Archives for March 2016

Spotlight: Lennar’s Southern Trace neighborhood

Located just around the corner from The Palisades on Youngblood Road is  Southern Trace being built by Lennar Homes.

In addition to being convenient to the interstates, restaurants and retail, Southern Trace is convenient to McDowell Nature Preserve, Lake Wylie and Carowinds. Lake access is really close at the Copperhead Island public boat launch next to McDowell Nature Preserve.

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This is a 5-bedroom hardboard-sided home that sold in Southern Trace.

Access to I-485 is approximately 20 minutes away. Charlotte Douglas International Airport is 12 miles from Southern Trace via Steele Creek Road, and Uptown is just under 40 minutes away depending on traffic. If works take you to the Ballantyne area then that is only 15 miles away. The closest everyday shopping is less than 3 miles away at Rivergate just east of McDowell.

Southern Trace has a pool and cabana for resident use.

The community offers several floor plans for 2- and 3-story homes on average size lots of a half acre or smaller.

Lennar is offering plans from two of its different home collections – Traditions and The Hall. Many of the homes feature brick and stone veneer with hardboard siding and large front porches.

Traditions homes are priced from $276,990s to $346,490s and are sized from 2,642 square feet to 4,734 square feet. Homes in The Hall collection start at $355,490s up to $429,990s. They are considerably larger starting at 3,567 square feet to more than 6,000 square feet. These plans include 3-car garages and 3-story homes.

There are 25 homes currently listed for sale in Southern Trace and all are new construction. Fourteen of the homes are under contract as of March 30.

Lennar sold 34 homes in the community during the last 12 months. Because it is a new home community, the sales data is not very useful for analyzing the market for Southern Trace homes, but the homes that have sold are averaging $100 per square foot.

The neighborhood is zoned for Palisades Park Elementary School, Southwest Middle School and Olympic High School.

There are many great Lake Wylie-area communities to choose from and Southern Trace is a great choice, especially if you want to be near Lake Wylie and also convenient to the Steele Creek area or South Charlotte.

Lake life in Belmont’s Misty Waters

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Misty Waters is a gated, waterfront community located along Lower Armstrong Road just before the bridge leading to South New Hope Road and the Daniel Stowe Botanical Garden.

The neighborhood, developed in the early 2000s, gives residents the best of both worlds being located along the waterfront of beautiful Lake Wylie and still officially in Belmont and part of Belmont’s great school system as well as Gaston County’s lower taxes.

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This Doug McSpadden custom home in Misty Waters is reminiscent of Frank Lloyd Wright architecture and combines natural stone and water in its design.

The serene, natural surroundings of the neighborhood were preserved as much as possible in developing lots for building. Additionally, the neighborhood has strict architectural guidelines for construction in keeping with the style and aesthetic of the neighborhood.

It is a short drive from Misty Waters to I-85, I-485 and Highway 74/Wilkerson Boulevard, which makes for a relatively easy commute to Uptown Charlotte for work or play. Charlotte Douglas airport is only about 30 minutes away. For everyday activities, quaint downtown Belmont is less 6 miles to the north.

Homes in Misty Waters must be at least 2,200 square feet and most are on lots of an acre.

Misty Waters has a lakefront clubhouse, swimming pool, walking trails and community boat dock/marina for residents living on interior lots. Waterfront homes have private docks and/or lifts.

Interior homes range in price from the $450,000s to $600,000, while waterfront homes are typically upward of $1 million.

Only 4 homes have sold in Misty Waters in the last 2 years. The average sales price and size of those properties was $716,875 and 4,721 square feet.

Currently, there are 4 properties listed for sale in Misty Waters. None of the properties is under contract as of March 27.

Two of the homes listed are beautiful waterfront properties.

The highest-priced home is listed for nearly $2 million and includes a guest house, dock and boat lift, and more than 6,800 square feet of living space. The other waterfront property is just under $1 million and has an indoor, heated pool, boat lift and is smaller at just under 4,600 square feet. Both are phenomenal properties!

There are also 2 interior homes listed in the $600,000s.

The neighborhood is zoned for Belmont Central Elementary, Belmont Middle School and South Point (N.C.) High School.

Misty Waters is a spectacular waterfront community that gives all residents access to the lake and the beautiful natural setting that surrounds it.

Spring means it is almost time to get on the water and enjoy lake life!!

Find tranquil, waterfront living in Handsmill

If there is magic on this planet, it is contained in water. ~Loren Eiseley

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Water and nature are the driving forces behind Handsmill on Lake Wylie.

