lkw_df

Neighborhood Spotlight: Tioga Point Lake Wylie

December 31, 2022 by lkw_df Leave a Comment

If you are looking for a home with a large yard right on the shores of Lake Wylie, South Carolina, Tioga Point could be the place for you. This great neighborhood boasts executive style homes with all of the features you could need or want. They are located on the South Carolina side of the lake so they have lower taxes, but still feed to award winning Clover schools.

Tioga Point is located Just off Lake Wylie Road near the intersection where Highway 49 and Handsmill Highway intersect. Just to the North is Lake Wylie proper with restaurants, public lake access, and shopping. Just across the Buster Boyd Bridge, you will find Rivergate with many more options for shopping, dining, and entertainment.

Homes in Tioga Point don’t come up for sale very often. In fact, just three homes sold in the last 12 months. They sold for an average of $605,000 and all three were interior wooded lots with mature landscaping. Homes with lake frontage command a premium and can sell for substantially more, but rarely come on the market.

The typical home in Tioga Point has 4 or 5 bedrooms, 3 or 3 ½ bathrooms, and between 2,800 and 3,500 square feet of heated living area. Most of the homes were custom built and have features like gourmet kitchens, home offices, in-ground salt water pools, and custom decks to enjoy the out-of-doors. These homes were built between 2002 and 2006 and many have been upgraded since they were built.

There are currently no homes for sale in Tioga Point, but we can help you be ready as soon as one of these homes is available. There are some steps to take so you can be sure you can get the home of your dreams. Give us a call at 803-831-8588 and we will help you get started.

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

Clover Schools Move to Modified Calendar

December 21, 2022 by lkw_df Leave a Comment

Students in Clover Schools will have a different school calendar next year. They will officially start the school year earlier in August, the 8th 2023, and will be on a year-round modified calendar. This means additional breaks and a few early release dates. This was adopted last week by the Clover School District Board of Trustees.

In addition to the school year starting earlier, there will be days that students head home for early release. These days are so teachers can have additional planning time. These early release dates are all on Fridays, September 1st, November 17th in 2023, and February 9th and April 26th in 2024.

In addition to the current breaks for Thanksgiving and winter holidays, there will be two “inter-session” breaks. These “inter-session” breaks will each be for a week, one October 9-13 and one February 19-23. The end date for the school calendar and graduation will be May 30, 2024.

State law enacted in 2006 states that the school year for public schools in South Carolina can’t begin before the third Monday in August. The only way around that law is if a school operates on a year-round modified calendar. Clover School District had a lot of community conversations before making this change. They sent out surveys and found that most of the respondents agreed with the change.

There will be some concerns that will have to be dealt with before the change occurs. Many parents were concerned about sports schedules, and most importantly, childcare during breaks and early release days. The school system is already planning to provide childcare for the early release days so one worry is already taken care of. District leaders are working on the other concerns and plan to release more information in January.

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

Home Prices Holding/Charlotte Lake Wylie

December 21, 2022 by lkw_df Leave a Comment

For many parts of the country, we have seen prices go up with no end in sight to the growth. Charlotte has been one of the cities where we have seen consistent growth in prices for homes. This growth has been fueled in recent years by lack of supply of homes. With fewer homes available and more people moving to the area, we were at a critical point where homes were seeing multiple offers for over list price and buyers foregoing inspections and more to win contracts.

Experts are saying that many parts of the country are due for a correction. This would stabilize the market and keep consumer confidence high. But, those experts are saying that the Charlotte market won’t see a dramatic price decline that other places may see. This retention of prices is great for sellers, but will continue to stretch buyers. For people staying put, it can stretch them when it comes time for tax reassessments.

Existing home sales have been falling nationwide for the past nine months. The trend we are seeing in the Charlotte area is that pending home sales have declined. This shows buyer demand has slowed. Homes are staying on the market longer before going under contract. There is also more inventory of homes for sale.

These conditions usually coincide with prices coming down, but they are still rising in the area. In fact, the Canopy Realtor Association reports that the median sales price grew 16.9% up from $325,000 to $379,990 when you compare January through November of 2021 to the same period in 2022.

