New Development on the Horizon

A new development is in the works on Lake Wylie and Little Allison Creek. The proposed project is being put together by Fielding Homes which is a local builder working in the Fort Mill and Lake Wylie areas. Their previous projects include Mason’s Bend and Paddler’s Cove just to name a few.

The new project is called Lakeside Glen and the plans show that it will be a 425-lot single-family residential project. The site sits on 305.7 acres located between Highway 274 and Allison Creek Road.

This project has been in the works for some time, with a preliminary plat originally filed in March of 2015. There have been changes and revisions since the original filing, the most notable has been increasing of minimum lot size.

There are not many more details available at this time so we still don’t know the size or price range of the homes yet. The York County Planning Commission will continue to work with Fielding Homes as this project comes to fruition.

To learn more about this new development, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

August Market Report

The Covid-19 pandemic has changed the game for the real estate market in recent months. The monthly numbers from the Canopy Realtor Association report on the Canopy Multiple Listing Service is out and we have the details.

If you look at the entire Charlotte Region, which includes 12 counties in North Carolina and 4 counties in South Carolina, you see that prices are up, homes are selling quickly and that there are fewer homes on the market.

When you look just at the Lake Wylie area, you see that prices are up, homes are selling quickly, and that there are fewer homes on the market. This is the same trend that is holding true.

In August of last year, there were 427 homes for sale in the Lake Wylie area. This year there are only 190, a decrease of 55.5%.

Homes are going under contract in an average of 45 days, 12 days quicker than last year. The average home is sold 100 days after it is listed, down 8 days from last year.

Prices are up as well, the average list price of a home in Lake Wylie is $456,073, up 9.1% from last August. Sales prices are also up, 5.4% to an average of $432,606.

There are 23.3% more pending sales this year than last year which means that we should have strong sales figures for next month as many of these sales close. There were also 25% more new listings this August showing that we should see many of those homes go under contract to keep the numbers strong for the next few months. Colder weather usually slows the market down, but we may see that happen later than usual since the spring bump was pushed to the summer.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. For more information and to search available homes, be sure to visit LKWRealty.com.

More Parks on the Ballot

When you head to the polls this fall, residents of Lake Wylie will vote on a new special tax district to help buy land that will create more parks in the area. The vote will decide if a special tax district will be created or not. This is similar to the decision already made where residents were taxed for the recreation park.

York County Council met and adopted a resolution to certify a public petition. The result of the resolution is that the new tax district will be up for a vote on the general election ballot in November.

Lake Wylie is one of the largest unincorporated places when you look at the population. This means that residents pay for improvement by themselves such as the special fire tax district which supports the Bethel Volunteer Fire Department. This kind of funding was also raised for Field Day Park which was funded in part by a county hospitality tax and a recreation tax district set up to support the park.

This new initiative will first establish if the Bethel/Lake Wylie Land Acquisition and Preservation Park District should be formed. The purpose would be to acquire property for conservation, green space, historic restoration, passive recreation and interactive community uses. A cap of $10 million for land acquisition and construction is part of the plan as is an annual expense cap of $500,000.

The 29,000 residents covered by the new tax district are in the same boundaries as the recreation tax area for Field Day Park. Many of these residents have been vocal for many years about a lack of common green space on the Lake. This is their chance to become advocates for the kind of community they want Lake Wylie to be in the future.

If you would like to like to join the community in Lake Wylie and have a say in this important legislation, give us a call  at 803-831-8588 to schedule a private tour of homes. You can view current listings on our website here.

Holiday Events Calendar

If you’re like us, you love the holiday season and everything that goes along with it. The parties, the music, the food, the celebrations, and events are all great reasons for the community to gather. Even if you just like driving around neighborhoods looking at lights, that’s a great opportunity to meander down streets and potentially spot a perfect home for sale.

Here are some of our favorite community events:

  • Lake Wylie’s annual boat parade December 14th from 6:30 – 7:30 pm. Located at the Buster Boyd Access Area, near Papa Doc’s. The boats will circle in front of Riverpointe and pass the Lake Wylie boat landing so both are great viewing points.
  • Rock Hill’s annual Christmasville festival is Dec. 5-8 and will include events for children and adults. Events include gingerbread contests, crafts, rides, live shows, chances to meet Santa, a petting zoo, food, carriage rides and carnival. The lighting of Winthrop University’s magnolia tree is 6 p.m. Dec. 6, followed by the city of Rock Hill Christmas Parade at 6:30.
  • Historic Brattonsville is open for candlelight tours. This historic site helps you learn how the holidays were celebrated in the 18th and 19th centuries. Tours are $10 or are free if you are a Culture and Heritage Museum member. Make your reservation online. Tours are from 3 to 9 p.m. Dec. 7 and Dec. 14 at 1444 Brattonsville Road in McConnells.
  • Tega Cay’s Christmas tree lighting and candy cane hunt is 6 p.m. Dec. 7 at the Glennon Center, 15083 Molokai Drive. The Fort Mill High School and Tega Cay Elementary chorus will sing Christmas carols as guests enjoy hot chocolate, cookies and a visit with Santa.
  • If you love the circus, visit the city of York’s 80th annual tree lighting and Christmas parade is from 4 to 9 p.m. Dec. 6 at 43 N. Congress St. where the circus is the theme. Enjoy bands, circus performers, animals, and floats. Santa will be in attendance for photos and there will be activities for all as well as food available.
  • Winterfest at Carowinds theme park transforms the park into a holiday wonderland. Open weekend nights Nov. 24th until Dec. 31st. There are performances, parades, and much more. Tickets are required and can be purchased online.

