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!

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!

York County Council Asking to Vote on Concrete Plant

In mid-August, county planners met and discussed plans for a concrete plant on Bethel School Road. Although this plan has not yet been approved, city council members are worried about its effects on citizens and how much they would be able to interfere to help. This issue has sparked a conversation about what the county should allow without a council vote.

As it stands, if land uses are listed in zoning and the project meets density, building, and traffic requirements, there is little a city council can do to stop something from being built. In the case that a special exception is made, the proposals can go to vote on the council, which is what leaders are trying to do in the case of the concrete plant.

People have argued both for and against building this new plant. Many people do not want the plant so close to family homes and rural areas. But many others supported the economic development that new business would bring to the area. It has also been compared to a plant at another site that has been causing traffic problems. The county’s main concerns are what the plant would do to the property value of homes in the area as well as potential traffic problems it could cause on a small road headed to a school.

If the county decides to make concrete and quarry plans an exception, the council would be allowed to vote on each issue and look at each one individually in terms of how it would affect the community rather than companies just being able to build whenever zoning allows it.

Council members say that zoning in the area is outdated and are working hard to change that. It is unclear how quickly these changes can come but to read more about what council members are doing to progress and what potential affects of a concrete plant would be, be sure to check out the full article at www.heraldonline.com

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!

More potential development for Lake Wylie, Fort Mill and more

Plenty of residential and commercial development is on the horizon in Lake Wylie, Fort Mill and all over York County. Many projects are still in the planning phases, but locals  could expect some big changes around town.

Lake Wiley’s Mill Creek Commons could be the potential new site for a new apartment community right across from the Harpers Green subdivision. This will be a significant residential addition as Mill Creek Commons is already home to many commercial retailers, including Walmart, Lowe’s, McDonald’s, Bank of America, Wachovia, Walgreens and Zaxby’s.

Furthermore, the 13-acre Public Storage site at the corner of Bonum Road and SC 49 could be home to even more new mini warehouses.

Fort Mill may be getting a new vet clinic at the North Carolina state line just off of Hamilton Place. Also in Fort Mill, a 5,000 square-foot space at 3004 US could undergoing a change from retail space to restaurant space.

There are also talks of building a 157-lot subdivision in the Rock Hill area just east of Hands Mill Highway. County planners are also discussing expanding another home subdivision at Shadow Lane and Brush Creek Road, and expanding a single-family subdivision west of SC 901.

These are just a few of the projects that county and city planners are deliberating over. For more details on these potential developments and others in the area, be sure to read the full article at heraldonline.com.

 

Shiloh Farms beauty: 1490 Canter Lane

An absolutely beautiful new listing is available in Shiloh Farms that features 3,200 square feet with four bedrooms and three bathrooms on a massive 10.8-acre lot. The property is also home to a guest house with detached eight-car garage. Horses are welcome on the property that features a fishing hole and beautiful view of the 32-acre community lake just over the dam. This is a perfect place to live for horse owners or horse lovers, and the neighborhood offers plenty of outdoor recreational options.


This desirable home was built in 2008 and has solid wood floors, crown molding, and tray ceilings. The large kitchen features granite countertops, a double wall oven, a large island and plenty of cabinet space. The master bathroom features a tile shower, whirlpool tub and double vanity, and there is tons of walk-in storage space throughout the entire home, including the attic and crawl space. This home also features a generously-sized front porch as well as a bonus heated sunroom.

Shiloh Farms is a lovely community of stately homes situated on expansive lots in York, South Carolina. It is conveniently located between the I-77 and I-85 corridors. York offers a strong sense of community and a slower pace than the big city metropolis of Charlotte. Furthermore, Shiloh Farms is located just 25 minutes from Lake Wylie, which offers plenty of outdoor recreation and charm. Plus, residents can take advantage of South Carolina’s lower taxes.

This property in Shiloh Farms just hit the market and it is listed at $714,900, and for more information on this home and others like it, 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.