Congratulations to the Ballantyne area in South Charlotte 28277 for reaching its 15 year anniversary! Ballantyne remains a highly sought-after area for families, young professionals and retirees who enjoy all of the amenities of living in a planned community with a vast array of shopping, dining, entertainment and recreation opportunities.
History of Ballantyne
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 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.
Real Estate Market in Ballantyne
Since its inception in 1996, Ballantyne 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 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 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, check out these fabulous neighborhood listings:
Map of Ballantyne NC
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Ballantyne Real Estate Specialist
Buying real estate in Ballantyne is really about lifestyle choices – finding the best neighborhood, home, school, and location to fit your family’s lifestyle. That’s why it’s important to partner with a South Charlotte Realtor® who will listen to your needs and goals and work tirelessly until you are completely satisfied.
Whether you are thinking about selling your Ballantyne home or would like to buy a home in Ballantyne, I look forward to showing you why I’m not your ordinary South Charlotte Realtor® . I use cutting-edge technology and SEO blogging to market my listings and to attract home buyers who want that South Charlotte lifestyle!
Let me put my knowledge and experience to work for YOU. For more information on how I can best serve your Ballantyne real estate needs, please fill out the online contact form, call, text or email me today. Let’s chat!
Melissa Brown ABR, SFR