Neighborhood Spotlight: Handsmill on Lake Wylie

Handsmill on Lake Wylie is a secluded, gated community located right on the shores of scenic Lake Wylie. The neighborhood is close to the state line, making it only a 30 minute drive to the city amenities of Charlotte. There are 20 square miles of lake for residents to enjoy, where they can reach the water from one of two private marinas and boat ramps. There are also many amenities away from the shore including walking trails perfect for spotting local wildlife. There is also a clubhouse with a Jr. Olympic sized swimming pool, fitness center, kids pool and play area, and an outdoor patio with fireplaces.

Just a 30 minute drive away, is the busy city of Charlotte which offers shopping, dining, and cultural options. For those that don’t want to go all the way to Charlotte, York County itself has plenty of options to explore, including one of several properties listed on the National Register of Historic Places. There is also a new children’s museum in the area as well as additional opportunities to see local wildlife in Kings Mountain State Park.

Currently there is 1 home on the market so the neighborhood is in high demand. This represents 1.7 months of inventory, making the neighborhood a seller’s market. This is comparable to York County as a whole, which is also more of a seller’s market.

In the last year the average price of homes have increased substantially but the average price per square foot has only increased slightly. Homes are currently on the market for around $575,000 and all homes are designed with modern finishes.

With its secluded feel and proximity to so many local and city amenities, Handsmill on Lake Wylie is the perfect place for a family home.

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.

Neighborhood Spotlight: The Retreat at Sunset Ridge

Conveniently located in the Clover area, The Retreat at Sunset Ridge is a beautiful neighborhood filled with new, move in ready homes. The neighborhood is located just minutes from Lake Wylie, which offers plenty of activities for outdoor enthusiasts including fishing, boating and kayaking. There are also a number of parks nearby including Cherry Park which offers picnic tables, walking trails, and five baseball diamonds. There are also multiple shopping centers close to The Retreat which offer plenty of shopping and dining options.

Residents of The Retreat at Sunset Ridge get to take advantage of the lower York County taxes as well as the renowned Clover school district. These schools are Bethel Elementary, Crowders Creek Middle, and Clover High School. The homes in the neighborhood are new, large, brick homes and the neighborhood offers a community pool in addition to all the nearby amenities.

Currently, there are 5 homes on the market in The Retreat at Sunset Ridge which represents 10 months of inventory. This makes the neighborhood a buyers market compared to York County as a whole, which is a seller’s market. This makes the neighborhood the perfect place to buy in York County.

In the last year, the average sales price has decreased while the average price per square foot has slightly increased. Homes are currently listed from $430,000 to $550,000 with the average seller’s discount remaining roughly the same in the last year.

With the current market and all the amenities available nearby, The Retreat at Sunset Ridge is definitely worth checking out!

Lake Wylie and and US Real Estate Market Report

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

Nationally existing Home sales will finish at a pace of 5.47 million the best since 2006 but still about 1.1 million less than that all-time best mark.

The lack of inventory has pushed prices up 48% from the low point of 2011, locally the Steele Creek area remains one of the hottest markets in the Country, the population is expected to jump 20-25% over the next 5 years, and for most of us originally from the area this is both a blessing and a curse.

Closings in the past 6 months are at 834 with 211 under contract and currently 221 listed for sale.

Prices on Waterfront Homes have steadily gone up and finding anything under $600,000 is tough sailing. Homes for sale are at an all-time low at this writing of only 78.  Median price is over $750,000 all record breakers.

Enough of the boring stats, if you’re planning to buy a Home or Condo now should be it, sitting on the fence so to speak is going to price you out of that dream Home. Quarterly prices have been increasing in some areas by 8% in the Charlotte area.

Buyers in the region are flocking to areas closer to Uptown Charlotte and prices are skyrocketing. Commute times and just being closer to the action seem to be the driving force. As traffic worsens that trend will surely continue and speaking of traffic it seems that it increases daily.

As a former member of the York County Planning Commission I always said the reason people left their former Cities and Towns and moved to this area will be the same reason they leave this area, Taxes, traffic, crime and poor planning.

David has been a Real Estate Broker, Developer and Contractor in the Charlotte area for 40 years and is currently Principle Broker and Partner of Lake Wylie Realty, David and his wife Karen live on Lake Wylie and are both Charlotte natives.

Copyright 2017 David McCorkle

Neighborhood Spotlight: Patrick Place

Patrick Place is a beautiful private community made up of large, brick, single family homes. Residents in this neighborhood enjoy privacy by being in a quiet wooded area while still being close to local activities and amenities. Each home in the neighborhood is custom built on lots ranging from half an acre to one acre.

