Archives for April 2016

Lake Wylie, Charlotte inventory continues to drop in March

Inventory is low across the entire Carolina Multiple Listing Service area. This includes the Lake Wylie area, which saw inventory levels drop by 20% in March from year-ago figures.  low-inventory

Homes for sale in March dropped to 361 from 451, according to monthly statistics released by the Carolina Regional Realtor Association.

The lowered inventory and rising demand also reduced time on market for Lake Wylie-area homes, which dropped 36% to 76 days. Year-to-date days on market also dropped by 16% to 89 days from 106 days for the same period in 2015.

The average price of Lake Wylie-area homes remained largely unchanged at $350,787 for year-over-year, while the year-to-date average sales price rose 15% to $361,960.

This is a sign of increased demand in a time where there is not enough on the market to satisfy buyer needs. There was only 4.4 months inventory in March, which is a drop of 2 months from March 2015.

The reality is most sellers are also buyers, which makes listing a house a scary prospect if you are not sure you can find the ideal home to move into. That could be one factor in the 30% drop in new listing for March. Year-to-date new listings were down 15% to 338 from 2015.

In Mecklenburg County as a whole, the number of new listings was nearly unchanged from a year ago at 2,435, and the average sales price jumped 4.3% to $280,665. Where Mecklenburg Co. took the biggest hit was in inventory, which fell nearly 42% in March to 1.8 months. Days on the market dropped to 51.

The City of Charlotte saw inventory fall to below 2 months as well (1.7 months), while the average sales price jumped 2.2% to $271,386. New listings dropped by almost 5% to 1,891 for March.

Spotlight: At home in Rock Hill’s Water Edge

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Located at the southern end of Lake Wylie off Mt. Gallant Road, the secluded neighborhood of Water Edge in Rock Hill offers large, wooded lots and beautiful views of Lake Wylie’s open water.

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The view from the Water Edge pool!

When relaxing at home in Water Edge you might feel a million miles from civilization, but amenities and I-77 access are just 3 miles from home. Everyday shopping necessities and some dining options are located just 5 miles from Water Edge.

A commute into metro Charlotte is about a 45-minute drive from the neighborhood without traffic. If work takes you to the Ballantyne area then that is about 18 miles (30 minutes) from Water Edge. Central Rock Hill is about 8 miles south of the neighborhood.

Life in Water Edge, like any Lake Wylie waterfront community, revolves around lake life, especially in the summer. Adjacent Ebenezer Park has boat ramp access, and Lake Club Marina offers boat slip rentals for owners without direct water access. Westminster Park is 5 minutes away and has walking trails, athletic fields and more open green space to enjoy.

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This gorgeous custom-built Water Edge home sold in 2015.

Water Edge has a pool and clubhouse for residents to use, both of which overlook Lake Wylie.

Water Edge offers water view, waterfront and interior home lots. The highly desirable neighborhood does not have much turnover, and its waterfront homes go quickly!

Home prices for interior lots average around $400,000s to $500,000s. Home sizes start around 2,200 square feet and exceed 4,000 square feet.

Only 4 homes sold in Water Edge during the last 12 months for an average sales price of $415,000 and $122 per square foot. Sales price average nearly full list price. One of the homes sold in 2015 closed at 1% over list price.

There are only 2 homes for sale in Water Edge currently, and 1 is under contract as of April 24. There are new construction homes that were recently completed in Water Edge, but both homes listed were built when the neighborhood was started in the early 2000s.

The neighborhood is zoned for York County’s Mount Gallant Elementary School, Dutchman Creek Middle School and Northwestern High School. Both the elementary and middle schools are less than a mile from Water Edge!

York Co. OKs housing freeze

The York Co. Council gave a preliminary nod to a plan that would temporarily prohibit residential rezonings in several areas around Fort Mill and Lake Wylie, according to a Rock Hill Herald report.

The ban would apply to land in the Fort Mill area between the Catawba River and Indian Land, excluding land in the municipal limits of Fort Mill and Tega Cay. It would also prevent the county from accepting any new site plans through 2017.

