May 2015 Charlotte Housing Market Update - Ballantyne Area

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Welcom to BallantyneMay 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 3.8% to just over $320,000 as compared with  the  same period one year ago. 

 

Meanwhile, median days on market for property listings dropped to 22 days from 44 days just one year ago--a 50% improvement over the same period last year. Average days on market also dropped by 22% in May 2015. 

 

Average price per square foot also increased by 4.4% to $119/square foot in May 2015 versus the same period in 2014. Pending sales were up 12.3% in May versus the same period last year.

 

The median percent of original list price that sellers received for their homes was essentially flat compared with last year, but at 97.1%, it shows how little negotiating room there is in the 28277 zip code on Ballantyne area homes.

 

Clearly, Ballantyne area homes are selling, selling faster, selling for more money.

 

New listings increased neglibly by 1.3% versus May 2014. Nonetheless, every little bit helps as we are still in the height of our spring selling season. 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 and very competitive with many homes selling within a day or two of listing, often with multiple offers.

 

 

Ballantyne Area Local Market Update - May 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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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina with properties only staying on the market an average of 22 days, Buyers better not drag their feet, because they will miss out if they do.

Jun 06, 2015 06:17 AM #1
Rainmaker
2,551,147
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Very nice market report, I am sure that if anyone is looking to buy or sell in the Ballantyne area, it would be best for them to call Nina Hollander right away!

Jun 06, 2015 06:29 AM #2
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ you're not kidding here... and you have no idea how hard it is to convince some buyers you aren't doing a hard sell on them when encouraging them to make an offer sooner rather than later.

Jun 06, 2015 06:31 AM #3
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thanks, Brian England ~ appreciate the vote of support. Trust you are having a super weekend!

Jun 06, 2015 06:31 AM #4
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