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.

Neighborhood spotlight: Clover’s Longlea Estates

Longlea Estates is a beautiful neighborhood of stately homes located in the desirable town of Clover, which features low South Carolina taxes and one of the best school districts around. This neighborhood of custom-built, newer construction single-family homes is great for families and features a variety of floor plans,  and homes are situated on generously sized lots.

There are currently two homes on the market here representing 1.5 months of inventory, which is incredibly low and definitely indicates a seller’s market for this neighborhood. Clover as a whole has 5.1 months of inventory representing a fairly balanced market. Longlea Estates is clearly a desirable neighborhood with homes not staying on the market for long. The current average list price is $219,450.

While there has been a little bit of fluctuation in the average price per square foot, the square footage price hasn’t strayed far from $71 over the last year. There has, however, been a slight increase in the average sales price over the last 12 months.

Clover features a small town vibe but offers easy access to Charlotte’s big city amenities. Furthermore, Clover is conveniently located near all of the recreation of Lake Wylie and also features its own charming shopping, dining and entertainment.

You do not want to miss Longlea Estates, and for more homes available and other great neighborhoods in and around Lake Wylie, be sure to visit LKWRealty.com.

Neighborhood Spotlight: Oaks of Broadway

The Oaks of Broadway is a new construction community of single-family homes conveniently located just minutes from downtown historic York and the great shopping, dining and entertainment that tithe town has to offer. The local elementary school and high school is close by as is the York Recreation Complex, a Walmart Supercenter and more.

Homes in the neighborhood range in size from approximately 1,300 square feet to just over 2,000 square feet, and offer three or four bedrooms and 2 1/2 baths. Many homes feature two-car garages, vaulted ceilings, open floorplans, patio space, tree-lined backyards and more. Brand new construction homes are slated to be completed in the Spring of this year.

There are currently 13 homes on the market in the Oaks of Broadway representing a whopping 39 months of inventory. Thus, we are definitely looking at a buyer’s market here. York overall has only 4.7 months of inventory, indicating that it favors the sellers. In this neighborhood, however, buyers have the upper hand given the level of inventory. Plus, with an average list price of approximately $136,000, this moderately priced neighborhood is a desirable option for buyers actively looking to purchase.

It is worth noting that there has been a steady although slight increase in the average price per square foot over the last nine months, and the average sales price has jumped a bit in the last six months.

If you are looking for a conveniently located neighborhood featuring new construction homes in York with easy access to downtown and all that the town has to offer, you won’t want to miss the Oaks of Broadway.

Neighborhood Spotlight: Retreat at Sunset Ridge

The Retreat at Sunset Ridge is conveniently located in the Lake Wylie/Clover area of South Carolina. This desirable, tucked away neighborhood features beautiful new construction estate homes that are completely customizable.

Homes in the neighborhood range in size from 2,600 square feet to over 4,400 square feet and can feature anywhere from three to six bedrooms, two master suites, gourmet kitchens, media rooms and more. Residents of the community can take advantage of not only the great school district here, but also of the lower York County taxes.

There are currently six homes on the market here representing 14.4 months of inventory. Thus, the Retreat at Sunset Ridge is definitely a buyer’s market. York County and Lake Wylie as a whole have 4.3 months and 5 months of inventory respectively, indicating a slight favor towards the sellers. However the ample inventory in this neighborhood gives buyers the advantage.

That being said, there has been very little change in the average price per square foot over the last year, with only a slight increase. The current average list price is $447,242.

The community offers easy access to the local public library as well as to great healthcare. Plus, it is conveniently located near Carolina Place Mall, Baxter Village, Rivergate Shopping Center and more.

If you are looking for beautiful new construction homes in a highly sought after part of town, you will not want to miss the Retreat at Sunset Ridge in Lake Wylie.

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.

Lake Wylie and Fort Mill boast strong market stats

The housing market in the Charlotte region as a whole is thriving, and that could not be more true for towns like Lake Wylie and Fort Mill. Even with low inventory, there were more than 44,000 homes sales in the overall Charlotte region in 2016, which is up over 8% from 2015.

Local numbers are even better. In York and Lancaster Counties, Lake Wylie had the highest home prices and the largest increase from 2015. pending sales and new listings had the biggest increase in Fort Mill. A big contributing factor to these numbers is the abundance of brand new subdivisions. York County as a whole had the most closed sales, as home sales here outpaced the overall region.

The housing market for the entire Charlotte region is looking good for 2017. Mortgage rates, though on the rise, will still be at historic lows. And, even though low inventory will still mean a seller’s market, buyers will still be looking for properties that sellers have invested in, thus making sellers still having to compete for buyer’s attention.

The market will certainly be competitive, and with such strong market stats for Lake Wylie and Fort Mill, homes will most likely not stay on the market long here. Expect the real estate market to thrive in the coming year, and for more details on what’s on the horizon in 2017, be sure to read the full article at Heraldonline.com.

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