Neighborhood Spotlight: The Landing

Right on the shores of Lake Wylie, you’ll find a serene neighborhood called The Landing. This great community is close to Charlotte, but has lower South Carolina taxes, and is in the top rated Clover school district. This should be enough to entice most people, but then you add on great amenities, community events, and wonderful homes and it’s no wonder these homes don’t last long on the market.

The homes in The Landing are estate style homes with large lots of at least a half acre and plenty of space. Many of the homes have over 3,000 square feet of living space and some have over 6,000 square feet. These homes were built in the early 2000’s and have open floorplans, home offices, and waterfront homes have docks and boathouses.

In addition to these amazing homes, there are great amenities in The Landing. There are 25 boat slips for residents without direct water access. There is also a neighborhood park, clubhouse, and pool. There are around 2 miles of paved walking trails and sidewalks encouraging residents to take advantage of the outdoors. There is a competitive swim team for the kids, and many community events throughout the year.

There are currently 7 homes on the market in The Landing representing 5.6 months of inventory, but of the seven four are already under contract. Typically having 5.6 months of inventory represents a balanced market between buyers and sellers, but with the broader trend of low inventory in the region, sellers may still have the upper hand in negotiations.

In the last year, homes sold for between $365,000 and $1,060,000. This shows the difference between a small interior home and a large waterfront home.

To learn more about The Landing, 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.

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.

Explore Emerald Point

If you are looking for a waterfront condo on Lake Wylie with little to no maintenance, look no further than Emerald Point. This amazing spot sits on one of the best views on the lake. These stunning views come in one of the lake’s largest condominium communities. The area has beautiful landscaping, community boat docks, swimming pool, club house, pier, and tennis courts.

Emerald Point is in the perfect location, just five minutes from I-485. This means that you can quickly get to Uptown Charlotte, Charlotte Douglas International Airport or any other part of the city with ease. There are many nearby just off Shopton Road. You will find grocery stores, restaurants, and plenty of shopping at and around Charlotte Premium Outlets.

Homes in Emerald Point are typically 2-3 bedrooms with 2-3 bathrooms. Many of the homes have been renovated to include high end features such as granite counters, hardwood flooring, custom closets and more. To take advantage of the views of the lake, homes have outdoor living spaces for gathering, eating, or just sitting and reading a book.

In the past year, 14 homes sold in Emerald Point and most of them sold in less than a month. They are very popular so you have to act fast when one comes on the market. There are currently three homes for sale, but they are all already under contract. Homes typically sell for between $185,000 to $359,000. Prices vary depending on if they have a waterfront view, deeded boat slip, and size and number of bedrooms and bathrooms.

If you are interested in a home in Emerald Point or another neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can create custom searches of current listings on our website here.

Featured Listing: 9 Sandy Cove Road

Towards the end of Southpoint peninsula, you’ll find one of the best views of Lake Wylie and it can be all yours. Our new listing at 9 Sandy Cove Road is a true gem at the end of a cul-de-sac street in coveted River Hills. This home has the perfect vantage point for watching sunsets and sunrises from the very private, tucked away property.

This home features 210 feet of unobstructed, main channel views on a peninsula shaped lot. You can enjoy them from the enclosed screen porch, or from the open patio or from most of the rooms which have water views. This full brick home was built in 1978, but has been updated and feels light and open. Outside you will find new landscaping, an all new dock with lift and boat cover, and a shared beach area. There is a 2 car garage with a workshop and lots of storage. The driveway is large and can fit at least 10 cars, perfect for entertaining.

Inside you will find this home has been meticulously maintained and well cared for. There are two fireplaces, an open renovated kitchen with bar area. All bathrooms have been recently renovated as well as the mud/laundry room. There are four bedrooms and three and a half bathrooms in the home and all have lots of storage space and additional storage in the floored attic. You will enjoy all of the 4,030 square feet of this amazing home.

This home is located in the gated, country club community of River Hills. This amazing community features a business center, club house, dog park, fitness center, golf course, outdoor pool, playground, pond, recreation area, tennis courts and walking trails. There is private security in addition to sidewalks and street lights. The home is currently zoned for award winning Clover schools.

If you are interested in learning more about this gem of a home, give us a call at 803-831-8588. To view the full listing, click here. To view all current listings and create custom searches, visit our website here.

