Spotlight: Lennar’s Southern Trace neighborhood

Located just around the corner from The Palisades on Youngblood Road is  Southern Trace being built by Lennar Homes.

In addition to being convenient to the interstates, restaurants and retail, Southern Trace is convenient to McDowell Nature Preserve, Lake Wylie and Carowinds. Lake access is really close at the Copperhead Island public boat launch next to McDowell Nature Preserve.

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This is a 5-bedroom hardboard-sided home that sold in Southern Trace.

Access to I-485 is approximately 20 minutes away. Charlotte Douglas International Airport is 12 miles from Southern Trace via Steele Creek Road, and Uptown is just under 40 minutes away depending on traffic. If works take you to the Ballantyne area then that is only 15 miles away. The closest everyday shopping is less than 3 miles away at Rivergate just east of McDowell.

Southern Trace has a pool and cabana for resident use.

The community offers several floor plans for 2- and 3-story homes on average size lots of a half acre or smaller.

Lennar is offering plans from two of its different home collections – Traditions and The Hall. Many of the homes feature brick and stone veneer with hardboard siding and large front porches.

Traditions homes are priced from $276,990s to $346,490s and are sized from 2,642 square feet to 4,734 square feet. Homes in The Hall collection start at $355,490s up to $429,990s. They are considerably larger starting at 3,567 square feet to more than 6,000 square feet. These plans include 3-car garages and 3-story homes.

There are 25 homes currently listed for sale in Southern Trace and all are new construction. Fourteen of the homes are under contract as of March 30.

Lennar sold 34 homes in the community during the last 12 months. Because it is a new home community, the sales data is not very useful for analyzing the market for Southern Trace homes, but the homes that have sold are averaging $100 per square foot.

The neighborhood is zoned for Palisades Park Elementary School, Southwest Middle School and Olympic High School.

There are many great Lake Wylie-area communities to choose from and Southern Trace is a great choice, especially if you want to be near Lake Wylie and also convenient to the Steele Creek area or South Charlotte.

Market spotlight: Masons Crossing on Lake Wylie

Masons Crossing is a waterfront community located in Lake Wylie, South Carolina.   Homes range in size from 2500-5000 square feet with 3 bedrooms and 3 bathrooms to 5 bedrooms and 7 bathrooms.

In Masons Crossing, you don’t have to sacrifice proximity to get waterfront living.  Both I-77 and I-485 are only about 15 miles away, and the subdivision also is convenient to Carowinds, Fort Mill/Rock Hill, and Charlotte-Douglas International Airport.  Masons Crossing is currently zoned for Crowders Creek Elementary School, Oakridge Middle School, and Clover High School.

Over the past year, homes sold in Masons Crossing for an average of about $600,00 and $150/square foot.

Masons Crossing market report

Today, there are 3 homes on the market in Masons Crossing which means there is about 6 months supply in the subdivision.  This puts it in line with the area as a whole and means the market in the area is balanced – neither a strong buyer’s market nor a strong seller’s market.

Housing supply in Masons Crossing

While most of the region is a seller’s market right now, Masons Crossing & Lake Wylie is a great place to look for a waterfront retreat, away from the hustle & bustle of Charlotte but close enough to commute.

Spotlight: The Coves on River Oaks

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The beautiful Coves on River Oaks offers residents large home lots in a peaceful lakeside setting.

Developer May Green Properties planned the 250-acre neighborhood that has just 160 home sites. It is located just north of the intersection of highways 557 and 274. It’s just 2 miles north of the Buster Boyd Bridge.

Aside from the proximity to Lake Wylie and all it has to offer, the neighborhood has walking trails and lots of common area green space. Additionally, it is close to local shopping, dining and restaurants.

Veranda Classic Homes has 6 floor plans to choose from or buyers can choose their own builder for a 3,000-square-foot minimum home size. The homes are priced from the high $400,000s to the $700,000s.

A custom Craftsman-style home that sold in The Coves on River Oaks last year.

Some of the custom builders in The Coves are MJ Palmer Construction Co., Aspen Homes, Beckham Custom Homes and Holmes Construction.

The first 3 phases of the community sold out, and May Green is offering “estate” lots of 4 to 10 acres in size. Even the standard home size lots of 1.4 to 3 acres are large compared to most planned community lots. There are no waterfront lots but many water view lots.

Currently, 8 homes are for sale in The Coves on River Oaks. One home is a 2010 resale home and the rest are new construction. Three are under contract as of March 1.

Only 4 of the 9 homes sold during the last 12 months were resale homes. The average sales price was $582,478, with an average price per square foot of just under $139.

