Charlotte's Raintree Neighborhood Home Prices Up 22.8% Y-O-Y: Q 4-2021

By
Real Estate Agent with Coldwell Banker Realty

Raintree Neighborhood in South Charlotte

Real Estate Report & Community Spotlight

Quarter 4 - 2021

 

Raintree neighborhood in south Charlotte with over 1,700 homes is a perfect example of how critically low listing inventory is throughout the Greater Charlotte area. Just 10 single family homes sold in Quarter 4, 2021 and just 9 homes were listed for sale (down 50% year-over-year). This lack of inventory drove home sale prices up by 22.81% and reduced average days on market to just 8 days from 15 days one year ago. Median days on market were just 5 days. Average sale price in Quarter 4, 2021 was $496,050; median sale price was $535,000. Home sellers received a median 104.3% of of list price in final sale price. Home sale prices in the Fourth Quarter 2021 ranged from $355,000 to $650,000.

 

Townhomes and condos in Raintree remained in relatively short supply in Quarter 4, 2021. The neighborhood saw 9 closed sales and 10 new listings in the Fourth Quarter. Average days on market dropped 56.52% to 10, year-over-year. Median days on market were just 5 days. Average sale price in Quarter 4, 2021 for Raintree townhomes and condos increased 10.38% to $276,298; median sale price increased 21.93% to $253,000. Home sellers received 101.0% of list price, on average, in final sale price. Townhome and condo sale prices ranged from $190,000 to $395,000 during the Fourth Quarter 2021.

 

Raintree Real Estate Snapshot: Quarter 4 - 2021

Raintree Neighborhood In Charlotte Real Estate Report For Quarter 4-2021

 

Detailed Report On Raintree Home Sales In Quarter 4 - 2021

 

Get To Know Raintree

Raintree Neighborhood in Charlotte, NCRaintree is an 1,100+ acre neighborhood with over 1,700 single family homes, townhomes, and condos, containing separately managed "sub-neighborhoods." Raintree includes the communities of Deerpark, Williamsburg, Timberidge, Raintree Lakes, Raintree Greens, Crestview, Cricket Lake, Golfview, Greenview Terraces, Kensington, and more.

 

Raintree homes were built primarily during the 1970's and 1980's. You'll find home styles that include traditional one and two story homes, contemporary style homes, ranch homes, split level and split foyer homes, A-frame homes, basement homes, as well as townhomes and condos. There's even a circular home in Raintree. Home sizes range from under 1,000 square feet to well over 4,000 square feet. Home prices range from the $200,000's to over $700,000.

 

Raintree Country Club In Charlotte, NCBuilt around the Raintree Country Club and Golf Course, many homes back up to the golf course or to one of Raintree's numerous lakes or ponds.

 

Celebrating its 50th Anniversary in 2021, the Raintree Country Club offers 36 holes of golf with a north course and a south course, driving range, tennis courts, pool, fitness center, and a clubhouse with dining facilities. Initiation fees are waived for many of the homes in Raintree. 

 

Schools Serving Raintree Residents

Some of Charlotte's most highly rated public schools serve Raintree residents, including Providence High School, JM Robinson Middle School, Olde Providence Elementary School, South Charlotte Middle School. Top private schools, such as Charlotte Latin, are also nearby.

 

Prime South Charlotte/Ballantyne Area Location

Raintree's location in South Charlotte between Pineville Matthews Road, Providence Road, and Ballantyne Commons Parkway provides quick and easy access to I-485, Ballantyne, South Park, Uptown, Matthews, shopping, fine and casual dining, sports venues, movie theatres and more.

 

Map of Raintree Neighborhood In South Charlotte

 

RAINTREE IS ONE OF BALLANTYNE AREA'S HOTTEST SELLING NEIGHBORHOODS

 

Hottest Selling Ballantyne Area Neighborhoods In South Charlotte

 

SEARCH FOR RAINTREE HOMES FOR SALE  

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WONDERING WHAT YOUR RAINTREE HOME IS WORTH?

Wondering What Your Charlotte Area Home Is Worth?

 

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

 

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

   

 Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty are Raintree and south Charlotte specialists. We've been opening doors for Raintree home buyers and sellers for 20+ years. Call us about opening some doors for you.

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

 "The Right Broker Makes All The Difference."


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
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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 (18)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, Raintree is a good-sized neighborhood and to only have 10 sales the last quarter speaks to the low inventory issue! 

Jan 08, 2022 12:05 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- your area has some of the best communities to offer buyers. They need to call you for more information. 

Jan 08, 2022 12:10 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... it's insane the lack of inventory... especially in a community with 1,700+ homes!

Jan 08, 2022 01:07 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... I've often referred to it as an embarrassment of riches... we have so many great communities of all styles in all price ranges. What we don't have is inventory! :)

Jan 08, 2022 01:08 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina it will be interesting to see if the recent increase in the interest rates has any impact on home sales.

Jan 08, 2022 01:47 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon Nina,

Just finished our meetings, and spent time pruning all the roses...And what else can I say about you, except NINA KNOWS BEST!  A

Jan 08, 2022 02:00 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto I suspect it might put some buyers out of the market but there's so little inventory in Charlotte I think it will all sell nonetheless.

Jan 08, 2022 02:02 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra.... way too cold to do anything outdoors here today... never got over 42 degrees, which for Charlotte, even in January, is really cold.

Jan 08, 2022 02:03 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Over 20% increase is substantial and Raintree sounds like a great neighborhood to call home.

Jan 09, 2022 03:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... it is a substantial increase but not surprising when a community with over 1,700 sees only 10 home sales in a quarter.

Jan 09, 2022 05:24 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - I have a feeling buyers put Raintree first on their list when wanting to buy. Your marketing skills are extraordinary. I'm not surprised by your success. 

Jan 09, 2022 05:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thanks so much, Patricia. Your comment has certainly made my day! 

Jan 09, 2022 06:27 AM
Patricia Feager, MBA, CRS, GRI,MRP

Nina Hollander, Broker -  Carpe Diem! Enjoy!

Jan 09, 2022 06:38 AM
Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and make it a great day!

Jan 09, 2022 07:13 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Good Sunday afternoon, Nina.

Have a great day and an outstanding week.

 

 

Jan 09, 2022 11:27 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jan 10, 2022 05:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kristin Johnston - REALTOR® good morning, Kristin... as always, great to see you and thanks for popping by and leaving me a comment.

Jan 11, 2022 05:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley good morning, Roy... clearly something odd happening in the Rain... your Sunday comment just popped up for me two days later. Happy Tuesday.

Jan 11, 2022 05:23 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hello Myrl... Raintree has always been a "popular" neighborhood, but a neighborhood with 1,700+ homes and just 10 sales is really struggling for inventory.

Jan 11, 2022 05:24 AM