Ballantyne Real Estate December 2020

Ballantyne real estate December 2020 remained a seller’s market due to lack of inventory, resulting in lower days on market, higher closed and pending sales, and higher home prices.

 

 

Ballantyne Real Estate December 2020 Report

Ballantyne (28277 Zip Code) Real Estate ReportLatest news on the Ballantyne real estate market in December 2020 and what it means for you…

 

Ballantyne remained a seller’s market in December 2020 due to the continued lack of inventory. Months supply of inventory was down (-59.4%) compared with December 2019 to 0.5 months of housing supply. The 61.5% drop in housing inventory resulted in considerably lower days on market, an increase in closed and pending sales. 

 

Average Ballantyne home sale prices increased 16.5% to $451,287 in December 2020 compared with the same month one year ago. Median home sale prices increased 13.8% to $393,231 in December 2020. Home sellers received a median 99.4% of list price in final sale price (up 2.4% year-over-year). 

 

Ballantyne homes continue to sell quickly with Median Days on Market at just 5 days, down 21 days compared with one year ago. Average Days on Market were 25 days, down 19 days year-over-year. Average Price Per Square Foot increased to $174/square foot in December 2020, up $18/square foot versus one year ago.

 

Closed sales increased 11.5%, while pending sales increased 50.8% in December year-over-year in the Ballantyne area. Historically low interest rates continue to generate immense buyer demand.

 

Ballantyne’s months supply of homes remained razor-thin at 0.5 months (down from 1.3 months one year ago). This coupled with a 59.4% drop in housing inventory in December, kept Charlotte’s Ballantyne area/28277 zip code a home seller’s market.

 

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

Contact Nina Hollander if you're curious about the Charlotte real estate market

 

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Ballantyne Real Estate Highlights

December 2020 vs December 2019

Ballantyne/28277 Zip Code Housing Market Snapshot December 2020

 

 

MEDIAN SALE PRICE TRENDS IN BALLANTYNE AREA

 

 

 

13 HOTTEST SELLING BALLANTYNE AREA NEIGHBORHOODS

 

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

 

 

This Charlotte, North Carolina Ballantyne real estate December 2020 update is provided by Nina Hollander with Coldwell Banker, Ballantyne resident and specialist. 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:

 “The Right Broker Makes All The Difference.”

 

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