South Charlotte Ballantyne in 28277- Homes For Sale
April 1st, 2009 Categories: Charlotte Homes for Sale, Community Reports
Homes Sold, Homes for Sale, 1st Quarter Market Report: Ballantyne
Ballantyne, Ballantyne Country Club and Ballantyne Resort fill the center of the rapidly growing Ballantyne area- home to great restaurants, a large business district, and convenient to the rest of south Charlotte. I went to a meeting there today and in the center court of 3 mid-sized buildings, was a putting green. Perfect.
The median Sold cost per square foot on the 8 homes was $154.00. Ballantyne has several sub markets- on the golf course gets a premium of course.
| Total Bedrooms | Total Baths | Street Name | Total HLA Range | Original List Date | Listing Date | List Price | Sales Price | Cost /sf | %Sale/List |
| 5 | 6 | Ney Manor | 6733 | 02/20/2009 | 02/20/2009 | 1099000 | 900000 | 133.67 | 81.89 |
| 4 | 5 | James Jack | 4451 | 01/03/2009 | 01/03/2009 | 699900 | 646000 | 145.14 | 92.3 |
| 5 | 4 | Ballantyne Crossing | 3791 | 10/01/2008 | 10/01/2008 | 599900 | 572450 | 151 | 95.42 |
| 4 | 5 | Jockeys Ridge | 4267 | 10/15/2008 | 10/15/2008 | 698000 | 660000 | 154.68 | 94.56 |
| 5 | 6 | McCullers | 7010 | 03/28/2008 | 03/28/2008 | 1499000 | 1240000 | 176.89 | 82.72 |
| 5 | 4 | Ballantyne Crossing | 5288 | 10/27/2008 | 10/27/2008 | 1039500 | 955500 | 180.69 | 91.92 |
| 5 | 6 | Catherines Mine | 5300 | 11/12/2008 | 11/12/2008 | 1149500 | 1100000 | 207.55 | 95.69 |
Ballantyne Homes For Sale
In the 1st quarter, 41 new listings came on the market, bringing to a total to 57 homes for sale, from $514,900 to $3.2M, of these:
There were 18 homes for sale for under $750,000
There were 21 homes for sale for under $1M, but more than $750K
There were 18 homes for sale for over$1M, and 6 homes are listed above $1.5M
Absorption numbers don’t make too much sense because January and February are such low sales months normally. Obviously it is a strong buyers market.
Home Prices show Strength in Ballantyne
Homes sold were off 30%, prices 1% comparing 1st quarter 2009 to 1st quarter 2008.
Average cost per square foot sold in 2008, was $205.00. In 2009, it was $203. Minor.
This report is a simple summary of the comprehensive price analysis provided to our clients. Knowledge is power and a great strength in any negotiation. This is what I bring to bear in negotiations for our clients.
Skilled Buyer Agents make great deals happen.
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