Southampton Neighborhoods Home Sales Q2-2024
Southampton Neighborhoods Home Sales Q2-2024
Real Estate Report & Neighborhood Spotlights
SOUTHAMPTON HOME SALES OVERVIEW
Southampton neighborhood continued to suffer from lack of inventory in Quarter 2-2024, resulting in much higher home prices compared with the same quarter one year ago. Average and median home sale prices increased 34% and 24%, respectively. The average price per square foot declined 15% to $247. Compared with the first quarter of 2024, home prices were lower, but price per square foot by $15/square foot.
Just four homes sold in Q2-2024. For a neighborhood with some 418 homes, four home sales in an entire quarter is just a drop in the bucket. The second quarter saw just one additional home sale compared with the first quarter. Southampton saw zero new listings in Q2-2024.
The list to sale price ratio increased 6% to 106.4% from one year ago, providing little opportunity for Southampton home buyers to negotiate on price. Quarter-over-quarter the list to sale price ratio increased 3.77%. Lack of inventory will drive this metric up.
Days on market were unchanged from last year with just two average days on market. Compared with the first quarter of 2024, days on market declined by four days.
With just 0.25 months supply of inventory, Southampton remained in home seller “territory” in Q2-2024. The months supply of inventory declined 75% from the same quarter one year ago and 0.07 from one quarter ago.
SOUTHAMPTON HOME SALES QUARTER 2-2024 SNAPSHOT
SOUTHAMPTON HOME SALES QUARTER 1-2024 SNAPSHOT
To track sales in Southampton “real time,” click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Southampton sales activity.
PRINCETON AT SOUTHAMPTON TOWNHOME SALES QUARTER 1-2024 SNAPSHOT
SOUTHAMPTON COMMONS HOME SALES OVERVIEW
Across Marvin Road is Southampton’s sister community of Southampton Commons with an additional 385 homes. Southampton Commons saw four homes sell in Q2-2024, which was a 300% improvement over the same quarter one year ago. Southampton Commons had no new listings in Q2-2024.
Lack of inventory kept the list to sale price ratio just over 100% in the second quarter 2024, declining 6% from one year ago.
SOUTHAMPTON COMMONS HOME SALES QUARTER 2-2024 SNAPSHOT
SOUTHAMPTON COMMONS HOME SALES QUARTER 1-2024 SNAPSHOT
Top Rated Schools:
Southampton neighborhoods are served by some of Charlotte’s top schools, including Ardrey Kell High School,Community House Middle School, and Elon Park Elementary. A number of private and parochial schools are also nearby, including the British International School in Charlotte and St. Matthew Catholic School(both in the Ballantyne area). Coming soon to the Ballantyne area are a new middle school and a new high school.
Ardrey Kell High School was ranked the #1 best public high school in Mecklenburg County by niche.com for 2024. It was also ranked the #3 best public high school in the Charlotte region and #10 of 618 public high schools in North Carolina. According to test scores, 91% of students were proficient in math and 86% were proficient in reading. Community House Middle School was ranked the #6 best public high school in Mecklenburg County and #28 our of 140 public middle schools in North Carolina. Elon Park Elementary School has been ranked the #11 best public elementary school in Mecklenburg County for 2024 out of 139 elementary schools in the county.
Prime Ballantyne Location:
Southampton is located in the heart of Charlotte’s trendy and popular Ballantyne area. All the shopping you could want is within minutes of the neighborhood, including two large outdoor shopping centers (Blakeney and Stonecrest) which feature grocery shopping, high-end boutiques, spas, casual and fine dining restaurants, movie theatres, etc. Carolina Place Mall and Atrium Health/Pineville are less than five miles away. The new Novant Health Ballantyne Medical Center, which opened earlier in 2023 is virtually around the corner. Ballantyne Village is also accessible within minutes. All the major medical practices in Charlotte maintain offices in Ballantyne, as well. Also nearby are Trader Joe’s, Ballantyne Country Club, Piper Glen Club, horseback riding facilities in nearby Waxhaw. and so much more.
Important services such as gas stations, ATM’s, cleaners, pharmacies, grocery stores are all less than two miles away from the Southampton neighborhoods.
Golf enthusiasts will find some 15 golf courses within 10 miles of Southampton. Additionally, there’s access to some 20+ parks. The Morrison Family YMCA is just a few minutes away, as is the Lower McAlpine Greenway, which offers a wonderful hiking and biking venue.
“Foodies” will enjoy discovering new places to dine. There are some 209 casual and fine dining options within five miles of the neighborhood.
Southampton provides easy commuting to the Ballantyne Corporate Park, South Park, I-485, Matthews, Fort Mill, Charlotte-Douglas Airport.
Interested In Living In Ballantyne?
Check Out 10 Hot Selling Neighborhoods in the Ballantyne Area
PRINCETON AT SOUTHAMPTON TOWNHOMES FOR SALE
WONDERING WHAT YOUR SOUTHAMPTON OR BALLANTYNE HOME IS WORTH IN TODAY’S MARKET?
This Charlotte, North Carolina real estate update for Southampton neighborhoods home sales in Ballantyne is provided by Nina Hollander with Coldwell Banker Realty, Ballantyne resident since 2001/specialist and Greater Charlotte area residential real estate expert. I’ve been opening doors for Ballantyne area home buyers and sellers since 1999.
If you’re considering buying or selling a Ballantyne home, I’d love to earn your business, exceed your expectations, and to show you why experience matters and how:
“The Right Broker Makes All The Difference.”