Resale homes sold for an average of 94.5% of list price. The overall sales average was 97% of list price.

Fewer than 1 home sells per month in The Coves, which puts inventory at more than 8 months. Nearby neighborhood The Landing has 9 months of inventory and 9 homes currently listed for sale.

The Coves on River Oaks is zoned for Crowders Creek Elementary, Oak Ridge Middle School and Clover High School.

Seclusion & security in gorgeous River Hills

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A gorgeous waterfront estate in River Hills.

River Hills on Lake Wylie is one of the area’s premier lakeside communities with nearly 1,100 single-family homes and condominiums.

Built in the the 1970s by Hilton Head’s Sea Pines Group, the gated community is built around the championship golf course of River Hills Country Club.

The neighborhood has tennis courts, a fitness center, swimming pools, community gardens and walking trails for residents to enjoy. Homeowners also have lake access via a private, full-service marina and boat slips for owners without waterfront access at their home.

River Hills is on the South Carolina side of Buster Boyd Bridge on Hwy 49 and is only 30 minutes from Rock Hill, Uptown Charlotte, Gastonia or Charlotte-Douglas Airport.

The award-winning Clover School District serves the neighborhood.

For more complete neighborhood details,  see this neighborhood profile.

An average of 5.3 homes sold each month in River Hills during the last 12 months for an average sales price of $324,532.

There are currently 27 homes for sale in River Hills, ranging in price from $200,000 to $830,000. Nine of the homes are already under contract as of Feb. 24.

Six waterfront properties are listed for sale, including this beautiful 3 bedroom, 2 bathroom home that is behind River Hills gates but technically not part of the property and therefore not in the HOA. This is a fantastic way to live on the water  in a secure location without HOA fees! This seller is motivated, and it’s a wonderful opportunity to live on the water!

Twenty-seven homes listed represents approximately 5 months of inventory for the neighborhood, which is less than the 7 months inventory currently for both Lake Wylie and York County.

The highest price of a home sold in the past year was $610,000 for a 5 bedroom, 4 bathroom 5,400-square-foot home on the golf course. The lowest price was a townhome that sold for $137,400. On average, River Hills’ properties sell for 97% of list price.

River Hills is a fantastic property in a prime lakeside location. Its diverse home styles and activities attract all types of people and families. There is something for everyone in River Hills!

Spotlight: Belmont’s Adams Bluff

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If you’re in the market for a house and like the idea of small-town living then look no further than Adams Bluff in beautiful downtown Belmont.

Just 3 blocks from the quaint center of town, Adams Bluff is south of Wilkinson Boulevard between Park and Catawba streets.

Moving to Belmont does not mean giving up conveniences, however. Downtown Belmont is bustling with restaurants, shops and Belmont’s own Rivermen Brewing Co., which will be within walking distance when it moves to its new downtown location on Ervin Street.

For commuters, downtown Charlotte is just 10 miles away, and the airport is only 6 miles. For recreation, the U.S. National Whitewater Center is a quick 6 miles down the road, as is the Daniel Stowe Botanical Garden.

Homes in Adams Bluff range in size from about 1,000 square feet to 2,000 square feet. Despite being so close to downtown, the neighborhood is surrounded by wooded areas and has 4 walking trails throughout.

An average of 1 home has sold per month in Adams Bluff over the last 12 months. Currently, there are 3 homes listed on the market, all of which are under contract. Adams Bluff’s 3 months of market inventory is still well below the average for Belmont and Gaston County, which have 5.2 and 5.4 months, respectively.

Homes have sold for more than list price in the neighborhood during the past year, bringing the average seller discount to just 0.5%. Of the 12 homes sold, only 4 sold for below full list price or more than list price.

The highest and lowest sales prices in the neighborhood were $169,900 and $120,000. Expect to pay an average price per square foot of about $111 in Adams Bluff.

Belmont is rapidly evolving as a standalone destination and not simply a bedroom community for Charlotte’s work force, and Adams Bluff is a perfect place to call home!

Market spotlight: Belle Meade

Belle Meade is a 15-yr-old subdivision about 2 miles south of downtown Belmont, featuring homes that are typically around 4-5 bedrooms and 3,000 square feet.

Over the past year, about 1 home has sold every other month in Belle Meade, and prices have been steady, between $280-$300k and just about $100/sqft.

Belle Meade home values

Belle Meade’s proximity to both I-85 and Wilkinson Boulevard make it a great choice for anyone commuting to Charlotte, or who wants easy access to Charlotte-Douglas International Airport.  It’s also convenient to McAdenville, famous for its Christmas lights.  But proximity to amenities comes at less of a price in Gaston County, where taxes are lower than Mecklenburg, despite being just across the river.

