Only 29 lots have sold on the Lake this year in Gaston, Mecklenburg and York Counties. The average sales price was $215,000, and days on the market were over 227.

Realistically the glory days in lots sales are over for now and the near future because of the lack of financing. Prices are declining back to the late 1990’s to early 2000 levels. Its a great Buyers Market for Waterfront Properties on the Lake.

117 Waterfront Homes are listed for sale in the area known as Lake Wylie which includes Mecklenburg and Gaston County in NC along with York County SC: also known as area 15

Below are the Stats:

Home prices range from $240,000.00 to $3.5 Million. Only 3 are for sale under $450,000

The average list price is $840,000 and the median price is $699,000

Current days on the Market 151

As of 8/1/13 57 Single Family Homes have Sold and Closed:

The average Sales price was $592,000.000

The average number of days on the Market were  122
 The average sales price to list price was 95%

The average price per squire foot was $187.00

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Check out the full motion video tour of this home

You can see photographs of the home by clicking here

Contact us today to schedule a showing of this fabulous property!

Don Stephens – 704-562-3646
David McCorkle – 704-309-1549

Don has over 35 Years experience in Lake Wylie Waterfront sales and is the most experienced Broker on the Lake with over 400 Waterfront properties sold. Don joins The Lake Wylie Realty Man Team as Partner and Senior Realtor and can be reached at Don@lkwrealty.com or 704-562-3446.

Last 10 Lake Wylie Waterfront Properties Sold

• Housing starts spiked by 7 percent in March to come in at the highest rate since June 2008. In addition, housing starts were up 47 percent since the same period last year.
• The number of mortgages behind on payments or in foreclosure fell in March to the lowest mark since 2008.
• New Home Sales for March increased to come in slightly better than estimates.
• The Mortgage Bankers Association reported small gains in the numbers of loan applications, refinances and purchases.

Not all of the housing news was good last month. Building permits, which are a sign of future construction, did decline slightly. And Existing Home Sales for March came in slightly below expectations. But overall, the housing-related reports were strong and provided further evidence of improvements in the housing sector.

Other economic news wasn’t as positive. Retail Sales for March came in below expectations and marked the largest decline in nine months. However, the rise in payroll taxes, which began in January, is likely a big part of the decline in spending. Consumer Sentiment also fell to its lowest level since July of 2012. And in the manufacturing sector, the Empire Manufacturing Index was much weaker than expected and below the previous month. Those reports indicate that we may see another economic malaise this spring, like we have seen the last couple of years.

What does this mean for home loan rates?

The uncertainty of the economy and continuation of the Fed’s bond purchase program (known as Quantitative Easing) should continue to benefit bonds and home loan rates. That makes now an ideal time to consider purchasing a home or refinancing

As the U.S. Congress considers action on comprehensive tax reform, you can be sure that the National Association of Realtors is doing its best to protect the many long-standing tax incentives to home and property ownership.

These include the following:

• mortgage interest deduction
• capital gains exclusion on the sale of a principal residence
• deduction for mortgage insurance premiums on private mortgage insurance and FHA-backed insurance
• state and local property tax deduction
• carried interest on commercial real estate

We’re going to have to stay on top of the action.  These are complicated issues that will not be settled with a direct up or down vote that affects only real estate.  They may easily be tucked into the language on a larger bill, and things may move very fast when the time comes.

Right now, we’re in the early stages of what we expect will be a long process.  The House Ways & Means Committee and the Senate Finance Committee are holding ongoing meetings on the issues.  As REALTORS^®, we have a seat at the table and are sharing our views.

We tell members of Congress and staff how necessary these incentives are for rebuilding the national economy.  Since we’re in the midst of a fragile recovery, additional housing taxes would crush the real estate market just as it is poised to help lift us out of the economic doldrums

Our goal is to see that the tax code will continue to reflect the fundamental American value that homeownership helps build financial stability.  Not only is this the right policy for housing, it’s also the best for families, for communities and the entire country.

Our government tax policy should encourage homeownership while giving more Americans a chance for their little piece of heaven. 

Contact your Congressman and Senators.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from an upwardly revised 4.94 million in January, and are 10.2 percent above the 4.52 million-unit level seen in February 2012. February sales were at the highest level since the tax credit period of November 2009.

This waterfront lot features over 170’ of shoreline on a deep water cove, perfect location to build your dream Home, gently sloping perfect lot for basement.  Located at 3716 Messina, Lake Wylie, SC 29710.

$295,000

 

Please contact David McCorkle for more information at 704-309-1549