And if you spot that perfect home while you are out and about this holiday season, give us a call at 803-831-8588. We can schedule a private tour and help you navigate the process of purchasing your next home. You can view current listings on our website here and plan out your private tour of homes.

October Market Report

The monthly report has been published with data from the Carolina Multiple Listing Services, Inc. The report is compiled by the Charlotte Regional Realtor Association which reports on the entire Charlotte metro area including parts of South Carolina. The report is clear, the trend in the Charlotte area is continuing once again. For yet another month, supply of homes has gone down while prices have risen. This is great news for sellers, as they can expect to receive top dollar for their homes, but it is continuing to be hard on buyers as they have to be ready for a home as soon as it hits the market and be ready to pay top dollar.

When you look at the numbers for Lake Wylie, supply is falling and prices are still on the rise as well. Additionally, there are not many new listings compared to last year at this time so it is unlikely that the supply of homes on the market will recover soon. In fact, the supply of homes is down to just a 2.8 month supply, down from a 4.1 month supply last year. This decline of 31.7% brings the Lake Wylie area more in line with the rest of the Charlotte area. A balanced market between buyers and sellers is typically considered to be about a 4 to 6 month supply of homes so sellers have a distinct advantage at the moment.

Prices have been rising as the supply of homes dips which is a basic rule of supply and demand. The median sales price rose from $346,000 last year to $365,000 this year. The average price for a home sale rose to $438,669 which is getting closer to the average price in Lake Norman which was $498,318, just shy of $60,000 lower.

Closed sales were up from 62 last year to 121 this year, an increase of 95.2%. Pending sales were also up from 98 last year to 133 this year, an increase of 35.7%. New listings were down from 126 last year to just 110 this year, down 12.7%.

If you would like to help bring the new listing number higher by selling your home, give us a call at 803-831-8588. If you are interested in buying a home, first check out our website to view current listings and create a custom search. If you are interested in a particular neighborhood, we can let you know as soon as new listings are placed for sale.

New Shopping Options Coming in Steele Creek

One of the pitfalls of living in the Lake Wylie area is that there are not as many options for shopping and dining out there. If you live closer in to town, you have many more options, but you don’t have the lake lifestyle. These trade offs are about to be less of a problem for lake residents as they are about to get more shops and restaurants nearby.

The new shopping center will be located on Steele Creek Road near the intersection with Interstate 485. There are existing shops already across from this spot, including a Walgreens, Starbucks, and Harris Teeter. Less than a mile away are the Charlotte Premium Outlets. This new development is expected to have a wide range of tenants from a steak restaurant, to bank, to cell phone provider to healthcare services.

Konover South, an over 60 year old firm based out of Florida, bought the property for $4.8 million and closed the deal last week. This is their first property in North Carolina, though they have many properties in Florida and Ohio. They are now in the planning stage where they will come up with the design and work through the permitting process. The construction phase of the development should begin in early 2020 with completion sometime in 2021. They are planning on around 32,000 square feet of space so there could be more tenants depending upon the plan.

Lake residents will be pleased with additional retailers to support them. There are so many new developments in the Lake Wylie area that we need more options.

If you are interested in owning a home in the Lake Wylie area, call us at 803-831-8588 to schedule a private tour of homes. You can view current listings and create custom searches on our website here.

View the 2019 Parade of Homes

The annual Parade of Homes has already started, but there is still plenty of time to tour these amazing homes. This yearly event is brought to you by The Homebuilders Association of Greater Charlotte. It’s like the largest open house where you can tour a variety of different homes in different price points, areas, and styles. This event is free to the public, but it may just help you purchase your next home.

Homes on the tour are presented by local and national homebuilders and are in some of the most desirable neighborhoods. There are many neighborhoods in the Lake Wylie area that made the tour. The rest of the tour is spread over the entire Charlotte region.

The tour runs for three weekends with only the first already done. The next dates are October 11-13 and October 18-20. Homes are open from 11:00 am to 6:00 pm on Fridays and Saturdays, and from 1:00 pm to 6:00 pm on Sundays. Homes in neighborhoods closest to Lake Wylie are:

  • Paddlers Cove by Dan Ryan Builders
  • Arden Mill by Classica
  • Timberwood by Essex Homes
  • Harper’s Pointe by Taylor Morrison
  • The Meridians by Meritage Homes
  • Regency at Palisades by Toll Brothers (3 homes on the tour)
  • North Reach by Taylor Morrison
  • McLean by Essex Homes
  • Morgan’s Branch by Taylor Morrison

For more information on the most updated dates and times for the tour, you can like and follow on Facebook or you can check out the interactive Parade of Homes website ParadeCharlotte.com. They do have online maps or you can pick up a printed tour book at any of the homes.

