Fort Mill

Lake Wylie and Fort Mill boast strong market stats

January 15, 2017 by lkw_df Leave a Comment

The housing market in the Charlotte region as a whole is thriving, and that could not be more true for towns like Lake Wylie and Fort Mill. Even with low inventory, there were more than 44,000 homes sales in the overall Charlotte region in 2016, which is up over 8% from 2015.

Local numbers are even better. In York and Lancaster Counties, Lake Wylie had the highest home prices and the largest increase from 2015. pending sales and new listings had the biggest increase in Fort Mill. A big contributing factor to these numbers is the abundance of brand new subdivisions. York County as a whole had the most closed sales, as home sales here outpaced the overall region.

The housing market for the entire Charlotte region is looking good for 2017. Mortgage rates, though on the rise, will still be at historic lows. And, even though low inventory will still mean a seller’s market, buyers will still be looking for properties that sellers have invested in, thus making sellers still having to compete for buyer’s attention.

The market will certainly be competitive, and with such strong market stats for Lake Wylie and Fort Mill, homes will most likely not stay on the market long here. Expect the real estate market to thrive in the coming year, and for more details on what’s on the horizon in 2017, be sure to read the full article at Heraldonline.com.

mcc2

http://www.heraldonline.com/news/local/community/fort-mill-times/article125918464.html

New age-restricted housing coming to Fort Mill

January 8, 2017 by lkw_df Leave a Comment

Along Banks Street and Academy Street in Fort Mill is the old Fort Mill high school site. That is soon to be home to a redevelopment project that would build 51 single-family homes on approximately 13 acres of land. The housing would be age-restricted, and strategically s, in order to not add any additional students to the Fort Mill school district. This age-restricted development will also further help to enhance and revitalize this area of Fort Mill.

The gym portion of the old high school, which still remains even while the rest of the school was demolished has been leased to the town of Fort Mill for use by the parks and recreation offices and for some recreation programs in the city.

The new development plan that would build the age-restricted homes would call to take down the high school gym, which occupies nearly seven acres. A final decision on the rezoning and approval of this project will be made as early as February 13, with final details, dates and development plans still to be determined. For more information on this housing project, check out the full article at heraldonline.com, and be sure to stay tuned for what’s next here, as Fort Mill continues to boom with new development projects.

New Fort Mill development will include gourmet grocer

December 29, 2016 by lkw_df Leave a Comment

There has been a lot of buzz surrounding the 12-acre site on N.C. 49 that is bordered by Steele Creek Road and Hoover Creek Boulevard. While the details on this development site have yet to be confirmed, rezoning efforts and city planners are working towards establishing a gourmet grocery store here.

The new development aims to be a focal point for shoppers of both Steele Creek and Lake Wylie, and design plans intend to create a walkable environment featuring a variety of retail.

While the name of the new gourmet grocery store seems to be a bit of a secret, there has been confirmation that it will not be a Whole Foods market. The new grocery store would be part of a 90,000 square-foot development project that would include office as well as retail space. The site is located between RiverGate Shopping Center and Carolinas HealthCare System Steele Creek–a location that has seen some major activity in recent years.

The unnamed gourmet grocery store that will be built here is going to be central to the development project. For more details and information on the project, be sure to read the full article at heraldonline.com, and stay tuned for which grocery store will officially be moving in to Fort Mill.

Fort Mill is having an apartment boom of its own

December 25, 2016 by lkw_df Leave a Comment

The entire Charlotte region is booming with new apartments, and Fort Mill is one of the towns that is also experiencing tremendous growth with rental market options.

The newest residential rental addition to Fort Mill will be Fox Hunt Farms, an upscale apartment community that is slated for completion on January 12, with leasing already underway. The development is located off of S.C. 160 near Interstate 77 on Amistead Avenue. The property will feature amenities such as a community game room with billiards, community outdoor grills and a swimming pool, a 24-hour gym with a yoga and aerobics studio, and a dog park that will include a dog washing station. Units will include stainless steel appliances and 9-foot ceilings with pendant lighting, among other desirable features.

Rental prices will range from $995 for a one-bedroom, 844-sqaure-foot unit, up to $1,499 for a three-bedroom, 1,100 square-foot unit.

Fort Mill continues to have a thriving and developing local economy, making it an ever more desirable place to live. It is a town that offers a strong sense of community, easy access to big-city Charlotte amenities, and a whole lot of charm. For more details on the new Fox Hunt Farms apartment project and the development boom throughout the entire Charlotte region , check out this article and more at charlotteobserver.com.

October’s market update

November 27, 2016 by lkw_df Leave a Comment

Let’s take a look at the local market update for October 2016, according to the report from the Charlotte Regional Realtor Association. The big news with last month’s numbers is the year-over-year change in the drop in inventory.

