Ballantyne (28277 Zip Code) Housing Market Update: March 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 March 2021 due to the continued lack of inventory, which dropped over 66% year-over-year. Months supply of inventory was down (-64.3%) compared with March 2020 to 0.5 months of housing supply. The drop in housing inventory year-over-year resulted in considerably lower days on market, a decrease in closed sales, and much higher home prices.

 

Average Ballantyne home sale prices increased 14.5% to $472,328 in March 2021 compared with the same month one year ago.  Median home sale prices increased 14.9% to $415,123 in March 2021. Home sellers received a median 101.2% of list price in final sale price (up 2.4% year-over-year). 

 

Ballantyne homes continue to sell quickly with Median Days on Market at just 3 days, down 6 days compared with one year ago. Average Days on Market were 21 days, down 19 days year-over-year. Average Price Per Square Foot increased to $182/square foot in March 2021, up $20/square foot versus one year ago.

 

Closed sales decreased 11.7%, while pending sales increased 9.4% in March 2021 year-over-year in the Ballantyne area. Historically low interest rates continue to generate immense buyer demand. The drop in closed sales is not reflective of a lack of demand for Ballantyne area homes. It's reflective of the lack of inventory. New listings decreased 20.5% year-over-year.

 

Ballantyne's months supply of homes remained razor-thin at 0.5 months (down 64.3% from 1.4 months one year ago). This coupled with a 66.5% drop in housing inventory in March, 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.

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 Ballantyne Housing Market Highlights

March 2021 versus March 2020

 

Ballantyne/28277 Zip Code Home Sales Report March 2021

   

MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA

 

   

13 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 Charlotte's Ballantyne area 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."

 

 

Great Homes In Charlotte

 

 

Read the original post at www.GreatHomesInCharlotte.com 

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

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 The Greater Charlotte Area
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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.

 

Comments (24)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Tuesday morning, Nina.

Take care, be safe and have a great day.

Apr 27, 2021 07:33 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Happy to hear Ballantyne is a hot market, however, it looks like the inventory is once again, next to non-existent. A

Apr 27, 2021 07:49 AM
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 and Home Specialists

Who knows the Ballantyne Real Estate market better than Nina Hollander? No one...Call her today to get started on your home search or home sale!

Apr 27, 2021 08:02 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and thanks for you market report on Ballantyne that you share with us here in the Rain.  

Apr 27, 2021 10:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... yes and no... our average days are still 24 days... so if a home is still on the market after a week it's not necessarily out of line with the averages.

Apr 27, 2021 12:08 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Rocky... thanks for stopping by and nice to have seen you on our zoom call earlier today.

Apr 27, 2021 12:09 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Roy... thanks for popping by today. My day has sped by with the speed of lightening so far. Trust you've had a good one.

Apr 27, 2021 12:09 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Alexandra... I keep saying that inventory is on life support these days. And it doesn't matter the price point.

Apr 27, 2021 12:11 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Sheila... having lived in Ballantyne for 20 years and having moved here before the area had one single traffic light, I like to think not many know the area better than I do.

Apr 27, 2021 12:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Will... as always thanks for stopping by and taking time to leave me a comment.

Apr 27, 2021 12:32 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Nobody could argue that Ballantyne, is still in a seller's market. As long as inventory remains low, this should persist Nina...

Apr 27, 2021 04:44 PM
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.

Apr 27, 2021 09:38 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina can you tell me what part of your world does not have a hot market?:) Oh boy every market report I read from you Real Estate is on fire, Endre

Apr 27, 2021 11:40 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Paul... I keep thinking about what would increase inventory and right now nothing comes to mind.

Apr 28, 2021 05:18 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks for stopping by, Myrl... wishing you a wonderful Wednesday ahead.

Apr 28, 2021 05:19 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Endre... right now it seems it doesn't matter where a house is in our area... if it comes on the market it sells.

Apr 28, 2021 05:19 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, the shortage of homes for sale in getting to be a broken record.....

Apr 28, 2021 06:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joan... you're so right... the lack of inventory is also a great source of frustration for buyers.

Apr 28, 2021 09:33 AM
Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Specialist

Hi Nina, nice recap of the market in Ballantyne. Looks like inventory continues to be a challenge. A great time for a seller to call you to take advantage of the increasing prices. I ike the graphics you used to display the information which makes it quick and easy for people to digest. 

May 14, 2021 05:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Matthew Klinowski, PA thank you, Matt, for the compliment. Inventory in the Ballantyne area is on life support these days!

May 14, 2021 05:23 AM