What Happened In Charlotte's Ballantyne Housing Market ~ Sept 2015?

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

Welcom to BallantyneSeptember 2015 showed a continued solid performance for home sales in the Ballantyne area of Charlotte (28277 zip code) as the fall selling season kicked off. The average sale price of Ballantyne area homes increased by 4.4% to just over $330,000 as compared with  the  same period one year ago. 

 

Median days on market for property listings dropped to 19 days from 36 days just one year ago--a 47.2% improvement over the same period last year. Average days on market also dropped by 21.8% in September 2015. 

 

Average price per square foot also increased by 6.2% to $122/square foot in September 2015 versus the same period in 2014. Pending sales were up 12.5% in September versus the same period last year, while September's closed sales were up 3.6%.

 

The median percent of original list price that sellers received for their homes was essentially flat compared with last year, but at 97.2%, it shows how little negotiating room there is in the 28277 zip code for Ballantyne area homes.

 

Without doubt, Ballantyne area homes are selling, selling faster, and selling for more money.

 

New listings increased slightly by 3.6% versus September 2014 ~ good news to a market starved of available inventory. The Ballantyne area's months supply of homes stands at 2.5 months overall and at less than half that with just 1.1 months for foreclosure homes. It's 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 - September 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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ballantyne area housing market update september 2015

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Rainmaker
1,916,654
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good  morning Nina, always enjoy viewing stats and charts on other communities.  Tks for sharing

Oct 03, 2015 04:40 AM #1
Rainmaker
3,059,288
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ronald DiLalla ~ thanks, Ronald. Appreciate your stopping by and taking time to comment. Hope you're having a great weekend.

Oct 03, 2015 05:17 AM #2
Rainmaker
3,238,737
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

A very healthy list to sale average....and that is a good heads up for buyers as well !

Oct 03, 2015 06:37 PM #3
Rainmaker
3,059,288
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson ~ hi Sally and David, Charlotte has never been a big "negotiating" town, as we price our listings close to market value... but the list to save ratio is getting tighter as inventory stays low.

Oct 03, 2015 09:37 PM #4
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Rainmaker
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Nina Hollander

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