Ballantyne Real Estate August 2019

Ballantyne real estate August 2019 saw average Ballantyne home sale prices increase 10.3% compared with the same month one year ago. This was the third consecutive month we saw an increase in home sale prices. Ballantyne homes continue to sell quickly with Median Days on Market just 11 days, down two days compared with one year ago. Closed sales increased 21.8%, while pending sales were up 26.5% in August year-over-year. The months supply of homes remained low at 1.9 months and a 26.9% drop in housing inventory kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.

BALLANTYNE REAL ESTATE AUGUST 2019: HIGHLIGHTS

Average sale price of Ballantyne area homes increased 10.3% in August 2019 to $415,518 year-over-year.
Median sale price in August 2019 increased 9.9% versus one year ago to $373,500.
Average days on market for property listings in Ballantyne were 36 days in August 2019 — essentially flat compared with the same month one year ago.
Median days on market were 11 days in August 2019, down 2 days compared with one year ago. Homes in Ballantyne continue to sell quickly.
Average price per square foot was $156/square foot in August 2019, up $8/square foot compared with the same period in 2018.
Pending sales in Ballantyne increased 26.5% in August 2019 versus the same month last year.
Closed sales in Ballantyne increased 21.8% compared with the same month one year ago.
New listings in Ballantyne barely decreased 0.6% versus August 2018.
Months supply of inventory remained low in August 2019 at 1.9 months (down 26.9% versus one year ago), keeping Ballantyne a seller’s market. Inventory was down 23% compared with August 2018.
Median percent of original list price that sellers received for their homes was 98.5%, up 1.2% compared with one year ago. Certainly not a lot of negotiating room for Ballantyne home buyers.

Ballantyne Real Estate Snapshot
August 2019 vs August 2018

Hot Ballantyne Neighborhoods

Wondering what the hot neighborhoods in the Ballantyne area? Click on the picture below to discover the 12 hottest neighborhoods to be watching in the Ballantyne/28277 zip code in 2019.

It’s easy to find your dream home in the Ballantyne area at GreatHomesInCharlotte.com. You can search for all homes for sale in the 28277 zip code for sale here at: www.GreatHomesInCharlotte.com.

And don’t miss out on the newest home listings in the Ballantyne area. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market.

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

What’s Your Ballantyne Area Home Worth?

Wondering what your Ballantyne area home is worth in today’s market? Find out by clicking on the picture below. If you’re thinking about selling, let’s get together and discuss the supply conditions in Ballantyne and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

Contact me if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

I’m happy to provide an expert home value analysis with no obligation on your part.

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

Buying Or Selling A Home In The Ballantyne Area…

… The Right Broker Makes All The Difference!

This Charlotte, North Carolina real estate monthly update for Ballantyne is provided by Nina Hollander with Coldwell Banker Realty, Ballantyne area specialist and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne area home buyers and sellers for 20+ years and have been your Ballantyne neighbors since 2001.

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 why experience matters and how:

“The Right Broker Makes All The Difference.”