Archives for April 2017

Belmont’s new grocer to compete with local favorite

Belmont is soon to be home to a new Lidl, a German-based grocery chain that has been working on a significant expansion into the United States and is getting ready to open up a 4.3 million-dollar 32,000 square-foot store here.

With a new grocer in town, local discount supermarket favorite, Aldi, is really trying to step up its game so that it can compete with Lidl. The two Belmont area Aldi stores, located at 2108 Union Road in Gastonia and 6402 Wilkinson Boulevard in Belmont that have been open for over 10 years are getting a makeover. The company has invested $1.6 billion nationwide to remodel and expand their existing stores and these two locations are part of the mix. The Belmont location, which recently reopened, has had the biggest makeover in the area so far. The Gastonia location has renovations underway and is expected to reopen in mid-May.

Remodeling plans include open ceilings, a new modern design, plenty of natural light and environmentally friendly building materials. The company is also making changes to their food products, including removing added MSG, synthetic colors and partially hydrogenated oils from all of their store branded and private label products.

For more details and information on the Aldi makeovers as well as the new Lidl opening and what it means for Belmont as well as Gaston County, be sure to read the full article at gastongazette.com.

Market Update: March

Home prices in the entire Carolina MLS area just continue to rise, with housing inventory in the Charlotte region at a low, and a growing demand for property in this super hot real estate market. Home sales increased 11.5% in March 2017 as compared with the same month of 2016. This increase is a whopping 54% jump compared to February 2017. Plus, the average list price was up 9.4% in March as compared with the same month in 2016.
Inventory in Lake Wylie was also down 28.6% in year over year numbers for March, however there was a 9.1% drop in the average sales price of homes. New listings, though, were up 35.8% in March 2017 versus March 2016.
In Fort Mill, inventory is also down, but the average sales price is up 14.5% in year over year numbers, and new listings are surprisingly down 3.5%.

With the low months supply of inventory and few new homes being listed on the market, a rise in sales price is fairly predictable. Across the nation, there has been a steady and constant increase in home sale prices. They are rising the quickest they have in approximately three years, and Charlotte as a whole still has these nationwide numbers beat.

Mortgage rates are also higher now than compared with those of a year ago, and this, coupled with higher home prices, may eventually temper the heightened demand for housing in Charlotte. Currently, homes seem to sell almost as soon as they are listed, so buyers will want to act quickly when they find a home they are interested in.

Charlotte definitely has a seller’s market on its hands, with low inventory, rising home prices, and a surge in home sales. For more details and info on what this means for home buyers and sellers alike, be sure to take a look at the full article at CharlotteObserver.com.

Neighborhood Spotlight: Belmont’s Eagle Park

Eagle Park is a charming community in the town of Belmont in Gaston County, located just minutes from the interstate yet featuring a welcomed sense of seclusion. The community offers small-town living with big city amenities and allows residents to take advantage of the slower pace and laid-back vibe of Belmont.

The neighborhood features parks, a playground, a tot lot, and a dog park. Residents can also enjoy a community pool and fitness club as well as the tennis courts, playgrounds, picnic tables and athletic fields at Davis Park. Furthermore, Eagle Park is conveniently located near major interstates, near Uptown Charlotte, and near the Charlotte Douglas International Airport.

Eagle Park has nine homes on the market, which represents 18 months of inventory, and thus we are looking at a buyer’s market. Belmont as a whole has six months of inventory making it a perfectly balanced market, neither favoring the buyers nor the sellers. Specifically in this neighborhood, however,  buyers seem to have the upper hand.

Furthermore, there has been almost no change in the average price per square foot over the last year. There has, though,  been a slight increase in the average sales price of homes.

Homes currently on the market range in size from almost 1,700 square feet to over 3,000 square feet and range in price from $248,000 to $414,900. you can expect plenty of curb appeal and charming front porches in this beautiful neighborhood.

Belmont is a historic Mill town that features fantastic shopping and dining, and with Eagle Park’s walkability to downtown Belmont, the community has everything you could ask for.

New eateries and more at Kingsley in Fort Mill

The new Kingsley Village Town Center in Fort Mill is in a prime location for restaurants, and plenty of chain eateries have taken notice and are getting ready to move in. Located just off of exit 85 from Interstate 77, the shopping center is now home to one of its largest anticipated restaurants, Carolina Ale House, which can seat up to 350 guests inside as well as an additional 150 guests outside. It is a convenient location for families with kids to eat at and then walk around a bit, and there are patrons who frequent the restaurant for drinks after playing golf nearby. Furthermore, Carolina Ale House is perhaps the largest restaurant employer in Fort Mill. With 70 TV screens and a diverse menu, the restaurant has a little something for everyone.

