Lake Wylie and and US Real Estate Market Report

The steadily improving US economy, sustained job growth and rising confidence that now is a good time to buy a Home should pave the way for an increase in existing Homes sales in 2018 according to forecasts by the National Association of Realtors.

Nationally existing Home sales will finish at a pace of 5.47 million the best since 2006 but still about 1.1 million less than that all-time best mark.

The lack of inventory has pushed prices up 48% from the low point of 2011, locally the Steele Creek area remains one of the hottest markets in the Country, the population is expected to jump 20-25% over the next 5 years, and for most of us originally from the area this is both a blessing and a curse.

Closings in the past 6 months are at 834 with 211 under contract and currently 221 listed for sale.

Prices on Waterfront Homes have steadily gone up and finding anything under $600,000 is tough sailing. Homes for sale are at an all-time low at this writing of only 78.  Median price is over $750,000 all record breakers.

Enough of the boring stats, if you’re planning to buy a Home or Condo now should be it, sitting on the fence so to speak is going to price you out of that dream Home. Quarterly prices have been increasing in some areas by 8% in the Charlotte area.

Buyers in the region are flocking to areas closer to Uptown Charlotte and prices are skyrocketing. Commute times and just being closer to the action seem to be the driving force. As traffic worsens that trend will surely continue and speaking of traffic it seems that it increases daily.

As a former member of the York County Planning Commission I always said the reason people left their former Cities and Towns and moved to this area will be the same reason they leave this area, Taxes, traffic, crime and poor planning.

David has been a Real Estate Broker, Developer and Contractor in the Charlotte area for 40 years and is currently Principle Broker and Partner of Lake Wylie Realty, David and his wife Karen live on Lake Wylie and are both Charlotte natives.

Copyright 2017 David McCorkle

Custom Catawba Crest Home: 120 Summerfield Court

Catawba Crest is one of the most beautiful neighborhoods in the sought after Lake Wylie area. And now, there is a beautiful custom-built home on the market situated on a private one and a half acre lot at 120 Summerfield Court. This four bedroom, three and a half bathroom home totals 3,115 square feet and features a desirable open floor plan while also offering plenty of privacy.

The chef’s kitchen features granite countertops, beautiful cabinetry with plenty of storage space, stainless steel appliances and more. The living room features a fireplace and built-in shelving and cabinetry, as well as stunning vaulted ceilings.

In addition to the four bedrooms, there is also a bonus room as well as a screened in porch. Custom built-ins can be found in rooms throughout the home, and the master bathroom features a generously sized soaking tub as well as a walk in shower.

The oversized lot allows for a simply fantastic yard and recreational space. Plus, the yard is fenced and there is an attached two car garage with electric garage door opener.

The home is located on the South Carolina side of Lake Wylie and thus, the homeowners here can take advantage of lower South Carolina taxes and all of the amenities and recereation that Lake Wylie has to offer.

Priced at $415,000, this home is sure to be somebody’s perfect fit. For more information and details on this property or others like it, be sure to visit

Lake Wylie rezoning could mean more homes

A property totaling nearly 180 acres in Lake Wylie is up for rezoning, and if the county approves, 178 new homes would be built on this land located between Three Points and the Pole Branch intersection at 457 Highway 274 along Mill Creek.

The current zoning of the property does not allow for apartments and only permits one home unit per lot “not on less than an acre each and the total site can’t exceed a two acre per unit average.” The potential rezoning, which will not be confirmed until mid July at the earliest, would only alter the rules pertaining to lot size, and would not “limit how many homes can be built by acreage.”  The goal of the rezoning is to build up the neighborhood and to expand the growth there.

The new community of homes plans to showcase and amenity area that would be facing the lake. Plus, residents could take full advantage of all of the perks of living in Lake Wylie, with endless recreation and easy access to all the area’s conveniences, as well as a simple commute to the big city of Charlotte.

For more details and information on this possible rezoning that would lead to a large residential development, as well as what it would mean for one of the busiest intersections in the Lake Wylie area, be sure to read the full article at

Popular restaurant opens new Lake Wylie location

The lake Wylie area just continues to grow and recently had yet another restaurant opening to add to its ever-growing list of dining options.

The much anticipated Sake Express Japanese steakhouse and Sushi just opened its fourth  location in Mill Creek Commons Center in Lake Wylie. This recent opening is the largest of the four locations that are currently open in Belmont, Mount Holly and Gastonia.