No matter how hectic your day or the amount of traffic in your commute, coming home should be the most calming part of your day. Add to it living lakeside in beautiful Handsmill, and your day just got a lot better!

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An outdoor meeting area in a rustic lodge setting.

Handsmill is located on Hands Mill Highway and Highway 49. The community is 15 miles from I-485 and easily accessible to medical facilities, great shopping, dining and Charlotte Douglas airport, which is about 30 minutes away. Nearby recreation destinations include the U.S. National Whitewater Center, Daniel Stow Botanical Garden, McDowell Nature Preserve and historic downtown Belmont.

The nearly 400-acre master-planned community is located in York County on Lake Wylie’s western shore. When completed, it will have approximately 500 homes, as well as plenty of green space and walking trails.

Amenities, some of which are not yet completed, will include two marinas with 60 boat slips, boat launch ramp and boat storage area; common areas and parks; junior Olympic pool; fitness center; gathering rooms with fireplaces; catering kitchen; outdoor fireplace; and children’s playground.

The community is being built in 7 phases and has separate sub-neighborhoods – The Manors, The Abbey and The Pinnacle – that include single-family homes and duplex homees built by Handsmill’s approved team of builders.

Nearest the gated entrance, the Pinnacle at Handsmill is being built by Lennar Homes. It offers single-family homes on smaller, interior lots.

The Abbey is all about lakeside living! The custom homes and wooded home sites are nearest the water. Many of the home sites have dockable waterfront lots. There is a list of lots currently available in The Abbey. They range in size from just under 0.4 of an acre to almost 1 acre. Some are interior, but there are some dockable waterfront lots available.

Homes in Handsmill are priced from the $440,000s and waterfront lots start in the $300,000s. Homes currently listed for sale range from $478,350 for a nearly 4,200-square-foot, 5-bedroom home to $564,900 for a 5,800-square-foot, 6-bedroom home. None listed is waterfront.

There are 7 new construction homes listed in MLS for sale. Only 1 is under contract as of March 23. There are also homes listed on the Handsmill site that are available and not listed in MLS.

A list of neighborhood architectural guidelines are available on the neighborhood’s web site. According to the information provided on the Handsmill site, homes range in size from mid-2,000s to nearly 6,000 square feet. No information was provided regarding future phases in the neighborhood.

Handsmill is zoned for the Clover, S.C., school system, including Bethel Elementary, Oakridge Middle School and Clover High School.

Market spotlight: Masons Crossing on Lake Wylie

Masons Crossing is a waterfront community located in Lake Wylie, South Carolina.   Homes range in size from 2500-5000 square feet with 3 bedrooms and 3 bathrooms to 5 bedrooms and 7 bathrooms.

In Masons Crossing, you don’t have to sacrifice proximity to get waterfront living.  Both I-77 and I-485 are only about 15 miles away, and the subdivision also is convenient to Carowinds, Fort Mill/Rock Hill, and Charlotte-Douglas International Airport.  Masons Crossing is currently zoned for Crowders Creek Elementary School, Oakridge Middle School, and Clover High School.

Over the past year, homes sold in Masons Crossing for an average of about $600,00 and $150/square foot.

Masons Crossing market report

Today, there are 3 homes on the market in Masons Crossing which means there is about 6 months supply in the subdivision.  This puts it in line with the area as a whole and means the market in the area is balanced – neither a strong buyer’s market nor a strong seller’s market.

Housing supply in Masons Crossing

While most of the region is a seller’s market right now, Masons Crossing & Lake Wylie is a great place to look for a waterfront retreat, away from the hustle & bustle of Charlotte but close enough to commute.

The Sanctuary lives up to its name

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Grand estate homes on large lots in a heavily wooded setting is the trademark of Lake Wylie’s The Sanctuary, an exclusive community with just 187 home sites planned on its more than 1,350 acres.

The idyllic Charlotte setting offers both waterfront and interior acreage, with lots ranging from 2 acres to 13 acres. In addition to main homes, the larger lot sizes allow for building additional structures like guest homes and studios.

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This gorgeous, 5,000-square-foot Tudor home sold this month in The Sanctuary.

Amenities include The Camp & John James Audubon Lodge, a 17-acre waterfront area with swimming pools, tennis courts, fitness center and a boating center. The Sanctuary employs a full-time staff to bring neighborhood residents together in social and recreational activities.