Job growth in the region should keep the area desirable, but with more inventory of homes for sale, buyers don’t just have to get the first home available, and they are less likely to lose out on homes due to multiple offers. Hopefully inventory will continue to rise and a price correction could follow.

For more information about buying and selling homes 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: The Sanctuary Lake Wylie

December 15, 2022 by lkw_df Leave a Comment

If you are looking for a tranquil luxury retreat, The Sanctuary on the shores of Lake Wylie lives up to its name. This exclusive community comprises 1,350 acres of wooded land with 22 miles of trails for cycling, hiking, or walking through this natural paradise. Homes are tucked away throughout with lots sized between 2 and 13+ acres affording privacy.

When you don’t want privacy, you can take advantage of the community resources. Amenities include a Junior Olympic Pool, splash pad, tennis courts, and pickle ball courts. There is a central lodge with a 24/7 fitness center, kids room, and gathering spaces that are available for use or for rental for private events. Lake access is available for residents with activities like boating, kayaking, swimming, and canoeing. Homes without direct water access can lease dock slips.

All of this comes just 20 minutes from Uptown Charlotte with quick access to the highway. There are many options for dining, shopping, and entertainment in nearby Steele Creek to the Southeast or towards the Northeast near Charlotte Premium Outlets.

Custom homes in The Sanctuary are impressive and come with features you don’t find everywhere. Most of these grand homes have over 5,000 square feet of living space and features such as multiple primary suites, private home spas, elevators, quarters for live-in help, and pool houses. Some of the homes have separate guest houses, while some have extensive home theaters and game rooms. Many have wine cellars, home offices, master chef’s kitchens, and all of the custom touches you can dream of.

When completed, The Sanctuary will have 187 homes. There are currently 14 lots for sale perfect for bringing your own custom builder or using one of the 15 custom builders that have already been approved in the neighborhood. Many of the sites are perfect for basement style plans

If you are not the type of person who wants to do a custom build, there are 4 existing homes on the market. In the past year, 13 homes sold for an average sales price of just over $2 million. Prices can vary widely depending on the size and positioning of the property and if it has private lake access.

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

November Market Report – Greater Lake Wylie Area

December 14, 2022 by lkw_df Leave a Comment

The real estate market in the Charlotte area is seeing a rise in inventory, but have not yet seen a corresponding fall in prices. The homes that are for sale are staying on the market longer before going under contract, and are now averaging 95.7% of list price received. This is down 4.5% from 100.2% at this time last year. What this means is that we are seeing fewer homes receiving multiple offers and homes are no longer expecting to sell for above list price. This is a great relief for buyers.

When you look at the numbers for the Greater Lake Wylie Area, you see most of the same trend. We are seeing a rise in inventory, from 149 homes for sale last November to 185 homes this November representing an increase of 24.2%.

Homes are staying on the market longer before going under contract. Last November they averaged 21 days, but this November we are sitting at 37 days. This can feel like an agonizingly long time to sellers who were used to the crazy market we saw last year, but homes are still selling even with higher interest rates on loans.

Homes are selling for less than list price on average. Last November, we were seeing many multiple offer situations driving prices to an average of 100.8% of list price. This November we are seeing fewer homes getting multiple offers and the average is now 94.5%. This can mean a big savings for buyers as a $500,000 home could have cost them $504,000 last year could cost only $472,500 this year, a savings of $31,500.

Prices however are still climbing, with the average year-to-date up 19.3% from last year. This increase was from $495,143 last year up to $590,523 this year, or an increase of $95,380. This still puts sellers in a great position even if they are not getting above list price, they are still selling their homes for more money overall.

For more information about the real estate market or about buying and selling homes 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, Clover Neighborhood Spotlight: Vanderlakes

December 9, 2022 by lkw_df Leave a Comment

If you want to live near Lake Wylie, but have always wanted a home with acreage, you can have both if you come to Vanderlakes. This amazing neighborhood feeds to award winning Clover schools and enjoys lower South Carolina taxes. Homes have between one and two and a half acres of land, and feel like retreats. There are even stocked ponds in the neighborhood perfect for a relaxing morning fishing.

