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.
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MORE INFORMATION ABOUT THE BALLANTYNE HOUSING MARKET'S PERFORMANCE IN FEBRUARY 2020
Ballantyne Housing Market Highlights
February 2020 versus February 2019
MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA
12 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS
SEARCH ALL BALLANTYNE AREA HOMES
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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:
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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
First published at: https://greathomesincharlotte.com/housing-market-reports-updates/ballantyne-real-estate-february-2020/
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