Neighborhood Spotlight: Timberlake

Sometimes you can feel lost among the bustle of a growing city like Charlotte. If you are feeling that way, Belmont is a great place to explore. There you will get the small-town lifestyle and slower pace and there is no better spot to do that than Timberlake. The neighborhood sits just 2 miles from the vibrant downtown area with restaurants, local merchants, quaint shops, and lots of historical character.

Timberlake is tucked in a bend of the South Fork Catawba River off of Armstrong Ford Road on the southwest side of Belmont, North Carolina. There is easy access to major highways for a commute to Uptown Charlotte or a trip to Charlotte Douglas International Airport. Closer to home are Daniel Stowe Botanical Gardens, Belmont Abbey College and nearby Lake Wylie.

The original section of Timberlake began in the 1980’s and 1990’s and contains homes with a variety of styles and features. There is also a newer section of 27 homes by builder AV Homes with large homes with more current styling. Many of the newer homes are over 3,000 square feet of living space on lots around a half-acre. Many of these homes have amazing outdoor living spaces including private pools and outdoor kitchens.

Current school zoning for Timberlake includes Belmont Central Elementary School, Belmont Middle School, and Stuart W. Cramer High School. Please verify school assignments as boundary lines can change from one school year to the next.

In the past year, homes in Timberlake have sold for between $179,900 and $460,000. There are currently 2 homes on the market in Timberlake representing a 1.4 month supply of homes. This is much lower than the 4 month supply in Belmont as a while. This means that homes can go quickly.

March Housing Data

The monthly market report was just released by the Charlotte Regional Realtor Association based on data from the Carolina Multiple Listing Service. In the entire Charlotte region, sales are down, prices are up, and supply is down as well. Lake Wylie has fared a little bit better than the entire region, though numbers could be skewed due to small sample size.

Charlotte has been in a strong sellers market for a long time now, with low inventory and homes commanding higher prices. There is just a two month supply of homes in the entire region, just 8,208 homes currently for sale. This means sellers are getting the best of any deal with multiple offers becoming more common and homes selling sometimes for more than list price.

When you look at the numbers for Lake Wylie, there is a 3.3 month supply of homes. Still a sellers market (6 month supply is generally considered a balanced market), but not as extreme as the whole region. This number is down from March of last year when there was a 3.8 month supply, a decrease of 13.2%.

Contrary to the entire region, Lake Wylie actually had more home sales this year than last. There were 90 homes sold in March, up 13.9% from 79 in 2017. These homes sold for an average of $414,976, up 28.7% over last year. This large swing could be from a few pricey properties skewing the average.

Pending sales are also up over last year, from 135 to 144, a gain of 6.7%. This means that next month we should see strong numbers for closed sales. Slightly more worrying is the number for new listings. They were up from 169 last March to 170 this March, a rise of just 0.6%. This dip in supply could send prices higher during a time when interest rates are already on the rise. It remains to be seen if more sellers will list their properties helping to turn this market around.

Neighborhood Spotlight: Belmont Village

If you are looking for an amazing new construction custom home in Belmont, North Carolina, look no further than Belmont Village. There won’t be many opportunities in this exclusive enclave of homes from builder Bower Traust.

Belmont Village is located on a U shaped street just off Mellon Road near the intersection with Armstrong Ford Road on the southwest side of Belmont. Nearby are Daniel Stowe Botanical Gardens, Belmont Abbey, Belmont Historical Society, and U.S. National Whitewater Center. Just down the road are the Catawba River and Goat Island Park and Greenway. A commute to Uptown Charlotte will take around 25 minutes and Charlotte Douglas International Airport is just 15 minutes.

Children in Belmont Village attend Belmont Central Elementary School, Belmont Middle School and South Point High School. Please verify school assignments as zoning boundaries can change from time to time.

Homes have between 1,800 to almost 3,000 square feet of living space with rear load detached garages. Full brick exteriors are complemented by wide porches, arched doors, or unique architectural details. Custom shutters, brick paver driveways, and wide windows make these homes more inviting.

Inside you’ll find open floor plans, 9’ ceilings, hardwood flooring, stainless appliances, glass showers, soaker tubs and much more. Many of the homes are pre-wired for sound and smart technology. Private patios in the rear of the homes are great spaces for coffee in the morning or relaxing at the end of the day. Many of the homes have the master on the main floor. Coffered ceilings and custom built-ins are some of the details that really set these homes apart.

In 2017 there were six homes that sold in Belmont Village with an average sale price of $379,019. Some of the homes have sold for over $400,000 as they were full of upgraded features. There are currently 3 homes on the market in various states of construction so you have a chance to make a home truly your own.

Gastonia plans to expand Greenway system

Gastonia is in process of trying to get state support to expand the Greenway system. The system is a network of walking and biking trails that connect parts of the city. The growing network is in process of expansion at this time and will soon have the long-awaited connection to Rankin Lake Park. The next step is a bridge over Long Creek that will connect to Gaston College and more points further North.

