Neighborhood Spotlight: Ivy Ridge

There is a general trend among younger home buyers to go for smaller homes so you can spend more time on experiences outdoors. Among more mature buyers, downsizing is a trend, especially if there are amenities. If this is you, check out D.R. Horton’s newest townhome project in Lake Wylie called Ivy Ridge. You’ll be close to the Lake so you can fully enjoy the outdoors, but you will have a smaller home with low maintenance, wonderful amenities, and a great price point.

Ivy Ridge is under construction now, so you can help make this home fit your family and your unique needs. Ivy Ridge is located at Cypress Point, another new construction neighborhood just across the Buster Boyd Bridge in South Carolina. This is right in the heart of Lake Wylie, but is surrounded by shopping, restaurants, and has easy access to I-485 and I-77.

D.R. Horton is offering three unique floor plans for Ivy Ridge. Each 2-story home features 2 or 3 bedrooms, 2.5 bathrooms, and a one car garage. These open floor plans have between 1674 and 1774 square feet and some plans feature a home office/den. Homes have energy efficient features, home warranties, and thoughtfully planned layouts. Prices start at $222,000 and can go higher depending on the plan and options.

Amenities for the neighborhood include Clubhouse, Pool, Bocce courts and Pickle Ball Courts. Ivy Ridge is currently zoned for award winning Clover Schools, an area of high demand. Just down the road you will find Daniel Stowe Botanical Gardens and McDowell Nature Preserve. The area abounds with golf courses, country clubs, marinas, and even restaurants with boat docks.

Residents of Ivy Ridge are close enough for a commute to Uptown Charlotte, or just a night out to see a concert, catch a game, or visit a museum.

If you want to schedule a private tour of homes in Ivy Ridge, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

August Market Report

Prices in the Charlotte area are on the rise and inventory is shrinking. If it feels like you’ve read this before, you have. This trend has been going on for a while and there appears to be no end in sight. This means that Charlotte is still a popular spot for people to purchase a home, but it can be hard to find the homes of your dreams due to lack of supply. This has led to homes selling above list price and multiple offer situations which can be stressful.

The monthly report from the Charlotte Regional Realtor Association is based on data from their subsidiary the Carolina Multiple Listing Services, Inc. The data is clear, the average sale price of a home in the Charlotte area was up 5.5% over last August. This was an increase from $294,534 to $310,691. This is an increase of $16,157 in just one year.

The supply of homes went down at the same time from 11,413 down to just 9,412. This is a 17.5% decrease and represents a 2.3 month supply of inventory. A balanced market between buyers and sellers is considered to be a 6 month supply.

When you look just at Lake Wylie in the data, you see that the numbers are headed in the same direction. The average sales price of a home in Lake Wylie went from $386,967 last August to $406,428 this August. This $19,461 difference is 5% higher than last year at this time.

The supply of homes in Lake Wylie decreased from 441 to 385. This leaves us with a 3.3 month supply, a decrease of 12.7% from last year.

The most interesting number for Lake Wylie this month is in pending sales. There was a 97.7% increase in pending sales from 88 last August to 174 this August. This bodes well for our sales numbers for next month as many of these additional sales will head to the closing table.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Fall Festivals have Arrived

Labor Day has come and gone and this means that it is almost fall! This amazing time of year is perfect for picking apples, pumpkin patches, and festivals of all sorts. The cooler (hopefully) weather makes being outside with the community a great way to connect. Here are just a few of our favorite festivals close to Lake Wylie:

