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Ballantyne Country Club March Update

April 10th, 2013 Listed Under: Ballantyne, Ballantyne Country Club

Ballantyne Country Club Homes for Sale

This market is red hot!  Popular schools, convenient location and amenities make this a big winner for singles and  families.  Ballantyne Country Club

From early April, there are

11 Active Homes for Sale ,

7 Homes Under contract

5 Closed/Sold in March 2013
On the 5 Homes Sold, the Median List Price was 675,000, the median sales price was $660,000. This was based on an average home of 4,723 square feet, for a SalesPrice/sf of  $170.00. the Median Days on Market (DOM) was 21 days!!! 2 of the 5 Sold were on the market just 2 days!  HOT! 97% SP to List Price

The high was $825,000, the low $466,000- interestingly this 2500 sf house had the highest Sales price per square foot.

ballantyne country club home

So March Sales show distinct improvement in the market from the 6 month average of $151.00/sf reflecting the short supply of homes which is  driving prices up. The top quartile sold from $159- $186/sf, the Lowest from $81/sf to $144/sf.  The lowest  (81/sf) was a foreclosure – one of 2 in the 24 sales over the last 6 months.

So, a very low foreclosure rate, a short supply of homes and rising demand is pushing prices up.  If you are looking to buy a home here, no worries, we are sill well below the average 195/sf and $305 top end of a few years ago.

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519