Reavencrest Homes Sales: Q2-2024

Reavencrest Home Sales Q2-2024 & Community Spotlight

 

Reavencrest home sales in Quarter 2-2024 increased after no sales in Quarter 1-2024. Average and median home sale prices increased 18% and 27%, respectively, compared with the same quarter one year ago. The average price per square foot increased 21% to $281, year-over-year.

The number of home sales increased 75% to seven from the same quarter one year ago. The number of new listings in Quarter 2-2024 were unchanged from the same quarter one year ago.

Average days on market were just one in Quarter 2-2024, down 86% from Quarter 2-2023.

The list to sale price ratio increased 3% from one year ago to 103.5% in Q2-2024. Reavencrest homes buyers did not see many opportunities to negotiate on price in the second quarter this year.

The months supply of inventory stood at just 0.57 months in Q2-2024, keeping Reavencrest single family homes in seller “territory.”

 

 

REAVENCREST HOME SALES SNAPSHOT: QUARTER 2 – 2024

SINGLE FAMILY HOMES

Reavencrest neighborhood in Charlotte's Ballantyne area single family home sales for Quarter 2-2024

 

REAVENCREST HOME SALES SNAPSHOT: QUARTER 1 – 2024

SINGLE FAMILY HOMES

Reavencrest neighborhood in Charlotte's Ballantyne/Blakeney area home sales snapshot for Quarter 1-2024

 

 

Just one Reavencrest townhome sold in Q2-2024, unchanged from the same quarter one year ago. Compared with the most recent quarter ended March 31, 2024, the number of townhome sales dropped from two to one. Year-over-year, both average and median home prices increased 10%. Compared with one quarter ago, home prices were relatively flat. The average price per square foot also increased 10% from the same quarter last year to $251. 

Lack of inventory drove the list to sale price ratio up 7% from last year and up 1.75% from the most recent quarter. Reavencrest townhome buyers saw no bargains in the current quarter. As of the end of Quarter 2-2024 there was no inventory of townhomes for sale in Reavencrest.

 

 

REAVENCREST HOME SALES SNAPSHOT: QUARTER 2 – 2024

TOWNHOMES

Reavencrest neighborhood in Charlotte's Ballantyne area townhome sales in Quarter 2-2024

 

REAVENCREST HOME SALES SNAPSHOT: QUARTER 1 – 2024

TOWNHOMES

Reavencrest neighborhood in Charlotte's Ballantyne/Blakeney townhome market smapshot for Quarter 1-2024

 

 

 

 To track sales in Reavencrest “real time,” click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Reavencrest home sales activity.

 

MEDIAN SALE PRICE HISTORY FOR REAVENCREST SINGLE FAMILY HOMES

 

MEDIAN SALE PRICE HISTORY FOR REAVENCREST TOWNHOMES

 

Reavencrest Community Spotlight 

Reavencrest home sales in Charlotte's Ballantyne and Blakeney areasOne of the most popular neighborhoods in the Blakeney and Ballantyne areas in south Charlotte for almost two decades, Reavencrest is a beautiful neighborhood of single family homes, patio homes with maintained lawns, and townhomes located in the heart of Charlotte’s prestigious Ballantyne/Blakeney area between Rea Road and Tom Short Road.

 

Built by Pulte Homes in the early 2000’s just as the Ballantyne area began expanding rapidly, Reavencrest offers five distinct “neighborhoods within a neighborhood.”

  • The Laurels
  • Preserve at Reavencrest
  • The Cascades
  • The Terrace Townhomes
  • The Arbours at Reavencrest (patio homes)

 

The 433 single family homes in Reavencrest are primarily two-story homes with three to four bedrooms + a two-car garage. They range in size from about 2,100 square feet to 2,900 square feet.

 

The Reavencrest patio homes range in size from about 1,400 square feet to 1,800 square feet and feature two to three bedrooms with two to three bathrooms + a two-car garage. While many of the patio homes are one story, there are some that have a bedroom and bath on the second floor.

 

The townhomes in Reavencrest range in size from 1,600 to just over 1,800 square feet. All are two-story plans with three bedrooms and 2.5 bathrooms. Most of the townhomes feature a one-car garage, but there are some with two-car garages. Reavencrest has some 189 patio homes and townhomes.

 

Reavencrest home sales in Charlotte's Ballantyne and Blakeney areasCommunity amenities at Reavencrest include: 

~ A clubhouse

~ A pool

~ Tennis courts

~ Children’s Playground

 

Top Ranked Schools Serve Reavencrest Residents

Reavencrest is served by top public schools in Charlotte, widely acknowledged for their academic performance, including Ardrey Kell High School,  Jay M Robinson Middle School, and Polo Ridge Elementary School. Ardrey Kell High School is ranked as the #2 best high school for 2023 in the Greater Charlotte area. Jay M Robinson Middle School is ranked the #6 best public middle school in Mecklenburg County out of 65 middle schools. Polo Ridge Elementary School is rated as the #10 best elementary public school in Mecklenburg County out of 131 public elementary schools. Rankings provided by niche.com)

 

A number of Charlotte area’s top private and parochial schools are also nearby, including Charlotte Catholic High School, ranked the #2 best Catholic High School in the Charlotte area and the #14 best private high school in the Greater Charlotte area. The British International School of Charlotte, which is minutes away from Reavencrest, is ranked the #11 best private school in the Charlotte region for 2023 by niche.com

 

Prime Ballantyne/Blakeney Location:

Reavencrest is located in the heart of Charlotte’s upscale, popular Ballantyne/Blakeney areas. All the shopping you could want is within minutes of the neighborhood, including two large outdoor shopping centers (Blakeney and Stonecrest) which feature grocery shopping, high-end boutiques, spas, casual and fine dining restaurants, movie theatres. Carolina Place Mall and Carolinas Medical Center/Pineville are less than five miles away. Ballantyne Village is also accessible within minutes. All the major medical practices in Charlotte maintain offices in Ballantyne, as well. Also nearby are Trader Joe’s, Ballantyne Country Club, Piper Glen Club, horseback riding facilities in nearby Waxhaw. and so much more.

 

Reavencrest home sales in Charlotte's Ballantyne and Blakeney areas map

 

Reavencrest provides easy commuting/access to the Ballantyne Corporate Park, South Park, I-485, Matthews, Fort Mill, Charlotte-Douglas Airport.

 

All of life’s necessities are minutes from the Reavencrest neighborhood. And if it’s golf you love, there are 20+ golf courses within 10 miles of the community, as well as parks and hiking trails within five miles.

 

SEARCH REAVENCREST HOMES FOR SALE 

 

WONDERING WHAT YOUR REAVENCREST HOME IS WORTH IN TODAY’S MARKET?

Find out what your Reavencrest home is worth if you're thinking about selling your home.

 

Interested In Living In Ballantyne?

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This Charlotte, North Carolina real estate update for Reavencrest home sales in Ballantyne is provided by  Nina Hollander with Coldwell Banker Realty, your Ballantyne neighbor/specialist and Greater Charlotte  area residential real estate expert. I’ve been opening doors for Ballantyne and Blakeney area home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in the Greater Charlotte area, I’d love an opportunity to earn your business, exceed your expectations, and to show you why experience matters and how:

 “The Right Broker Makes All The Difference.”