  • Grandiflora Glass – now through September 29th at Daniel Stowe Botanical Gardens. This is a botanical glass art exhibit within the gardens. Tickets are $14.95 for adults and $7.95 for children with children 2 and under free.
  • Mid Autumn Fest – September 14, 6-9 pm at Daniel Stowe Botanical Gardens. This is an Asian tradition of celebration beneath the harvest moon. Tickets are $14.95 for adults and $7.95 for children with children 2 and under free.
  • The Great Pumpkin Fest – September 14th – October 27th at Carowinds. Free with your $48 park admission, celebrate the season with a corn maze, hay bale maze, challenge course, crafts and more.
  • Flow Fest – September 21st and 22nd 7 am – 10 pm at the U.S. National Whitewater Center. Enjoy two days of yoga, mindfulness, and wellness. Cost is free to attend, workshops are an additional cost.
  • GO FEST – September 26th 6:30-9 pm in Downtown Gastonia. The streets will be closed for live music and local brews and food trucks.
  • Riverfest – September 28th 1-6 pm – Kevin Lofton Park in Belmont. This free festival will include log rolling and kayaking to highlight the river. Expect food trucks and vendor booths.
  • Fall Festival – October 5th 9 am to 6 pm, U. S. National Whitewater Center. Enjoy fall yoga, obstacle courses, apple cider and a build-your-own boat competition. Free to enjoy.
  • 20th Anniversary Festival – October 5th 11 am until 2 pm at Daniel Stowe Botanical Gardens. Visit this family party with petting zoo, crafts and activities. Free to members, $8 adults, $4 kids 2-12, under 2 free.

These are just some of the many festivals worth attending. While you are checking out these festivals, check out the communities they are in. If you are thinking of relocating your family to one of these great spots, call us. If you are interested in a private tour of neighborhoods and homes in the Lake Wylie area, call us at 803-831-8588 to schedule with us. To view current listings and create custom searches, click here.

Neighborhood Spotlight: Liberty Hill

After a beautiful Labor Day weekend, many of us are ready to sell out homes and move to the Lake. That relaxed lifestyle is even more tempting so you can keep that laid-back feeling all year round. If that’s your goal, Liberty Hill is the place for you.

Located off of Handsmill Highway south of Highway 49, Liberty Hill is close to the heart of Lake Wylie, but far enough away to seem secluded. To the North, near the Buster Boyd Bridge you will find shopping, dining, and entertainment. There are restaurants on the water to enjoy the view, or you can drive your boat up and dock. Just across the Bridge, you’ll find additional options at Rivergate. You can tour Daniel Stowe Botanical Gardens or McDowell Nature Preserve just a few minutes away. For the commuting folks, Uptown Charlotte isn’t far, and for work or pleasure, Charlotte Douglas International Airport is close as well.

Liberty Hill is popular because it has no HOA, is zoned for desirable and award winning Clover schools, and has lower South Carolina taxes. In fact, homes in Liberty Hill don’t come on the market often at all. In the last year, only two homes sold in the entire neighborhood. Currently there are three homes on the market with one of them already under contract. Waterfront homes command a premium, but non-waterfront homes still have large lots and many have water views.

Many of the homes in Liberty Hill were custom built around 2007. They have large lots, all over an acre, but some over 3 acres in size. This affords plenty of privacy as well as space for outdoor living. Many homes have pools, decks, fire pits, outdoor kitchens, sports courts, and more. Homes are grand in scale with most homes over 3,000 square feet. The three current listings are all over 6,000 square feet of living space.

If you are interested in a private tour of homes in Liberty Hill, call us at 803-831-8588 to schedule with us. To view current listings and create custom searches, click here to view our website.

Get Top Dollar by Staging Outside

If you want to get top dollar for your home, that starts when people drive up to your home. If you don’t have good curb appeal, it sets the tone for a potential buyer to turn around and not even go inside. If they do come in, it sets them up to think that your home can be had for a bargain price. To make the best first impression on a prospective buyer, you have to stage the outside of your house as well as the inside. Below are some of the best projects you can do to get you top dollar when you sell your home.

The simplest and cheapest upgrade you can do is to clean up your home. Sure, you keep the inside of your home clean, but the exterior probably hasn’t been washed in some time. Pressure washing or just cleaning with a hose to get spider webs, wasp nests, pollen, and dirt away can make a world of difference. Cleaning windows helps let more natural light into your home and can make it sparkle from a distance as well.

If you have a little bit more time and money in your budget, refreshing or replacing part or all of a door or door hardware package is a great next step. Painting or staining an entry door can make it look brand new and replacing hardware can take a dated home and make it look more modern. If there are issues with the door, replacing may be the way to go and will give you a great return on your investment. This goes for garage doors as well because they can be a large percentage of what a buyer will see from the curb. You can also add updated house numbers in a modern font so buyers know they are at the right home.

