This Month In Real Estate: Ballantyne, NC Housing Report: Nov. 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

Ballantyne (28277 Zip Code) November 2018 Housing Market Update/Video

 

Ballantyne (28277 zip code) housing market update and video for November 2018. November home sales in the Ballantyne area of Charlotte, North Carolina saw the same trends we’ve been seeing all year with home prices up. Inventory remained tight and new listings decreased during the month. Closed and pending sales up, but not significantly, due to limited affordable inventory and rising home prices and interest rates.

 

 

  • The average sale price of Ballantyne area homes increased by 10.9% to just over $385,000 as compared with the same period one year ago. Average sale price in November was also $10,000 higher than in October 2018.

  • Median sale price in November also increased 3% versus one year ago to $350,000.

  • Average days on market for property listings in Ballantyne were 42 days (up 11 days compared with one year ago).

  • Median days on market stood at 22 days in November 2018 up 6 days compared with one year ago. No doubt that with increasing home prices and interest rates houses are taking longer to sell than just a few months ago.

  • Average price per square foot increased by 2.8% to $145/square foot ($4 per square foot) in November 2018 versus the same period in 2017. 

  • Pending sales in Ballantyne were up 5.2% in November versus the same month last year.

  • Closed sales in Ballantyne were down 17.3% compared with the same month one year ago.

  • New listings in Ballantyne increased 4.3% versus November 2017 (equivalent to just four more homes on market.)

  • Months supply of inventory remained low at 2.3 months keeping Ballantyne a seller’s market. The months supply increased from 1.6 months one year ago… the highest level we’ve seen in three years.

  • The median percent of original list price that sellers received for their homes was 97.5%, showing relatively little negotiating room in the 28277 zip code for Ballantyne area homes.

 

 SEARCH ALL BALLANTYNE AREA HOMES 

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

 

This Charlotte, North Carolina real estate monthly update for Ballantyne is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage,  your Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts. 

If you're 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."

 

 

Previous Ballantyne Area Housing Market Updates:

 

Ballantyne Housing Market Update: October 2018

Ballantyne Housing Market Update: September 2018

Ballantyne Housing Market Update: August 2018

Ballantyne Housing Market Update: July 2018

Ballantyne Housing Market Update: June 2018

Ballantyne Housing Market Update: May 2018 

Ballantyne Housing Market Update: April 2018

Ballantyne Housing Market Update: March 2018

Ballantyne Housing Market Update: February 2018

Ballantyne Housing Market Update: January 2018

 

First published at: https://greathomesincharlotte.com/housing-market-reports-updates/ballantyne-28277-zip-code-housing-market-update-video-november-2018/ 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, CRS, 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 - 2018 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
4,309,869
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Dec 07, 2018 02:47 AM #3
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Chris B Johnson good morning, Chris! Thanks for the clever comment. Loved it!

Dec 07, 2018 03:38 AM #4
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm it's a weird market, Bob... prices generally keep going up, days on market are also increasing. But at the same time, inventory stays tight.

Dec 07, 2018 03:39 AM #5
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal good morning, Gita... thanks and thanks for stopping by, Happy Friday!

Dec 07, 2018 03:39 AM #6
Rainmaker
2,224,726
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Nina: Very good review of the Ballantyne real estate market and what it has to offer consumers. Youa re the agent buyers and sellers should be calling in this community.

Dec 07, 2018 04:30 AM #7
Rainmaker
4,956,364
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families moving to the area will appreciate your local market reports.

Dec 07, 2018 04:35 AM #8
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Anita Clark thanks, Anita... I've lived in Ballantyne since before most people knew much about the area and I love my community and love selling here.

Dec 07, 2018 05:15 AM #9
Rainmaker
2,998,823
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

I know what you mean about limited inventory Nina, but if any buyer is interested in the area, they need to call you for all the details!

Dec 07, 2018 05:34 AM #10
Rainmaker
2,226,456
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Tango and Trey believe that anyone wanting to keep up with what is going on in Ballantyne should definitely follow your blog!

Dec 07, 2018 06:15 AM #11
Rainmaker
3,824,714
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, at least your home values are not increasing like they were.  Same here, and nice to see the values slowing down.

Dec 07, 2018 06:43 AM #12
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... I will do my bes to keep Tango and Trey up-to-speed with events in Ballantyne, just I do you, Brian, with Indian Land!

Dec 07, 2018 06:44 AM #13
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... our home values rarely "spike" although they did in November. But for years now they've had a steady increase and I don't see that changing in the forseeable future.

Dec 07, 2018 06:45 AM #14
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila and Larry... there are times when I really worry about getting called by people who want to buy in Ballantyne but below average prices... it's very hard to find them something.

Dec 07, 2018 06:46 AM #15
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... thanks, as always, for popping by. Are you preparing for a snow storm? Charlotte seems to be in the path of some bad weather this weekend.

Dec 07, 2018 06:47 AM #16
Rainmaker
4,626,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for keeping us informed about the real estate market in Ballantyne, NC.

Dec 07, 2018 06:55 AM #17
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning to you Gabe Sanders and thanks for popping by! Trust you are looking forward to a nice weekend... we are waiting for snow and ice here.  

Dec 07, 2018 06:58 AM #18
Ambassador
1,683,842
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Loved listening to the music in the video version of your market report - as usual. Relaxing and fits my mood this morning. Reflective and focused. Happy Friday to you Nina. D

Dec 07, 2018 07:36 AM #19
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD thanks, Debb, for stopping by. Happy Friday and weekend to you both, as well!

Dec 07, 2018 08:39 AM #20
Rainmaker
1,144,012
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Nina,
The announcements from Honeywell and Lending Tree should keep the real estate market fueled well into the future. 

Dec 07, 2018 08:56 AM #21
Rainmaker
2,714,352
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Carol Williams for sure, Carol. Especially as the Ballantyne area is home to a lot of what is referred to as executive housing.

Dec 07, 2018 09:24 AM #22
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Rainmaker
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