The bridge is an essential part of the Greenway if the city wants the Greenway to connect to the North. The first step is to secure a grant through the Recreational Trails Program. This would infuse the project with federal money that is then divided throughout the counties through the Division of Parks and Recreation. There is a first round application now, with a second round application in June. The hope is to get the grant which could fund between 50 to 100 percent of the cost of the bridge which is estimated at between $150,000 and $200,000.

Other expansions in progress will connect the Highland Rail Trail to the Northern boundary of Rankin Lake Park. This is all part of the redevelopment of the I-85 U.S. 321 interchange.

Further expansions could include linking Gaston College and the Gastonia Technology Park with Dallas Park off of Dallas-Cherryville Highway. This will give 10 miles of trails, greenways, and enhanced sidewalks for pedestrians and cyclists. This will be a much safer alternative for those cyclists and pedestrians as they will not have to navigate automobile traffic on these routes.

For more information and to read the entire article, click on the link to the Gaston Gazette.

Neighborhood Spotlight: The Peninsula at Bayshore

The Peninsula at Bayshore is a new home community from builder LiveWell, located off S. New Hope Road in on the banks of the Catawba River right around the corner from Daniel Stowe Botanical Gardens. Just across the river sits Charlotte Douglas International Airport, and directly North is downtown Belmont, North Carolina.

Residents in The Peninsula at Bayshore have easy access to The Schiele Museum of Natural History & Planetarium, The US National Whitewater Center, and everything Uptown Charlotte has to offer. Lake Wylie is also easy to get to from the neighborhood as are great options for dining, shopping and more. You can also use the nearby highway access to get to Crowder’s Mountain or South Fork Park.

Homes in The Peninsula at Bayshore have large wooded lots, many over an acre. Exteriors are full brick and have sunrooms or screened in porches for outdoor living space. Homes have two or three car garages and courtyard style garages are included on some plans.

High ceilings in the lower floors are common as are open floor plans and hardwoods throughout. Large chef’s kitchens with stainless appliances, gas ranges, granite counters, and ample storage are standard. Homes have between 4 and 5 bedrooms and 3 or more bathrooms. Square footages are typically around 3,000 and can include flex spaces, fireplaces, game rooms, bonus rooms, home offices and more.

Children in the community currently attend award winning Belmont Schools including New Hope Elementary, Cramerton Middle, and South Point High Schools. Please verify school assignments as they can change.

In the past year, homes in The Peninsula at Bayshore have sold for between $350,000 and $437,000 with an average sale price of $390,000. There are currently 3 homes on the market representing 7.2 months of inventory. Eventually there should be future development in the middle of the neighborhood, giving even more options for new homes.

New Mediterranean Restaurant Coming to Belmont

The buzz is that a new mediterranean restaurant is coming to Belmont. The owners, Gus and Vicki Georgoulias have been in the business for a long time. They used to own Cosmos Cafe in Uptown Charlotte which opened in 1997 and Mythos which was a nightclub opened in 1993. They bring their years of experience to this new venture.

The restaurant will be called “Estia’s Kouzina” and is located at 609 N. Main Street. Named after Estia, the Greek goddess of hearth and home, and Kouzina is Greek for “kitchen”. The new restaurant will be Greek-influenced, but have emphasis on healthy, tasty, and unique flavors.

The site is the former home of a catering company and a Chinese buffet and steakhouse. This new revitalization will be a vital part of downtown Belmont and will be a truly family restaurant. Gus and Vicki’s children are already helping and will continue to be a presence. Belmont is a family community and Estia’s Kouzina will fit right in.

The menu should bring the owner’s experience with Greek and Mediterranean-inspired homemade meals to the table. They will be recipes that have been passed down, but will be paired with local ingredients and locally sourced products. Staples such as gyros, souvlaki, moussaka and more will most likely grace the menu as well as tapas for quick bites.

Seating for around 240 people in the main dining room will pair with several private rooms, a bar, and outdoor patio. Local beer will be on draft and there will be a few television screens.

Estia’s Kouzina will be open Monday through Saturday for lunch and dinner service. Sunday they will be open for brunch. Outside catering will also be available. The build out of the space is still in progress and the owner’s expect an opening sometime in the middle of the year.

For more information, be sure to check out the full article in the GastonGazette.

Free Wifi in Downtown Belmont

Downtown Belmont has launched free wifi to the public in the Main Street area. The internet is provided by North Carolina based service provider Open Broadband, which provides ultra-high-speed wifi. People visiting the downtown area are now able to access the 1 gigabit wireless network with no password required through any device with internet capabilities. Belmont City Manager, Adrian Miller, has commented that this new service is a logical extension of the high-tech, connected world we live in today.

Open Broadband was able to set up this wifi through antennas that are mounted throughout the downtown area. In addition, the wifi network is actually helping promote the area’s local business and restaurants. When visitors select the “Open Belmont” option, an internet browser window will appear directing them to connect. This browser window will also serve as an advertising board for local shops or restaurants.

This internet provider is a favorite of Belmont, having already installed wireless antennas in several other Belmont business and residential locations. Prices for this service range from $30 to $350 monthly and the plans offered range from 25 megabits to 1 gigabit. Open Broadband is a unique and appealing option because its upload and download speeds are the same, an advantage that is not offered by every service provider.