The council approved the ban 5-2.

Councilman Michael Johnson of Fort Mill who proposed the ban wants to use the time the ban is in effect to devise more permanent changes to building ordinances for the area, which has seen tremendous growth in the last decade. The freeze would allow time to review a road and land use plan, according to the report.

Residents in Lake Wylie, Fort Mill and Tega Cay, the fastest-growing areas, have been voicing complaints regarding increased traffic, new development and crowded schools for some time.

Not only will the proposed freeze slow growth as it is intended, but builders worry about the impact it will have on jobs. If residential growth stops then retail growth slows and the steady work stops.

Crescent Communities’ planned development Masons Bend will not be impacted by the building ban, which applies only to the unincorporated areas of Bethel and Fort Mill townships. It does not appear the company’s Paddlers Cove development on the western shore in Clover will be impacted either.

The county Planning Commission will review the ban on May 9 before a public hearing May 16.

Spotlight: Lake Wylie-area Chapel Cove

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Located in the fast-growing Steele Creek area of Charlotte, Crescent’s master-planned community of Chapel Cove is ideally located to take in the beautiful scenery along Lake Wylie’s shores and keep you connected to city life!

The lakeside community of Chapel Cove is located on a northern cove of Lake Wylie near the Catawba River. It is located off Shopton Road West between Thomas McAlister Winget Park and the North Carolina State Wildlife Landing near The Sanctuary.

Westinghouse Boulevard and Steele Creek Road is just a short drive north on Shopton Road West. I-485 access is convenient at Steele Creek Road near Charlotte Premium Outlets, a fantastic place to pass an afternoon shopping!

A trip to Charlotte Douglas airport will take about 20 minutes, and Uptown Charlotte is approximately 25 minutes without traffic.

Access to Lake Wylie is conveniently located to the south at Copperhead Island boat launch.

If motorized watercraft do not interest you then Chapel Cove has a private canoe and kayak launch so residents can enjoy some of the lake’s 325 miles of shoreline and nature. In addition, Chapel Cove has a pool and splash pool, gym, walking trails and tennis, basketball and pickleball courts.

Chapel Cove’s builders are CalAtlantic (formerly Standard Pacific), Pulte Homes and Taylor Morrison Homes. Homes range in size from 2,500 square feet to nearly 5,000 square feet. New construction prices start in the $200,000s and $300,000s depending on builder and home style.

There are only 2 resale homes on the market in Chapel Cove as of April 17. One of the homes is a 4,700-square-foot home built in the first phase of Chapel Cove in 2008 and is listed at nearly $600,000. The other home is about 3,500 square feet and is on an acre lot. It was built in 2012.

The remaining 14 homes listed for sale in Chapel Cove are new construction.

None of Chapel Cove’s lots is waterfront.

Only 1 resale home has sold in Chapel Cove during the last 12-month period. The home, built by CalAtlantic in 2012, is 3,700 square feet and sold for $480,000 and 97% of list price.

The neighborhood is zoned for Winget Park Elementary, Southwest Middle School and Olympic Community of Schools. There are also several area magnet and private schools.

Chapel Cove provides the best of both worlds for those wanting to be near nature and find peace and quiet and also have access to a large metropolitan area nearby.

A look at Belmont’s secluded Lakewood neighborhood

The Lakewood neighborhood of Belmont is a great enclave of smaller homes located west of historic Belmont near Goat Island Park.

Lakewood is a quiet, mature community on the heavily-wooded peninsula formed by the South Fork Catawba River.

The neighborhood is a mix of small, older homes built in the 1940s through the 1980s with styles that range from traditional brick ranches and two-story homes to more contemporary homes. Many of the homes need updating or a little TLC, but the majority has been well maintained. lakewood

Lakewood is ideally located south of Wilkinson Boulevard and I-85 in close proximity to Cramerton and historic downtown Belmont. Its prime location makes it easy to shop for everyday necessities or grab a meal out. Downtown Belmont is less than 3 miles away. A trip to Charlotte Douglas airport is about 15 minutes, and an Uptown commute is less than 30 minutes without traffic.

