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Neighborhood Spotlight: Catawba Crest

April 19, 2018 by lkw_df Leave a Comment

Tucked away on one of the deepest coves on Lake Wylie sits a small elegant neighborhood called Catawba Crest. Situated just off Lake Wylie Road, Catawba Crest has a Clover, SC address and feeds to award winning Clover public schools. Convenient shopping, dining, and recreation can be found within a few minutes drive. Access to Uptown Charlotte and the Charlotte Douglas International Airport takes just a short drive. All of these necessities are close by, but you can lose yourself in the peaceful neighborhood on the lake.

Many of the homes in Catawba Crest have water view or waterfront parcels. From these homes you have amazing views of the sunrise and sunset each day over the water. Most of the homes were built between 2001 and 2010 and are in great condition. Many were custom built and include luxury features and many have well over 3,000 square feet of living space. Chef’s kitchens, home offices, and owner’s suites are common. Homes take advantage of the views of the lake and include decks, two story great rooms lined with windows, and screened porches. Homes on the waterfront have boat houses, floating docks, boat lifts, and more. Inland homes have wooded large lots with plenty of privacy.

Current public school zoning for Catawba Crest has children attending Crowders Creek Elementary, Oakridge Middle, and Clover High Schools. Please be sure to verify school assignments as zoning boundaries do occasionally change.

In the past year, homes in Catawba Crest have sold for between $390,000 and $523,000. However, none of those homes was waterfront property which typically command a premium. There are currently two homes listed for sale that are waterfront and they have an average list price of $776,950. There is not much turnover in the neighborhood with only 6 or so homes becoming available each year for the last three years. If you want a home in Catawba Crest, you have to act fast when a home comes on the market.

Neighborhood Spotlight: Timberlake

April 19, 2018 by lkw_df Leave a Comment

Sometimes you can feel lost among the bustle of a growing city like Charlotte. If you are feeling that way, Belmont is a great place to explore. There you will get the small-town lifestyle and slower pace and there is no better spot to do that than Timberlake. The neighborhood sits just 2 miles from the vibrant downtown area with restaurants, local merchants, quaint shops, and lots of historical character.

Timberlake is tucked in a bend of the South Fork Catawba River off of Armstrong Ford Road on the southwest side of Belmont, North Carolina. There is easy access to major highways for a commute to Uptown Charlotte or a trip to Charlotte Douglas International Airport. Closer to home are Daniel Stowe Botanical Gardens, Belmont Abbey College and nearby Lake Wylie.

The original section of Timberlake began in the 1980’s and 1990’s and contains homes with a variety of styles and features. There is also a newer section of 27 homes by builder AV Homes with large homes with more current styling. Many of the newer homes are over 3,000 square feet of living space on lots around a half-acre. Many of these homes have amazing outdoor living spaces including private pools and outdoor kitchens.

Current school zoning for Timberlake includes Belmont Central Elementary School, Belmont Middle School, and Stuart W. Cramer High School. Please verify school assignments as boundary lines can change from one school year to the next.

In the past year, homes in Timberlake have sold for between $179,900 and $460,000. There are currently 2 homes on the market in Timberlake representing a 1.4 month supply of homes. This is much lower than the 4 month supply in Belmont as a while. This means that homes can go quickly.

Neighborhood Spotlight: Windswept Cove

April 14, 2018 by lkw_df Leave a Comment

If you are looking for a waterfront neighborhood with large lots, amazing homes, and fantastic amenities, look no further than Windswept Cove. Many of the homes here are on waterfront lots on Big Allison Creek with picturesque views of the creek and the main channel of Lake Wylie.

Windswept Cove is tucked away and private, but is still close to shopping, dining, and entertainment. If you need more, York and Clover are just 20 minutes away. Rock Hill, SC is 30 minutes away and Uptown Charlotte and Charlotte Douglas International Airport are 45 minutes away. Allison Creek Public Lake Access is a few minutes away across the bridge and has boat landing, ramp, and day dock.

There are 119 custom homesites in Windswept Cove covering 224 acres. Lots are large and waterfront lots average 1.6 acres. This gives privacy and space for outdoor living areas. There are environmental covenants in the neighborhood limiting the mass clearing of trees on homesites ensuring privacy for each home.

Windswept Cove has two entrances that are connected by a sidewalk uniting the two sections. The first entrance is small and has just a few homes on large wooded lots. The second entrance is for the larger section of the neighborhood so has more homes and more streets, but still has wooded lots.

Homes in Windswept Cove vary in size from 2,300 to 7,600 square feet and prices can vary widely due to the size of the home and the type of lot it sits on. These custom homes are packed with luxury features. In the last year, homes in Windswept Cove sold for between $455,000 and $970,000. Many have 3 car garages, home offices, custom cabinetry, hardwood flooring, and fully finished basements.

