Ballantyne Real Estate December 2023
Ballantyne Real Estate Market: December 2023
Ballantyne real estate in December 2023 saw median and average home sale prices increase year-over-year and month-over-month. The list to sale price ratio was just under 100% at 99.14%. Homes sold quickly with average days on market just 12 days. Closed sales increased both month-over-month and year-over-year. Inventory of homes declined from November 2023 and was 8.65% lower than in December one year ago. New listings declined almost 43% from one month ago. The 4.47 months supply of inventory declined 1.02 months from the previous month.
BALLANTYNE AREA HOUSING MARKET HIGHLIGHTS
BALLANTYNE HOME SALE PRICES UP FROM 2022
Median sale price in December 2023 was $575,000, unchanged from the previous month of November 2023. The median sale price also improved 16.51% from $493,000 in December 2022. The December 2023 median home sale price was at its highest level compared with December 2022 and December 2021.
Average sale price in December 2023 was $607,441, declining 7.7% from $658,145 in November 2023. The average sale price was 17.43% higher than $517,268 in December 2022. The December 2023 average home sale price was at its highest level compared with December 2022 and December 2021.
Average Sale Price Per Square Foot was $246 in December 2023, down 1.2% compared with the previous month of November and 11.31% higher than the $221 price per square foot for Ballantyne homes in December 2022.
BALLANTYNE HOMES’ LIST TO SALE PRICE RATIO JUST UNDER 100%
Home sellers received 99.14% of list price in final sale price in December 2023. The list to sale price ratio was slightly lower than in the previous month and up 1.27% from December 2022 when it stood at 97.87%.
BALLANTYNE AVERAGE DAYS ON MARKET LOW AT 12 DAYS
Average days on market for Ballantyne area homes in December were 12 days, unchanged from the previous month. Average days on market were 22 days lower than in December 2022 and five days lower than in December 2021. This was the second lowest number of days on market in 2023. The December days on market were seven days lower than the 2023 year-to-date average days on market.
BALLANTYNE SALES UP
The number of properties sold in December 2023 increased to 59, up 9.26% from 54 homes sold in the previous month of November. Compared with December 2022, the number of properties sold was 9.26% higher. December 2022 closed sales were 54. November 2021 closed sales were 117.
BALLANTYNE INVENTORY DECLINED MONTH-OVER-MONTH & YEAR-OVER-YEAR
Ballantyne’s inventory of properties for sale in December 2023 was 264, down 1.86% from 269 properties in November 2023 and 8.65% lower than the 289 properties for sale in December 2022. The number of properties for sale were slightly higher than the 258 properties on the market in December 2021. The December months supply of inventory declined to 4.47 months from November when the months supply was 5.49.
NEW LISTINGS AT THEIR LOWEST LEVEL IN MORE THAN THREE YEARS
The number of new listings in Ballantyne area in December 2023 was 31, declining 42.59% from 54 in the previous month of November. New listings were 8.82% lower than in December 2022. The December 2023 new listings were at their lowest level compared with December 2022 (34 new listings) and December 2021 (76 new listings).
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This Charlotte, North Carolina monthly Ballantyne real estate report is provided by Nina Hollander with Coldwell Banker Realty, Ballantyne area specialist and neighbor and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne home buyers and sellers for 25 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 why experience matters and how:
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