Amenities in Patrick Place include wooded paths, picnic pavilions, ball fields, and a basketball court. Patrick Place residents also have access to “The Cabin”, a historic building that hosts monthly activities and events. The Cabin is also available for private use by residents.

Besides the many amenities within the neighborhood, Patrick Place is also only minutes from places like Lake Wylie and Charlotte. Lake Wylie is a hub for boaters, kayakers, and swimmers in South Carolina and is only five minutes from Patrick Place. Meanwhile, downtown Charlotte is just half an hour away and offers nightlife, theaters, museums, and many other activities.

Patrick Place currently has around 2.4 months of inventory which means it leans more towards a sellers market. This is comparable to York County as a whole which is also currently a seller’s market.

While the average price per square foot of homes in this neighborhood has increased slightly over the last year, sales prices have actually decreased. Homes in Patrick Place tend to be priced between $300,000 and $400,000.

With all the neighborhood amenities plus the wide range of things to do nearby, Patrick Place is definitely worth checking out!

Neighborhood Spotlight: The Landing on Lake Wylie

The Landing is a community built directly on the shores of Lake Wylie. The neighborhood is located conveniently to Charlotte, NC while residents still get to enjoy the benefits of South Carolina’s lower taxes. The Landing is also part of Clover School District, one of the best districts in the state.

Residents of the landing get to enjoy all the amenities of Lake Wylie. The neighborhood even has 25 boat slips for its residents. Other amenities include a neighborhood park, clubhouse, and pool. The Landing even has its own competitive swim team. The Landing also has around 2 miles of paved walking trails along with sidewalks along all streets so residents can enjoy walking, running, or biking. Most of the lots in The Landing are around half an acre and the neighborhood has placed a large emphasis on maintaining as much of the natural landscape around the lake as possible.

There are currently 10 homes on the market which represents 6.3 months of inventory. This makes The Landing a balanced market between buyers and sellers. This is comparable with the Lake Wylie area in general which also has a balanced market while York County has more of a seller’s market

In the last year, the average sale price of homes at The Landing has slightly increased as well as the average price per square foot. Homes are listed from $360,000 to almost $900,000

The Landing is a wonderful family neighborhood where residents can enjoy being close to city life while still enjoying the more peaceful setting of Lake Wylie. This neighborhood is definitely worth checking out!

Custom Catawba Crest Home: 120 Summerfield Court

Catawba Crest is one of the most beautiful neighborhoods in the sought after Lake Wylie area. And now, there is a beautiful custom-built home on the market situated on a private one and a half acre lot at 120 Summerfield Court. This four bedroom, three and a half bathroom home totals 3,115 square feet and features a desirable open floor plan while also offering plenty of privacy.

The chef’s kitchen features granite countertops, beautiful cabinetry with plenty of storage space, stainless steel appliances and more. The living room features a fireplace and built-in shelving and cabinetry, as well as stunning vaulted ceilings.

In addition to the four bedrooms, there is also a bonus room as well as a screened in porch. Custom built-ins can be found in rooms throughout the home, and the master bathroom features a generously sized soaking tub as well as a walk in shower.

The oversized lot allows for a simply fantastic yard and recreational space. Plus, the yard is fenced and there is an attached two car garage with electric garage door opener.

The home is located on the South Carolina side of Lake Wylie and thus, the homeowners here can take advantage of lower South Carolina taxes and all of the amenities and recereation that Lake Wylie has to offer.

Priced at $415,000, this home is sure to be somebody’s perfect fit. For more information and details on this property or others like it, be sure to visit LKWRealty.com.

Lake Wylie Custom Home: 2 Old Stage Trail

Check out this beautiful home located in the incredibly sought after neighborhood of River Hills Plantation. This custom stunner was built by Simonini and features five bedrooms and four and a half bathrooms and is a total of 3,759 square feet. There are many beautiful updates throughout the home, with huge windows letting in plenty of natural light. There are hardwood floors throughout, stainless steel appliances in the kitchen, gorgeous finishes in every room of the house, and fantastic outdoor patio space to boot.

The master suite is situated on the main level as is a guest bedroom and full guest bathroom. Additionally, there is also a finished room over the two-car garage.

The home is conveniently located within walking distance to Southpoint Beach, and it is set in a community that features gated security, a golf course, tennis courts, a country club and a marina, allowing residents here to truly enjoy resort-style living at its best.

Situated on the South Carolina side of the Lake Wylie area, residents here can take advantage of lower South Carolina taxes and all of the conveniences and amenities that Lake Wylie has to offer, as well as an easy drive to the bustling metropolis of Center City Charlotte.

This stunning home is priced at $499,000 and is sure to be somebody’s dream home. For more details on this property and others like it, be sure to visit LKWRealty.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.

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.