Archives for March 2017

Philly food comes to Lake Wylie

New dining options seem to be popping up all over town in Lake Wylie, and it is always exciting when there is a new type of food for residents to enjoy that wasn’t previously easy to find.
A new restaurant just opened that will make Philadelphia transplants and cheesesteak lovers alike very happy. Now, Lee’s Hoagie House has roots in Lake Wylie, South Carolina.

It is the first franchise for the company to open outside of the Philadelphia area, and with Lake Wylie not having a cheesesteak and hoagie dining option, the company thought the town seemed like a great fit to move to. Furthermore, Lee’s plans to open a location in Asheville in the next three months, with a possible Charlotte location on the horizon as well. The Charlotte region is known to be home to many transplants from the northeast region, so the move for the company to this area of the country seemed only natural.
The Lake Wylie location of Lee’s Hoagie House will be located at 312 Bulkhead Way, Suite 101, in Lake Wylie Commons.

Lee’s Hoagie House has been serving cheesesteaks and other hoagie sandwiches in and around Philadelphia since 1953.  For more information on the new sandwich shop in town, be sure to read the full article that CharlotteObserver.com.

Open House: 14 Woodvine Lane in Clover

An absolutely stunning home in the River Hills neighborhood is on the market at 14 Woodvine Lane, and you won’t want to miss it. This spacious home with four bedrooms and three bathrooms totals almost 2,100 square feet.

Everything in the home has been renovated and updated to perfection. There are hardwood floors throughout the home, a
fireplace in the family room, vaulted ceilings, crown molding, beautiful stainless steel appliances, large walk-in closets, bathrooms with modern finishes, carpeted bedrooms, and a large deck. The home is situated on a third of an acre and features plenty of trees and yard space.

River Hills is a desirable gated community with a country club, golf course, full-service marina and more, and it features resort-style living all year round. Furthermore, River Hills is located in Clover, and thus, residents can take advantage of one of the best school districts in the state, as well as South Carolina’s lower taxes. Plus, the neighborhood is conveniently located to all of the recreation that Lake Wylie has to offer.

This family-friendly neighborhood and home are waiting for you to make it yours, and at $359,000, interested buyers will want to act quickly.

Be sure to check out our Open House this Saturday, March 25, from 1 PM to 3 PM at 14 Woodvine Lane. This is a beautiful one-of-a-kind opportunity that you will not want to miss.

For more information on this property, visit LKWRealty.com.

Monthly Market Update: February

Let’s take a look at the real estate market stats for February for the entire CarolinaMLS Area, according to the Charlotte Regional Realtor Association.

Inventory for the Charlotte region is still incredibly low, and was down 28.1% last month as compared with February 2016. However, it is worth noting that even though closed sales were only up .5% in year-over-year numbers, pending sales are up 18.4%, indicating that closed sales are going to pick, as well.

Lake Wylie’s inventory numbers are fairly similar, with a 20.6% drop in year-over-year  numbers for the months supply of inventory available. However, closed sales are down 25.4% for the area, and pending sales are only up 7.5%.

There is better news for Fort Mill and York County as a whole, though, in terms of pending sales and market activity, where February saw an increase by 44.4% and 43.3% respectively, as compared with pending sales from February 2016.

Even though sales have been slow, the notable number of pending contracts may mean there are many future sales on the horizon and more potential sellers are listing their homes. The 15% increase in listing activity this month  as compared with January is a strong indicator that sellers are gaining confidence in listing their homes.
Stay tuned for next month’s real estate stats, as the market across the entire Charlotte region continues to thrive.

Featured Listing: York’s 1775 Canebrook Glen

Your beautiful new home could be awaiting you in the desirable neighborhood of Bethelfields. This four bedroom, two and a half bathroom home totals 2,348 square feet on nearly a quarter acre lot. The open floor pant plan features a kitchen and breakfast bar adjacent to the great room, which includes a charming fireplace for chilly nights.

There are numerous upgrades throughout the house including hardwood floors throughout the downstairs level, as well as upgraded tile in the kitchen. The master bedroom features double walk-in closets, a spacious bathroom with a garden tub and a large double vanity. In addition to the four bedrooms, the second story of the home also features a loft/bonus space, which is perfect for a kid’s play area or home office.

Bethelfields is a lovely community conveniently located in Lake Wylie and sits in the Clover school district, which features some of the best schools in the state. This family-friendly neighborhood boasts a swimming pool, playground, picnic tables and more. Residents can also take advantage of a community storage lot for boats, trailers and RVs.

Living in Bethelfields offers a small town vibe with the convenience of living between several metropolitan areas, including Charlotte, Rock Hill and Gastonia for all of the big city amenities you could dream of.

You won’t want to miss this gem of a home, and for more information on this home or other properties like it, be sure to visit LKWRealty.com.