In addition to the newest 7,000 square-foot Carolina Ale House, additional upcoming restaurant tenants include a Starbucks coffee shop, a Smashburger, a Panera Bread, a Clean Juice bar, A Brixx pizza place, and a Corkscrew Winery, for now.

Kingsley Village is a mixed-use development occupying 626 acres and a recently opened new Courtyard Marriott hotel with 125 guest rooms. Additionally, 200 apartments are also planned for the development, and 48 of which will be located above retail shops in the town center. Kingsley Village is also home to Lash Group, which plans to employ 2,400 people at its facility, as well as LPL Financial, which expects 3,000 employees at its Kingsley facility.

Kingsley is a rapidly developing area, and for more details and information on what is to come, be sure to check out the full article at Heraldonline.com.

Lakefront Living: 721 Anchors Bend Cove

Take a look at this beautiful custom waterfront home on Lake Wylie that features resort-style living at its best. This 3,400 square-foot home features four bedrooms, three bathrooms and is situated on over five acres of land.

Not only does this property feature a tremendous amount of curb appeal and beautiful outside features, but inside the home is equally detail-oriented with coffered and barrel ceilings, a huge master suite and bathroom with separate vanities and a gorgeous soaking tub, stainless steel appliances in the spacious kitchen, plenty of space for indoor entertaining and recreation throughout the home, and beautiful windows that let in lots of natural light.

Outside, you will find a saltwater pool and hot tub, outdoor cooking areas by the pool as well as the by the dock, and two dock options for access to the lake.
The views from the backyard space are simply stunning, and this location cannot be beat. The property offers privacy and peacefulness but is only minutes away from the dining, retail, entertainment and endless recreation of Lake Wylie.Furthermore, the home is on the South Carolina side of Lake Wylie, so residents can take advantage of the lower taxes there. For more information on this stunning waterfront property at 721 Anchors Bend Cove listed at $1,299,000, be sure to visit LKWRealty.com.

Steele Creek is home to one of nation’s most thriving zip codes

A suburban community in Steele Creek just outside of Lake Wylie has made realtor.com‘s list as one of the countries hottest 50 ZIP Codes for home sales.
Throughout the entire Charlotte region, home sales have been on the rise as have new construction projects. New home construction, however, “is moving at a faster pace in the Steele Creek area compared to the city as a whole, according to Metrostudy, which tracks new home construction.” All of this new development means the booming Steele Creek community is drawing plenty of home buyers.

Current inventory available in this region is at just the right price point to continue to attract those ready to purchase a new home, but potential buyers have to act quickly if they are interested in a property because homes here are not staying on the market long.

The median sales price of homes here in March was $193,475 compared to the $220,950 price point for the overall Charlotte region. The greater affordability os good for buyers, plus, with the speed at which homes are selling, owners are even more tempted to put their homes on the market, with much more confidence that they will sell quickly. Thus, the market is good for sellers, too.

There is a ton of growing potential for this area because there is so much land available for new development projects.

For more details and information on one of the hottest ZIP Codes in the country, be sure to read the full article at CharlotteObserver.com.

More potential development for Lake Wylie, Fort Mill and more

Plenty of residential and commercial development is on the horizon in Lake Wylie, Fort Mill and all over York County. Many projects are still in the planning phases, but locals  could expect some big changes around town.

Lake Wiley’s Mill Creek Commons could be the potential new site for a new apartment community right across from the Harpers Green subdivision. This will be a significant residential addition as Mill Creek Commons is already home to many commercial retailers, including Walmart, Lowe’s, McDonald’s, Bank of America, Wachovia, Walgreens and Zaxby’s.

Furthermore, the 13-acre Public Storage site at the corner of Bonum Road and SC 49 could be home to even more new mini warehouses.

Fort Mill may be getting a new vet clinic at the North Carolina state line just off of Hamilton Place. Also in Fort Mill, a 5,000 square-foot space at 3004 US could undergoing a change from retail space to restaurant space.