While most of the area is a strong seller’s market right now, Belle Meade has some inventory, with 4 homes currently for sale (though 1 is under contract).   Belle Meade & Gaston county both have between 5-6 months of inventory, which suggests a balanced market.  Over the past year, sellers in Belle Meade have only had to come off their price about 3%.

So if you’re looking for a convenient location & small-town charm, give Belle Meade & Belmont a try!

Escape hectic life in Heron Cove

Screen Shot 2016-01-14 at 7.46.40 PMHeron Cove on Lake Wylie is the best of work and play. Its location makes traveling to Charlotte or Rock Hill a quick commute, less than 20 minutes for both. For recreation, all of Lake Wylie’s 12,000-plus acres is out your door to be enjoyed!

The neighborhood of 104 home sites, located just west of the Buster Boyd Bridge, is full of custom homes built by 5 builders on lots of a half acre to 1.5 acres. There is a community pool, walking trails and Lake Park for residents to enjoy.

The nearby River Hills Plantation Country Club features an 18-hole golf course, tennis courts, a fitness center and other amenities. Daniel Stowe Botanical Garden is nearby, as is Coffer Dam, one of the best fishing spots on the lake. McDowell Nature Preserve is just across the bridge on Highway 49. The 1,100-acre preserve is largely undeveloped and home to lots of wildlife.

Homes in Heron Cove range from the $400,000s to $900,000s. According to the Heron Cove Web site, there are still interior and waterfront lots available.

Currently, there are 3 homes listed on the market in Heron Cove. Over the last 12 months fewer than 1 home per month has sold. The average sales price is $486,737. The average price per square foot is just under $127.

Six homes sold in Heron Cove in 2015 for an average of 98% of list price.

If you’re interested in living on the lake then take a look in Heron Cove. The real estate market heats up with the weather, and you don’t want to miss out on Lake Wylie life!

Market spotlight: Forest Cove

forestcoveThe waterfront neighborhood of Forest Cove is the best of  both worlds offering proximity to the northern end of Lake Wylie as well as an easy commute to the larger city amenities of Charlotte, which is a mere 20 minutes away.

While some Forest Cove homes are waterfront, all home owners have access to community boat slips. The neighborhood is 3 miles from the beautiful Daniel Stowe Botanical Gardens and 7 miles from quaint downtown Belmont.

Just 4 homes in Forest Cove have sold in the last 12 months. Those homes sold for an average of 97% of list price. Currently, there are 2 homes on the market in Forest Cove, one of which is a waterfront property built in the mid-1980s.

The highest sold price for the last 12 months is $451,500; the lowest sold price is $285,000.

In the last 12 months, an average of 0.3 homes have sold per month. With 2 currently on the market, that gives Forest Cove about 6 months of inventory, which is slightly higher than Belmont’s 5.7 months of inventory.

The average sales price and average price per square foot for during the last 12 months is $344,875 and $110.36, respectively.

Spotlight on Somerset at Autumn Cove

Screen Shot 2015-12-22 at 8.48.32 PM    Maybe you cannot afford the lakeside home of your dreams that costs well over $1 million…yet. That’s okay. Somerset at Autumn Cove homes start in the low $220s and offer the amenities and views of the lake without breaking the bank.

Eastwood Homes is still building out the neighborhood, which offers a community pool, walking trails and a boat storage area. If picking out one of 11 floor plans and design details isn’t your cup of tea, there are currently 13 homes on the market there that are move-in ready.  Seven of those listings are already under contract.

The highest list price is currently $850,000 and lowest $226,990. The average sold price is just over $321,000.

Screen Shot 2015-12-22 at 8.59.20 PMScreen Shot 2015-12-22 at 8.59.29 PMThe number of homes sold per month is approximately 1.7 for the last 12 months.
That number is up to 2.3 for the last 3 months. The average sales price and price per square foot are also trending upward to just over $320,000 and nearly $112, respectively.

Somerset has about 7.8 months of inventory on the market right now, given that fewer than 2 homes per month are selling. Established Autumn Cove at Lake Wylie has just under 3 months of inventory on the market. Clover and York County both average about 7 months of inventory.

Lake Wylie Realty welcomes Patti Elam

Patti PhotoLake Wylie Realty is pleased to announce the addition of North Carolina, South Carolina Broker/Realtor to the Team Patti brings over 30 years of experience to the Company and will specialize in all phases of the Industry. Contact Patti at 704-309-6912 or email at http://www.patti@lkwrealty.com