Fort Mill’s corporate growth creates fundraising opportunity for local nature preserve

Fort Mill is home to the Anne Springs Close Greenway,  which is an extensive area of protected nature preserve that totals approximately 2,100 acres and includes lakes, forests, pastures and trails. The greenway is the perfect place for hiking, biking, kayaking, horseback riding and more.

Maintaining the greenway is no small feat, and a fundraising drive was initiated recently in an attempt to raise $211,000 annually to pay for maintenance of the land.

There has been a tremendous amount of corporate growth in and around Fort Mill, and with that growth comes new and more employees to the area. The greenway is capitalizing on that growth and aiming to better connect with local CEOs and business people that could help in fundraising efforts for the nature preserve.

The Anne Springs Close Greenway not only needs corporate donations, but also participation from employees who can volunteer or host corporate events at the greenway.

There have been a number of efforts to generate interest and create buzz around the greenway and all it has to offer, including a business breakfast, a social media-focused marketing campaign encouraging people to take selfies on the greenway, and a hiking event.

For more information on what the  Anne Springs Close Greenway means to Fort Mill, as well as on recent fundraising efforts to support the preserve, be sure to read the full article at bizjournals.com

New infrastructure projects are happening in Lake Wylie

Many new developments are on the horizon for Lake Wylie, particularly infrastructure projects, which are great for the city, its residents, and the local economy. Most recently, a $1.75 million construction contract was awarded by York County Council for an intersection realignment at SC 557, Griggs Road and Bate Harvey Road, right beside Griggs Road Elementary School. The project should help with the traffic and safety of the area, and it is slated for completion by the end of 2017.

A lane-widening project is also underway at SC 274 and 279, and the $25.7 million  project is expected to be completed in 2020. Another multi-lane widening project of SC 557 that only totals about $4.3 million will also be completed in the same year. As far as this year is concerned, residents can expect a shoulder-widening on Paraham Road, with completion anticipated for this fall.

These infrastructure projects are part of the Pennies program, which has been very successful overall but has faced cost estimate issues. Many projects have turned out to be more expensive than anticipated, and there are discussions on how to fix this. There is a new staff in place overseeing the program, which could assist in making better cost estimates, as well as utilities assessments.

Overall, there is plenty of positive change in the pipeline for the infrastructure of Lake Wylie, and the Pennies project has been widely successful in helping to implement this change. For more details on these infrastructure projects and others and what it means for Lake Wylie as well as York County as a whole, be sure to read the full article at heraldonline.com.

Neighborhood Spotlight: Bethelfields

Lake Wylie’s community of Bethelfields features a small town atmosphere in a family friendly community that allows residents to not only take advantage of the beautiful Lake Wylie and all of its conveniences and recreational activities, but also of big city amenities. It is ideally situated between Charlotte, Rock Hill and Gastonia and sits in the Clover school district, which boasts some of the best schools in the entire state.

The neighborhood features a swimming pool, playground, picnic tables and sidewalks, as well as storage for boats, trailers and RVs. There are also regular community events for residents to take advantage of throughout the year.

There are currently three homes on the market representing 2.1 months of inventory, making this neighborhood a clear seller’s market. Inventory is much lower here than in York County as a whole, which features 4.3 months of inventory.

There has been almost no change in the average price per square foot or the average sales price of homes in Bethelfields over the last year, indicating that the market here is very stable and steady.

The average list price is currently approximately $218,000 and homes range in size from 1,983 square feet to 2,348 square feet and feature three or four bedrooms and two and a half bathrooms.

This is a great neighborhood on the desirable South Carolina side of Lake Wylie, which features lower taxes and plenty of conveniences. If you are looking for newer construction homes in a neighborhood that offers a great sense of community, you will not want to miss Bethelfields.

Lake Wylie boasts strong real estate market

While Lake Norman is the largest lakefront market in the Carolinas, accounting for $592 million worth of homes and land as well as claiming more than 1,000 current listings, Lake Wylie still holds its own.

Lake Wylie’s real estate market boasts $222 million worth of property with an average list price of homes at $628,755.  Approximately 40% of homes on Lake Wylie on the North Carolina side have a list price between $350,000 and $700,000. 31% of homes cost less than $350,000, 20% of homes range from $700,000 to $1 million,  and only 9% cost more than $1 million.

In comparison, almost 60% of North Carolina’s million dollar homes are located in the Lake Norman region. Lake Norman is also home to North Carolina’s third and fourth most expensive ZIP Codes in the state.

The 28216 ZIP Code in Lake Wylie ranks number nine among North Carolina’s most expensive ZIP Codes. Here, homes average approximately $781,000. There are four ZIP Codes on the South Carolina side of Lake Wylie that rank among the most expensive in the state, including 29745 at number three, 29732 at number four, 29710 at number seven, and 29708 at number eight.

For more details and information on the real estate markets in both Lake Norman and Lake Wylie, be sure to take a look at the full article at bizjournals.com.