November 2014 Charlotte Housing Market Update - Ballantyne Area

By
Real Estate Agent with Coldwell Banker Residential Brokerage

November 2014 showed a solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code). The average sale price of Ballantyne area homes increased by 3.9% to just under $315,000, while days on market for property listings dropped to 52 days, a 24+% improvement over the same period last year. Price per square foot also increased by 4.5% to $117/square foot during November versus the same period in 2013.

 

The average percent of original list price that sellers received for their homes was flat compared with last year, but at a 96.5% figure, it shows how little negotiating room there is on Ballantyne area homes.

 

New listings dropped slightly by 1.5% in November 2014 and the lack of inventory may just explain the 4.5% drop in closed sales and the drop in pending sales of 6.9% during November. The Ballantyne area's months supply of homes is under 3 months--a true seller's market in the 28277 zip code.

 

Ballantyne Area Local Market Update - November 2014

 

Ballantyne Area November 2014 Average Sale Price

November 2014 Average Days On Market Ballantyne Homes

November 2014 % Of Original List Price Received Ballantyne Homes

November 2014 Months Supply Of Homes For Sale Ballantyne

November 2014 New Home Listings in Ballantyne

 

SEARCH ALL BALLANTYNE AREA HOMES FOR SALE

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
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 

2007 - 2019 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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Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
Tags:
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Rainmaker
3,202,452
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Thanks for the information for your area, the more we learn about other areas help us in our area.

Dec 12, 2014 09:19 AM #1
Ambassador
3,820,966
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina the Charlotte looks really strong.  Hope you guys start to get more inventory to keep this momentum going.

Dec 12, 2014 10:42 AM #2
Rainmaker
1,675,413
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Nina Hollander ,  It's nice to see the positive market figures in the Charlotte area.

Dec 12, 2014 12:32 PM #3
Rainmaker
3,130,683
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Larry Johnston... we'eve been seeing positive trends for going on two years now--hopefully it will continue!

Dec 12, 2014 07:34 PM #4
Rainmaker
3,130,683
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto... that pesky inventory! But it's been low for almost two years now and I don't see much of change coming for a while.

Dec 12, 2014 07:35 PM #5
Rainmaker
3,130,683
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm... you are so right. I work with lots of relocating buyers from all over the country and it helps me to understand their expectations which are often based on their current local realities and not on what the Charlotte reality is!

Dec 12, 2014 07:36 PM #6
Rainmaker
1,570,174
David Saks
(retired) - Memphis, TN

Another very nice post and great info. Have a great day ahead.

Dec 13, 2014 03:57 AM #7
Rainmaker
3,130,683
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thanks, David Saks. Trust you had a great day today as well!

Dec 13, 2014 05:43 AM #8
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Rainmaker
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