Lake Wylie Blog

Market spotlight: Belmont’s Timberlake

December 17, 2015 by lkw_df Leave a Comment

If you’re looking for small-town lifestyle and ambience with proximity to big-city amenities then Belmont might be the right place to call home.

Settled in the 1750s, downtown Belmont has a vibrant collection of local merchants, restaurants and a historic district listed on the National Register of Historic Places.

One of the many choices to call home is Timberlake, which is only two miles from the downtown area and nestled in a bend of the South Fork Catawba River.

Over the past 12 months, the number of homes sold per month in Timberlake is about 1.7 homes and trending downward to one per month in the last three months. The average sales price is just over $311,000 and approaching $347,000 in the last three months.

The average price per square foot has remained relatively steady in the last 12 months, average approximately $105 per square foot.

At 4.2 months inventory, Timberlake is well below all of Belmont and Gaston County, which have 5.9 and 5.8 months inventory, respectively.

Currently, there are seven homes on the market in Timberlake; Four of the homes are already under contract. New construction is also available through builder AV Homes.

Market Spotlight: Tega Cay

December 15, 2015 by lkw_df Leave a Comment

Twenty miles to the south of the Charlotte metro area is prime lakeside living along Lake Wylie. On a southeastern peninsula jutting into the lake is the community of Tega Cay, a three-acre planned city in Fort Mill.

In addition to the obvious allure of the waterfront, Tega Cay also offers miles of walking trails and 27 holes of golf.

Home sales in Tega Cay have averaged approximately 5.2 homes per month over the last year. The average sales price and average price per square foot trends have nearly mirrored each other, peaking in the last six months and trending downward over the last 3 months.

The average sales price over the last three months is just over $257,000, and the average price per square foot is just shy of $119.

Currently, there are 27 homes on the market in Tega Cay. Of those listed, 11 are under contract as of Dec. 15. This represents a market inventory of a little over 5 months, given sales average just over 5 per month. Fort Mill and York County have 5.4 months and 7.3 months inventory, respectively.

On all of Lake Wylie, there are currently 97 waterfront properties listed for sale or 11.2 months inventory. The average sales price of a Lake Wylie waterfront home is $755,034.

Lake Wylie Realty welcomes Patti Elam

November 4, 2015 by David McCorkle Leave a Comment

Lake Wylie Realty is pleased to announce the addition of North Carolina, South Carolina Broker/Realtor to the Team Patti brings over 30 years of experience to the Company and will specialize in all phases of the Industry. Contact Patti at 704-309-6912 or email at http://www.patti@lkwrealty.com

3RD QUARTER MARKET REPORT

October 21, 2015 by David McCorkle Leave a Comment

CLICK TO VIEW 3RD QUARTER MARKET REPORT MAILER

Waterfront market report 10-15 mailer

THE WATERS UP SO ARE AREA SALES IN SEPTEMBER BY 6%

OTHER GOOD NEWS IS THAT INVENTORY IS DECREASING FROM 166 HOMES LAST SEPTEMBER TO 127 THIS YEAR.
AVERAGE DAYS ON THE MARKET FOR ALL HOMES FOR SALE IS AT 219.
AVERAGE DAYS ON THE MARKET FOR ALL SOLD HOME IS CURRENTLY AT 126.
LAST YEARS CLOSED SALE PRICE WAS ABOUT THE SAME AS THIS YEARS AT AROUND $550,000.
THIS YEARS AVERAGE ASKING PRICE COMES IN AT ABOUT $ 800,000.00 CLOSE TO THE SAME AS LAST YEAR WHICH MEANS THE LOWER PRICES ARE SELLING MUCH BETTER.
ONLY 5 HOMES HAVE SOLD THIS YEAR OVER ONE MILLION DOLLARS

NOW THAT THE WATER BACK UP WE CAN ALL ENJOY SOME BOATING ACTIVITY WHICH DEPENDING ON YOUR DOCK LOCATION HAS BEEN QUITE LIMITED.

YORK COUNTY IS WORKING ON A NEW WATERSHED ORDINANCE TO HELP PROTECT THE LAKE AND CHANGES TO THE LAND USE PLAN SO STAY TUNED TO OUR WEBSITE FOR MORE DETAILS ABOUT UPCOMONG EVENTS AND HEARINGS IF YOU LIVE ON THE SC SIDE OF THE LAKE.

LAKE WYLIE REALTY BROKER DAVID MCCORKLE, FORMER PLANNING COMMISSIONER IS ON ONE OF THE COMMITEES TO HELP PROTECT OUR PRECIOUS LAKE.