Vanderlakes is located just off South Paraham Road south of Highway 49. This great location is away from the traffic of the lake, but is close to public boat ramps and private yacht clubs perfect for enjoying the lake lifestyle. Right down the road you will find restaurants, shopping, and entertainment. Uptown Charlotte is right about a half-hour away making an easy commute or a quick trip in to see a show or catch a game.

Custom built homes in Vanderlakes were built in the early 2000’s. Most homes have near or greater than 3,000 square feet of living space. Many of the homes were upgraded in the last few years to include home offices, in-ground pools, outdoor kitchens, and/or sports courts. Many have extensive landscaping including patios, terraces, or decks to enjoy the outdoors any time of year. Homes have between 3 and 5 bedrooms and 2.5 to 4 bathrooms. Primary suites are sumptuous

In the past two years, just 4 homes changed owners in Vanderlakes showing that once you are a part of the neighborhood, you just don’t want to leave. Almost all of the homes sold in less than a week on the market with one selling the day it was listed. Average sales price was just over $600,000. There are not any homes for sale in Vanderlakes at present, but we can help you be ready as soon as one of these gems is listed for sale.

For more information about Vanderlakes or about buying and selling homes 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: Chateau

December 8, 2022 by lkw_df Leave a Comment

The work Chateau evokes visions of elegance and that’s just what you will find in the Chateau neighborhood in the Steele Creek area near the shores of Lake Wylie. Builder Lennar Homes if offering two distinct single family home collections as well as townhomes. Homes have moderate price points, and are conveniently located near shopping, dining, and highway access.

Located off Smith Road, Chateau is walking distance to River Gate Elementary school. This family friendly neighborhood features resort style amenities including a clubhouse, swimming pool with splash zone for smaller children. There are tennis courts, and sidewalks connecting to walking trails perfect for a morning run, dog walk, or bike ride. There is also a playground and neighborhood events throughout the year to foster the community.

Homes in Chateau are divided between the Traditions and Enclave sections. These homes have open concept floor plans, sumptuous primary suits, and second floor laundry facilities. They range from 2,205 to 4,734 square feet with 4 to 6 bedrooms and 2.5 to 5.5 bathrooms. There are 13 plans to choose from, but they can be customized to make them work perfectly for your family.

In the past year, seven townhomes sold in Chateau for a range between $339,999 and $436,759. Thirty nine detached single-family homes sold for a range between $387,000 and $615,000. There are currently 19 townhomes and 14 single family homes for sale in Chateau. Many of these are new construction homes, but there are a few existing homes listed for sale.

To schedule a private tour of a home in Chateau or for more information about buying and selling homes 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 Sunset Ridge Lake Wylie

December 2, 2022 by lkw_df Leave a Comment

If you are looking for a unique home in a highly desired community, look no further than Sunset Ridge. This amazing spot is located along Lake Wylie Road near Highway 49 in the heart of Lake Wylie. Properties rarely change owners in Sunset Ridge with only 11 homes selling in the community since 2017.

It’s easy to see why Sunset Ridge is so desirable. It is zoned for award winning Clover schools, is close to public boat ramps, and it is close to restaurants, shopping, and everything else you need. It is also easy to get to the highway to be connected with Uptown Charlotte quickly for a commute or a visit.

Homes in Sunset Ridge were all custom built and sit on large lots, some close to two acres in size. This means that you have plenty of outdoor living space included in these homes like pools, sports courts, outdoor kitchens, outdoor living areas, and more.

These grand homes all have well over 3,000 square feet and are filled with custom features. Many of these homes have gourmet kitchens, multiple decks and terraces, lush landscaping, sumptuous primary suites, and much more. Some even have backup generators, spa-like bathrooms, home offices, ample storage, and much more.

In the past year, only one home sold in Sunset Ridge. It was a 5 bedroom, 3.5 bathroom home with a three car garage and 3,672 square feet. It sold in June for $760,000 the day it was listed for sale. This shows how desirable this neighborhood remains. There are currently no homes available in Sunset Ridge, but we can help you get ready so you can make your offer as soon as one of these amazing homes is listed for sale.

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