lkw_df

Coming Soon: 15016 High Bluff Court

December 7, 2021 by lkw_df Leave a Comment

Welcome to your new home in the award winning community of Regency at Palisades. This amazing neighborhood has resort style amenities, and a convenient location on the North Carolina side of Lake Wylie. Bring your offers as it won’t last long.

Regency at Palisades amenities include a clubhouse, fitness center, game court, golf course, outdoor pool, playground, sports court, tennis courts, and walking trails. Lake Wylie is also a feature and can be enjoyed for motorized and non-motorized watersports, fishing, birding, hiking, and more.

This stunning home features the highly desirable ranch style Waverly model. You’ll find rare upgrades and features from the oversized side-load garage, to the quartz countertops with cast iron farmhouse sink.

The garage has a work/shop space and still has room to park 2 cars. Also on the exterior you will find a brick facade and fiber cement siding. The welcoming front porch brings you to an open foyer showcasing the open floor plan with abundant natural light leading you to the private back yard. Relax after work on the spacious partially covered back deck, or enjoy your morning coffee out there watching the world wake up.

Back inside the house, you’ll find three good sized bedrooms and two and a half bathrooms in a total of 2,344 square feet. The upgraded gourmet kitchen features a walk-in pantry, Jenn Air gas cooktop, and soft close cabinets. The primary suite was extended and now offers the owner a beautiful retreat with a master bath with a generous tub and separate shower and a large walk-in closet with professional level organization. The separate home office is perfect for those days when you don’t travel in for work.

Schedule your appointment today to view this fabulous home. This rarely available floor plan will sell quickly. Call us at 803-831-8588 to schedule your private tour. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Quail Lakes

December 3, 2021 by lkw_df Leave a Comment

On the North side of York, SC lies a super cute neighborhood called Quail Lakes. These affordable homes have large lots, no HOA, and some homes even have lake frontage on Quail Lake. The lake is perfect for fishing, swimming, or kayaking and canoeing on the lake. You don’t want to miss one of these homes when they hit the market.

Quail Lakes is located off of Highway 161 North and just west of York. This great location is between Kings Mountain, Clover and York so you can have a quick drive to each. It is also an easy drive to Lake Wylie for motorized water sports. You are just 30 miles from the airport, and 35 miles from Uptown Charlotte.

Homes in Quail Lakes were built between 1995 and 2004. Many of the homes have been updated and improved since that time. Most of these homes have lots of at least an acre in size. This means that there is plenty of room for outdoor living spaces, pools, decks, fire pits, tree houses, sports courts and more. Many of the homes have stand-alone garages, some with RV parking, workshops, or apartment spaces. The interiors of these homes are typically three bedrooms and two bathrooms, with lots of natural light and rocking chair front porches.

In the last year, just 5 homes sold in Quail Lakes. They sold for an average of just under $250,000. This means they are affordable for most buyers and that means that they are in high demand. In fact, all of the homes sold within days of being listed with the longest home taking just 12 days to go under contract.

For more information on buying or selling a home in Quail Lakes or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Ridgewood

December 2, 2021 by lkw_df Leave a Comment

If you’re looking for a great home with acreage in the Clover school district, you can’t go wrong with Ridgewood. This small neighborhood has everything you are seeking. Large lots with plenty of privacy are located right off Ridge Road between Clover and Lake Wylie.

With just a few streets and no through streets, Ridgewood is very private. Lots are typically at least half of an acre and up to an acre and a half. This gives residents plenty of room for decks, patios, fire pits, and boat and RV storage. Many homes have outbuildings and still have plenty of yard for lawn games and sports courts. Most have fenced yards with large trees, and there is no HOA.

Homes were built between the 1970’s and early 2000’s. Most have rocking chair front porches and long private driveways with plenty of extra parking for guests. The typical home in Ridgewood has 2-3 bedrooms, 2-3 bathrooms, and 1,300-2,000 square feet of living space. Many of the homes have been

In the past year, four homes sold in Ridgewood with an average sale price of $283,763. All of them went under contract in less than 12 days showing high demand. There are currently two listings in the neighborhood with one already under contract, which got a contract in just two days.

You have to be quick to bid on any home in our tight market. We can help you be ready to go as soon as a new home is listed. For more information on buying or selling a home in Ridgewood or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Where to Find the Best Holiday Lights and Markets around Lake Wylie

November 23, 2021 by lkw_df Leave a Comment

If you’re like us, you’re thinking about all of the celebrations we have missed out on for the last few years. You probably want to make up for lost time, and we have a few great ideas for the best holiday lights and markets to help you start celebrating early. Here are a few of our favorite places for holiday lights:

Carowinds Winterfest – Fort Mill, SC, lights, parade, treats, and activities all for $24.99 per person.
Charlotte Motor Speedway’s Speedway Christmas – Concord, NC, 3.75 mile drive through event, $30-40 per car with a fast pass option for $70/car.
Daniel Stowe Botanical Gardens Holidays at the Garden – Belmont, NC, outdoor event with food trucks, beverages, and marshmallow roasting. $14.95 per adult, savings for seniors, and kids, children under 2 are free.
Festival of Trees in Belmont – Belmont, NC, a free event in historic downtown Belmont.
McAdenville’s Christmas Town USA, McAdenville, NC. This free event is perfect for driving through, or walking.

We also love many of the holiday markets. Here are just a few:

Charlotte Christmas Village – Uptown Charlotte. Shopping and European food and drink options. $5/day or season pass for $35.
Hot Stuff Holiday Market – Plaza Midwood. Crafts, Food, and community. Free.