Many of the homes are on waterfront and include piers and boat docks. For those that do not, there is access to the lake for residents for fishing, boating, and swimming.

In addition to the private spaces these homes enjoy, there are neighborhood amenities for residents and their guests including a pool and clubhouse in addition to the lake access.

Children in Windswept Cove attend award winning Clover Schools including Bethel Clover Elementary, Oakridge Middle, and Clover High. Please be sure to verify school assignments as zoning boundaries can change from one school year to the next.

March Housing Data

April 12, 2018 by lkw_df Leave a Comment

The monthly market report was just released by the Charlotte Regional Realtor Association based on data from the Carolina Multiple Listing Service. In the entire Charlotte region, sales are down, prices are up, and supply is down as well. Lake Wylie has fared a little bit better than the entire region, though numbers could be skewed due to small sample size.

Charlotte has been in a strong sellers market for a long time now, with low inventory and homes commanding higher prices. There is just a two month supply of homes in the entire region, just 8,208 homes currently for sale. This means sellers are getting the best of any deal with multiple offers becoming more common and homes selling sometimes for more than list price.

When you look at the numbers for Lake Wylie, there is a 3.3 month supply of homes. Still a sellers market (6 month supply is generally considered a balanced market), but not as extreme as the whole region. This number is down from March of last year when there was a 3.8 month supply, a decrease of 13.2%.

Contrary to the entire region, Lake Wylie actually had more home sales this year than last. There were 90 homes sold in March, up 13.9% from 79 in 2017. These homes sold for an average of $414,976, up 28.7% over last year. This large swing could be from a few pricey properties skewing the average.

Pending sales are also up over last year, from 135 to 144, a gain of 6.7%. This means that next month we should see strong numbers for closed sales. Slightly more worrying is the number for new listings. They were up from 169 last March to 170 this March, a rise of just 0.6%. This dip in supply could send prices higher during a time when interest rates are already on the rise. It remains to be seen if more sellers will list their properties helping to turn this market around.

Neighborhood Spotlight: Belmont Village

April 6, 2018 by lkw_df Leave a Comment

If you are looking for an amazing new construction custom home in Belmont, North Carolina, look no further than Belmont Village. There won’t be many opportunities in this exclusive enclave of homes from builder Bower Traust.

Belmont Village is located on a U shaped street just off Mellon Road near the intersection with Armstrong Ford Road on the southwest side of Belmont. Nearby are Daniel Stowe Botanical Gardens, Belmont Abbey, Belmont Historical Society, and U.S. National Whitewater Center. Just down the road are the Catawba River and Goat Island Park and Greenway. A commute to Uptown Charlotte will take around 25 minutes and Charlotte Douglas International Airport is just 15 minutes.

Children in Belmont Village attend Belmont Central Elementary School, Belmont Middle School and South Point High School. Please verify school assignments as zoning boundaries can change from time to time.

Homes have between 1,800 to almost 3,000 square feet of living space with rear load detached garages. Full brick exteriors are complemented by wide porches, arched doors, or unique architectural details. Custom shutters, brick paver driveways, and wide windows make these homes more inviting.

Inside you’ll find open floor plans, 9’ ceilings, hardwood flooring, stainless appliances, glass showers, soaker tubs and much more. Many of the homes are pre-wired for sound and smart technology. Private patios in the rear of the homes are great spaces for coffee in the morning or relaxing at the end of the day. Many of the homes have the master on the main floor. Coffered ceilings and custom built-ins are some of the details that really set these homes apart.

In 2017 there were six homes that sold in Belmont Village with an average sale price of $379,019. Some of the homes have sold for over $400,000 as they were full of upgraded features. There are currently 3 homes on the market in various states of construction so you have a chance to make a home truly your own.

Neighborhood Spotlight: Anchorage – Lake Wylie

April 5, 2018 by lkw_df Leave a Comment

If you’re looking for “the good life” as the Tega Cay motto says, look no further than Anchorage. This amazing neighborhood feeds to award winning Fort Mill schools and has a wide range of homes.

Anchorage is located on a peninsula off of the roundabout at the end of Windward Drive close to Pitcairn Park. Homes on the approach to the peninsula are priced starting in the $300’s and prices rise as you get out on the peninsula as those homes all have water frontage. Those homes go for over $1 million and have many luxury features including private pools, cabanas, outdoor bars, private boat docks and more.

The neighborhood has many amenities for residents including a club house, fitness center, golf course, playground, pool, recreation area, tennis courts, walking trails, and of course the lake.

There are many options close by for dining, shopping, fitness, and more in Tega Cay and close by in Fort Mill. An Uptown Commute is convenient via close highway access.

