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Ballantyne's Thornhill Neighborhood Home Prices Up 14%: Quarter 1-2023

By
Real Estate Agent with Coldwell Banker Realty 179530

Thornhill Neighborhood in Charlotte's Ballantyne Area

Real Estate Report & Community Spotlight: Quarter 1-2023

 

Thornhill's average home sale price increased 14%, compared with the previous three months' average in Quarter 1-2023. Median and average sale price continue their upward trend (see graph below).  Average days on market increased significantly, but home inventory remained low with just three properties sold in the first quarter. As of the end of the first quarter, no homes were listed for sale in Thornhill.

 

THORHNILL HOME SALES SNAPSHOT:  QUARTER 1 - 2023

Thornhill Neighborhood In Charlotte's Ballantyne Area Home Sales Report Quarter 1-2023

 

 To track sales in Thornhill "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Thornhill home sales activity.

 

 Median Sale Price History For Thornhill Homes

 

 

Home Inventory Trends For Thornhill Homes

 

Community Spotlight: Thornhill

Thornhill Neighborhood In Charlotte's Ballantye AreaOne of the most in-demand and sought-after neighborhoods in the Ballantyne area in south Charlotte since the late 1980's, Thornhill is a beautiful neighborhood with 505 homes situated on tree-lined streets and surrounded by mature landscaping. Demand for Thornhill homes stems from its location in Ballantyne just off of Elm Lane across the street from the Stonecrest Shopping Center and the excellent schools that serve Thornhill's children.

 

The 505 single family homes in Thornhill are primarily transitional-style two-story homes with three to four bedrooms + a two-car garage. There are also single story and 1.5 story homes, as well as a small number of homes with basements. Thornhill homes range in size from about just under 1,400 square feet to over 3,000 square feet. On average, homes are about 2,500 square feet. Homes are situated on lots ranging in size from .12 of an acre to just over one third of an acre. Homes in Thornhill were built from the late 1980's until 1998. Median age of Thornhill homes is 28 years.

 

Thornhill Community Amenities

Thornhill offers residents wonderful amenities, which include a Club House, pond, swimming pool, recreation area, pavilion, tennis courts, and walking trails. The active Homeowner Association organizes Easter, Halloween and holiday events, as well as various clubs for women, men and children, including competitive swim teams and tennis leagues.

 

Big Rock Nature Preserve In Charlotte's Ballantyne AreaThe 22-acre Big Rock Park/Nature Preserve sits in the middle of the Thornhill community. Big Rock Nature Preserve is named for the granite extrusions that lie at the heart of the preserve.  It contains the largest example of this geology in Mecklenburg County.  With archaeological evidence showing Native American habitation dating back 7,000 years, this site has been designated as a Historic Landmark by the Charlotte Historic Landmarks Commission. 

 

 

Top Schools Serve Thornhill Residents

Thornhill is served by some of the top schools in Charlotte, widely acknowledged for their academic performance, including Ardrey Kell High School,  Jay M Robinson Middle School, and Endhaven Elementary School. Ardrey Kell High School is ranked as the #2 best high school for 2023 in the Greater Charlotte area. Jay M Robinson Middle School is ranked the #6 best public middle school in Mecklenburg County out of 65 middle schools. (Rankings provided by niche.com)

 

A number of Charlotte area's top private and parochial schools are also nearby, including , ranked the #2 best Catholic High School in the Charlotte area and the #14 best private high school in the Greater Charlotte area. The British International School of Charlotte, which is minutes away from Thornhill, is ranked the #11 best private school in the Charlotte region for 2023 by niche.com. St Matthew Catholic School is also just minutes away.

 

Prime Ballantyne Area Location:

Thornhill is located in the heart of Charlotte's upscale, popular Ballantyne and Blakeney areas. All the shopping you could want is within minutes of the neighborhood, including two large outdoor shopping centers (Blakeney and Stonecrest) which feature grocery shopping, high-end boutiques, spas, casual and fine dining restaurants, movie theatres. Carolina Place Mall and Atrium Health/Pineville are less than five miles away. Ballantyne Village is also accessible within minutes. All the major medical practices in Charlotte maintain offices in Ballantyne, as well. Also nearby are Trader Joe's, Ballantyne Country Club, Piper Glen Club, horseback riding facilities in nearby Waxhaw. and so much more.

 

Thornhill provides easy commuting/access to the Ballantyne Corporate Park, South Park, I-485, Matthews, Fort Mill, Charlotte-Douglas Airport.

 

All of life's necessities are minutes from the Thornhill neighborhood. And if it's golf you love, there are 24 golf courses within 10 miles of the community, as well as parks and hiking trails within five miles.

Thornhill Neighborhood In Charlotte's Ballantyne Area Map     

SEARCH ALL THORNHILL HOMES FOR SALE 

 

WONDERING WHAT YOUR THORNHILL HOME IS WORTH IN TODAY'S MARKET?

 

What's Your Thornhill Home In Ballantyne Worth?

 

THINKING ABOUT SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MAREKETING ADVANTAGE.

 

Interested In Living In Ballantyne?

Check Out 10 Hot Neighborhoods in Ballantyne Area

 

 

SEARCH ALL BALLANTYNE AREA HOMES

SEARCH ALL GREATER CHARLOTTE AREA HOMES FOR SALE 

 

This Charlotte, North Carolina real estate update for Thornhill home sales in Ballantyne is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty,  your Ballantyne neighbors/specialists and Greater Charlotte area residential real estate experts. We've been opening doors for Ballantyne area home buyers and sellers for 24+ years.

 

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

 "The Right Broker Makes All The Difference."

 

Great Homes In Charlotte

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
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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.

 

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

Nina, time for quarterly reports, and look at how home values have increased in three years in Thornhill!

Apr 05, 2023 09:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... I feel as if I just finished the fourth quarter and year-end 2022 reports! I remember selling homes in Thornhill in the high $200's and low $300's!

Apr 05, 2023 09:50 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

We are seeing some nice price increases here as well. It is a good time to sell!

Apr 05, 2023 01:04 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty I agree, Jeff... home prices still increasing and buyers still out there eager to buy.

Apr 05, 2023 01:15 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina,

The  Days on Market have increased, but I think the lack of inventory is continuing to put upward pressure on home prices in Thornhill

Apr 05, 2023 06:30 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Ballantyne's Thornhill home buyers and sellers are certain to value your real estate market report, Nina.

Apr 06, 2023 12:51 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker 

Everything about Thornhill sounds good, desirable and exciting! Thornhill Community Amenities, location, Big Rock Nature Preserve, and of course it offers consumers you, Nina their local Broker.

Apr 06, 2023 02:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® good morning, Sheri... without inventory we will see continued pressure on prices. And increasingly I'm seeing homes sell quickly with multiple offers. That will also put pressure on prices.

Apr 06, 2023 05:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good morning and thanks, Myrl, for popping by. Wishing you a terrific Thursday.

Apr 06, 2023 05:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP awww, thanks, Patricia, for that lovely comment. Thornhill has been one of Charlotte's most popular neighborhoods for decades.

Apr 06, 2023 05:26 AM
Patricia Feager, MBA, CRS, GRI,MRP

Thornill in Charlotte, where everyone knows your name, Nina Hollander, Broker 

Apr 06, 2023 07:44 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Wow, a 14% increase is quite a good jump in Thornhill, it definitely sounds like a desirable place to call home!

Apr 06, 2023 05:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... great location, great amenities, great schools... what's not to like about Thornhill?

Apr 06, 2023 05:56 AM