Ballantyne Real Estate
Ballantyne area Charlotte NC is celebrating reaching its 15 year anniversary! Ballantyne real estate remains highly sought-after for families, individuals and young professionals who enjoy all of the amenities of living in a planned community with a vast array of shopping, dining, entertainment and recreation opportunities. Ballantyne offers the trendy, upscale lifestyle that appeals to today’s home buyers.
History of Ballantyne Area Charlotte NC
The Ballantyne area in South Charlotte was developed by H.C. “Smoky” Bissell of the Bissell Compnies in 1996, on 2,000 acres centered around the intersection of Highway 521 and Ballantyne Commons Parkway. Ballantyne was truly a visionary development by Mr. Bissell, in that the entire area was developed totally on speculation – not a single contract was written with a single business prior to construction. Today, Ballantyne area Charlotte NC accounts for $1.9 billion in tax value, and zip code 28277 (in which Ballantyne is located) accounts for $9 billion in tax value. Ballantyne Corporate park, a mixed-use development of Class A commercial property, has over 3.5 million square feet of office space, and houses 29 Fortune 500 companies. Within a one-mile radius of the office park is over 2,500 housing units, with an average property value of $388,000! Ballantyne Village features wonderful restaurants, spas, the spectacular Regal Ballantyne Village Stadium 5 Theater, jewelry, YMCA, Jesse Brown’s Adventures, and many other fine retail establishments.
Ballantyne Area Charlotte NC – Real Estate Market
Since its inception in 1996, Ballantyne area Charlotte NC has been a target area for many families seeking beautiful homes on large lots, easy acces to shopping, dining and recreation, golf and tennis, and great public schools. Despite the current housing recession, Ballantyne is witnessing a Charlotte real estate recovery, with average home sales prices creeping upward, and a current market absorption rate of less than 6 months, which indicates a balanced market between buyers and sellers. The Bissell Companies is currently seeking to expand Ballantyne,with a proposed 520 acre project that will add 1 million square feet of office space, 200 hotel rooms, and 600 housing units. Hardly the work of a developer who fears economic stagnation.
Ballantyne Area Charlotte NC – Location
Ballantyne area Charlotte NC is located south of I-485, west of Rea Road, east of the town of Pineville, and north of the South Carolina line. Ballantyne’s proximity to the beltway make it an easy commute to Uptown Charlotte (45 minutes) or to Charlotte Douglas International Airport (30 minutes). Ballantyne is located in the 28277 zip code, which is home to almost 50,000 people. This mostly white-collar area has an average household income of almost $120,000; this socioeconomic factor drives the local economy – Ballantyne is definitely a thriving economic area, and its continued growth proves it.
Ballantyne Area Charlotte NC – Homes for Sale
Ballantyne features the prestigious Ballantyne Country Club, and many other subdivisions with homes ranging in price from $250,000 to well over $1 million. Many families seek out Ballantyne for its luxury living, and others buy a home for sale in Ballantyne for its fabulous location near shopping and entertainment, and for its great public schools, including Ardrey Kell High School.
If you’re looking to buy a home for sale in Ballantyne area Charlotte NC, check out these awesome neighborhoods:
Ballantyne Area Charlotte NC – Market Stats
Ballantyne Area Charlotte NC – Real Estate Specialist
South Charlotte NC is definitely a popular destination for people moving into the area. You’ll find beautiful neighborhoods in Ballantyne and a thriving shopping, dining and recreation scene. Some of Charlotte’s best public schools are located in Ballantyne!
I’m a South Charlotte Realtor® - I live and work here, and it would be my pleasure to help you with your South Charlotte real estate needs. If you are thinking about selling your South Charlotte home, I would love to share my 21-point marketing plan that combines new technology with good old hard work! If you’re looking to buy a home in South Charlotte, please contact me so we can talk about finding the best home and neighborhood for YOU!
Come have a chat with me at our brand new Savvy + Co. Real Estate office in the heart of Ballantyne Village. You’ll soon find out why Savvy just “gets it!” We combine smart real estate with nice people, and what you get is an AWESOME real estate experience! I look forward to hearing from you!Melissa Brown, ABR, SFR Broker/Realtor® 704-654-9700 (cell) Melissa@MelissaBrownHomes.com Savvy + Co. Real Estate 14825 Ballantyne Village Way, Suite 165 Charlotte, NC 28277