February 2015 Charlotte Housing Market Update - Ballantyne Area

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4zsM

February 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 2.2% to just under $315,000 as compared with  the  same period one year ago.  Meanwhile median days on market for property listings dropped to 30 days, a 31.8% improvement over the same period last year. Average price per square foot also increased by 3.4% to $120/square foot in February 2015 versus the same period in 2014.

 

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

 

New listings increased by 1.8% versus February 2014. While this is by no means a "flood" of new inventory, every little bit helps as we begin our spring selling season. 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 - February 2015

 

 

 

 

 

 

 

SEARCH ALL BALLANTYNE AREA HOMES FOR SALE

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

 

Previous Ballantyne Area Housing Market Updates:

 

 

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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
3,199,312
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Great information for buyers and sellers in your area.  Have a great day!

Mar 08, 2015 12:34 AM #1
Rainmaker
3,125,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thank you, Will Hamm ~ I must admit, I finish a serious of these at the start of each month and then it seems like it's time to do them all over again!

Mar 08, 2015 03:13 AM #2
Rainmaker
2,264,855
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. Some improvement in all the right places, especially values, they just continue to improve in your market.

Make it a great week!

Mar 08, 2015 07:54 PM #3
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Nina.  Great update for the Ballantyne Area of Charlotte. Nice to see the improving market.

Mar 08, 2015 08:34 PM #4
Rainmaker
3,125,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Joe Petrowsky ~ steady, incremental improvements are the best, for sure.

Mar 08, 2015 08:42 PM #5
Rainmaker
3,125,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ now, if we could only get a bit more inventory to match demand!

Mar 08, 2015 08:43 PM #6
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Rainmaker
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Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
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