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

Affordability Crisis, Charlotte and Lake Wylie

November 23, 2021 by lkw_df Leave a Comment

If you live in the Charlotte area, it’s no surprise to you that there is starting to be an affordability crisis. According to Axios Charlotte, you now need to make $70,000 per year to be able to afford the median priced home in the Charlotte region.

That median priced home has climbed dramatically in the last few years from $190,000 in December 2015 to $335,000 as of October 2021. That’s a rise of $145,000 in just under 6 years. To put that in terms of a monthly payment, at 3.61% interest that’s $660/month more on the same home six years later.

That means that you could have financed a $190,000 home at 3.61% interest and had a mortgage payment of $865 per month before taxes and insurance. Today that would cost you $1,525 per month at the same 3.61% rate.

Many people have not seen their wages increase at the same rate as home prices so they are not able to afford a home in this market. This is keeping many people renting that would otherwise already have bought a home.

There can be a disconnect as well when the bank says you can’t afford a home, but your rent is more than the payment on a purchase. More and more people are finding that to be the case because the bank uses more than just the monthly payment to see if you are eligible for a mortgage.

We are starting to see a correction in wages for many industries, but without more supply of homes available for purchase, we are unlikely to see the prices for homes come down anytime soon. It will be interesting to see what the spring brings as we expect many more listings.

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

Neighborhood Spotlight: Adams Bluff

November 18, 2021 by lkw_df Leave a Comment

If you are looking for a sweet craftsman or bungalow style home in Belmont, North Carolina, look no further than Adams Bluff. Homes here are priced just right for a starter home or for downsizing. These vintage homes have unique charm and character and are located close to everything you need.

Adams Bluff is located on the east side of Belmont and is close to shopping, dining, and community events. There is plenty of green space close by with Kevin Loftin Riverfront Park, Ebb Gantt Park, and Crescent Park all within walking distance.

Homes in Adams Bluff were built between 1905 and 2001, though many have been remodeled since they were built. Most of the newer homes mimic the style of the older homes in keeping with the character of the neighborhood. Homes have between 2 and 3 bedrooms and 2 to 2.5 bathrooms. Square footage ranges between 1,000 and 1,500 with easy to maintain lots with mature trees and landscaping.

In the past year, just 6 homes sold in Adams Bluff and all were under contract in a week or less. There is a lot of competition at this price point and most homes sold for over list price, some as much as 109% of list price. The average sales price was just over $250,000.

There are currently two homes for sale in Adams Bluff and both of them went under contract less than 2 days after they were listed. This means you have to be ready to act as soon as one of these homes comes on the market. We can help you have everything lined up so you are ready to make a competitive offer on a new listing.

For more information on buying or selling a home in Adams Bluff or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Lake Wylie Neighborhood Spotlight: Southern Trace

November 18, 2021 by lkw_df Leave a Comment

Just down the road from Palisades Country Club off of Youngblood Road, you’ll find a charming neighborhood called Southern Trace. Located in the rapidly growing Steele Creek region on the North Carolina side of Lake Wylie, Southern Trace is in the perfect location for a quick Uptown commute and a weekend at the lake.

Southern Trace is filled with newer construction homes with all of the bells and whistles. They were built between 2014 and 2018, so they look brand new. These grand homes have between 2,700 and 4,500 square feet with 4 or 5 bedrooms and 2.5 to 5.5 bathrooms. Two or three car garages are standard on each home, and most have outdoor living spaces including pergolas, fire pits, water features and more. Homes have chef’s kitchens, butler’s pantries, home offices, flex spaces, and much more.

In the past year, 17 homes in Southern Trace changed ownership. Most of them went under contract in just one day showing just how desirable these homes are. They sold for between $365,500 and $540,000 with an average sale price of $448,731. There are currently two homes for sale in the neighborhood and they are both already under contract. One got a contract in two day and the other in four days showing that the neighborhood is still highly sought after.

If you want a home in Southern Trace, you have to be able to act quickly when a home comes on the market. We can help you prepare so you are ready to act as soon as a new listing hits. For more information on buying or selling a home in Southern Trace or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

October Market Report – Greater Lake Wylie Area

November 17, 2021 by lkw_df Leave a Comment

The monthly numbers have been published by the Canopy Realtor Association and they confirm that the market is slowing for the holiday season which is a typical trend. Inventory is still tight, maintaining the seller’s market that we have seen for the past few years. Prices are still on the rise and we are still seeing homes sell for above list price. Homes are still selling in an average of 17 days which shows that buyers are still motivated.

When you look at just the Lake Wylie area, you see that in every metric, we are doing better than last year. Home sales are happening faster and selling for more money than last year. They are selling in an average of 21 days on the market. Sellers are typically getting 101.5% of list price for an average sales price of $493,288, up 16.1% from 2020.

While this is great news for sellers, it can be disheartening for buyers. They have to bring more money to the table, and be willing to offer above list price for a home, and they can’t take any time to think over what can be the largest financial decision in their lives. And sellers typically have to turn around and become buyers so they don’t escape the tough parts of the current market.

New listings are up 11.4% in Lake Wylie when compared to last October. Pending sales were up a fraction at 0.8% gain from last October. Closed sales were down in number compared to last year, but year to date are still up 13.7%.

All of this is to say that the market is still robust, and sellers still have the upper hand in negotiations. There are not many deals to be had currently, and we are still seeing multiple offer situations. Mortgage rates are currently still hovering just above 3% for a 30-year fixed rate which is still a great deal for buyers.

If you are ready to buy or sell a home in the Lake Wylie area, call us at 803-831-8588. We can help you get into the home of your dreams. You can view current listings and create custom searches on our website here.