What's My Ballantyne Home Worth? Home Sales Report For April 2020

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Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5ndx

 

Ballantyne (28277 Zip Code) Home Sales/Real Estate Report

April 2020

 

Latest news on the Ballantyne real estate market, the impact of corona virus restrictions and what it means for you...

 

Corona virus restrictions in the month of April kept Ballantyne a seller's market in April 2020. Months supply of inventory was sharply down (42.9%) compared with April 2019 to 1.2 months. Housing inventory was down 41.4% year-over-year, resulting in much lower days on market and higher home prices. Both closed and pending sales were down.

 

Average Ballantyne home sale prices increased 9.5% in April 2020 compared with the same month one year ago. Median home sale prices increased 9.8% in April. Home sellers received 98.9% of list price in final sale price (up 1.4% year-over-year). 

 

Ballantyne homes continue to sell quickly with Median Days on Market at just 5 days, down 10 days compared with one year ago and down month-over-month. Average Days on Market were 22 days, down 30 days year-over-year and also down 14 days month-over-month. Average Price Per Square Foot increased by $10/square foot to $162/square foot in April 2020 compared with one year ago.

 

Closed sales decreased 27.7%, while pending sales decreased 48.4% in April year-over-year in the Ballantyne area. Some of the decrease in lower pending sales can be attributed to low inventory and part to the impact from shelter-at-home orders which came into effect in the third week of March, prohibiting in-person home showings in Charlotte. Ballantyne home showings slowed down significantly to 789 showings in April 2020 compared with 3,280 showings in April 2019.

 

Ballantyne's months supply of homes remained razor-thin at 1.2 months (down from 2.1 months one year ago). This coupled with a 41.4% drop in housing inventory and a drop of 48.3% in new listings in April due to COVID-19 restrictions, kept Charlotte's Ballantye area/28277 zip code a seller's market.

 

 

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 APRIL 2020 

 

  

 Ballantyne Housing Market Highlights

April 2020 versus April 2019

 

Ballantyne (28277 Zip Code) Home Sales Snapshot for April 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 Realty,  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: March 2020

Ballantyne Housing Market Update: February 2020

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

 

 

  

Great Homes In Charlotte

 

 

 Read the original post at www.GreatHomesInCharlotte.com

 

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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 Realty
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 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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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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Tags:
ballantyne homes for sale
ballantyne area housing market update
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great homes in charlotte
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Rainmaker
1,815,267
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Can't wait until we are all released from this very special kind of hell on earth

May 09, 2020 11:08 AM #1
Rainmaker
4,808,614
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon Nina,

This is another of your excellent reports on the Ballantyne market.  And these conditions are coming to an end.  Happy retail therapy.  A

May 09, 2020 11:25 AM #2
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe hi Lise... I think that's a great way to put it... special kind of hell on earth! Happy weekend.

May 09, 2020 11:30 AM #3
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra, for the kind words. These conditions are coming to an end, but the real question is when. Happy Saturday to you.

May 09, 2020 11:35 AM #4
Rainmaker
4,808,614
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

We just keep all paws, fingers and toes crossed.  Every little change is welcome, and we begin with the first on the 15th.  We really have no reason to complain with work, etc...Just looking forward to the pall that many have.  A

May 09, 2020 12:49 PM #5
Rainmaker
3,397,014
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hi Nina,  How are you. You always come up with great information for people in your area.  Good Job!!

 

May 09, 2020 01:46 PM #6
Rainmaker
3,612,546
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - while inventory levels continue to be low for various reasons, prospective buyers looking in the Ballantyne area should take note that prices that are still strong in this  in-demand community.  

May 09, 2020 02:50 PM #7
Ambassador
3,245,482
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I must agree with Michael Jacobs wholeheartedly...

Happy Mother's Day tomorrow Nina Hollander 

Are the girls coming down?

May 09, 2020 09:57 PM #8
Rainmaker
5,759,594
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local real estate reports.

May 10, 2020 05:10 AM #9
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... I've often said that being in real estate for 26+ years taught me a level of patience I never thought I had. This corona virus isolation exercise has added another layer of patience I never thought myself capable of.

May 10, 2020 06:54 AM #10
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm good morning, Will. I'm fine... healthy so not complaining. All-in-all things could be a whole lot worse. Thanks for stopping by... hope you have a special Mother's Day planned for the women in your life.

May 10, 2020 06:55 AM #11
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi Michael... Econ 101 freshman year in college... supply and demand. I'm spending a lot of time explaining to people that as long as our supply is so very limited and demand isn't abating... home prices will continue to increase... pandemic or not.

May 10, 2020 06:57 AM #12
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS thank you, Paul. No visitors this Mother's Day... Carol has two of her grown kids at home in Colorado and Lisa is in St Louis finishing up grading a bazillion papers. But they did send me two dozen gorgeous roses the other day, which are now in my kitchen and bedroom and I get to think of them through out the day.

May 10, 2020 06:59 AM #13
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... as always, I appreciate your stopping by and taking time to leave me a comment.

May 10, 2020 09:31 AM #14
Rainmaker
4,312,011
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 post to show how the virus impacted sales in Ballantyne, and hopefully May will look much different!  

May 11, 2020 06:52 AM #15
Rainmaker
3,436,042
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... I'm not sanguine that May will look a whole lot different...hopefully somewhat better.

May 11, 2020 10:35 AM #16
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