Neighborhood Spotlight: Clarabella

Conveniently located off Shopton Road on the North Carolina side of Lake Wylie, Clarabella is a gem of a neighborhood worth checking out. The growing Steele Creek area is perfect for families of all sizes and is convenient to highways, businesses, employers, and most importantly, Lake Wylie.

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Homes in Clarabella were built within the last 5 years and many of them show like brand new. The neighborhood is pedestrian-friendly, and is close to everything you need including Charlotte Premium Outlets, Carowinds, and Rivergate Shopping Center.

Homes are mostly two story plans with open floor plans, guest suites with full bathrooms, upstairs lofts, and much more. Homes have two car garages, and exteriors have stone and shingle details. Most homes are 3-5 bedrooms and 2.5-3 bathrooms and 2,500 to 3,000 square feet of living space.

There is currently only one home on the market in Clarabella and it is currently under contract. In the last year, just 5 homes sold in the neighborhood with an average sale price of $334,000. These homes are desirable and don’t stay on the market for long.

If you would like to learn more about Clarabella or would like to get on our list so you can be the first to know when a new home comes on the market in Clarabella, call us at 803-831-8588. To view current listings and create custom searches for homes, visit LKWRealty.com

September Market Report

The numbers are out once again from the Canopy Realtor Association. They show the trend once again of low inventory, prices inching up higher, and homes selling quickly. When you look at the entire Charlotte Region, you see that despite more homes being listed than at the same time last year, that inventory has hit a historical low of just a 1.1 month supply. That means that just barely over 5,000 homes are on the market down from just under 10,500 last year.

When you look just at the Lake Wylie area, you see that inventory is down to just a 1.3 month supply, this means that 181 homes are on the market versus 430 last September. This typically means that the seller will have the upper hand in negotiations as there is limited supply so they can command a premium when they do sell.

Average Sales Prices are up 5.5% year over year to $440,675. Sellers are receiving on average 99.4% of list price when they sell. This means that most homes are selling at or above list price so buyers can’t expect any discounts right now.

Homes are selling quickly as well. Last year the average home went from listing to the closing table in 106 days, this year they are selling 10 days quicker at 96 days. This shows that there is high demand for the few homes that are listed right now.

New Listings and Pending Sales are both up, but they aren’t able to overcome the low inventory. The pandemic has exacerbated the already low inventory we have been tracking for the last few years. It remains to be seen if the market will recover quickly or slowly once there is a vaccine.

If you are in the market to buy or sell a home in the Lake Wylie area, call us at 803-831-8588. To view current listings and create custom searches for homes, visit LKWRealty.com

Pandemic Organization

One trend that has emerged out of the Covid-19 pandemic is home organization. There are many books about organization, professionals you can hire, and there are shows on Netflix that will show you amazing before and after transformations. If you are bored in the pandemic, it may be worth a try to make your living space feel better.

Marie Kondo made a splash a few years ago with her KonMari method of home organization. She would have clients take out all of their items in a certain category and only keep the items that “sparked joy”. Her method became so popular that she has two bestselling books and a Netflix show.

A new show to hit the scene is The Home Edit. These two women garnered fame on Instagram for their way of making organization beautiful. They have very famous clients and now a Netflix show that can help you to get started on your space.

Organizing your home is a great thing to do for when you are living there, but it can be equally important when you are getting ready to sell. One of the benefits is making your home feel larger. When you declutter and organize your space feels better and shows better to a potential buyer.

If you are thinking about selling your home, give us a call at 803-831-8588 and we can help you come up with a plan to get your home looking its best so you can get top dollar. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

 

Charlotte Ranked Among Best Places To Live

Once again, Charlotte has been confirmed to be among the best places to live in America. This newest ranking was put together by Livibility.com, a division of Journal Communications Inc. a publisher based in Franklin, Tennessee. Their ranking is for the Top 100 Best Places to Live in America, and it puts Charlotte at number 13 in the nation.