The neighborhood is adjacent to Thomas McAlister Winget Park and the North Carolina State Wildlife Landing. It is approximately 5 miles to I-485 at Steele Creek Road. Charlotte-Douglas airport is about 20 minutes away, and a commute to Uptown will take approximately 35 minutes. For everyday shopping, the Steele Creek area is the most convenient from the neighborhood.

There are 15 approved builders for creating custom homes in The Sanctuary. Twenty percent of the land space will remain undeveloped and allows for nearly 20 miles of walking trails, 300 acres of open common space and 7 miles of shoreline on the property.

Currently, there are 9 properties listed for sale in The Sanctuary, one of which is under contract. Seven of the properties are resale homes, and two are pre-construction home plans that can be purchased as land only.

Only six homes sold in The Sanctuary during the last 12 months. Five of the homes were resale and 1 was a new construction home. None was waterfront property.

The average sales price of those 6 homes sold was $811,125 and $168.20 per square foot. The sales averaged 96.6% of list price.

Additionally, there is a unique opportunity to own a waterfront home inside The Sanctuary property that is not governed by Sanctuary deed restrictions. 

Built in 1953, the 1,000-square-foot home is in a prime location that includes a boat lift and dock. It is listed at $450,000 and could be occupied as is or torn down and rebuilt. The lot is nearly 1.2 acres. It is a fantastic chance to live within the beauty of The Sanctuary without the steep price or restrictions.

The family-friendly neighborhood is zoned for Charlotte’s Winget Park Elementary School, Southwest Middle School and Olympic High School.

Lake Wylie sales prices up, inventory down

The year-over-year average sales prices of Lake Wylie homes was up for February, as the housing inventory dipshomesales.

According to data from Carolina Multiple Listing Services (CMLS), the average sales price of a Lake Wylie home rose 12.7% to $364,108 from $323,195 a year ago. Median home sales prices were also up to $320,548, a 10.4% increase from year-ago figures.

The Lake Wylie area has just 4.5 months of market inventory. That is a drop of more than 10% from February 2015 but actually up slightly from 4.4 months inventory in January 2016. Inventory of 6 months represents a balanced market that neither favors the buyer or seller. Less than 6 months inventory is considered a seller’s market.

In February 2016, there were 369 homes actively listed for sale, down from 404 a year ago.

The percent of original list price received dropped slightly from February 2015 to 94.4% from 95.2%. Typically, low inventory drives demand and higher closing prices. Theoretically, the percent of list price should come up if inventory continues downward. However, the market does tend to pick up in the Spring months, which may tip the scales toward more of a balanced market.

Days on the market, which is measured from date listed to under contract, for Lake Wylie homes was unchanged at 107 from February 2015.

As a whole, York County year-over-year figures for February were as follows: Average sales price: $231,877, up +0.9%; Median sales price: $190,500, -5.9%; Months inventory, 2.7, -28.9%; Inventory of homes for sale: 940, -21.4%; Days on the market, 69, -9.2%.

February inventory dropped for the entire CMLS region, which includes 8 counties around the Charlotte metro area. There was just 2.8 months of inventory, a dip of nearly 35% from last year.

Neighborhood spotlight: York’s Bethelfields

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This 4-bedroom home in Bethelfields sold for $264,000 in 2015.

The mature neighborhood of Bethelfields located in York has great amenities, location and school zoning.

Homes in Bethelfields were built in the early 2000s by a variety of builders such as Lennar Homes, Don Galloway and K. Hovnanian Homes.

The neighborhood is on the western shore of Lake Wylie near the intersection of highways 55E and 274 (Hands Mill Highway). A small farm separates the neighborhood from the roadway and gives the majority of the homes in Bethelfields some setback from road noise.

It is about 45 minutes to both the airport and Uptown depending on the route and traffic and is convenient to both Rock Hill and Gastonia. Just north of Bethelfields at Highway 557 are many dining and shopping options, a Wal-Mart Super Center and Lowe’s. The local coffee shops, Crowders Creek Coffee Co., is just a 1.5 miles down the road for a cup of fresh-roasted fair trade coffee.

Inside Bethelfields, the amenities include a pool, 3 playgrounds, picnic tables and sidewalks throughout. There is also storage available to residents for boats, trailers and RVs. Lake access is conveniently located 5 miles south at the Allison Creek ramp.

Homes are reasonably priced in the high $100,000s to mid- to high-$200,000s. Most of the homes are size from 2,100 to 3,100 square feet.

The average sales price of a Bethelfields home during the last 12 months is $227,512 and about $86 per square foot.