VISIT THE MOST COMPREHENSIVE LAKE WYLIE WEBSITE ON THE NET VISIT: LKWREALTY.COM

GIVE US A CALL AT 803-831-8588 OR STOP BY OUR OFFICE LOCATED AT THE RIVER HILLS

REDLIGHT AND HIGHWAY 49. OR CALL US ON OUT CELL PHONES

DAVID MCCORKLE 704-309-1549, QUINN JOHNSON 704-906-6636, DON STEPHENS 704-562-3646

Lake Wylie Music Fest

September 22, 2015 by David McCorkle Leave a Comment

Everyone had a great time at the Music Fest this year the weather was gorgeous, we had a big crowd, it could not have been any better. Be sure to contact us for all you Lake Wylie Real Estate needs as we are the only true Waterfront Realtors. Our Office is conveniently located at the River Hills red light.

3 Little-Known Tips for Buying a Home

August 17, 2015 by David McCorkle Leave a Comment

Buying a home is no small feat. When looking to purchase a home, there are endless factors to consider. Here are a few quick tips on searching for the perfect home.

Pre-Approval Means A Lot: If you get preapproved from a lender, it can mean a lot to your budget and your realtor! All of the contributors will feel more invested in you if you are pre-approved for a mortgage. Try to stay friendly with the people at your bank so you can ask friendly questions (like the best interest rates and hidden fees that might be associated with the loan).

Stick to the Facts: Buying a home can be difficult, but try not to get too emotionally invested in your hom- buying experience. It will help you stay strong if your bid is not accepted on a house,or if the deal just doesn’t fit with your budget.

You’re Moving Into Your New Neighborhood: Remember, you’re not just moving into a new house – You’re moving into a whole neighborhood! Take into consideration how your neighbors live, where the grocery store is, and where you can get a good slice of pizza.

If you’ve determined that now is the right time to buy a new home, we’re here to help you get started. For information on homes for sale in Lake Wylie, SC, visit LKWRealty.com!

Top 3 Things to Do on Lake Wylie

August 10, 2015 by David McCorkle Leave a Comment

Lake Wylie is the perfect place to take a vacation or day trip. Here are just a few activities to do during your stay:

Hike the Trails: Take a hike over the McDowell Nature Preserve. Over 7 miles of hiking trails are available for you to explore the beauty of Lake Wylie. You can also camp, fish and boat along Copperhead Island. Finally, wrap up your day with a picnic in one of the designated areas.

Splash Dash: Participate in the annual Lake Wylie Splash Dash! Get your running shoes on for a 5K or 10K. Donate just $10 to the Camp Thunderbird Scholarship Fund to walk the course and receive a free t-shirt.

Lake Wylie Music Fest: Visit the Lake Wylie Music Fest and Craft Beer Extravaganza! Admission includes beer samplings, a commemorative glass, backstage enjoyment of Music Fest and a variety of vendors.

Although Lake Wylie is a great place to vacation, it’s even a better place to live! Among our 325 miles of shoreline, there are countless waterfront homes currently available. During your visit, we invite you to tour some of our Lake Wylie waterfront homes. Visit LKWRealty.com for current listings, additional information on neighborhoods, and more.

LAKE WYLIE PROPOSED LAND USE PLAN AMENMENTS

August 7, 2015 by David McCorkle Leave a Comment

JOIN IN THE DISCUSSION: Call for Action on proposed changes to Land Planning and Land Development Ordinances, Please read and attend the Council Meetings. Follow the link for more information. WE MUST MAKE CHAGES BEFORE IT PASSES TO LOWER DENSITIES AND TRAFFIC IMPACT

Proposed Draft Ordinance Amendment’s

Planning & Development Services has been working to improve our ordinances and appreciate your assistance as we work through these important items. We will be continuing to identify deficiencies within our ordinances and listening to feedback from elected and appointed officials, members of the development community, residents, and other stakeholders to continue to improve our ordinances to better address the needs of the County.

The following is a tentative adoption schedule:

August 10, 2015: Planning Commission Recommendation
August 17, 2015: Council First Reading
September 8, 2015: Council Second Reading with Public Hearing
September 21, 2015: Council Third Reading

Broker in Charge David McCorkle and former Planning Commission Member has been working on an advisory Committee along with other Residence and Stakeholder to advise Council on proposed changes to the Ordinances to reduce Traffic and Development impact in the greater Lake Wylie area. We will be proposing changes and our own overlay to the Ordinance before it’s passed like lot sizes and erosion control