Unlike newer planned communities, Lakewood does not have any amenities for residents. However, its proximity to Charlotte, Belmont and Gastonia give residents plenty of options for shopping, dining, fitness and getting outside to enjoy nature.

Kings and Crowders Mountain state parks are to the west on I-85, both about 30 minutes away. For running or biking trails or riding the rapids, the U.S. National Whitewater Center is only a 20-minute drive from Lakewood.

If you want to head out on Lake Wylie for the day, public boat ramp access is 8 miles south on Southpoint Road.

Homes in Lakewood are priced in the $100,000s to mid-$200,000s. There are a wide variety of home sizes, though few homes are larger than 3,000 square feet and most are less than 2,200 square feet.

A total of 11 homes sold in Lakewood during the last 12 months, and there are currently no homes listed on the market.

The highest price of a home sold in Lakewood during the last year was $242,400. The lowest price was $115,000.

The average price of homes sold is $163,629 and approximately $90 per square foot. Sales averaged about 96% of list price.

Homes in Lakewood are zoned for Gaston County’s Belmont Central Elementary, Belmont Middle School and Stuart Cramer High School, which is a short walk from any home in Lakewood.

There are truly some great older homes in Lakewood in an area that is protected from further development due to the river around it and the park space to the south.  If you want a quiet, mature place to make a home and raise a family, then Lakewood is definitely worth a look!

Luxury waterfront in Belmont’s Reflection Pointe

The Belmont community of Reflection Pointe is an upscale, gated neighborhood on the tip of the peninsula formed by the Catawba and South Fork rivers.

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This beautiful waterfront property sold in 2015.

The waterfront community is just 10 minutes south of historic downtown Belmont via Southpoint Road and has 362 home sites for your perfect custom home. You can bring in your own builder or choose from the community’s list of approved builders. There are many homes already built but also many lots available.

Reflection Pointe’s location is fantastic with only a 30 minute commute into Center City and about 25 minutes to Charlotte Douglas airport. Both Wilkinson Boulevard and I-85 can bring you to I-485 loop.

Community amenities include a freeform, lagoon-style swimming pool, clubhouse, lighted tennis courts, paved walking trails, recreation field, playground and a marina with deeded boat slips and a sandy beach.

Some of the builders that have built custom homes in the neighborhood are McSpadden Custom Homes, Rouse Builders and Yeary Homes.

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The view from one of the waterfront homes in Reflection Pointe.

Interior homes start in the $400,000s, and waterfront homes are $900,000 and up. Lots are priced from $150,000 to $450,000 for dockable waterfront and $50,000 to $100,000 for interior lots.

Three resale homes sold during the last 12 months in Reflection Pointe for an average sales price of $845,000 and $162 per square foot. Two of the homes sold were waterfront properties; one sold for $1.3 million and the other $870,000. The interior home sold for $365,000.

There are currently 8 homes listed for sale in Reflection Pointe.

Four of the properties are waterfront – 3 resale homes and 1 pre-construction home. The waterfront home list prices range from $839,000 to $1 million. Two are under contract as of April 7.

One beautiful water view resale home is listed for $850,000.

The remaining 3 homes for sale are interior resale homes and range in list price from $499,900 to $630,000.

For information regarding building lots, see the Reflection Pointe HOA web site.

Homes in the neighborhood are zoned for Gaston County’s Belmont Central Elementary, Belmont Middle School and South Point (N.C.) High School.

Spotlight: The Vineyards on Lake Wylie

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A beautiful manicured lawn surrounds the lighted entrance to The Vineyards.

The Vineyards on Lake Wylie is a single-home and condominium community that offers waterfront living while still being minutes from Charlotte Douglas airport, Uptown and historic downtown Belmont.

Located west of the airport on the peninsula adjacent to Belmont, The Vineyards is just south of Wilkinson Boulevard and west of I-485.

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Waterfront home sites with docks awaiting building!

Have no fear of airport noise! With flight paths traveling parallel to the neighborhood, there are no low-flying aircraft over The Vineyards to disturb your peace and quiet!