Approximately 1.4 homes sold each month in the neighborhood during the last year. Currently, there are 4 homes listed for sale in Bethelfields, which given market data for the last year, is 2.8 months inventory.

York has nearly 11 months of inventory, and York County has nearly 7 months of inventory. Bethfields is still very much a seller’s market at its current inventory.

Home sales average just over 97% of list price in the neighborhood.

Bethelfields is zoned in the desirable Clover School District for Bethel Elementary, Oak Ridge Middle School and Clover High School.

Hawthorne: Beautiful homes in historic Belmont

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Lovely Hawthorne Park is the unofficial town center of Belmont’s Hawthorne neighborhood.

Just a quick walk from historic downtown Belmont is Hawthorne, which bills itself as Gaston County’s first traditional home development.

The land, located between South Main Street and Keener Boulevard, is the original location of the mill homes for employees who worked at Pharr Yarns’ Imperial Mill.

In 1999, the owners of Pharr Yarns began developing Hawthorne with the idea of keeping the close-knit community feeling of the old mill village. With their builder, they created a neighborhood of 26 luxury town homes and 72 single-family homes. The project was completed in 2007.

All the residences include private courtyards, rear-facing garages with access from alleyways, brick construction and porches. Hawthorne Park with its walkings trails also serves as the centerpiece of the community.

Welcome to 100 Cliveden Court

This gorgeous brick home sold in 2015.

Single-family homes originally sold for $250,000 to $600,000. Townhomes ranged from $245,000 to $350,000.

Currently, there are 2 single-family homes listed for sale in Hawthorne. Both homes were built in 2006 and are similar in size at about 2,400 square feet.

In the last 12 months, 7 single-family homes have sold in the Hawthorne neighborhood or an average of 0.6 homes per month. Current inventory for the neighborhood is 3.4 months.
The average for all of Belmont is 4.3 months. Gaston County is at 5.5 months inventory.

The average sales price of a Hawthorne home is $417,200 and nearly $135 per square foot.

Hawthorne is just 20 minutes from the Charlotte Douglas airport and a little more than 30 minutes from downtown Charlotte. Just north on Keener Boulevard is Wilkinson Boulevard and I-85. Both provide convenient access to the city.

Just a quick walk outside Hawthorne is the quaint downtown Belmont area. It is home to local boutiques and restaurants as well as several parks within walking distance. The U.S. National Whitewater Center is just 9 miles to the northeast. Belmont is home to Belmont Abbey College and the Daniel Stowe Botanical Garden, among other wonderful recreational options and destinations.

The neighborhood is zoned for Belmont Central Elementary School, Belmont Middle School and South Point (N.C.) High School.

Spotlight: The Coves on River Oaks

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The beautiful Coves on River Oaks offers residents large home lots in a peaceful lakeside setting.

Developer May Green Properties planned the 250-acre neighborhood that has just 160 home sites. It is located just north of the intersection of highways 557 and 274. It’s just 2 miles north of the Buster Boyd Bridge.

Aside from the proximity to Lake Wylie and all it has to offer, the neighborhood has walking trails and lots of common area green space. Additionally, it is close to local shopping, dining and restaurants.

Veranda Classic Homes has 6 floor plans to choose from or buyers can choose their own builder for a 3,000-square-foot minimum home size. The homes are priced from the high $400,000s to the $700,000s.

A custom Craftsman-style home that sold in The Coves on River Oaks last year.

Some of the custom builders in The Coves are MJ Palmer Construction Co., Aspen Homes, Beckham Custom Homes and Holmes Construction.

The first 3 phases of the community sold out, and May Green is offering “estate” lots of 4 to 10 acres in size. Even the standard home size lots of 1.4 to 3 acres are large compared to most planned community lots. There are no waterfront lots but many water view lots.

Currently, 8 homes are for sale in The Coves on River Oaks. One home is a 2010 resale home and the rest are new construction. Three are under contract as of March 1.

Only 4 of the 9 homes sold during the last 12 months were resale homes. The average sales price was $582,478, with an average price per square foot of just under $139.

Resale homes sold for an average of 94.5% of list price. The overall sales average was 97% of list price.

Fewer than 1 home sells per month in The Coves, which puts inventory at more than 8 months. Nearby neighborhood The Landing has 9 months of inventory and 9 homes currently listed for sale.

The Coves on River Oaks is zoned for Crowders Creek Elementary, Oak Ridge Middle School and Clover High School.