Lake Wylie Blog

August Market Report – Greater Lake Wylie Area

September 17, 2021 by lkw_df Leave a Comment

The monthly numbers were just released by the Canopy Realtor Association. They indicate that there has indeed been a slight slowdown to the hot Charlotte Market, especially in average price which, for the region, was under $400,000 for the first time since May of this year.

Homes are still selling for over list price, with the average sale going for 101.5% of the list price. Sales are also still happening quickly with the average home going under contract in 14 days with closing at 67 days out from list date. The supply has still not recovered and is hanging at a 0.8 month supply. This means that we remain in a seller’s market with sellers having an advantage in negotiations.

When you dig into the numbers for the Lake Wylie area, you see our trend mirrors the trend for the entire region. Average sale price is almost $520,000 with the median sale price at $460,000. This is up 19.9% from last year for the average and up 26% for the median price. Homes are selling for 101.6% of list price and going under contract in 16 days on average, closing 102 days after listing.

Pending sales are down 8.6% from last year at this time and new listings are down 13.8% from last August, though both of these are up when you look year to date. This shows that there has been recovery in the market from the low of last year, but we are experiencing a slowdown. The frenzy of the summer buying has slowed as the kids return to school and it looks more like our typical seasonal pattern.

If you would like to learn more about the real estate market, or are ready to buy or sell 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.

New Type of Intersection Now Open at Gold Hill Road

September 15, 2021 by lkw_df Leave a Comment

For those of you who exit Interstate 77 at Gold Hill Road, be prepared for a new type of intersection. This Diverging Diamond Interchange is now open though it is still under construction. This is the first Diverging Diamond in South Carolina though they are used in many other states. The opening is great for commuters who have been stuck in traffic there for a while, but the new setup can be confusing.

The new intersection opened up on Monday after being closed for the weekend. The idea of this type of intersection is to eliminate left turns that take up time and cause congestion. This should also improve safety at the interchange.

The main idea of the diverging diamond is that when you cross over the highway, you will move from the right side to the left side, then back again. Oncoming traffic will shift the same way so that there is no oncoming traffic to make you stop and wait while trying to take a left turn.

A video explaining the process has been provided by York County and Pennies for Progress road improvement program. The link is below so you can see it in action so you can be prepared when you get there.

Diverging Diamond

There are clearly marked lanes and a concrete barrier in place so you don’t end up driving the wrong way. Hopefully when fully completed in October, the intersection will ease congestion from Fort Mill and Tega Cay at I-77 for the roughly 25,000 cars that pass through each day.

To learn more about any home or neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.

New Townhomes in Villages at Southfork

September 9, 2021 by lkw_df Leave a Comment

New construction housing has not been keeping up with the furious demand from home buyers. One sector that people are now giving more consideration is townhomes. Developers can build larger communities in less time due to shared foundations and walls so it can be quicker than waiting for a single-family home. In Downtown Belmont, Villages at Southfork is a great community of townhomes worth a look.

Brought to you by True Homes, Villages at Southfork is comprised of units with 3 bedrooms, two and a half bathrooms, and between 1,700 and 2,300 square feet of living space. All units have two car garages, open floorplans, and unique architectural details. Some plans have home offices, some have the master on the first floor. All have flex-spaces upstairs that could be a gameroom, loft, or playroom.

Villages at Southfork is located just off Highway 74 in the heart of Belmont right next to the south fork of the Catawba River. Just down the road you will be in McAdenville for the Christmas lights. You are also close to shopping, dining, entertainment, and outdoor recreation. Residents are just a few minutes away from Lake Wylie, Charlotte Douglas International Airport, and Uptown Charlotte.

There are five units currently for sale in the neighborhood with four of them already under contract. The four already under contract were only on the market between 7 and 14 days before they had an agreement with a buyer in place. This shows that demand is still strong in the area for this type of home.

