Ballantyne remained a seller’s market in November 2019. Both median and average home prices were up, days on market were down, new listings and inventory were also down. Months supply of inventory was sharply down compared with November 2018 — down by 1.2 months. Closed sales were down due to lack of inventory. Pending sales increased year-over-year.
Ballantyne Real Estate Report & Housing Market Snapshot: November 2019
Latest news on the Ballantyne real estate market and what it means for you…
Average Ballantyne home sale prices increased 8.3% in November 2019 compared with the same month one year ago. Median home sale prices increased 4.8% in November. Home sellers received 98% of list price in final sale price. November was the sixth consecutive month we saw an increase in home sale prices year-over-year.
Ballantyne homes continue to sell quickly with Median Days on Market just 13 days, down 9 days compared with one year ago. Average Days on Market were down 6 days year-over-year. Average Price Per Square Foot increased by $17/square foot to $162 in November 2019 compared with one year ago.
Closed sales decreased 6.3%, while pending sales were up 15.1% in November year-over-year in the Ballantyne area.
Ballantyne’s months supply of homes remained low at 1.3 months (down from 2.5 months one year ago and 1.6 months in October 2019). This coupled with a 44.3% drop in housing inventory and a drop of 9.2% in new listings in November no doubt impacted closed sales in November and kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
Want to know what this would mean for your family if you decide to buy or sell a Ballantyne home?
And don’t miss out on the newest home listings inBallantyne.Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in the Charlotte area.
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 usif 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.
We’re happy to provide this information with no obligation on your part.
Whether You’re Buying Or Selling A Ballantyne Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Ballantyne is brought to you byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts. We’ve been opening doors for Ballantyne area home buyers and sellers for 20+ years and have been your Ballantyne neighbors 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 how: