Ballantyne Real Estate: January 2023

BALLANTYNE AREA HOUSING MARKET HIGHLIGHTS

 

 

BALLANTYNE HOME SALE PRICES UP YEAR-OVER-YEAR

Median sale price in January 2023 was $502,500, up 1.82% from $493,500 in the previous month of December 2022. It was 15.52% higher than the average price of $425,000 in January 2022. The January 2023 median sale price was at its highest level compared with January 2022 and January 2021.

 

Average sale price in January 2023 was $512,104, down 1% from $517,268 in the previous month of December 2022. The average sale price was 7.84% higher than $474,862 in January 2022. The January 2023 average sale prices was at its highest level compared with January 2022 and January 2021.

 

Average Price Per Square Foot was $221 in January 2023, equal to the previous month of December 2022 and 2.31% higher than in January 2021. 

 

BALLANTYNE HOMES LIST TO SALE PRICE RATIO DECREASED YEAR-OVER-YEAR

Home sellers received 97.38% of list price in final sale price in January 2023, equal to the previous month of December 2022, but down 101.7% from January 2022. This is a clear indication that last year’s feeding frenzy is over, with Ballantyne home buyers having a window of opportunity to negotiate on price.

 

BALLANTYNE AVERAGE DAYS ON MARKET UP YEAR-OVER-YEAR | DOWN MONTH-OVER-MONTH

Average days on market for Ballantyne area homes in January were 41 days, down 6.82% from 44 days in the previous month of December 2022. Average days on market were 26 days higher than in January 2022. The January 2023 average days on market were at their highest compared with January 2022 (15 days) and January 2021 (20 days).

 

BALLANTYNE SALES DECREASED IN JANUARY 2023

The number of properties sold in January 2023 was 46, down 14.8% from 54 homes in the previous month of December 2022. Compared with January 2022, the number of properties sold was 40.3% lower. The January 2023 sales were at their lowest level compared with January 2022 (77 sold properties) and January 2021 (91 sold properties).

 

BALLANTYNE INVENTORY UP YEAR-OVER-YEAR | NEW LISTINGS DOWN YEAR-OVER-YEAR

Ballantyne’s inventory of properties for sale in January 2023 was 295, down 7.2% from 318 properties in the previous month of December 2022 and 15.7% higher than the 255 properties for sale in January 2022. The months supply of inventory of 6.4 months was at its highest level compared with January 2022 and January 2021.

 

The number of new listings in Ballantyne area in January 2023 was 48, up from 32 in the previous month of December 2022. New listings were 23.8% lower compared with January 2022. New listings were at their lowest level compared with January 2022 (63 new listings) and January 2021 (93 new listings).

 

Want to know what this would mean for your family if you decide to buy or sell a Ballantyne home?

 

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MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA

 

 

10 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS

 

 SEARCH ALL BALLANYNE AREA HOMES 

 

 

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

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

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

 

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

 

This Charlotte, North Carolina monthly Ballantyne real estate report is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty,  Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts. We’ve been opening doors for Ballantyne home buyers and sellers for 22+ 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:

 “The Right Broker Makes All The Difference.”