Open Broadband is already in talks with several other areas to expand this public internet service. To learn more about how this wifi works and where else it is offered, be sure to check out the full article at gastongazette.com 

Steele Creek and Lake Wylie Housing Market Report 2017-2018

The Steele Creek Real Estate market continues to be one of the top markets in the Country and is estimated to be one of the top 5 in the entire Country by the end of 2018.

On the National scene existing Home sales will finish at a pace not seen since the bubble bursting run up to 2006 clocking in at about 5.5 Million but amazingly still approximately 1.1 Million less than that all time high.

According to forecasts by the National Association of Realtors the steadily improving US economy, sustained job growth and rising confidence that now is the time to buy a Home should pave the way for an increase in Homes sales in 2018.

Back to Steele Creek, the availability of land, proximity to Charlotte’s 485 outer loop, Downtown and the Airport along with a widely diverse Housing Market are driving increases in prices and sales. A new master planned Development is in the final planning stages for the large mainly undeveloped area west and south of the Airport which will include the proposed River District slated to be larger than the Ballantyne area in South Charlotte. The area is expected to increase in population by 20-25% over the next 5 years.

Sales of new and existing Homes in the Steele Creek area over the past 12 Months for the zip codes of 28278 and 28273 were at a staggering pace of close to 2000 sold, leading the way the Community of Berewick with sales up 33% to 356, the Palisades with 131 sales was a distant second.

Another large Master planned Community is rising in Gaston County near Lake Wylie and Belmont called McLean, while just getting started sales were up to 40 in 2017.

Over on the South Carolina side of the Lake new Developments are popping up like spring flowers, national production Home Builders like Mattamy Homes and DR Horton along with local Builders, Fielding and Bonterra Homes are building a potpourri of styles and myriad of prices. New Home sales in the Lake Wylie SC area have increased from 75 in 2014 to around 200 per year at the end of 2017.

Sales of existing Homes in the Clover-Lake Wylie-York area zip codes of 29710 and 29745 although not quite as strong as its counterpart Steele Creek were close to 1300 over the past year. The top seller in that area is the well-seasoned “Jewell” of them all, the magnificently well planned Community of River Hills with close to 80 closings and an average sales price up 15% to $354,000.

WATERFONT MARKET UPDATE

Median prices continue to rise in the waterfront market due to low inventory and high demand, as of this writing there were just 57 active listings in both Carolinas down from the 120-140 we experienced for a few years with only 6 priced below $500,000. The 1 Million plus market was very active with 16- 1 Million Dollar plus Homes closed in 2017 and currently 12 were on the market. A total of 169 waterfront Homes sold down slightly from the year before with a median price pushing close to $700.000 up from the low $600,000’s that were steady for some time.

As urbanized Charlotte continues to gobble up large tracks of land for high density development the demand from those looking for the serenity and peace of Lake living along the shores of Lake Wylie will find it more and more difficult to afford.

New Automotive Shop in Belmont

After decades of tinkering with cars, a Belmont man has finally fulfilled his dream of opening up an automotive shop. The shop is called South New Hope Automotive and it is located near the intersection of South New Hope and Twin Tops Road. It is open 8 am to 5 pm every Monday through Friday.

Sid Allman has been working on opening a shop since 2008 and eventually signed a lease on the property in March. Since then, he has been renovating the property to make it perfect for customers. Allman has worked at a dealership repairing cars for 17 years and has said that the one thing he noticed was that they tend to overpromise customers. he says he does not plan on doing that at his new shop.  He hopes that he is able to call his customers friends and develop his shop into more than just a place of business.

Allman says the best part of his new shop is that he no longer has to commute to work so he is able to spend more time with his family. His wife even works with him in the shop.

The opening of this shop is on trend with the expansion of Belmont. New shops have been opening every day as the area becomes more popular. To read more about Allman’s new automotive shop, be sure to check out the full article at gastongazette.com

Parking Lot Added to Help Belmont Traffic

Parking has recently been a major issue for residents of Belmont as new restaurants and shops have opened downtown but hopefully the addition of a new parking lot will make things easier. City officials recently cut the ribbon on a brand-new, 60 space parking lot. The lot is located on Mill St. right around popular restaurants such as Old Stone Steakhouse and Sammy’s Pub. Taxpayers lease the space for $1700 a month which Manager Adrian Miller hopes will not only keep tax dollars within the town but also help residents really enjoy their nights out.

In recent years, multiple new restaurants have opened that have become popular, which has only increased the demand for parking. Private business used to be lenient on public parking but have recently cracked down on local restrictions, which is what sparked the push to build the new parking lot. Since last year, this is the second new parking lot that has been added. In addition, several private lots have been leased adding 200 spots overall in the last year.

The lot sits in the most congested part of Belmont on what used to be the city’s public works building. Workers had to remove the previous foundation and overall it took about a month to get the lot ready for the public. The city manager has visited the lot and says that while people are still getting used to it, it should definitely ease the difficulty of parking downtown from now on.

To read more about the new parking lot and where it is located be sure to check out the full article at gastongazette.com