Landscaping can be a great refresh for your home as well. This can be as involved as hiring a contractor to help you, or just trimming your bushes so people can actually see your home and all of its best features. Planting flowers can add a pop of color or just add a hanging plant or some window boxes to highlight your newly cleaned windows. If you have a larger budget, think of adding lighting, upgrading paths or sidewalks, or refreshing your driveway.

If you have done all of those things and your home still could use more sprucing up, maybe painting the exterior will get you top dollar for your listing. If you have more money in the budget, a contractor can help you clad your exterior with new siding, or improve your facade with stone or brick accents.

If you are thinking about listing your Lake Wylie area home, give us a call at 803-831-8588. To view current listings and create custom searches for your next home, visit our website here.

Explore Oakton

If you’re looking for an exclusive spot in Lake Wylie, homes in Oakton don’t come on the market often and they don’t last long when they do. In fact, in the last year, only one home sold in Oakton after only 5 days on the market. These estate sized homes have wooded large lots, side-entry garages, brick or stone facades, lower SC taxes, and are zoned for award winning Clover public schools.

Oakton is located just off Highway 49 near the Buster Boyd Bridge. This amazing spot has residents close to retail, dining, and entertainment. You are also close to marinas, public boat launches, and restaurants on the water so you can soak in the lake lifestyle. Just across the bridge is Rivergate for additional shopping and dining options. Proximity to I-77 and I-485 means that Uptown Charlotte is convenient, as is Charlotte Douglas International Airport.

Homes in Oakton are grand in scale with many homes over 4,000 square feet of living space. This means that there is room for all of the amenities plus extras. These well appointed homes have gourmet kitchens, studies, open living areas, formal dining, fireplaces, and home offices. Most have at least 4 bedrooms and 2.5 bathrooms.

Many homes in Oakton have outdoor living areas as well to take advantage of the serene setting. This includes decks, patios, in-ground pools, outdoor kitchens, screened-in porches, and sports courts. The neighborhood includes private boat storage for residents.

Homes in Oakton typically sell in the mid-$300’s to the mid-$400’s. These homes were built around 2008-2010 and many of them show like brand new. If you are interested in a home in the heart of Lake Wylie, give us a call at 803-8731-8588 and we will set up a private tour of homes in Oakton or any other Lake Wylie neighborhood. To view current listings and create custom searches, visit our website by clicking here.

YTD Market Reflections

More than half of the year has already passed us by, and the real estate numbers for Lake Wylie look good. In fact, only three areas, Mt. Holly, Moresville, and Harrisburg, had a larger increase in closings. This is great news for current homeowners in the area as they can expect to see a stable market for equity in their homes as well as for resale values. It can be challenging for buyers as it means that the market is strong so finding a home can be tricky.

Lets dig into the numbers a bit, all numbers we are looking at are Year-to-date from January to June and we are comparing 2018 to 2019. All of these figures come from the Multiple Listings Services, Inc which is owned by the Carolina Regional Realtor Association. In 2018 there were 601 home sales that closed. During the same period of 2019, there have been 656. This increase of 55 closings represents a rise of 9.2%.

New listings and pending sales are indicators of how the market will do for the next few months as those will head towards the closing table. In 2018 there were 954 new listings. In 2019 so far there have been 1,019. This is an increase of 65 listings or 6.8%. Pending listings were 677 in 2018 and are at 826 in 2019. Increasing by a whopping 22%, this represents 149 additional pending sales.

Price is the other big factor when comparing data from year to year. One waterfront sale can make a big difference in numbers as the sample size is smaller and can be skewed. In 2018, the average price for a home sold was $395,023 and in 2019 it is $396,509. This is a modest increase of just $1,486 which is just a 0.4% increase. Homes are selling a little bit quicker as well, in just 121 days from list to close. This is a whole week quicker than 2018 at this time.

It appears that the Lake Wylie area can expect the real estate market to remain strong at least for the near future. If you are interested in buying or selling a home near or on Lake Wylie, give us a call at 803-831-8588. You can view current listings and create your own custom searches on our website here.