Homes in Anchorage have a wide range of sizes and styles. They were mainly built from the mid-1990’s to the most recent in 2012. Many of the homes are completely custom and include luxury features. There are also many homes which have been fully updated since they were built. Some of the homes have fully finished basements with home offices, game rooms, media rooms and more.

In the past year, homes in Anchorage have sold for between $350,000 and $1.495 million with an average price of $862,000. There is currently one home on the market in this prestigious community which represents a 2.4 month supply of inventory. This is much less than the 5 month inventory for the entirety of Tega Cay.

Children in Anchorage attend top rated Tega Cay Elementary, Gold Hill Middle, and Fort Mill High Schools. Each of these schools receives top marks from CarolinaSchoolHub.com. Please verify school assignments as boundaries can change from time to time.

Fine Waterfront Living: 8560 Lilybet Lane

March 30, 2018 by lkw_df Leave a Comment

If you’re looking for a pristine home on Lake Wylie’s waterfront with a gourmet kitchen and grandfathered enclosed boathouse, look no further than 8560 Lilybet Lane. This amazing home has been completely renovated and has unfinished space over the detached garage that can be turned into income property.

Located on a private cove, you will never have to deal with the wake on the main channel. This makes this property perfect for your own beach. The fully enclosed boathouse has a boat lift and floating dock. Along the shore, a clever fire pit has been constructed with a patio and built in benches perfect for relaxing and watching the sunset. You can also see stunning views from the large lakeside deck along the back of the home, or from the screened in porch.

This property is only 20 minutes from Uptown Charlotte. Just up the street is the Charlotte Yacht Club, and Berewick neighborhood. There is easy access to I-485 and you are minutes from shopping at Charlotte Premium Outlets. Shopping and dining options are also available on Steel Creek Road a few minutes away. If you need to feel like you have more of a retreat, there is a 5.15 acre parcel behind this property that is also for sale at this time which can be subdivided to make a family compound, or kept as a buffer for solitude.

Inside the home, you will find three bedrooms and two bathrooms in a thoughtfully laid out ranch style home with 2,013 square feet of heated living space. Hardwood floors go all through the home. Plentiful windows let in abundant light and lake views. The vaulted ceiling in the living room makes the whole home feel like a retreat. The kitchen is a chef’s dream with dynamic cooking system stove with downdraft vent. The fridge is built in and there is a large stainless farm sink. Stainless appliances and warm wood cabinetry round out the space. The bar space is great for additional seating for entertaining or just for an easy breakfast spot.

Both bathrooms have been recently remodeled with new fixtures, tile, vanities and counters. The master bath has a huge soaking tub and lots of great storage. There is a separate laundry room with storage cabinets and utility sink.

The exterior is constructed with stone and vinyl for minimal maintenance. There are also two separate storage outbuildings on the property perfect for a workshop or storage for kayaks, life preservers, and water toys.

Current zoning has children in the neighborhood attending Berewick Elementary, Kennedy Middle and Olympic High Schools. Please verify school assignments for accuracy.

Don’t miss out on this rare opportunity to own this stunning home currently listed for $699,900. At .83 acres with waterfront, private cove and boathouse, it’s a steal. For more information, check out our full listing page here.

February Market Report

March 29, 2018 by lkw_df Leave a Comment

The Charlotte Regional Realtor Association has released its monthly reporting based on numbers from the Carolina Multiple Listing Services, Inc. According to the report, the Lake Wylie area continues to be strong. Average sales price was up 20.1% year over year to $383,077. Median sales price was also up from $268,201 in February of 2017 to $315,000 in February of 2018, a rise of 17.4%.

At the same time that prices are up, new listings, pending sales and closed sales are also up. At the time of the report, closings were up 30.2% from 53 to 69. Pending sales were up from 73 to 132, a rise of 38.4%. This means that we can expect March numbers to be just as strong as many of the pending sales will close in March.

New listings were up just 8.2% from 122 to 132. This is more encouraging than the entire Charlotte region where new listings were down 1.4%.

Inventory of homes has gone down in Lake Wylie which follows a larger trend throughout the region. There were 314 homes on the market in February of this year, down from 345 last year at this time. This leaves us with a 3.2 month supply of inventory in the region when last year we had 3.9 months. This 17.9% decline mirrors the entire region where inventory is down even further to just a 2.0 month supply.

Low inventory across the region means that sellers generally have the upper hand in real estate transactions. A balanced market between buyers and sellers is generally considered to be a 6 month supply of inventory.

Demand for homes appears to remain strong despite low inventory and now rate increases from the FED. This means that sellers can still expect buyers for homes they list on the market, even with prices edging higher.