Including a great location on the water and near the city, the neighborhood offers waterfront homes and a 50-slip marina for boat storage.

Neighborhood amenities include a dog park, walking trails, boat slips and docks, playgrounds, pool with water slide and clubhouse with community room.

The D.R. Horton community, which started going up in 2009 with the condominium construction, is geared toward both families and empty-nesters with two distinct neighborhoods.. Though not age restricted, one section features ranch homes or master bedroom down plans for active adults. Lawn care is included in the HOA fees for those homes.

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A walking trail meanders past the resident boat slips.

The Napa Cottages, Kenwood Villas and Salinas Estates. The homes range in size from 1,356 square feet to 2,755 square feet and start in the $230,000s. Kenwood Villas are attached residences, with 4 homes per building and 2-car garages. There are 6 ranch plans for single-family, detached residences.

In its family-oriented neighborhood, The Vineyards has 8 2-story home plans ranging in size from 2,500 square feet to 3,205 square feet. Prices start in the $250,000s.

Calistoga is the neighborhood’s larger family floor plans that start at 2,560 square feet and $249,000. All the plans have 4 bedrooms and attached 2-car garages. Most plans include a large first-floor family room and 2nd floor bonus space. The Cambridge plan offers a third level and expands the home to 6 bedrooms and 2 bonus spaces.

Waterfront properties currently listed on The Vineyards’ site are priced from just under $451,000 to $536,000.

There is no sales data available on the single-family home portion of The Vineyards yet, however, the townhomes are selling at an average of 1.7 per month during the last 12 months for an average price of $277,245 and $124 per square foot.

There are currently 46 townhomes listed for sale in The Vineyards, both new construction and resale residences. Nineteen are under contract as of April 5.

There are many nearby destinations outside The Vineyards. Metro Charlotte is a 20-minute commute. Downtown Belmont and the U.S. National Whitewater Center are both about 15 minutes away. Toward the west are Kings Mountain and Crowders Mountain state parks.

If you love the idea of staying near the city and not making a move further south to the Tega Cay area then The Vineyards on Lake Wylie is a perfect compromise of seclusion and convenience for nearby shopping, dining and activities. With active adults in mind, there is surely a home to fit every family!

Neighborhood spotlight: Clover’s Tullamore

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Great Clover schools, lower taxes and nearby Lake Wylie are just a few of the reason to take a look at the Essex Homes community of Tullamore in Clover!

Tullamore is just south of Autumn Cove and Crowders Creek Elementary School off SC 49/274.

Just 5 miles from the state border, Tullamore is convenient to all the lake-area amenities as well as 25 minutes from I-485/I-77 interchange near Westinghouse Boulevard. Nearby recreational destinations include Daniel Stowe Botanical Garden, McDowell Nature Preserve and Crowders and Kings mountain state parks.

Shopping and dining is very close just north of Tullamore at the intersection of Highway 557. There is a Lowe’s, WalMart as well as restaurants, banks and a grocery store. Further east on 49 there are even more dining options before crossing the Buster Boyd Bridge toward McDowell Nature Preserve.

For boaters, there is access near the Buster Boyd Bridge and Lake Wylie Marina.

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An Essex Home in Tullamore

Neighborhood amenities include a picnic area and playgrounds.

Essex Homes is in the process of building out the 101 home sites in Tullamore, and only new construction is available.

The homes in Tullamore range from 2,100 square feet to 4,096 square feet and are priced starting in the $300,000s. Both ranch and 2-story homes are available in Tullamore on generously-sized lots. Essex is offering 10 home plans with a range of customizable options.

There are currently 11 homes listed for sale in Tullamore. Only 2 homes are under contract as of March 3.

A total of 7 homes have sold in the last 12 months in Tullamore. The average sales price for the homes that have sold in Tullamore is $308,409 and less than $96 per square foot.

The neighborhood is zoned for Crowders Creek Elementary School, Oak Ridge Middle School and Clover High School.

Essex Homes is also building homes in The Bluffs and Handsmill on Lake Wylie.