What Happened In Charlotte's Ballantyne Housing Market In Dec 2015

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

Welcom to BallantyneDecember 2015 proved to be an very strong month for home sales in the Ballantyne area of Charlotte (28277 zip code) right through the holiday season. The average sale price of Ballantyne area homes increased by 7.3% to just under $335,000 as compared with  the  same period one year ago. 

 

Median days on market for property listings dropped to 14 days from 31 days just one year ago--a 45.2% improvement over the same period last year. Average days on market also dropped by 17.6% in December 2015. 

 

Average price per square foot increased by 5.9% to $126/square foot in December 2015 versus the same period in 2014. Pending sales were up 10.0% in December versus the same period last year, while December's closed sales were up 9.8%.

 

The median percent of original list price that sellers received for their homes was essentially flat compared with last year, but at 97.3%, showing how little negotiating room there is in the 28277 zip code for Ballantyne area homes.

 

Without doubt, Ballantyne area homes continue to  sell, sell faster, and sell for more money, despite reports from other parts of the country about a slowdown in home sales during December.

 

New listings decreased by 1.7% versus December 2014 ~ adding additional strain to a market starved of available inventory. The Ballantyne area's months supply of homes stands at 2.3 months overall and at half that with just 1.2 months for foreclosure homes. It's a true seller's market in the 28277 zip code and very competitive, with many homes selling within days of being listed for sale.

 

Ballantyne Area Local Market Update - December 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
2,517,553
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Sounds like a very good market and hopefully the trend will continue on into 2016!

Jan 03, 2016 10:01 PM #1
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

This Brian England guy is a tough act to follow.....he keeps stealing my comments this morning.  I guess that's what happens when I get a late start. 

Jan 03, 2016 10:31 PM #2
Ambassador
3,982,858
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

What a thriving market and you are a big part of that. Hope you have a great week, Nina.

Jan 04, 2016 12:48 AM #3
Rainmaker
3,057,771
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Debbie... thanks... hope you have a great week (and year) yourself! Here in Ballantyne we sure are not complaining (well, maybe just a little at the lack of inventory).

Debbie Reynolds 

Jan 04, 2016 12:51 AM #4
Rainmaker
3,057,771
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian... thanks for stopping by. I did pick up your voice mail message and will call you back. It's been a bit of an insane day at my end and on top of all the insanity my cell phone battery blew up... so I had to go out and track down a new battery for my Samsung and then wait for a charge for my phone! Nice way to start the new year? (Or maybe not.)

Jan 04, 2016 05:34 AM #5
Rainmaker
3,057,771
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roger D. Mucci ~ that's ok Roger... I think I got the message and just thank Brian England for doing some leg work for you!

Jan 04, 2016 05:35 AM #6
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Rainmaker
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Nina Hollander

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