A few other cities in North and South Carolina make the list with Asheville at number 6, and Durham at number 9. Wilmington came in at 43rd and Winston-Salem came in at number 92. In South Carolina, Charleston was ranked 48th, Greenville was 54th, and Columbia was 87th. This puts Charlotte in very good company. The top ranking city in the ranking was Fort Collins, Colorado.

Livability,com ranked more than 1,000 small to midsize cities for this list. They used cities that had a population between 20,000 and 1 million residents. They used more than 40 metrics including economic stability, safety, community engagement, affordability, outdoor recreation, accessibility to determine the ranking.

Charlotte does have a great number of things going for it when people are looking to relocate including sports teams, outdoor spaces, major employers, cultural events, weather, and much more. There are also the two lakes within commuting distance which make weekend trips or living at the lake a great bonus of the city.

If you are interested in relocating to the Lake Wylie area, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

Neighborhood Spotlight: The Landing

Right on the shores of Lake Wylie, you’ll find a serene neighborhood called The Landing. This great community is close to Charlotte, but has lower South Carolina taxes, and is in the top rated Clover school district. This should be enough to entice most people, but then you add on great amenities, community events, and wonderful homes and it’s no wonder these homes don’t last long on the market.

The homes in The Landing are estate style homes with large lots of at least a half acre and plenty of space. Many of the homes have over 3,000 square feet of living space and some have over 6,000 square feet. These homes were built in the early 2000’s and have open floorplans, home offices, and waterfront homes have docks and boathouses.

In addition to these amazing homes, there are great amenities in The Landing. There are 25 boat slips for residents without direct water access. There is also a neighborhood park, clubhouse, and pool. There are around 2 miles of paved walking trails and sidewalks encouraging residents to take advantage of the outdoors. There is a competitive swim team for the kids, and many community events throughout the year.

There are currently 7 homes on the market in The Landing representing 5.6 months of inventory, but of the seven four are already under contract. Typically having 5.6 months of inventory represents a balanced market between buyers and sellers, but with the broader trend of low inventory in the region, sellers may still have the upper hand in negotiations.

In the last year, homes sold for between $365,000 and $1,060,000. This shows the difference between a small interior home and a large waterfront home.

To learn more about The Landing, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

Large Homes In Demand

Many markets across the United States are showing an interesting trend during the time of Covid-19. People are buying larger homes. There had been a trend for a while where people were downsizing and looking at tiny homes. It seemed like such a good idea to have a smaller footprint, and value experiences over things. That time has passed.

With many people now working from home and helping children with virtual school, many families are feeling the pinch of small spaces. Garages are being taken over by learning pods, and finding a quiet corner to take a business call can be a challenge. We are being asked to multitask on a level never seen before. This is where having a larger space can come in really handy.

Many buyers are looking for homes that have separate offices for two adults, as well as a space suitable for virtual school. Outdoor living spaces such as playscapes, pools, or space for lawn games or trampolines are also big selling points.

The place your home is located is not as big of an issue right now either. With work being conducted remotely for most office jobs, your home just has to be connected to speedy internet. This has allowed many people to contemplate moving to a great natural area such as Lake Wylie. The benefits of this are myriad. Not only do you get the fresh air and natural beauty, but you also get to be part of the lake lifestyle now and once this crisis is over.

To learn more about your options for purchasing a larger home in the Lake Wylie area, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

Back Yard Burgers is Open!

Gastonia now has a great option for Burgers! Back Yard Burgers is back in town and they have made some changes that will make everyone feel safer. You’ll get the same great burgers, cooked over an open flame, but with an open kitchen and safety measures for our new Covid-19 era.

The new location is on East Franklin Boulevard and opened on Monday, September 21st. This is the first location to return to the Charlotte area, and it is welcome back. Partners in the business are former Panthers wide receiver Muhsin Muhammed and Axum Capital Partners. Axum is also behind Wild Wing Café nearby on East Franklin.