For the entire CarolinaMLS area, October 2015 had 13,742 homes on the market representing 4 months supply of inventory. This year’s October numbers show only 10,570 homes on the market representing 2.8 months of inventory. This is a 23.1% drop in the inventory of homes for sale and a 30% drop in the months supply of inventory. With inventory as low as it’s been in a while, as well as an increasing demand among buyers, home prices are on the rise.

Lake Wylie, Fort Mill and York County overall have also seen a decrease in inventory, though the drops haven’t been quite as steep as that which we saw with the overall CarolinaMLS stats, and the rise in home prices hasn’t been quite as steep or as steady in these smaller markets.

Furthermore, regarding the entire CarolinaMLS area, new listings are up 2.7% from 2015, and closed sales are up 3.4%. However, new listings in Lake Wylie are down 9.6%, but closed sales are still up 4.9%. As far as York County is concerned, the numbers here are a bit bigger, with new listings up 15.8% from 2015, and closed sales up 11.3%.

The big takeaways here are that inventory is down creating a definitive seller’s market with rising home prices, and closed sales are up showing signs of plenty of activity in an active and strong housing market across the Carolina region. Stay tuned for next month’s stats!

Big merger brings more jobs to Fort Mill

November 27, 2016 by lkw_df Leave a Comment

Development projects have been on the rise in Fort Mill and have recently included new residential housing projects as well as an influx of commercial spaces and storefronts and thus, a thriving local economy has resulted. Plus, as more businesses move in and expand, Fort Mill continues to see a rise in employment opportunities which further benefits the economy here, and a recent merger exemplifies this.

Fort Mill is the home of Mergent Inc.’s headquarters, a company that provides financial data and analysis to investors regarding both public and private companies. While it is not a very large company, it does have a one hundred-year history and a massive amount of data. These factors contributed to the recent sale of the company to the London Stock Exchange.

This sale is big news on a global scale, however it is also significant to the local market because it is expected to bring more jobs to Fort Mill. Mergent’s merger with the London Stock Exchange will help enable the small company to compete with its billion-dollar counterparts. Furthermore, it will allow Mergent to grow and broaden its “range of data services, research and analytics to meet the increasing demand of [its] clients.” Mergent currently has approximately 4,000 customers across the globe that include investment firms, brokerage houses and law firms.

Fort Mill is home to 120 of Mergent’s 300 employees worldwide and is looking forward to expanding employment here. The final deal is expected to close on January 31, 2017.

For more details on the merger and what it means for Fort Mill, check out the article at WFAE.org.

Residential development booms in Fort Mill and Tega Cay

November 20, 2016 by lkw_df Leave a Comment

Fort Mill and Tega Cay are soon to be home to, well… more new homes. For starters, a 52-acre site on Fort Mill Parkway will soon be Fort Mill Reserve, which would potentially include up to 120 homes as well as 80,000 square feet of retail, office or municipal use. An acre of the space would also be donated to the town as green space or as a park. And, at least 20% of the residences in Fort Mill Parkway would be targeted toward seniors. Plus, next to Fort Mill Reserve is another new possible site for up to 75 new homes as well as a fire station.

The Cadence subdivision is under review in Tega Cay, where possible plans would allow for up to 125 new homes here. If everything moves forward, Cadence should be completed by 2020 as part of a big surge in development for Tega Cay, which also includes Catawba Park, the Game On sports megaplex, as well as many new residential neighborhoods. With more than a thousand housing units currently in the works in Tega Cay, there are almost just as many housing units in the proposal stage, as well.

Massey is also seeing some residential additions with 47 new homes on nearly 42 acres on the northern side of South Dobys Bridge Road.

For more details and information on the residential development that is booming in the Fort Mill and Tega Cay area, be sure to read the full article at Heraldonline.com.

Local entrepreneur brings new pizza restaurant to Fort Mill

November 6, 2016 by lkw_df Leave a Comment

A new local pizza joint is moving in to Fort Mill that the whole town can get excited about. Toppers, known for its fantastic pizza with multiple topping options, as well as its “topperstix,” which are the namesake’s breadsticks, already has two locations in Charlotte and is now finally opening up a location in Fort Mill.

While there will be limited seating inside, there will potentially be a patio area for seating, but delivery and take-out will definitely be a primary money maker. The restaurant focuses it’s food on freshness and quality. However, their biggest selling point is the sheer number of toppings that they offer. You can order a buffalo chicken pizza, a macaroni and cheese pizza, a taco pizza, and so much more. The list goes on, and the restaurant will be open until 3 AM for a late night orders and pizza cravings.

The new store will be located at 400 Doby’s Bridge Road next to the new Walmart market.

Bill Stayduhar is the founder and owner of Toppers, and he is originally from Fort Mill, as is his wife and family. He is incredibly excited to finally bring his concept to his hometown. The store is hiring, and potential employees should visit toppers.com for a job application, and interested pizza eaters should check out the menu on the website, as well. Read the full article at Heraldonline.com for more details on this new restaurant opening.