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: Carolina Coves

Carolina Coves is a picturesque neighborhood located on the South Carolina side of Lake Wylie in York County. This neighborhood is made up of single family homes and offers a small town feel while still being minutes away from the interstate and all the amenities and activities of downtown Charlotte. This neighborhood has many amenities like walking trails, common green space, large lots (between 1 and 3 acres), and proximity to places like McDowell Park and Stowe Botanical Gardens. Residents of this neighborhood can take advantage of being in the incredible Clover School District as well as the advantage of South Carolina’s lower taxes.

Right now there are 5 homes on the market in Carolina Coves. This represents 15 months of inventory and makes this a buyer’s market. Lake Wylie as a whole has a little over six months of inventory, which makes it a balanced market between buyers and sellers, but Carolina Coves specifically currently favors buyers.

In the last year the number of homes sold the per month has remained the same while both the average price per square foot and the average sales price of homes have decreased. Homes on the market right now range from $500,000 to nearly $700,000 and from around 4100 square feet to over 5000 square feet.

With all the benefits of Lake Wylie and Charlotte so close by, Carolina Coves is definitely worth checking out.

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.

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.

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.

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.

Neighborhood spotlight: Clarabella

Clarabella is a beautiful community located in the growing Southwest Charlotte region in the Lake Wylie/Steele Creek area. It is an intimate, pedestrian-friendly, new-construction community that features beautiful views with innovative ranch and two-story single-family homes. Located just off of Rock Island Road and Shopton Road West, the neighborhood is conveniently located near major corridors, business and office parks, and entertainment. With easy access to I-485, Highway 160 and Highway 49, you can be anywhere you want to be in just minutes. Retail and entertainment options close by include Charlotte Premium Outlets, Carowinds, the US National Whitewater Center, Lake Wylie and Rivergate Shopping Center.

This community features all brand-new construction with many desirable features, including stainless steel appliances, guest suites with full bathrooms, upstairs lofts, and so much more.

There are currently six homes on the market in Clarabella representing 10.3 months of inventory. With inventory in Charlotte overall being historically low, the inventory in this community seems particularly high, indicating that buyers have the advantage here. Other than the drop-off in home sales over the past three months, there has been almost no change in the average price per square foot or the average sales price of homes.

These beautiful new homes feature a variety of floorplans, options and upgrades for a completely customizable house. If you are looking for new construction in the Lake Wylie area with beautiful surroundings and easy access to the big city amenities of Charlotte, Clarabella is not to be missed.

Neighborhood spotlight: Lake Ridge at Tega Cay

Lake Ridge at Tega Cay is a master-planned community that offers a small-town feel with big city accessibility  Residents here can take advantage of South Carolina’s low taxes, fantastic shopping and recreation, and arguably one of the best school districts in the state. The area offers tons of natural beauty with plenty of parks, walking trails and more.
Neighborhood amenities include a 7,500 square-foot clubhouse, a five-lane competition swimming pool, as well as a kiddie pool with a water slide. There are also two community tennis courts, a multipurpose court and a playground. Furthermore, the Tega Cay golf club is located near the neighborhood and so is Baxter Town Center, which features a 60,000 square-foot state-of-the-art YMCA as well as a branch of the York County Public Library. Lake Ridge is also conveniently located to Lake Wylie and the Catawba River, which offer plenty of options for boating and fishing enthusiasts. Furthermore, Carowinds, The largest themepark in the Carolinas, is only minutes away from this fantastic community.

The market here is very active, so even with 17 homes currently on the market, there is still only 2.6 months of inventory available. This definitely makes Lake Ridge at Tega Cay a seller’s market.

There has been a very slight drop in the average price per square foot over the last six months, but even so, the average sales price has seen very little change.

The new construction homes in this neighborhood average approximately 3,700 square feet and include desirable features such as stainless steel appliances in the kitchen, granite countertops, hardwood floors and more. If you are looking for a brand new home in the lovely town of Tega Cay, you will not want to miss Lake Ridge.

Charlotte’s River District is its biggest new development in decades

screen-shot-2016-12-11-at-3-51-33-pmJust east of Belmont, between Charlotte Douglas International Airport and the Catawba River, lies Charlotte’s River District, the newest, massive, mixed-use master-planned development to hit Charlotte in decades. The potential for such a project, conveniently located right near the airport and only eight miles from Uptown Charlotte, is huge.

This new development aims to create a walkable, urban environment that showcases a variety of housing in a community that really connects with nature. Developers plan to take advantage of the unique topography, woodlands, streams and creeks that the area is home to. While developers plan to build housing, retail space, office space and more, the plan for development also calls for preserving approximately 500 acres of land and using that land for mountain biking, walking and hiking trails with a walkable community laid out around them.

Approximately 10,000 people will occupy the new homes here, which will range from very moderately priced homes all the way up to luxurious estate homes. With the hopes of having some of the trails open to the public possibly as early as the summer of 2017, as well as completing construction on the first stage of the residences in the next two years, final completion of the entire project, which is slated to be as big as Ballantyne occupying approximate 1,400 acres, is not expected for about 30 years. The project will be completed in stages, but given its size and scope, it will certainly take quite a bit of time.

Stay tuned for the ongoing development of the River District. And, for more details and information on the project, check out the article at WCNC.com.