Ballantyne, NC (28277 Zip Code) Housing Market Update/Video-April 2018

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

April 2018 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) saw the same trends we saw throughout the first quarter of the year -- home prices up, inventory tightening, pending and closed sales struggling or diminishing to hold on due to the lack of inventory.

 

 

 

The average sale price of Ballantyne area homes increased by 3.6% to just under $368,000 as compared with the same period one year ago. (Median sale price in April 2018 was also up 8.1% versus one year ago.)

 

Average days on market for property listings decreased 3.1% to 31 days versus one year ago. Median days on market, however, dropped by 10.0% to 9 days in April 2018.  

 

Average price per square foot increased by 5.1% to $143/square foot in April 2018 versus the same period in 2017. Pending sales were down 5.3% in April versus the same month last year. April 2018 closed sales  were down 7.0%. It's not unreasonable to assume that both pending and closed sales would have been higher if there had been more inventory, which was down 2.0% in April 2018 versus the prior year. 

 

The number of showings per listing and the number of showings until pending contract per listing also dropped. During April 2018, listed homes averaged 9.6 showings (down 8.6% versus April 2017) and 21 showings until pending contract (down 8.7% versus the same time period one year ago). Given the tight inventory of available homes for sale, it's not surprising that listed homes get less "foot traffic" prior to going under contract, while showings until pending contracts decrease as homes sell more quickly.

 

The median percent of original list price that sellers received for their homes was up 0.1% compared with last year at 98.3%, showing little negotiating room in the 28277 zip code for Ballantyne area homes.

 

New listings decreased 3.1% versus April 2017, contributing to the strain of a high demand market starved of available inventory. The Ballantyne area's months supply of homes remains at below two months at 1.9 months.

 

Without doubt, Ballantyne's housing market in 2018 continues as the prior year ended... as a seller's market in the 28277 zip code and very competitive, with many homes selling within days of being listed for sale. 

 

The strong housing market we've seen in the Ballantyne area throughout 2016 and 2017 seems intent on continuing in 2018, as Ballantyne area homes continue to sell, sell faster, and sell for more money. 

 

  

 

 SEARCH ALL BALLANTYNE AREA HOMES 

 

free home listing alerts from greathomesincharlotte.com

 

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

 

Instant Home Value From Nina Hollander, RE/MAX Broker

 

Previous Ballantyne Area Housing Market Updates:

 

Ballantyne Housing Market Update: March 2018

Ballantyne Housing Market Update: February 2018

Ballantyne Housing Market Update: January 2018

Ballantyne Housing Market Update: December 2017

Ballantyne Housing Market Update: November 2017 

Ballantyne Housing Market Update: October 2017

Ballantyne Housing Market Update: September 2017

Ballantyne Housing Market Update: August 2017

Ballantyne Housting Market Update: July 2017

Ballantyne Housing Market Update: June 2017

Ballantyne Housing Market Update: May 2017 

Ballantyne Housing Market Update: April 2017 

 

 

    

This Charlotte, North Carolina real estate monthly update for Ballantyne is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive your Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts.

 

If you are considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 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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Market Reports
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2017 Market Trend Reports
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Tags:
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homes for sale in 28277 zip code
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ballantyne nc housing market update and video
ballantyne nc housing market update and video april 2018

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Rainmaker
1,467,887
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for the market update. I love seeing what is going on in your part of the world  Have a great weekend Nina! 

May 04, 2018 05:50 AM #3
Rainmaker
2,617,896
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I love how you add the video Nina Hollander to your market report. Have a good Friday

May 04, 2018 05:51 AM #4
Rainmaker
851,149
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - Those interested in the Ballantyne market will appreciate the concise video update. Like the customization.  

May 04, 2018 05:53 AM #5
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe ~ good morning, Lise... it's the same old, same old in my neck of the woods... thinventory!

May 04, 2018 05:55 AM #6
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ thanks, Sheri... appreciate your popping by. The video is a quick way to get all the information one needs in about a minute and a half.

May 04, 2018 05:55 AM #7
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Scott Godzyk ~ hi Scott... "they" keeps saying it's all about video... so just trying to keep up with the times!

May 04, 2018 05:56 AM #8
Rainmaker
1,366,982
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

May 04, 2018 06:33 AM #9
Rainmaker
4,560,852
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

May 04, 2018 07:12 AM #10
Ambassador
1,555,946
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I can't imagine how the prices can keep eeking up and up each year?  Glad you recognize the importance of using video - good for you. D 

May 04, 2018 07:23 AM #11
Rainmaker
3,690,999
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

And so it goes with "thinventory" in so many places.  I think your inclusion of the video helps those who don't want to take the time to read.  Wishing you a great weekend.  A

May 04, 2018 07:33 AM #12
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ hi Alexandra... the thinventory is killing us... and each time a buyer says to me they want to stay under $350K, it's like a punch in the gut!

May 04, 2018 08:11 AM #13
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD ~ I'm with on the pricing issue, Debb. Actually, I've used videos previously, it's just that they were at the bottom of my posts... I moved them up.

May 04, 2018 08:12 AM #14
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Trust you are looking forward to a nice weekend up in Maryland. It's lovely here now, but the pollen is killing me.

May 04, 2018 08:13 AM #15
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeremy K. Frost ~ thanks, Jeremy, for stopping by and taking time to leave a comment. Wishing you a lovely weekend.

May 04, 2018 08:13 AM #16
Rainmaker
1,982,525
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Good morning, Nina: I see the importance of explaining why pending and closed sales numbers have dropped in Ballantyne. That's it's not due to a falling market but to reduced inventory. Fewer homes for sale = fewer closings.

May 04, 2018 08:40 AM #17
Rainmaker
1,696,478
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - You knocked this one out of the park! Clearly, you're the expert in your area! Serious Buyers and Sellers need to know you are on your toes and produce up-to-date Marketing Reports and the news about what's going on in your area. 

May 04, 2018 08:56 AM #18
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ hi Elizabeth... as I keep telling clients... you can't sell what you don't have to sell. And until we get more inventory those prices will keep creeping up.

May 04, 2018 09:46 AM #19
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~ thanks, Patricia. So many considerations have to be taken into account in a market like the one we are experiencing.

May 04, 2018 09:46 AM #20
Rainmaker
1,930,389
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Anytime I want to know what is going on in Ballantyne, I know just whom to call.

May 04, 2018 10:39 AM #21
Rainmaker
2,355,422
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ and don't forget that Indian Land report is coming very, very soon. I know you can't wait!

May 04, 2018 10:52 AM #22
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