In a city full of bright real estate "hotspots" Ballantyne, both Ballantyne Country Club, Ballantyne Corporate Park and the whole zip code of 28277, is just booming.
Inside the Ballantyne area, the best residential property is built out, and the action is in the Corporate Park where Bissel Co successfuly build spec office buildings, and local and national business are flocking there. Development is spreading rapidly eastward on Ardrey Kell Rd all the way to Providence Road with the massive Waverly Project on Rt 16 Providence Rd just outside (like Ballantyne) the intersection Of Providence and 485.
We have two major north-south roads in Johnston-Park Road, and Providence that provide alternate routes to 485 for commuters, but also entry to the city. In the Washington DC area Ballantyne reminds me of Tysons Corner, 30 years ago.
Lets look at the numbers in 28277, the hottest zip code in the city, one of the hottest in the nation.
But what about Ballantyne Country Club? It appears, BCC did not do as well in Q3. The best guess is this was caused by the extreme shortage a year ago in properties available, just 1/2 this year's sales, and that drove prices up. Why? Because of supply and demand, and sales prices in Ballantyne are not going down. A check of the year to date numbers shows they are not going up either, through Q3 2015, the median Price /sf is unchanged from the first 9 months of 2014, and the Average Sales price is up 1.9%. Statistically almost within the margin of error, with nearly 25% more home sales in 2015. The range of price per square foot you ask? 2014: $112-$236 and 2015: $128-$215
As I've written before, this Median price per sq foot is excellent for comparing big picture data- neighborhoods, cities etc.- but can't predict what you'll pay for a particular house. You need to review the most comparable properties to the one you are interested in, and then adjust for the size, features and condition.
Ballantyne has a bright future. As our most advanced "ring" city the live-work appeal is powerful, not to mention some of the best school clusters in the city of Charlotte.
The McDonald Group at Wilkinson ERA is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
The Group's core values are all about integrity and market expertise. We look out for their clients interest above all others. We are a learning organization, and big believers in training and lifetime learning. Sellers know us for our technological savvy, our aggressive marketing, and the ability to consistently beat the averages in Days on Market. Buyers love us, we never pressure anyone, yet were able to save our Buyer clients 44% off the market average in 2013- and now that the market has changed we win more than our fair share of multiple offer situations.
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"Relocating to Charlotte from California, we were unfamiliar with the area. Bobby was more than accommodating when it came to showing us homes in different areas. He made us feel relaxed & was always patient with our energetic little ones! He helped us propose a fair offer on a beautiful home & we are indebted to him for the flexibility & know-how he exhibited through the whole process. We love Bobby!"