With the high demand for homes in Villages at Southfork, you need to be ready when a new home hits the market. To be the first to know about homes in Villages at Southfork, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Pierpointe

September 8, 2021 by lkw_df Leave a Comment

For the preeminent destination for custom homes in the Lake Wylie area, look no further than Pierpointe. This exclusive enclave of homes enjoy stunning views of the main channel of the Lake as well as a great location, privacy, and proximity to all of the creature comforts. There are still lots available for you to bring your own custom builder, or you have the opportunity to work with plans that have already been drawn up by custom builders pending community approval. You don’t want to miss your opportunity to be a part of this desirable community.

These unique homes don’t come on the market very often, in fact in the last year, only one home changed owners. There were also five lots sold last year, some of which are currently in different stages of being developed. The lots are large and tend to range from a third of an acre to well over an acre making them perfect for large homes and room left over for outdoor living spaces.

Homes are typically between 3 and 6 bedrooms, and 3.5-4.5 bathrooms. Most of the homes have two story plans, but some have finished basements as well, allowing them to have around 4,000 or more square feet of living space. Homes include features such as exercise rooms, home offices, media rooms, guest quarters, pool houses, outdoor kitchens and more.

Pierpointe is located off of Shopton Road at the intersection of Pine Harbor Road. Rivergate is just minutes away with shops, restaurants, and groceries. Nearby highway access will connect you with I-77 or I-485 to quickly connect you with Uptown Charlotte and Charlotte Douglas International Airport. Residents are also minutes away from the township of Lake Wylie for community events centered around the Buster Boyd Bridge.

There is great demand for property and homes in Pierpointe when they are listed for sale. To be the first to know about homes in Pierpointe, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Harbor Club

August 31, 2021 by lkw_df Leave a Comment

With Labor Day just around the corner, what better time to think about living the Lake Lifestyle. Harbor Club on Lake Wylie in North Carolina is a great place to kick back, relax, and enjoy the water. The neighborhood is close to everything you need, and is just down the road from Terry’s Marina with wet and dry boat slips.

Located off Pine Harbor Road near Shopton Road, Harbor Club is positioned perfectly to be serene and secluded, but close to highway access. Steele Creek and Rivergate are both close by for shopping, restaurants, and entertainment. McDowell Nature Preserve is just to the South helping Harbor Club feel like a retreat.

Homes in Harbor Club were built in the 1990’s to the 2000’s and many have been updated and remodeled since that time. Homes are between 1,700 and 4,000 square feet with 3-5 bedrooms and 2-3.5 bathrooms. Many of the homes have fully finished basements. All have two car garages, and mature trees, and some homes have porches, decks and other outdoor living spaces. Some of the homes come with deeded boat slips.

In the past year, only 5 homes sold in Harbor Club. They sold for between $250,000 and $350,000 with an average sales price of $308,300. All of these homes sold in less than 10 days on the market. There is currently one home for sale in the neighborhood listed at $375,000 which went under contract after 3 days on the market.

There is great demand for homes in Harbor Club when they are listed for sale. To be the first to know about homes in Harbor Club, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Autumn Cove

August 31, 2021 by lkw_df Leave a Comment

Not far from the Buster Boyd Bridge sits the established community of Autumn Cove, also known as Autumn Cove at Lake Wylie. This neighborhood has a tight-knit community of homeowners, amazing homes, and affordable prices. There are single-family homes as well as townhomes so there is a home to fit any family.

Autumn Cove is located right across the street from Crowders Creek Elementary School in the unincorporated Lake Wylie township area in South Carolina. There are many nearby shops, restaurants, and churches. Highway access is close by to connect residents to Uptown Charlotte, Charlotte Douglas International Airport, and additional shopping, dining, and entertainment venues.

The community features a pool, playground, and common greenspace for residents to enjoy. There is also dry boat storage for residents. There is not a community boat ramp in the neighborhood, but there are many nearby public boat ramps for residents without lake frontage to have full access to Lake Wylie.