Totaling 4,900 square feet of cooking and dining pleasure, locals and visitors alike can take advantage of great Japanese food from 10 AM to 10:30 PM Monday through Saturday and from 11 AM to 9 PM on Sunday.  The menu features creative sushi rolls, bento boxes, Teppanyaki noodles, and so much more. The restaurant prides itself on great food and fantastic service, and it is a wonderful spot for families or a date night.

Mill Creek Commons is strategically located at the intersection of SC Highway 274 and SC Highway 557 and is a 75-acre master-planned retail development anchored by Lowes Home Improvement and Walmart. The shopping center also includes a “proposed 14.59-acre junior box retail development and 10 outparcels.” Five outparcels have already been sold or leased to Bank of America, Wachovia, Walgreens, Zaxby’s and McDonald’s. There are still five out parcels left for sale or lease.
For more details and information on this new dining option in Mill Creek Commons, check out the article at

Lake Wylie Custom Home: 2 Old Stage Trail

Check out this beautiful home located in the incredibly sought after neighborhood of River Hills Plantation. This custom stunner was built by Simonini and features five bedrooms and four and a half bathrooms and is a total of 3,759 square feet. There are many beautiful updates throughout the home, with huge windows letting in plenty of natural light. There are hardwood floors throughout, stainless steel appliances in the kitchen, gorgeous finishes in every room of the house, and fantastic outdoor patio space to boot.

The master suite is situated on the main level as is a guest bedroom and full guest bathroom. Additionally, there is also a finished room over the two-car garage.

The home is conveniently located within walking distance to Southpoint Beach, and it is set in a community that features gated security, a golf course, tennis courts, a country club and a marina, allowing residents here to truly enjoy resort-style living at its best.

Situated on the South Carolina side of the Lake Wylie area, residents here can take advantage of lower South Carolina taxes and all of the conveniences and amenities that Lake Wylie has to offer, as well as an easy drive to the bustling metropolis of Center City Charlotte.

This stunning home is priced at $499,000 and is sure to be somebody’s dream home. For more details on this property and others like it, be sure to visit

New high school opening in Fort Mill

Fort Mill’s growing community and thriving Saint Anne Catholic School mean big changes for the local school.
A new high school will be opening in Fort Mill this fall, as Saint Anne High School will be moving from its Rock Hill campus to Saint Philip Neri Catholic Church in Fort Mill.  Only the high school will be held at the Fort Mill church, while pre-K through middle school classes will still be held at Saint Anne Catholic School in Rock Hill.

In 2012, Saint Anne was accredited, and in 2014, it expanded to include pre-kindergarten all the way through grade 12. The high school originally began with only six students and is now up to 50. They have been looking for more space for over a year and have finally found it at the Saint Philip Neri Catholic Church. The school as a whole is up to approximately 350 total students.

The school’s move fills a practical need, as it clearly needed more space, and it is also representative of the growing Fort Mill population and community. Feedback from the community has been extremely positive and parents of the Saint Anne students have supported the move. Saint Anne has students from Charlotte, Chester, Fort Mill, Indian Land, Lake Wylie and York, as well as Rock Hill.

For more details and information on this new school’s move and expansion and what it means for the Fort Mill community, be sure to read the full article at

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

New eateries and more at Kingsley in Fort Mill

The new Kingsley Village Town Center in Fort Mill is in a prime location for restaurants, and plenty of chain eateries have taken notice and are getting ready to move in. Located just off of exit 85 from Interstate 77, the shopping center is now home to one of its largest anticipated restaurants, Carolina Ale House, which can seat up to 350 guests inside as well as an additional 150 guests outside. It is a convenient location for families with kids to eat at and then walk around a bit, and there are patrons who frequent the restaurant for drinks after playing golf nearby. Furthermore, Carolina Ale House is perhaps the largest restaurant employer in Fort Mill. With 70 TV screens and a diverse menu, the restaurant has a little something for everyone.

In addition to the newest 7,000 square-foot Carolina Ale House, additional upcoming restaurant tenants include a Starbucks coffee shop, a Smashburger, a Panera Bread, a Clean Juice bar, A Brixx pizza place, and a Corkscrew Winery, for now.

Kingsley Village is a mixed-use development occupying 626 acres and a recently opened new Courtyard Marriott hotel with 125 guest rooms. Additionally, 200 apartments are also planned for the development, and 48 of which will be located above retail shops in the town center. Kingsley Village is also home to Lash Group, which plans to employ 2,400 people at its facility, as well as LPL Financial, which expects 3,000 employees at its Kingsley facility.

Kingsley is a rapidly developing area, and for more details and information on what is to come, be sure to check out the full article at

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

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