Always remember that agents in those homes will work for the builder, so if you want fair representation in a transaction, bring your Realtor with you to help you negotiate. The seller pays for the buyers agent so there is no cost to you. If you are interested in purchasing a home in the Lake Wylie area, bring us along on the tour, or schedule a private tour without the crowds by calling 803-831-8588. You can view all current listings and create custom searches on our website here.

Fall Festivals have Arrived

Labor Day has come and gone and this means that it is almost fall! This amazing time of year is perfect for picking apples, pumpkin patches, and festivals of all sorts. The cooler (hopefully) weather makes being outside with the community a great way to connect. Here are just a few of our favorite festivals close to Lake Wylie:

  • Grandiflora Glass – now through September 29th at Daniel Stowe Botanical Gardens. This is a botanical glass art exhibit within the gardens. Tickets are $14.95 for adults and $7.95 for children with children 2 and under free.
  • Mid Autumn Fest – September 14, 6-9 pm at Daniel Stowe Botanical Gardens. This is an Asian tradition of celebration beneath the harvest moon. Tickets are $14.95 for adults and $7.95 for children with children 2 and under free.
  • The Great Pumpkin Fest – September 14th – October 27th at Carowinds. Free with your $48 park admission, celebrate the season with a corn maze, hay bale maze, challenge course, crafts and more.
  • Flow Fest – September 21st and 22nd 7 am – 10 pm at the U.S. National Whitewater Center. Enjoy two days of yoga, mindfulness, and wellness. Cost is free to attend, workshops are an additional cost.
  • GO FEST – September 26th 6:30-9 pm in Downtown Gastonia. The streets will be closed for live music and local brews and food trucks.
  • Riverfest – September 28th 1-6 pm – Kevin Lofton Park in Belmont. This free festival will include log rolling and kayaking to highlight the river. Expect food trucks and vendor booths.
  • Fall Festival – October 5th 9 am to 6 pm, U. S. National Whitewater Center. Enjoy fall yoga, obstacle courses, apple cider and a build-your-own boat competition. Free to enjoy.
  • 20th Anniversary Festival – October 5th 11 am until 2 pm at Daniel Stowe Botanical Gardens. Visit this family party with petting zoo, crafts and activities. Free to members, $8 adults, $4 kids 2-12, under 2 free.

These are just some of the many festivals worth attending. While you are checking out these festivals, check out the communities they are in. If you are thinking of relocating your family to one of these great spots, call us. If you are interested in a private tour of neighborhoods and homes in the Lake Wylie area, call us at 803-831-8588 to schedule with us. To view current listings and create custom searches, click here.

New Development Permitting Center Approved

City council recently voted to approve construction on a new multi-departmental permitting facility. The new permitting facility will reside in the first floor of the Charlotte-Mecklenburg Government Center.

The space is intended to streamline the permitting process and allow all departments to work together more efficiently. City Manager Marcus D Jones said “The CLT Development Center is the product of our efforts to have collaborative partnerships with the development community. We are excited to bring new, innovative ways to work together to create great projects for Charlotte.”

The CLT Development Center space will house service teams from:

Charlotte Department of Transportation (CDOT)

Engineering

Urban Forestry

Construction Inspection

Charlotte Water

Erosion Control

Subdivision

Zoning

Fire

Plan Review Coordination

The new CLT Development Center will provide the same permitting services they do now as well as expedited services for an additional fee. This is great news for anyone doing a large scale remodel or addition to their home. It will also be invaluable for new construction homes as well as custom builds as expedited services can help projects stay on schedule. The CLT Development Center should be open for business in December of 2019.

If you are interested in buying or selling a home in the Lake Wylie area, call us at 803-831-8588. To view current listings and create custom searches, click here.

 

To read more about the Development Permitting Center, click here.

Proposals for Extension of Light Rail

County leaders for York County recently met to consider proposals for extension of the Lynx light rail system in Charlotte. They heard four small area plan proposals with one potentially serving the Lake Wylie area. This could be great for bringing in commuters and reducing traffic. It could also bring a lot of day-trippers for weekend fun on the lake.

The light rail plan proposals are a way to look at the area in a different way. This means that leaders have to look at how the light rail may affect properties in the proposed path, look at supporting infrastructure, and look at opportunities for how development patterns may change. There is also a potential that the light rail could head to Rock Hill as well which could be a place to park and ride until a Lake Wylie corridor comes to fruition. The Rock Hill connection is especially likely as the Charlotte Panthers just announced that they are building a training facility there.

There are many more steps to take after the proposals are laid out. There are traffic studies, land acquisition, and much more. There will be interstate cooperation by North and South Carolina. There will be funding hurdles and bureaucratic hurdles to be cleared, but it is an exciting prospect for many people.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. To create custom searches and view all current listings, click here.

To read more about these proposals, visit the Herald Online here.