Homes in Autumn Cove are traditional in styling and come in a variety of sizes. All have two stories, garages, and some have full basements. Some homes even have federal style details including cornices and oval windows. All have between 1,500 and 5,200 square feet and 3 to 5 bedrooms with great features like bonus rooms, home offices, and open floor plans. Townhomes are two stories and have one car garages in addition to parking pads. They have between 1,500 and 2,000 square feet, 3 bedrooms, and 2.5 bathrooms.

In the past year, 24 homes sold in Autumn Cove with townhomes selling in the $200,000’s and single-family homes selling in the high $200,000’s to the low $400,000’s. There are currently 5 homes on the market with three of them already under contract. These homes sell quickly with contracts typically being signed in the first week they are listed for sale.

To be the first to know about homes in Autumn Cove, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: South Point Ridge

August 27, 2021 by lkw_df Leave a Comment

If you have been looking for a great home in the Belmont area, you can’t go wrong with a home in South Point Ridge. The neighborhood feels like a retreat with large old-growth trees in a tranquil park-like setting. You are just a quick drive away from downtown Belmont, close to Lake Wylie, and a short commute to Uptown Charlotte.

The neighborhood features an outdoor pool, playground and walking trails. In addition, you are walking distance to top rated South Point High School and Belmont Middle School. A nearby Harris Teeter is the closest grocery store and there are options for dining, coffee, and a bakery nearby as well. A little bit further away is downtown Belmont with great community events, quaint shops, restaurants, and entertainment venues.

Homes in South Point Ridge were built between 2005 and 2015 with one lot sold last year for a final new construction home. They range in size from 1,900 square feet to over 4,000 square feet so there is truly a home for every size family. They have between 3 and 5 bedrooms, and 2.5-5 full bathrooms. Homes have 2 or 3 ar garages

In the last year, eleven homes sold in South Point Ridge with an average sale price of $337,215. Prices have gone up since then with currently listed homes ranging from $339,000 to $435,000. All of the homes listed right now are under contract and all went under contract in 9 days or less. This means to get one of these highly desirable homes, you have to be ready to put in an offer the day it lists to have a chance.

To be the first to know about homes in South Point Ridge, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: The Conservancy At McLean

August 26, 2021 by lkw_df Leave a Comment

Even if you’ve been working from home, many of us would love the luxury of someone else doing your yard maintenance. If this resonates with you, check out The Conservancy at McLean. All of the homes in The Conservancy at McLean come with basic yard maintenance included. This leaves you more time to enjoy the Lake lifestyle and that is never a bad thing.

Located right next to Daniel Stowe Botanical Gardens, The Conservancy at McLean is in the perfect location. The community sits right on Lake Wylie and has a desirable Belmont address. Residents have nearby highway access to connect with Uptown Charlotte, Charlotte Douglas International Airport, and all other parts of the Charlotte area. There are many nearby choices for shopping, dining, and entertainment.

Homes in The Conservancy at McLean were built within the last five years by Essex Homes and M/I Homes, so they look brand new. This means they also have great features like home offices, open floor plans, ample storage, and much more. These homes are all in the 2,000 to 3,000 square foot range with most homes having one story, but a few have lofts and bedrooms upstairs. Homes have between 3 and 4 bedrooms and 2 to 3 full bathrooms, two car garages, and outdoor living spaces.

Neighborhood amenities include a community clubhouse with serving kitchen, pool, dog park, lakeside park, fishing pond, and walking trails. The neighborhood trails connect to the Carolina Thread Trail and Seven Oaks Preserve Trail which directly connect to the grounds of the Daniel Stowe Botanical Gardens.

In the last year, 27 homes sold in The Conservancy at McLean with the average price of just over $370,000. There are currently three homes for sale in the neighborhood with all of them currently under contract. Each home went under contract after 5 days or less.

To be the first to know about homes in The Conservancy at McLean, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588 and we can help you find the perfect home for you and your family. You can view current listings and create custom searches on our website here.