Ballantyne (28277 Zip Code) Monthly Real Estate Report: February 2020

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Real Estate Agent with Coldwell Banker Realty

 

Ballantyne (28277 Zip Code) Real Estate Report/Snapshot

February 2020

 

Latest news on the Ballantyne real estate market and what it means for you...

 

Average Ballantyne home sale prices decreased 3.3% in February 2020 compared with the same month one year ago. Median home sale prices decreased 4.1% in February. Home sellers received 97.8% of list price in final sale price. The small decrease in average and median home prices is less reflective of a decrease in Ballantyne home values than of the price mix of homes sold in the month of February.

 

Ballantyne homes continue to sell quickly with Median Days on Market at 21 days, down 12 days compared with one year ago and down 15 days month-over-month. Average Days on Market were 43 days, down 17 days year-over-year and also down month-over-month. Average Price Per Square Foot increased 3.4% to $154/square foot in January 2020 compared with one year ago.

 

Closed sales decreased 16.3%, while pending sales increased 14% in February year-over-year in the Ballantyne area. 

 

Ballantyne's months supply of homes remained low at 0.8 months (down from 2.1 months one year ago). This coupled with a 55.5% drop in housing inventory and a drop of 1.6% in new listings in February, kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market and no doubt contributed to the drop in closed sales.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Ballantyne home?

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

 MORE INFORMATION ABOUT THE BALLANTYNE HOUSING MARKET'S PERFORMANCE IN FEBRUARY 2020 

 

  

 Ballantyne Housing Market Highlights

February 2020 versus February 2019

 

 Ballantyne (28277 Zip Code) Housing Market Update: February 2020



 

MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA

 

 

 

 

12 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS

 

Hot Ballantyne NC Neighborhoods

 

 

 SEARCH ALL BALLANTYNE AREA HOMES 

 

Search Ballantyne Homes For Sale

 

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home,”

 

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

 

What Is My Ballantyne Area Home Worth?

 

 

FREE Home Seller Guide: “Things To Consider When Selling Your House,”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

  

 

This Charlotte, North Carolina real estate monthly update for Ballantyne is provided 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. We've been opening doors for Ballantyne home buyers and sellers for 20+ years.

 

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

 "The Right Broker Makes All The Difference."

 

 

Previous Ballantyne Area Housing Market Updates:

 

Ballantyne Housing Market Update: January 2020

Ballantyne Housing Market Update: December 2019

Ballantyne Housing Market Update: November 2019

Ballantyne Housing Market Update: October 2019

Ballantyne Housing Market Update: September 2019

Ballantyne Housing Market Update: August 2019

Ballantyne Housing Market Update: July 2019

Ballantyne Housing Market Update: June 2019

Ballantyne Housing Market Update: May 2019

Ballantyne Housing Market Update: April 2019

Ballantyne Housing Market Update: March 2019

Ballantyne Housing Market Update: February 2019

 

 

  

Great Homes In Charlotte

 

 

 

First published at: https://greathomesincharlotte.com/housing-market-reports-updates/ballantyne-real-estate-february-2020/

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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
4,730,741
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Thank you for the comprehensive report on the Ballantyne market, I am sure that the residents and potential sellers will appreciate it.  A

Mar 12, 2020 11:10 AM #1
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra... I suppose I can only hope someone is appreciative!

Mar 12, 2020 11:12 AM #2
Rainmaker
2,083,783
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Nina Hollander - we will have to keep a watch on things in March.

Mar 12, 2020 11:20 AM #3
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... thus far, it's been pretty much business as usual in these parts.

Mar 12, 2020 11:22 AM #4
Rainmaker
3,547,377
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - as usual you take readers/prospective clients who are interested in making a move and  go a bit further than just the numbers.  That's true for this most recent report for Ballantyne real estate as it for other Charlotte area communities you ably represent. 

Mar 12, 2020 01:55 PM #5
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi MIchael... I think it's easy for those of us who regularly look at statistics like this to think everyone understands them and the meaning behind them. But the public needs help interpreting what those trends mean for them.

Mar 12, 2020 02:12 PM #6
Rainmaker
1,334,859
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander,  

Ballantyne continues to be a hot market and those interested in buying or selling need to get with YOU!

Mar 12, 2020 03:32 PM #7
Rainer
560,197
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update Nina, all the best to you as you get many of these properties listed and sold.

Sally

 

Mar 13, 2020 02:35 AM #8
Rainmaker
2,678,133
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Ballantyne home buyers and sellers are certain to value your real estate market report, Nina.

Mar 13, 2020 05:18 AM #9
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... I moved to Ballantyne in 2001... it's been a hot market in all the years since.

Mar 13, 2020 05:19 AM #10
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane good morning, Sally... thanks as always for taking time to stop by and leave a comment. Wishing you a lovely weekend ahead.

Mar 13, 2020 05:19 AM #11
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... great to see you this Friday morning. Thanks for popping by.... and wishing you a great Friday the 13th!

Mar 13, 2020 05:21 AM #12
Rainmaker
4,262,921
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Ballantyne, and slim inventory has certainly not changed.   We too are seeing more going pending in a 7 day period than new listings.   This has been our trend for a couple of months now.

Mar 13, 2020 05:59 AM #13
Rainmaker
3,365,987
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... every area I follow has had fewer months of inventory in February than in January and again in December... well, you get the picture. It will be interesting to see March and April numbers as we enter the spring selling season.

Mar 13, 2020 06:08 AM #14
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Rainmaker
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Nina Hollander

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