Reavencrest Real Estate Report: 2024 Recap
Reavencrest Real Estate Report: 2024
Reavencrest Home Sales Snapshots For 2024 & Each Quarter In 2024
Reavencrest single family home sales in 2024 increased 25% to 15 homes, year-over-year. Average home sale price increased 14% from one year ago. Median home sale price increased 22% from one year ago. The average price per square foot increased 15% to $281, year-over-year. Average days on market were 20, unchanged from the prior year. The list to sale price ratio of 101.2% was also unchanged from one year ago. The months supply of inventory stood at just o.13 months in 2024, down 24% year-over-year, keeping Reavencrest single family homes in seller “territory.”
REAVENCREST 2024 HOME SALES SNAPSHOT:
SINGLE FAMILY HOMES
Reavencrest single family home sales in Quarter 4-2024 increased 67% to 5 homes, compared with the same quarter one year ago. Average home sale price increased 14% from one year ago. Median home sale price increased 21% from the sale quarter one year ago. The average price per square foot increased 12% to $285, year-over-year. Average days on market were 38 in Quarter 4-2024. The list to sale price ratio declined 2% from one year ago to 98.2% in Q4-2024. Compared with one quarter ago, the list to sale price ratio declined 2.6%. The months supply of inventory stood at just o.4 months in Q4-2024, keeping Reavencrest single family homes in seller “territory.”
REAVENCREST HOME SALES SNAPSHOT: QUARTER 4 – 2024
SINGLE FAMILY HOMES
REAVENCREST HOME SALES SNAPSHOT: QUARTER 3 – 2024
SINGLE FAMILY HOMES
REAVENCREST HOME SALES SNAPSHOT: QUARTER 2 – 2024
SINGLE FAMILY HOMES
REAVENCREST HOME SALES SNAPSHOT: QUARTER 1 – 2024
SINGLE FAMILY HOMES
Reavencrest townhomes remained a home seller’s market in 2024, with just four townhomes selling in the entire year. Average sale price increased 7% year-over-year, while the median sale price increased 8%. Price per square foot increased 5% to $245 compared with one year ago. Average days on market declined 38% year-over-year to just 5 days. The list to sale price ratio increased 2% from 2023 to just under 101%.
REAVENCREST 2024 HOME SALES SNAPSHOT:
TOWNHOMES
After no Reavencrest townhome sales in Quarter 3-2024, the fourth Quarter saw one sale (flat compared with the same quarter one year ago). Compared with average and median home sale prices in the same quarter one year ago, home prices increased 4%. Price per square foot increased 3% to $250 in Q4-2024. While the average days on market increased 25%, they were still low by any measure at 10 days. The list to sale price ratio was also unchanged from the same quarter in 2023 at 100.1%.
REAVENCREST HOME SALES SNAPSHOT: QUARTER 4 – 2024
TOWNHOMES
No Reavencrest townhomes sold in Q3-2024, declining from one home sale in the quarter ended June 30, 2024. No new listings were available as of September 30, 2024.
REAVENCREST HOME SALES SNAPSHOT: QUARTER 2 – 2024
TOWNHOMES
REAVENCREST HOME SALES SNAPSHOT: QUARTER 1 – 2024
TOWNHOMES
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
One 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.
Community 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. 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). Effective the 2024/2025 and 2025/2026 school years, Reavencrest students in grades 9,10, and 11 will be attending the new Ballantyne Ridge High School. Grade 12 students will remain in Ardrey Kell High School.
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 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?
Interested In Living In Ballantyne?
SEARCH GREATER CHARLOTTE AREA HOMES FOR SALE
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.”
