Reavencrest Neighborhood In Charlotte's Ballantyne Area
Real Estate Report + Neighborhood Spotlight: 2024
This 2024 real estate report provides an overview of both single-family and townhome sales in the Reavencrest neighborhood.
In 2024, single-family home sales in Reavencrest rose by 25% year-over-year, reaching a total of 15 homes. The average home sale price increased by 14% compared to the previous year, while the median home sale price saw a significant 22% jump. The average price per square foot climbed 15% year-over-year to $281. Homes spent an average of 20 days on the market, unchanged from the prior year. Similarly, the list-to-sale price ratio remained steady at 101.2%. The months supply of inventory dropped 24% to just 0.13 months in 2024, firmly maintaining Reavencrest single-family homes in a seller’s market.
REAVENCREST 2024 HOME SALES SNAPSHOT:
SINGLE FAMILY HOMES
Reavencrest townhomes continued to favor sellers in 2024, with only four townhomes sold throughout the year. The average sale price rose by 7% year-over-year, while the median sale price increased by 8%. The price per square foot climbed 5% from the previous year, reaching $245. Homes spent an average of just 5 days on the market, a 38% decrease compared to 2023. The list-to-sale price ratio also saw a 2% increase, reaching just under 101%.
REAVENCREST 2024 HOME SALES SNAPSHOT:
TOWNHOMES
To track sales in Reavencrest "real time," click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Reavencrest home sales activity.
MEDIAN SALE PRICE HISTORY FOR REAVENCREST SINGLE FAMILY HOMES
MEDIAN SALE PRICE HISTORY FOR REAVENCREST TOWNHOMES
Reavencrest Community Spotlight
One of the most popular neighborhoods in the Blakeney and Ballantyne areas in south Charlotte for almost two decades, Reavencrest is a beautiful neighborhood of single family homes, patio homes with maintained lawns, and townhomes located in the heart of Charlotte's prestigious Ballantyne/Blakeney area between Rea Road and Tom Short Road.
Built by Pulte Homes in the early 2000's just as the Ballantyne area began expanding rapidly, Reavencrest offers five distinct "neighborhoods within a neighborhood."
- The Laurels
- Preserve at Reavencrest
- The Cascades
- The Terrace Townhomes
- The Arbours at Reavencrest (patio homes)
The 433 single family homes in Reavencrest are primarily two-story homes with three to four bedrooms + a two-car garage. They range in size from about 2,100 square feet to 2,900 square feet.
The Reavencrest patio homes range in size from about 1,400 square feet to 1,800 square feet and feature two to three bedrooms with two to three bathrooms + a two-car garage. While many of the patio homes are one story, there are some that have a bedroom and bath on the second floor.
The townhomes in Reavencrest range in size from 1,600 to just over 1,800 square feet. All are two-story plans with three bedrooms and 2.5 bathrooms. Most of the townhomes feature a one-car garage, but there are some with two-car garages. Reavencrest has some 189 patio homes and townhomes.
Community amenities at Reavencrest include:
- A clubhouse
- A pool
- Tennis courts
- Children's Playground
Top Ranked Schools Serve Reavencrest Residents
Reavencrest is served by top public schools in Charlotte, widely acknowledged for their academic performance, including Ardrey Kell High School, Jay M Robinson Middle School, and Polo Ridge Elementary School. Jay M Robinson Middle School is ranked the #6 best public middle school in Mecklenburg County out of 65 middle schools. Polo Ridge Elementary School is rated as the #10 best elementary public school in Mecklenburg County out of 131 public elementary schools. (Rankings provided by niche.com).
Effective the 2024/2025 and 2025/2026 school years, Reavencrest students in grades 9,10, and 11 will be attending the new Ballantyne Ridge High School. Grade 12 students will remain in Ardrey Kell High School.
A number of Charlotte area's top private and parochial schools are also nearby, including Charlotte Catholic High School, 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 Reavencrest, is ranked the #11 best private school in the Charlotte region for 2023 by niche.com
Prime Ballantyne/Blakeney Location:
Reavencrest is located in the heart of Charlotte's upscale, popular Ballantyne/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 Carolinas Medical Center/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.
Reavencrest 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 Reavencrest neighborhood. And if it's golf you love, there are 20+ golf courses within 10 miles of the community, as well as parks and hiking trails within five miles.
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This Charlotte, North Carolina real estate update for Reavencrest home sales in Ballantyne is provided by Nina Hollander with Coldwell Banker Realty, Ballantyne neighbor/specialist and Greater Charlotte area residential real estate expert. I've been opening doors for Ballantyne and Blakeney area home buyers and sellers since 1999.
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."
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