Thornhill Home Sales: Q1-2024
Thornhill Neighborhood in Charlotte’s Ballantyne Area
Real Estate Report & Community Spotlight: Quarter 1-2024
Thornhill Q1-2024 home sales improved significantly compared with the same quarter one year ago and also with the most recent quarter ended December 31, 2023. Year-over-year, average home sale price increased 35% to $778,000. The median sale price increased 37% to $785,000. The average price per square foot remained unchanged from one year ago. The list to sale price ratio also increased 4% to just under 102%. The average days on market declined from one year ago by 91% to just 5 days. Low inventory in Thornhill drove the much higher sale prices, the higher list to sale price ratio, and the very low days on market. In Quarter 1-2024, the months supply of inventory was just 0.8 months, declining 40% compared with the same quarter in 2023. For a neighborhood with 505 homes, five home sales in an entire quarter is just a drop in the proverbial bucket.
THORHNILL HOME SALES SNAPSHOT: QUARTER 1 – 2024
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Median Sale Price History For Thornhill Homes
Home Inventory Trends For Thornhill Homes
Community Spotlight: Thornhill
One of the most in-demand and sought-after neighborhoods in the Ballantyne area in south Charlotte since the late 1980’s, Thornhill is a beautiful neighborhood with 505 homes situated on tree-lined streets and surrounded by mature landscaping. Demand for Thornhill homes stems from its location in Ballantyne just off of Elm Lane across the street from the Stonecrest Shopping Center and the excellent schools that serve Thornhill’s children.
The 505 single family homes in Thornhill are primarily transitional-style two-story homes with three to four bedrooms + a two-car garage. There are also single story and 1.5 story homes, as well as a small number of homes with basements. Thornhill homes range in size from about just under 1,400 square feet to over 3,000 square feet. On average, homes are about 2,500 square feet. Homes are situated on lots ranging in size from .12 of an acre to just over one third of an acre. Homes in Thornhill were built from the late 1980’s until 1998. Median age of Thornhill homes is 28 years.
Thornhill Community Amenities
Thornhill offers residents wonderful amenities, which include a Club House, pond, swimming pool, recreation area, pavilion, tennis courts, and walking trails. The active Homeowner Association organizes Easter, Halloween and holiday events, as well as various clubs for women, men and children, including competitive swim teams and tennis leagues.
The 22-acre Big Rock Park/Nature Preserve sits in the middle of the Thornhill community. Big Rock Nature Preserve is named for the granite extrusions that lie at the heart of the preserve. It contains the largest example of this geology in Mecklenburg County. With archaeological evidence showing Native American habitation dating back 7,000 years, this site has been designated as a Historic Landmark by the Charlotte Historic Landmarks Commission.
Top Schools Serve Thornhill Residents
Thornhill is served by some of the top schools in Charlotte, widely acknowledged for their academic performance, including Ardrey Kell High School, Jay M Robinson Middle School, and Endhaven Elementary School. Ardrey Kell High School is ranked as the #2 best high school for 2023 in the Greater Charlotte area. Jay M Robinson Middle School is ranked the #6 best public middle school in Mecklenburg County out of 65 middle schools. (Rankings provided by niche.com)
A number of Charlotte area’s top private and parochial schools are also nearby, including , ranked the #2 best Catholic High School in the Charlotte area and the #14 best private high school in the Greater Charlotte area. The British International School of Charlotte, which is minutes away from Thornhill, is ranked the #11 best private school in the Charlotte region for 2023 by niche.com. St Matthew Catholic School is also just minutes away.
Prime Ballantyne Area Location:
Thornhill is located in the heart of Charlotte’s upscale, popular Ballantyne and Blakeney areas. 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. Carolina Place Mall and Atrium Health/Pineville are less than five miles away. 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.
Thornhill provides easy commuting/access to the Ballantyne Corporate Park, South Park, I-485, Matthews, Fort Mill, Charlotte-Douglas Airport.
All of life’s necessities are minutes from the Thornhill neighborhood. And if it’s golf you love, there are some 20 golf courses within 10 miles of the community, as well as parks and hiking trails within five miles.
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This Charlotte, North Carolina real estate update for Thornhill home sales in Ballantyne is provided by Nina Hollander, Coldwell Banker Realty, Ballantyne neighbor/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 selling or purchasing a home in the Greater Charlotte area, I’d love an opportunity to earn your business, exceed your expectations, and to show you why experience matters and how:
“The Right Broker Makes All The Difference.”