There are also talks of building a 157-lot subdivision in the Rock Hill area just east of Hands Mill Highway. County planners are also discussing expanding another home subdivision at Shadow Lane and Brush Creek Road, and expanding a single-family subdivision west of SC 901.

These are just a few of the projects that county and city planners are deliberating over. For more details on these potential developments and others in the area, be sure to read the full article at heraldonline.com.

 

Lake Wylie Gem: 20 Duck Hook Circle

Lake Wylie is one of the most sought-after and conveniently located towns in the Charlotte region, offering lake community living that is a just a short drive from the bustling metropolis of Charlotte.

An incredible home is on the market in Lake Wylie, South Carolina, that totals over 4,300 square feet with three bedrooms, four full bathrooms,and plenty of additional flexible space.

This single story home features vaulted ceilings, wood floors, lots of entertaining space, a wrap-around deck and more. The master suite features a loft that is currently being used as an office, and the basement is completely finished and has access to the outside.

Situated on nearly half of an acre, the property features a large driveway as well as plenty of yard space and an attached two-car garage. Homeowners can take advantage of not only low South Carolina taxes, but also all that the Lake Wylie community has to offer. There is an endless amount of recreational activities available, including fishing, boating, kayaking, hiking, picnicking and more. Plus, development continues to be boom in the area with an ever increasing amount of dining, retail and entertainment options.

This amazing property at 20 Duck Hook Circle is currently listed at $399,000, and for more information on this home or others like it, be sure to visit LKWRealty.com.

Neighborhood Spotlight: Regency at Palisades

Regency at Palisades is a luxurious resort-style, active-living community located in southwest Charlotte. Conveniently situated in the Lake Wylie region right off of Highway 49 and just minutes from I-485, the community is only a half hour drive from Uptown Charlotte.

This neighborhood features beautifully maintained grounds, stunning homes and a country club lifestyle. Homes range in size from approximately 2,000 square feet to over 4,000 square feet and include 10-foot ceilings, hardwood floors, granite countertops, stainless steel appliances and upgraded cabinetry. These new construction homes offer customizable design for a truly personalized living space.

The neighborhood amenities are still underway will ultimately include a country club with an exquisite 18-hole golf course and New England inspired clubhouse, which will include a swimming pool, tennis courts and more.

Lake Wylie is just minutes away and offers 325 miles of shoreline and over 12,000 acres for fishing, water sports, picnicking and much more, with a number of public marinas, waterfront restaurants and state parks.

Regency at Palisades currently has 28 homes on the market representing nine. Nine months of inventory. This level of inventory indicates a buyer’s market, which is not the norm for the area, where the overall Charlotte region has only 3.7 months of inventory, thus representing a seller’s market.

The average price per square foot has remained fairly consistent and has not strayed far from approximately $186 over the past year. Furthermore, home sales have also been fairly consistent, averaging approximately three sold per month over the last year.

If you are looking for a new-construction community in the Lake Wylie region, you will not want to miss the beautiful properties in the Regency at Palisades neighborhood.

Shiloh Farms beauty: 1490 Canter Lane

An absolutely beautiful new listing is available in Shiloh Farms that features 3,200 square feet with four bedrooms and three bathrooms on a massive 10.8-acre lot. The property is also home to a guest house with detached eight-car garage. Horses are welcome on the property that features a fishing hole and beautiful view of the 32-acre community lake just over the dam. This is a perfect place to live for horse owners or horse lovers, and the neighborhood offers plenty of outdoor recreational options.


This desirable home was built in 2008 and has solid wood floors, crown molding, and tray ceilings. The large kitchen features granite countertops, a double wall oven, a large island and plenty of cabinet space. The master bathroom features a tile shower, whirlpool tub and double vanity, and there is tons of walk-in storage space throughout the entire home, including the attic and crawl space. This home also features a generously-sized front porch as well as a bonus heated sunroom.

Shiloh Farms is a lovely community of stately homes situated on expansive lots in York, South Carolina. It is conveniently located between the I-77 and I-85 corridors. York offers a strong sense of community and a slower pace than the big city metropolis of Charlotte. Furthermore, Shiloh Farms is located just 25 minutes from Lake Wylie, which offers plenty of outdoor recreation and charm. Plus, residents can take advantage of South Carolina’s lower taxes.

This property in Shiloh Farms just hit the market and it is listed at $714,900, and for more information on this home and others like it, be sure to visit LKWRealty.com.