


Charlotte, NC tends to be less expensive for home buyers than Ballantyne East, Charlotte. During the last year, Charlotte home values have fallen by 1.9%, while Ballantyne East prices have risen by 3.3%. The median sale price in Charlotte is $164,000, but the median listing price was $164,900, a 0.5% discount. Meanwhile in Ballantyne East, the median selling price is $385,400, and the starting price had a median of $300,000, a 28.5% increase. There are currently 7553 homes for sale in Charlotte and 117 for sale in Ballantyne East. In April, Charlotte home sellers managed to move 802 houses, while Ballantyne East saw 13 transactions.

 

Demographics

Charlotte vs Ballantyne East 
 
Median Household Income $46,975 vs $94,215
 
Median Age 34 vs 32
 
Homes with Kids 28.2% vs 38.3%
 
Average Household Size 2.5 vs 2.6
 
Average Commute Time (Minutes) 26 vs 29
 

 

At $94,215, the median income in Ballantyne East is $47,240 more than in Charlotte, and $49,703 higher than the national average. Charlotte has an older median age, at 34, compared to 32 in Ballantyne East, and a shorter average commute. The average commute in Ballantyne East is 29 minutes and the average commute in Charlotte is 26 minutes.
 
 
 
 
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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

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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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Nina Hollander

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