Raintree Home Sales Q2-2024
Raintree Homes Sales Q2-2024
Real Estate Report & Community Spotlight
RAINTREE HOMES SALES Q2-2024: SINGLE FAMILY HOMES
Raintree single family home average and median home sale prices increased in Q2-2024, 17% and 27% respectively, compared with the same quarter one year ago. The average price per square foot of $253 increased 9% year-over-year. Compared with the most recent quarter ended March 31, 2024, the average home sale price increased $76,000 in Q2-2023; the median home sale price increased $67,000.
Days on market declined 74% to just six days compared with one year ago. Compared with the first quarter 2024, days on market declined 55 days.
The number of properties sold increased 30% to 13, year-over-year. When one considers that Raintree has over 1,700 homes, 13 property sales in one quarter is a drop in the bucket. The number of homes for sale in Raintree in Q2-2024 declined 12% to 15, while new listings declined 50% to just two. This lack of inventory also accounts for the increase in home sale prices.
Lack of inventory also contributed to the increase in the list to sale price ratio to 102.9% in Q2-2024 compared with 97.98% just one quarter ago.
With just 1.15 months supply of inventory, Raintree remained in home seller “territory” in the second quarter of 2024, declining 32% from one year ago. The months supply of inventory declined from 2.0 months one quarter ago.
RAINTREE SINGLE FAMILY HOME SALES QUARTER 2 – 2024
RAINTREE SINGLE FAMILY HOME SALES QUARTER 1 – 2024
RAINTREE TOWNHOME SALES Q2-2024
Raintree’s townhome average and median home prices increased 6% and 11% respectively from the same quarter one year ago. The average price per square foot increased 13% to $254 year-over-year. Compared with the first quarter in 2024, the average sale price of a Raintree townhome increased $55,000, while the median sale price increased $54,000.
The number of townhomes sold declined 22% to seven compared with the same quarter one year ago. Compared with one quarter ago, there were two additional sales. There were no new listings of Raintree townhomes in Q2-2024, a 100% decline from one year ago.
The list to sale price ratio of 100.7% was unchanged from one year ago. The ratio declined 9% from one quarter ago.
Average days on market declined 55% to 13 days from the same quarter one year ago, but increased from two days from one quarter ago.
The months supply of inventory of 0.29 declined 12% from Q2-2023 and was 0.51 months lower from one quarter ago. Raintree townhomes remained in home seller “territory” in Q2-2024.
RAINTREE TOWNHOME SALES QUARTER 2- 2024 SNAPSHOT
RAINTREE TOWNHOME SALES QUARTER 1- 2024 SNAPSHOT
Get To Know Raintree
Raintree is an 1,100+ acre neighborhood with over 1,700 single family homes, townhomes, and condos, containing separately managed “sub-neighborhoods.” Raintree includes the communities of Deerpark, Williamsburg, Timberidge, Raintree Lakes, Raintree Greens, Crestview, Cricket Lake, Golfview, Greenview Terraces, Kensington, and more.
Raintree homes were built primarily during the 1970’s and 1980’s. You’ll find home styles that include traditional one and two story homes, contemporary style homes, ranch homes, split level and split foyer homes, A-frame homes, basement homes, as well as townhomes and condos. There’s even a circular home in Raintree. Home sizes range from under 1,000 square feet to well over 4,000 square feet. Home prices range from the $200,000’s to over $700,000.
Built around the Raintree Country Club and Golf Course, many Raintree homes back up to the golf course or to one of Raintree’s numerous lakes or ponds.
Celebrating its 50th Anniversary in 2021, the Raintree Country Club offers 36 holes of golf with a north course and a south course, driving range, tennis courts, pool, fitness center, and a clubhouse with dining facilities. Initiation fees are waived for many of the homes in Raintree.
Schools Serving Raintree Residents
Some of Charlotte’s most highly rated public schools serve Raintree residents, including Providence High School, JM Robinson Middle School, Olde Providence Elementary School, South Charlotte Middle School. Top private schools, such as Charlotte Latin, are also nearby.
Providence High School is ranked #7 in the top public high schools in the Greater Charlotte area as ranked by niche.com. It is also ranked in the top 10% of public high schools in North Carolina. JM Robinson is ranked #7 out of 71 public middle schools in Mecklenburg County by niche.com, while South Charlotte Middle School is ranked #11 out of 71 public middle schools. Olde Providence Elementary School is ranked #16 out of 139 public elementary schools in Mecklenburg County by niche.com
Prime South Charlotte/Ballantyne Area Location
Raintree’s location in South Charlotte between Pineville Matthews Road, Providence Road, and Ballantyne Commons Parkway provides quick and easy access to I-485, Ballantyne, South Park, Uptown, Matthews, shopping, fine and casual dining, sports venues, movie theatres and more.
RAINTREE IS ONE OF BALLANTYNE AREA’S 10 HOTTEST SELLING NEIGHBORHOODS
SEARCH FOR RAINTREE HOMES FOR SALE
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Nina Hollander, Coldwell Banker Realty is a Raintree and south Charlotte residential real estate specialist. I’ve been opening doors for Raintree home buyers and sellers since 1999. Call me about opening some doors for you.
If you’re considering selling or purchasing a home in Raintree or the Greater Charlotte 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.”
