Ballantyne remained a seller’s market in January 2021. Months supply of inventory was down (54.5%) compared with January 2020 to 0.5 months supply. Housing inventory was down 60.5% year-over-year, resulting in lower days on market, higher home prices with sellers receiving a median 100% of asking price in final sale price.

Ballantyne (28277 Zip Code) Home Sales Report: January 2021

Ballantyne (28277 Zip Code) Real Estate ReportLatest news on the Ballantyne real estate market and what it means for you…

 

Ballantyne remained a seller’s market in January 2021 due to the continued lack of inventory. Months supply of inventory was down (-54.5%) compared with January 2020 to 0.5 months of housing supply. The 60.5% drop in housing inventory resulted in considerably lower days on market, an increase in closed sales.

Average Ballantyne home sale prices increased 20.1% to $423,598 in January 2021 compared with the same month one year ago. Median home sale prices increased 13.9% to $362,000 in January 2021. Home sellers received a median 100% of list price in final sale price (up 3.4% year-over-year). 

Ballantyne homes continue to sell quickly with Median Days on Market at just 5 days, down 30 days compared with one year ago. Average Days on Market were 17 days, down 29 days year-over-year. Average Price Per Square Foot increased to $168/square foot in January 2021, up $11/square foot versus one year ago.

Closed sales increased 12.7%, while pending sales decreased 3.7% in January year-over-year in the Ballantyne area. Historically low interest rates continue to generate immense buyer demand. The drop in pending sales is not reflective of a lack of demand for Ballantyne area homes. It’s reflective of the lack of inventory. New listings decreased 14% year-over-year.

Ballantyne’s months supply of homes remained razor-thin at 0.5 months (down from 1.1 months one year ago). This coupled with a 60.5% drop in housing inventory in January, kept Charlotte’s Ballantyne area/28277 zip code a home seller’s market.

 

 

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

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 Ballantyne Housing Market Highlights

January 2021 versus January 2020

 

Ballantyne (28277 Zip Code) Housing Market Snapshot January 2021

 

 

MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA

 

 

 

12 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS

 

Hot Ballantyne Neighborhoods

 

 

 SEARCH ALL BALLANTYNE AREA HOMES 

 

 

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

 

WONDERING WHAT YOUR BALLANTYNE AREA HOME IS WORTH?

 

What's My Home 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 real estate monthly update for Ballantyne is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty,  your 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 20+ 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 how:

 “The Right Broker Makes All The Difference.”

 

Search Ballantyne Homes For Sale


Summary
Ballantyne (28277 Zip Code) Real Estate Report: January 2021
Article Name
Ballantyne (28277 Zip Code) Real Estate Report: January 2021
Description
Ballantyne remained a seller's market in January 2021. Months supply of inventory was down (54.5%) compared with January 2020 to 0.5 months supply. Housing inventory was down 60.5% year-over-year, resulting in lower days on market, higher home prices with sellers receiving a median 100% of asking price in final sale price.
Author
View All Housing Market Reports/Updates Posts