Ballantyne Real Estate April 2024
Ballantyne real estate April 2024 experienced a strong month with home sales prices up both month-over-month and year-over-year. List to sale price ratio was just under 102%. Closed sales increased almost 39% in April from March. Days on market declined to 7 and were lower both month-over-month (-41.67%) and year-over-year (-50%). Housing inventory increased from the one month ago by five properties, while decreasing by five properties from one year ago. New listings declined 9% in April 2024 after four consecutive months of increases. With less than three months of inventory (2.8 months), Charlotte’s Ballantyne area remained a home seller’s market.
BALLANTYNE REAL ESTATE MARKET TRENDS APRIL 2024
BALLANTYNE HOME SALE PRICES STRONG
Median sale price in April 2024 was $640,000 down 1.54% from $650,000 in March 2024. The median sale price also increased 23.1% from $519,425 in April 2023. The April 2024 median home sale price was at its highest level compared with April 2023 and 2022.
Average sale price in April 2024 was $728,581, up 2.62% from $709,956 in March 2024. The average sale price was 24.64% higher than $584,540 in April 2023. The April 2024 average home sale price was at its highest level compared with April 2023 and 2022.
Average Sale Price Per Square Foot was $265 in April 2024, up 2.71% compared with the previous month of March and 9.5% higher than the $242 price per square foot for Ballantyne homes in April 2023. The April 2024 price per square foot was at its highest level in the past three years.
BALLANTYNE HOMES’ LIST TO SALE PRICE RATIO JUST UNDER 102%
The list to sale price ratio of 101.94% in April 2024 increased from 100.46% in the previous month of March. The list to sale price ratio increased from 100.84% in April one year ago.
BALLANTYNE AVERAGE DAYS ON MARKET AT LOWEST LEVEL SINCE JULY 2022
Average days on market for Ballantyne area homes in April were 7 days, down 5 days from March’s 12 days. Average days on market were 7 days lower (down 50%) than in April 2023, but one day higher than in April 2022.
BALLANTYNE SALES UP A THIRD CONSECUTIVE MONTH
The number of properties sold in April 2024 increased to 93, up 38.81% from 67 homes sold in the previous month of March. Compared with April 2023, the number of properties sold was 19.23% higher. April 2023 closed sales were 78. April 2022 closed sales were 128.
BALLANTYNE INVENTORY HELD STEADY
Ballantyne’s inventory of properties for sale in April 2024 was 260, up 1.96% from 255 properties in March 2024 and 1.89% lower than the 265 properties for sale in April 2023. The number of properties for sale were higher than the 246 properties on the market in April 2022. With 2.79 months of inventory (down from 3.79 months one month ago), Ballantyne area remained in home seller “territory” in April 2024.
NEW LISTINGS DECLINED AFTER INCREASING FOUR CONSECUTIVE MONTHS
The number of new listings in Ballantyne area in April 2024 was 91, declining 9% from 100 in the previous month of March. New listings were 3.19% lower than in April 2023, which had 94 new listings. Compared with April 2022, new listings were down by 34 properties in 2024. April 2024 listings were at their lowest level compared with April 2023 and 2022.
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This Charlotte, North Carolina monthly Ballantyne real estate report is provided by Nina Hollander with Coldwell Banker Realty, Ballantyne area specialist and neighbor and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne home buyers and sellers since 1999.
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 why experience matters and how:
PREVIOUS BALLANTYNE REAL ESTATE REPORTS
Ballantyne Real Estate Report: December 2023 Ballantyne Real Estate Report: November 2023
Ballantyne Real Estate Report: October 2023 Ballantyne Real Estate Report: September 2023
Ballantyne Real Estate Report: August 2023 Ballantyne Real Estate Report: July 2023
Ballantyne Real Estate Report: June 2023 Ballantyne Real Estate Report: May 2023
Ballantyne Real Estate Report: April 2023
