December 2014 Charlotte Housing Market Update - Ballantyne Area

By
Real Estate Agent with Coldwell Banker Residential Brokerage

December 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 1.7% to just under $313,000, while days on market for property listings dropped to 50 days, a 21.9% improvement over the same period last year. Price per square foot also increased by 3.5% to $119/square foot during December versus the same period in 2013 (it also increased by $2/square foot verus the prior month of November 2014).

 

The median percent of original list price that sellers received for their homes was flat compared with last year, but at a 97.1 % figure, it shows how little negotiating room there is on Ballantyne area homes.

 

New listings did not increase in December versus the prior year. The Ballantyne area's months supply of homes remains under 3 months overall and at just 1.6 months for foreclosure homes--a true seller's market in the 28277 zip code.

 

Ballantyne Area Local Market Update - December 2014

 

 

 

 

 

 

 

 

 

 

 

 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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Tags:
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Rainmaker
1,675,376
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Nina Hollander , The days on market here has also dropped considerably, due to the lack of inventory.

Jan 18, 2015 05:28 AM #1
Rainmaker
3,100,124
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Larry Johnston -- nothing like low inventory to reduce the DOM and raise prices!

Jan 18, 2015 05:42 AM #2
Ambassador
3,804,679
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina you guys are in what I would call a strong Real Estate Market in Charlotte, hope it continues that way through 2015.

Jan 18, 2015 06:20 AM #3
Rainmaker
3,100,124
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi George Souto -- we are hoping for a good 2015 for sure! And even for a good 2016!

Jan 18, 2015 06:23 AM #4
Rainmaker
4,086,071
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Ballantyne sure looks like a great place to live, and nice to see the yearly increases in home value! 

Jan 18, 2015 10:04 AM #5
Rainmaker
3,247,867
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

The December 2014 Charlotte Housing Market update for the Ballantyne area, shows a healthy real estate market.

Good luck and success.

Lou Ludwig

Jan 18, 2015 10:58 AM #6
Ambassador
2,678,317
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

The real estate market in the Ballantyne area of Charlotte looks stronger and better.

Jan 18, 2015 02:25 PM #7
Rainmaker
2,257,495
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. So many good things going on in your market, I'm sure they will continue throughout 2015.

Make it a great week!

Jan 18, 2015 07:42 PM #8
Rainmaker
3,100,124
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

And good morning to you, Joe Petrowsky! Hope it's the start of a great new week! We are all staying positive for a good 2015 for real estate in Charlotte, so let's hope it happens!

Jan 18, 2015 08:00 PM #9
Rainmaker
3,100,124
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nestor & Katerina Gassett -- this part of south Charlotte is one of the top three destination places in the country. So we stay hopeful that the good trends continue.

Jan 18, 2015 08:01 PM #10
Rainmaker
3,100,124
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Lou Ludwig -- Charlotte market is healthy and employment numbers are good, so hopefully it will continue throughout 2015.

Jan 18, 2015 08:01 PM #11
Rainmaker
3,100,124
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox -- I've lived in Ballantyne since 2001 and I think it's a great place to live!

Jan 18, 2015 08:02 PM #12
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Rainmaker
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