New menu items include Honey BBQ burger, Bacon Avocado burger, and Mac N Cheese burger. They join old favorites like milkshakes, burgers, and fries.

Innovations due to Covid-19 include improved drive-thru, limited seating capacity and an open kitchen so customers can watch their food being cooked. In the dining room there are high-backed booths with glass separation and one-way flow for customers to navigate the space. Touchless dining is coming next week with a QR code at the table to order and pay. Hours are 10:30 am to 10 pm every day.

To learn more about this new development, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

Neighborhood Spotlight: Clover Meadows

One of the most popular neighborhoods in Clover, South Carolina is our highlight of this week. Homes in Clover Meadows have been the hot ticket lately with most homes selling in less than ten days. Clover Meadows is located in the charming town of Clover, has a premier school district in a great spot close to dining, shopping, and is minutes away from Lake Wylie.

This neighborhood was started in the early 2000’s and there are still some new construction homes available right now. Homes are typically around 1,600 to over 3,600 square feet and have between 3-6 bedrooms and 2-3 full bathrooms. There are single-story homes as well as two-story plans available.

There are currently 12 homes on the market in Clover Meadows which represents 4.1 months of inventory. This is much more balanced than the 3.1 months of inventory in the city of Clover and the 3.4 months in York County. This means that there is currently a balance between buyers and sellers in the neighborhood unlike the Charlotte region which is decidedly in a seller’s market. The average price per square foot has held steady over the past year and the average sales price has risen slowly but steadily over the last year.

The desirable school district paired with lower South Carolina taxes makes Clover Meadows a popular neighborhood, especially with growing families. The neighborhood is also relatively affordable for the region with the average sale price over the last year coming in just under $220,000.

To learn more about Clover Meadows or to schedule a tour of homes, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

New Development on the Horizon

A new development is in the works on Lake Wylie and Little Allison Creek. The proposed project is being put together by Fielding Homes which is a local builder working in the Fort Mill and Lake Wylie areas. Their previous projects include Mason’s Bend and Paddler’s Cove just to name a few.

The new project is called Lakeside Glen and the plans show that it will be a 425-lot single-family residential project. The site sits on 305.7 acres located between Highway 274 and Allison Creek Road.

This project has been in the works for some time, with a preliminary plat originally filed in March of 2015. There have been changes and revisions since the original filing, the most notable has been increasing of minimum lot size.

There are not many more details available at this time so we still don’t know the size or price range of the homes yet. The York County Planning Commission will continue to work with Fielding Homes as this project comes to fruition.

To learn more about this new development, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

August Market Report

The Covid-19 pandemic has changed the game for the real estate market in recent months. The monthly numbers from the Canopy Realtor Association report on the Canopy Multiple Listing Service is out and we have the details.

If you look at the entire Charlotte Region, which includes 12 counties in North Carolina and 4 counties in South Carolina, you see that prices are up, homes are selling quickly and that there are fewer homes on the market.

When you look just at the Lake Wylie area, you see that prices are up, homes are selling quickly, and that there are fewer homes on the market. This is the same trend that is holding true.

In August of last year, there were 427 homes for sale in the Lake Wylie area. This year there are only 190, a decrease of 55.5%.

Homes are going under contract in an average of 45 days, 12 days quicker than last year. The average home is sold 100 days after it is listed, down 8 days from last year.

Prices are up as well, the average list price of a home in Lake Wylie is $456,073, up 9.1% from last August. Sales prices are also up, 5.4% to an average of $432,606.

There are 23.3% more pending sales this year than last year which means that we should have strong sales figures for next month as many of these sales close. There were also 25% more new listings this August showing that we should see many of those homes go under contract to keep the numbers strong for the next few months. Colder weather usually slows the market down, but we may see that happen later than usual since the spring bump was pushed to the summer.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. For more information and to search available homes, be sure to visit LKWRealty.com.