Ballantyne (28277 Zip Code) Housing Market Update: January 2021

By
Real Estate Agent with Coldwell Banker Realty

 

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

 

Ballantyne remained a seller's market in January 2021 resulting from the continued lack of inventory. Months supply of inventory was down (-54.5%) compared with January 2020 to 0.5 months of housing supply. The 60.5% drop in housing inventory resulted in considerably lower days on market, an increase in closed sales.

 

Average Ballantyne home sale prices increased 20.1% to $423,598 in January 2021 compared with the same month one year ago. Median home sale prices increased 13.9% to $362,000 in January 2021. Home sellers received a median 100% of list price in final sale price (up 3.4% year-over-year). 

 

Ballantyne homes sold quicker than ever with Median Days on Market at just 5 days, down 30 days compared with one year ago. Average Days on Market were 17 days, down 29 days year-over-year. Average Price Per Square Foot increased to $168/square foot in January 2021, up $11/square foot versus one year ago.

 

Closed sales increased 12.7%, while pending sales decreased 3.7% in January year-over-year in the Ballantyne area. Historically low interest rates generated immense buyer demand. The drop in pending sales is not reflective of a lack of demand for Ballantyne area homes. It's reflective of the lack of inventory. New listings decreased 14% year-over-year.

 

Ballantyne's months supply of homes remained razor-thin at 0.5 months (down from 1.1 months one year ago). This coupled with a 60.5% drop in housing inventory in January, kept Charlotte's Ballantyne area/28277 zip code a home 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  

 

 

 

 Ballantyne Housing Market Highlights

January 2021 versus January 2020

 

  Ballantyne (28277 Zip Code) Housing Market Update: January 2021

 

 

MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA

 

   

 

12 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS

 

  Hot Ballantyne Neighborhoods    

 

 

 SEARCH ALL BALLANTYNE AREA HOMES 

 

 

 

 

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

 

 

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

What's My 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 Greater Charlotte 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 Greater Charlotte  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."

 

 

 

Read the original article 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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Ambassador
2,700,244
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

With a 2 week inventory there can't be much of a report to the Ballantyne housing market other than buyers be ready

Feb 09, 2021 05:15 AM #5
Rainmaker
1,948,337
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for sharing the market data with us in Ballantyne.  Listings are as rare as a hen's teeth as my mother used to say!

Feb 09, 2021 05:38 AM #6
Rainmaker
4,602,695
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, your market updates for Charlotte and surrounding cities are always first-class, and still no inventory.

Feb 09, 2021 06:04 AM #7
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ed Silva hi Ed... that's exactly what I said when I posted this update in my social media... buyers be ready to move.

Feb 09, 2021 06:10 AM #8
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe hi Lise... this lack of inventory is really amazing, don't you think? I'm sure most of us have never seen anything like this.

Feb 09, 2021 06:10 AM #9
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan... and from where I'm sitting, I'm not expecting an inventory surge in February either. Of course, I shouldn't even be speaking in terms of surges... we haven't had one in more years than I can count!

Feb 09, 2021 06:11 AM #10
Rainmaker
2,390,338
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nina Hollander - you do comprehensive market reports.  I am sure you will be on the call today when Jeff Dowler, CRS talks about it.

Feb 09, 2021 06:19 AM #11
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider good morning, Grant... barring anything disastrous happening I will be on that call... need to see if there are any good ideas I can appropriate! "See" you later!

Feb 09, 2021 06:21 AM #12
Rainmaker
276,772
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina Hollander You are defnitely the one to call. Perhaps you are the Ballantyne Valentine

Feb 09, 2021 07:52 AM #13
Rainmaker
5,221,777
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another comprehensive report on the Ballantyne area.  I sure wish for you and everyone else who has limited inventory more sellers.  Happy Tuesday!  A

Feb 09, 2021 07:56 AM #14
Rainmaker
3,703,522
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and great information for buyer and sellers to share with them and us here in the rain.

 

Feb 09, 2021 08:47 AM #15
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rocky Dickerson hi Rocky -- Ballantyne Valentine -- now that's a good one... wish I'd thought of it! Or should it be Ballantyne Vallantyne?

Feb 09, 2021 08:55 AM #16
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel thanks, Alexandra... I'm not seeing anything in the cards (or tea leaves) right now that shows we'll be seeing a whole lot more inventory soon.

Feb 09, 2021 08:56 AM #17
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm thanks, Will, for stopping by today. Wishing you a terrific Tuesday and good rest of the week.

Feb 09, 2021 08:57 AM #18
Ambassador
3,547,927
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for keeping us abreast to the Ballantyne housing market, especially the ZIP code 28277 Nina Hollander 

Feb 09, 2021 10:18 AM #19
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... the 28277 zip code is one of my favorites... of course, I've lived in it since 2001! :)

Feb 09, 2021 12:08 PM #20
Rainmaker
2,920,031
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Feb 09, 2021 07:57 PM #21
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning, Myrl... great to see you today and trust you've been having a good week!

Feb 10, 2021 03:56 AM #22
Rainmaker
3,259,536
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Ballantyne is where the cool people live, well, I know of at least one very cool person that lives there, haha.

Feb 10, 2021 04:37 AM #23
Rainmaker
3,769,135
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England good morning, Brian... cool people really do live in Ballantyne! Happy Wednesday to you!

Feb 10, 2021 05:10 AM #24
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