Home > Blogs > Nina Hollander, Broker > Real Estate News You Can Use From The Greater Charlotte Area

January 2015 Charlotte Housing Market Update - Ballantyne Area

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

February 08, 2015 12:16 AM

January 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code). The average sale price of Ballantyne area homes increased by .6% to just under $313,000 as compared with the same period one year ago. Meanwhile median days on market for property listings dropped to 31 days, a 31.1% improvement over the same period last year. Price per square foot also increased by 4.2% January 2015 versus the same period in 2014.

The median percent of original list price that sellers received for their homes was flat compared with last year, but at a 97% figure, it shows how little negotiating room there is in the 28277 zip code on Ballantyne area homes.

New listings decreased by .7% verus January 2014. The Ballantyne area's months supply of homes remains under 3 months overall and at just 1.5 months for foreclosure homes--a true seller's market in the 28277 zip code and very competitive.

Ballantyne Area Local Market Update - January 2015

SEARCH ALL BALLANTYNE AREA HOMES FOR SALE

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

Previous Ballantyne Area Housing Market Updates:

Re-Blog

Comments(8)

Comment

Show All Comments

Sort:

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Hello Nina and thanks for sharing your report with us here in the rain. I always like to see how other areas are doing.

Feb 08, 2015 12:28 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Thanks, Will Hamm ... I'm always also keeping an eye on other parts of the country when people report.

Feb 08, 2015 12:30 AM

Patrick White

Home Driven Realty, Inc - Baldwin, NY

Driven to bring New Yorkers home

Good Afternoon Nina

Thanks for the cery positive Charlotte market report. Have a great week.

Feb 08, 2015 01:41 AM

Good morning, Patrick White -- thanks for stopping by. How is that with all the points you have, this is the first time I've come across you in the Rain?

Feb 08, 2015 07:43 PM

Maria Gilda Racelis

Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT

Home Ownership is w/in Reach. We Make it Happen!

Good Morning Nina: What is impressive about your market is the increase in the average sale price and the number of days on the market. Sellers love this landscape. And the buyers, on the other hand, have lost their leverage.

Great report at a glance as well.

Feb 08, 2015 08:46 PM

Roy Kelley

Retired - Gaithersburg, MD

Home buyers and home sellers will benefit from your comprehensive knowledge of the local real estate market.

Feb 08, 2015 08:58 PM

Thanks, Roy Kelly -- that's always the hope, in any case that home buyers and sellers see this aspect of my expertise.

Feb 08, 2015 09:00 PM

Thanks, Maria Gilda Racelis -- statistics can be so dry, so I try to present the information in a way that a quick glance can tell the story.

Feb 08, 2015 09:01 PM

January 2015 Charlotte Housing Market Update - Ballantyne Area

Comments(8)

Nina Hollander, Broker

Service Areas

Real Estate Resources

Popular Posts

Additional Information