Neighborhood Spotlight: Harpers Green

If you are looking for an elegant townhome in walking distance to shopping, dining, and close to Lake Wylie, check out Harpers Green. This amazing gated community was built between 2010 and 2014 and is zoned for award winning Clover schools.

Harpers Green is located just west of the intersection of Highway 49 and Highway 557 and close to the Buster Boyd Bridge. This means that residents can quickly get to Uptown Charlotte, Charlotte Douglas International Airport, or public boat launches to ignore the world and be at peace with the lake. Just down the road is McDowell Nature Preserve and additional shopping and dining in The Palisades.

Homes in Harpers Green range in size from 2,000 to 2,200 square feet and have 3 or 4 bedrooms and 2.5 bathrooms. These homes have open floor plans, drop zones just inside the oversized one car garages, and lots of storage. Kitchens have oversized islands and many have stainless appliances.

The exteriors are varied, some with stone accents, some have shed dormers, shingles, or brick accents. Homes have patio areas, some with ceiling fans, yards, and firepits. The homeowners association is responsible for lawn maintenance, exterior maintenance, and trash service.

In the past year, 8 homes in Harpers Green have sold for between $205,000 and $265,000. Homes went under contract after an average of just 23 days on the market. Currently there are seven homes on the market here with four already under contract. List prices range from $215,000 to $252,900.

If you are interested in touring homes in Harpers Green, give us a call at 803-831-8588. You can view current listings and create your own custom searches on our website here.

New Development Needs More Time

County planners for York County, SC met on August 1 to review new housing developments. One of the most exciting projects is for a proposed 224 acres that spans from Bethel School Road all the way to Crowders Creek. This is right behind existing homes in Paddlers Cove and the new sports park which is underway. This plan would be on the south side of the creek. This development is in the initial stages of the process and is under review for the preliminary plat and permitting at this point. As we find out more details we will publish them.

The second major development that was discussed was Meriway Pointe with developer Walton Development. They have asked for another extension for their plan for 449 homes on just about 213 acres on the North of Crowders Creek. These extensions are not uncommon and property owners can request up to 5 each year while in the process. This would be the third extension this year on this particular project.

It looks like getting connected to utilities, specifically water and sewer is the holdup at this point. There are some capacity issues that need to be ironed out that are causing delays. They should be resolved soon and the development schedule will be going once again.

Keep in mind that these projects are proposed and could run into substantial hurdles in the days ahead. Additional issues can always crop up as part of any project, large or small. Some or all of the plans could be altered or eliminated as part of the process.

To read more about these neighborhoods and the planning stages, see the full story in The Herald Online here. To schedule a tour of homes in the Lake Wylie area, call 803-831-8588. To view all current listings and create custom searches, click here.

July Market Report

The monthly market report has been published by the Charlotte Regional Realtor Association. They compile data about the entire region as well as parsing the data by city, town, and subregion from the Multiple Listing Services, Inc. This month it shows that we are once again seeing a shortage of homes which is driving prices higher yet. When homes do come on the market, they aren’t sitting long before they go under contract.

This trend has been going on for a while, but this month there was a steep rise in home prices from last year at this time. This deepens the crisis for buyers even as mortgage interest rates are now sitting below 4%.

The median home price rose 10.4% from $240,000 up to $260,000. Homes are spending an average of 38 days on the market before a sale meaning homes are on the market 85 days from listing to closing. There are currently 9,416 homes on the market, down 15.3% from the 11,123 at this time last year.

When we look just at Lake Wylie, the numbers can be skewed because of smaller sample size, but they don’t look as dire as the entire Charlotte region. Median home price actually decreased slightly from $345,750 down to $341,500, a decrease of 1.2%. There are fourteen more homes on the market now than last year at this time, an increase of 3.4%. There are also 42 more new listings this year at this time vs. last year at this time, an increase of 28.6%.

This is hopeful for the Lake Wylie area where pending sales and closed sales were also up from last year. This means that buyers may be starting to be more equal to sellers in home purchase negotiations. Experts say a balanced market has around 6 months of inventory and Lake Wylie currently has a 3.8 month supply. This is substantially better than the 2.3 month supply for the entire Charlotte region.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.