Charlotte NC Real Estate Market Report – Zip Code 28277
The Charlotte NC real estate market is showing a positive recovery, especially in zip code 28277. The addition of several stellar businesses including MetLife and XPO Logistics, has contributed significantly to that trend.
According to Realtor.com, Charlotte’s zip code, 28277 is one of the top 5 most searched zips in the nation. With the addition of MetLife and XPO Logistics, as well as other additions in the Steele Creek area, Ballantyne (28277) has become one of the hottest zips in the U.S.
As of today, February 3, 2014, there are 264 homes for sale with 187 homes currently in Escrow. 654 homes have sold in the past 6 months in zip code 28277 with an average sales price of $312,794 (includes land, condos/townhomes and single family homes) and 66 days on the market.
Sold homes in Zip Code 28277 have increased 22% year-over-year and 64% since 2012, making this one of the best turn-around zip codes in the city!
Below are the current active listings in zip code 28277 by price range. Note all listings include land, condo/townhome and single family homes.
Below are the number of units sold by price range during the past 12 months.
Below are the total monthly sales in zip code 28277 during the past 13 months. Due to reduced inventory, January 2014 sales are considerably less than January, 2013. Low inventory continues to be a problem for buyers actively seeking housing in the 28277 zip code.
List to sales price ratios in zip code 28277 continue to improve, ranging now between 96% – 96.7%, depending upon the price range.
Zip Code 28277 average price per square foot varies from $98 – $144/SF, depending upon the sales price range.
Data provided by CMLS; deemed reliable but, not guaranteed.
Searching for homes for sale in South Charlotte‘s Zip Code 28277? We have several coming on the market shortly and know that there are others as well. Stay tuned for more hot new homes in zip code 28277.
Search all homes for sale in Zip Code 28277