Neighborhood Spotlight: Austen Lakes

Austen Lakes is a neighborhood that provides a small town feel while still being close enough to the city. This community has a lot to offer including the lower South Carolina taxes and the premiere school district of York County.

Along with the neighborhood amenities, it is also close to Lake Wylie which offers swimming, boating, fishing, and hiking, as well as many ore outdoor activities perfect for the whole family. Austen Lakes is also only a short drive from the city which offers antique shopping, historical attractions, and many parks and trails for people who prefer the outdoors. These include Lincoln Park and Magnolia Street Park which have things like playgrounds, trails, picnic tables, and more.

Currently there are 2 homes on the market in Austen Lakes which represents 2.2 months of inventory. This means that Austen Lakes is a seller’s market which matches York County as a whole.

In the last year the average sales price has increased while the average price per square foot has slightly decreased. The homes range in square feet from 1200-3600 square feet and from 2-5 bedrooms. Homes are currently listed from $205,000 to $225,000.

With so many neighborhood amenities as well as things to do in the city, Austen Lakes provides the perfect small town feel for your next family home!

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: 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: Glenmoor

Located in the historic town of Conway, Glenmoor is a newer neighborhood full of beautiful single family homes. Glenmoor is conveniently located near Highway 99 and Highway 22, giving it easy access to all the amenities of the city of Conway as well as Myrtle Beach. Some notable attractions around the neighborhood include Conway’s famed Riverwalk along the waters of the Waccamaw River along with the many other historic buildings and trails of the city. Residents are also nearby all the shopping and dining, as well as over 100 golf courses along the beach front at Myrtle Beach.

The homes themselves are large single family homes in traditional and craftsman styles. Most floor plans are open concept with vaulted ceilings. There is also a pool and amenity center in the neighborhood.

Currently Glenmoor has 7 homes on the market which represents 8.4 months of inventory. This makes Glenmoor a buyer’s market. In comparison, York County is more of a balanced market.

In the last year, the average sales price of the homes as well as the average price per square foot of the homes have both slightly decreased. Homes in the neighborhood have sold for as low as $238,000 and as high as $340,000. They range from around 1500 to 3000 square feet.

With all the options of homes and prices as well as proximity to local activities, Glenmoor could be the perfect family home!

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.

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.

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.

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.

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.

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.