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.

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: Lauren Pines

Lauren Pines is a beautiful secluded neighborhood that offers all the benefits of small town life while still being close to larger cities. Located in York County, Lauren Pines offers homes on large lots surrounded by nature, providing residents with a tranquil and relaxed setting. Residents also receive the lower taxes that come with South Carolina while still being close to cities like Charlotte.

For outdoor enthusiasts, Lauren Pines offers plenty of recreational options such as walking, hiking, or mountain biking on its many trails There is also plenty of wildlife in the area to observe and enjoy. Even though this neighborhood is outside of the city, it has easy access to I-85 giving it a direct route to cities like Charlotte and Spartanburg. Gastonia is also only 20 minutes away for those looking for more shopping and dining options.

Currently there are 6 homes on the market in Lauren Pines. This represents 10.3 months of inventory, making this are a buyers market compared to York County as a whole which is more of a sellers market.

In the last year the average price per square foot as well as the average total sales price of housers has slightly increased. Currently homes are listed from just over $300,000 to $375,000

If you’re looking for a family home in an area that offers a small town feel as well as being close to big city living, Lauren Pines is definitely worth checking out.

Neighborhood Spotlight: Bethelfields

Bethelfields is a beautiful neighborhood located right on Lake Wylie that offers the benefits of small town living while still being close to city life. This neighborhood is a family-friendly community with many amenities and events aimed at bringing the community together.

Residents get to take advantage of the lower South Carolina taxes while still enjoying all the amenities on Lake Wylie. The neighborhood even offers a large storage lot for boats, trailers, and RVs giving residents easy access to lake activities. Other amenities of this neighborhood include swimming pools, picnic tables, playgrounds, and walking trails. Bethelfields is also very dog friendly with many doggie-waste stations along the numerous walking trails.

Bethelfields also enjoys being located in renowned Clover school district, making it the perfect place to buy a family home.

Currently there are 5 homes on the market which represents 2.5 months of inventory. This makes Bethelfields a sellers market compared to the more balanced market of York County as a whole which has about 5 months of inventory.

In the last year the average price per square foot of homes in this neighborhood have decreased but the overall average sales price has slightly increased. Right now prices range from $215,000 to $280,000.

With so many amenities in such a great location, Bethelfields is definitely worth checking out for your next family home!

Neighborhood Spotlight: King’s Grove Manor

Conveniently located near countless recreational opportunities as well as city amenities, Kings Grove Manor is the perfect place for your next family home. This neighborhood is located on the shores of Lake Wylie which means residents have access to the many outdoor activities the lake has to offer from boating to fishing to hiking. For more outdoor experiences, the neighborhood is also located near the McDowell Nature Preserve which includes a nature center, campgrounds, walking trails, and playgrounds making it the perfect destination for nature lovers.

In addition to the many activities on Lake Wylie, the neighborhood itself offers many amenities including a pool and cabana and community walking trails and sidewalks. Residents can also golf at the Palisades Country Club. Kings Grove Manor is also minutes from uptown Charlotte giving residents easy access to local dining and entertainment.

The homes in this neighborhood range in size from 1700 to over 2700 square feet. One and two story homes are available and have three to five bedrooms.

Currently there are 10 homes on the market in Kings Grove Manor which represents 10 months of inventory. This means the neighborhood is currently a buyers market compared to the more balanced market of York County.

In the last year the average price per square foot has increased but the average sale price of homes has decreased. Homes are listed from around $240,000 to just under $300,000.

With so many things to do both locally and in Charlotte itself, Kings Grove Manor is definitely worth checking out!

Neighborhood Spotlight: Handsmill on Lake Wylie

Handsmill on Lake Wylie is a beautiful gated community that combines natural beauty with resort-style amenities. Homes are right on the lake offering exclusive access to all the activities Lake Wylie has to offer. These activities range from fishing to boating to hiking. The neighborhood even has two private marinas and boat ramp solely for residential use.

Hndsmill also offers many amenities within the neighborhood. For nature-lovers, there are many walking trails and green space to spend time in. But the centerpiece of the neighborhood is the luxurious Handsmill Club complete with a state of the art kitchen, two gathering areas, and a large outdoor patio perfect for entertaining. There are also amenities like a junior olympic swimming pool and fitness center only available to residents. For children, there is a separate playground. But while Handsmill offers seclusion and natural beauty, it also has the advantage of being within half an hour of all the activities Charlotte has to offer.

There are currently 3 homes on the market in Handsmill which represents 6 months of inventory. This means that right now there is a balanced market in the area, which is comparable York County as a whole, which also leans towards a balanced market.

In the last year the average price per square foot has slightly decreased while the average sales price of homes has stayed roughly the same.

With so many wonderful natural and community amenities, Handsmill at Lake Wylie is definitely worth checking out!

Neighborhood Spotlight: Heron Cove

Heron Cove is a beautiful neighborhood on a quiet peninsula of Lake Wylie, offering all the peacefulness of the lake along with many neighborhood amenities and local activities. The neighborhood has large plots of land to fully take advantage of the surrounding woodland and lake.

One of the best amenities of Heron Cove is its Waterfront Park. There, residents can swim in the lake or fish from the shore. There is even a storage rack for residents’ canoes. In addition to activities on the water, the park is the perfect place for picnics or barbecues and even has a fire pit. For children, there is a separate park filled with many family friendly options for kids. The Heron Park Swim Club is also a popular option for residents to socialize and swim.

Heron Cove is in Clover School District, one of the best districts in South Carolina which is also a big plus for families. Residents are able to enjoy the lower taxes of South Carolina while the city life of Charlotte is just minutes away.

Currently there are 7 homes on the market in Heron Cove which represents 7 months of inventory. This means that Heron Cove is leaning towards a buyer’s market compared to the more balanced market of Lake Wylie as a whole.

In the last year, the average sales price of homes and average price per square foot has slightly increased.

With so many local and neighborhood amenities, Heron Cove is definitely worth checking out for your next family home!

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!

Neighborhood Spotlight: Paddlers Cove

Paddlers Cove is the perfect neighborhood to take advantage of all the activities and amenities that Lake Wylie has to offer. The neighborhood enjoys being directly on the lake, complete with many easy access boat launches, while residents still get to enjoy paying the lower South Carolina taxes. Paddler’s Cove is also part of the high rated Clover School District with the elementary school within walking distance. Just outside the neighborhood is a brand new daycare center as well as the new YMCA/Clover Aquatic Center. Amenities of the neighborhood include a recreation center, pool, and multiple parks and walking trails throughout the neighborhood. There are also three new proposed canoe launches directly on Lake Wylie

Paddler’s Cove currently has 10 homes on the market which represents 13.3 months of inventory. This makes Paddler’s Cove a buyers market. The Lake Wylie area in general is a more balanced market but this neighborhood specifically is currently a buyer’s market.

In addition, in the last year average sale price of a home in Paddlers Cove has decreased even though the average price per square foot has increased.

The average sale price of a home in this neighborhood is just under $400,000 but can have been sold from around $300,000 to $450,000. This neighborhood is home to many wonderful amenities and Lake Wylie activities and is definitely worth checking out!