Ballantyne real estate July 2019 saw average Ballantyne home sale prices increase 8.8% in July 2019 compared with the same month one year ago. This was the second month in a row we saw a significant increase in home sale prices. Ballantyne homes, on average, sold in under one month, with average days on market 8 days lower than in July 2018. Pending sales were up 27.2% in July year-over-year. The months supply of homes remained low at 1.9 months and a 19% drop in housing inventory kept the Ballantyne area/28277 zip code housing market a seller’s market.
Ballantyne Real Estate July 2019: Highlights
Average sale price of Ballantyne area homes increased 8.8% in July 2019 to $440,684 year-over-year (and almost $14,000 higher, on average, versus the prior month of June 2019).
Median sale price in July 2019 increased 4.8% versus one year ago to $390,000.
Average days on market for property listings in Ballantyne were 26 days in July 2019 (down 8 days compared with one year ago and down 1 day versus the most recent month of June).
Median days on market were 11 days in July 2019, down 2 days compared with one year ago and down 1 day compared with the most recent month of June. Homes in Ballantyne continue to sell quickly and in under one month, on average.
Average price per square foot was $154/square foot in July 2019, up 3.4% compared with the same period in 2018.
Pending salesin Ballantyne increased 27.2% in July 2019 versus the same month last year.
Closed sales in Ballantyne decreased 5.8% compared with the same month one year ago. This decrease was not unexpected given the lack of inventory in the 28277 zip code.
New listings in Ballantyne barely increased 0.6% versus July 2018.
Months supply of inventoryremained low in July 2019 at 1.9 months keeping Ballantyne a seller’s market. Inventorywas down 19% compared with July 2018.
Median percent of original list price that sellers received for their homes was 98%. Certainly not a lot of negotiating room for Ballantyne home buyers.
Hot Ballantyne Neighborhoods
Wondering what the hot neighborhoods in the Ballantyne area? Click on the picture below to discover the 12 hottest neighborhoods to be watching in the Ballantyne/28277 zip code in 2019.
Find Your Ballantyne Area Dream Home
It’s easy to find your dream home in the Ballantyne area at GreatHomesInCharlotte.com. You can search for all homes for sale in the 28277 zip code for sale at:www.GreatHomesInCharlotte.com.
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Wondering what your Ballantyne area home is worth in today’s market? Find out by clicking on the picture below. If you’re thinking about selling, let’s get together and discuss the supply conditions in Ballantyne 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.
This Charlotte, North Carolina real estate monthly update for Ballantyne is provided byNina Hollander with Coldwell Banker Realty, Ballantyne area specialist and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne area home buyers and sellers since 1999 and have been a Ballantyne resident since 2001.
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: