Ballantyne Real Estate April 2020

Ballantyne Real Estate April 2020 remained a seller’s market. Months supply of inventory was sharply down (by 42.9%) compared with April 2019 to 1.2 months. Housing inventory was down 41.4% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in April.

BALLANTYNE REAL ESTATE APRIL 2020: Latest news and what it means for you…

Average Ballantyne home sale prices increased 9.5% in April 2020 compared with the same month one year ago. Median home sale prices increased 9.8% in April. Home sellers received 98.9% of list price in final sale price (up 1.4% year-over-year). 

Ballantyne homes continue to sell quickly with Median Days on Market at just 5 days, down 10 days compared with one year ago and down month-over-month. Average Days on Market were 22 days, down 30 days year-over-year and also down 14 days month-over-month. Average Price Per Square Foot increased by $10/square foot to $162/square foot in April 2020 compared with one year ago.

Closed sales decreased 27.7%, while pending sales decreased 48.4% in April year-over-year in the Ballantyne area. Some of the decrease in lower pending sales can be attributed to low inventory and part to the impact from shelter-at-home orders which came into effect in the third week of March, prohibiting in-person home showings in Charlotte. Ballantyne home showings slowed down to 789 showings in April 2020 compared with 3,280 showings in April 2019.

Ballantyne’s months supply of homes remained razor-thin at 1.2 months (down from 2.1 months one year ago). This coupled with a 41.4% drop in housing inventory and a drop of 48.3% in new listings in April due to COVID-19 restrictions, kept Charlotte’s Ballantyne area/28277 zip code a seller’s market.

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

I can help.

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

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

Ballantyne Real Estate Highlights:

April 2020 vs April 2019

 

MEDIAN HOME PRICE TRENDS FOR BALLANTYNE HOMES

 

 

It’s easy to find your Ballantyne area dream home at GreatHomesInCharlotte.com. 

 

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

 

12 HOTTEST BALLANTYNE AREA NEIGHBORHOODS

 

 

What Is Your Ballantyne Home Worth?

Wondering what your Ballantyne home is worth in today’s market? Find out by clicking on the picture below.  

If you’re thinking about selling your Ballantyne area home, let’s get together and discuss the supply conditions in your Ballantyne neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

 

 

Contact me if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

I’m happy to provide this information with no obligation on your part.

 

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

 

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

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