June 2015 ~ Charlotte Housing Market Update: Ballantyne Area

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Welcom to BallantyneJune 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 3.7% to just under $325,000 as compared with  the  same period one year ago. 

 

Meanwhile, median days on market for property listings dropped to 20 days from 43 days just one year ago--a 53.5% improvement over the same period last year. Average days on market also dropped by 25% in June 2015. 

 

Average price per square foot also increased by 3.4% to $122/square foot in June 2015 versus the same period in 2014. Pending sales were up 13.7% in June versus the same period last year, while June's closed sales were up 6.7%.

 

The median percent of original list price that sellers received for their homes was essentially flat compared with last year, but at 96.3%, 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 1.6% versus June 2014. Nonetheless, every little bit helps as we are still in our spring selling season. The Ballantyne area's months supply of homes remains under 3 months overall and at just 1.8 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 - June 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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Rainmaker
1,928,587
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Nina, always enjoy viewing stats and charts on other locations.  tks for sharing

Jul 05, 2015 06:04 AM #1
Rainmaker
3,097,103
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Thanks, Ronald DeLalla ~ I like checking out the statistics for other parts of the country as well.

Jul 05, 2015 06:07 AM #2
Rainmaker
4,083,888
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, sure looks like Ballantyne is experiencing a very solid real estate market, and just shows you are the expert in the area!

Jul 05, 2015 07:55 AM #3
Rainmaker
3,097,103
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ hi, Joan. Hope you've been having a nice holiday weekend. Ballantyne continues to roll along sure and steady. Hopefully this will continue for at least the rest of this year.

Jul 05, 2015 08:29 AM #4
Rainmaker
2,257,053
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. Solid numbers for sure. Hope these positive trends continue, you sure do know your market very well.

Make it a great week!

Jul 05, 2015 06:04 PM #5
Rainmaker
3,097,103
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joe Petrowsky ~ thanks, Joe, for checking in. We are happy with our housing market right now and hope the trend continues. Have a great week, yourself!

Jul 05, 2015 08:41 PM #6
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Nina.  Thanks for the update for the real estate market in the Ballantyne Area of Charlotte.

Jul 05, 2015 08:54 PM #7
Rainmaker
3,097,103
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ good moring, Gabe, and thanks for stopping by and taking the time to read and comment.

Jul 05, 2015 09:31 PM #8
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Rainmaker
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Nina Hollander

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