Visit Henry’s Orchard

On the far east side of York, SC, you’ll find a gem of a neighborhood called Henry’s Orchard. These modestly sized homes all have large lots, mature trees, and are zoned for York schools. Lake Wylie is just minutes away so you get the best of the country and the Lake lifestyle.

Come to visit Henry’s Orchard and you may not want to leave. The neighborhood is just off Old York Road, so it is easy to get to shopping, dining, and entertainment. You can be in York in just 10 minutes, Lake Wylie in 10-15 minutes, Charlotte Douglas International Airport in 40 minutes and Uptown Charlotte in 45 minutes. This means you can enjoy the country, while being close to all of the conveniences of the city.

Henry’s Orchard was built in the early 2000’s and homes show like new. These homes range in size from 1,500 to 1,900 square feet of living space and most have 3 bedrooms and 2 bathrooms. Most of these homes have two car garages, though some have a 1 car garage.

The property is the real star of homes in Henry’s Orchard. Each home has around a half acre of property perfect for outdoor living spaces. Many of the homes already take advantage of the outdoors with decks, patos, playscapes, pools, and fire pits.

In the past year, just four homes sold in Henry’s Orchard. The sale prices for the homes ranged between $230,000 and $267,000 with an average sale price of just under $250,000.

There are currently no homes for sale in Henry’s Orchard, but we can let you know as soon as one comes on the market. Give us a call at 803-831-8588 and we will set up a custom search for you. You can view current listings and create your own custom searches on our website here.

Join the Lake Life

What better gift can you give your dad this Father’s Day than a new home on Lake Wylie? There are so many to choose from at all different price points. What better way to escape the heat than to join the many people who already enjoy the lake lifestyle?

So, you’ve decided to become a homeowner. What’s the next step? You need a Realtor to help you through the process. They are trained professionals who work just for you to walk you through the largest single investment you will probably make in your lifetime.

The first step they will help you through is to get pre-qualified for a loan. This process can be time consuming as you need to provide documentation of your finances to your loan originator. This will include information about your employment, your bank records, and outstanding debts. This will help you know how much home you can afford.

When you have this information, it is time to circle back with your Realtor to start looking for homes. This will initially be done with a search engine like this one here.  Your Realtor has even more search parameters they can set up for you in a custom search so they can narrow down your prospective homes.

Once you have narrowed your search, it is time to go and see the homes in person. It can be hard to tell from photos what the feel of a home is, be sure to pay particular attention to the neighborhood, the location of amenities, the distance to shops and entertainment. It’s a good idea to view the home at different times of day to see traffic to and from work.

The next step is to choose the home of your dreams and work with your Realtor to craft an offer. There could be a few rounds of negotiations, or it could be a done deal the first time. It all depends on how many other people are vying for the same home.

When you have an accepted offer, you need to schedule to have the home inspected to make sure there are no outstanding maintenance issues. If there are, this is time for another round of negotiations where the seller will either fix issues or give you money to compensate you for repairs you will have to do once you own the home.

The next steps are all about getting your loan in order. You will need to provide further documentation to your loan originator, then once all of the paperwork is done, you head to the closing table. You will sign paperwork and the home is yours. Get ready to jump into Lake Wylie as you become the newest resident.

If you are ready to get the process started, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Serenity on Woody Point

Have you dreamed about having your own private retreat on Lake Wylie? If you have, there is an amazing opportunity right now to own 4.8 acres with lake frontage that includes two cabins. You can use the property as-is, or you can turn it into your dream home either keeping the existing structures or bringing them down to create your ultimate lake dream home. There is a chance to own the entire 4.8 acres, or just a portion of the property.

This amazing spot is right at the end of Woody Point Road on the North Carolina side of the lake. The address is technically Steele Creek, a booming area which had added many options for shopping, dining, employment, entertainment, and fitness recently. From this point, it takes around 20 minutes to get to the Charlotte Douglas International Airport, and just under 30 minutes to get into Uptown Charlotte. This property is close to Shopton Road which will connect you quickly to all of the services you will need including highway access. You truly have the best of both worlds with the city close, but you can live the slower lake lifestyle.

The lake access for the property is off the main channel so you don’t have to worry about too much boat traffic. This truly makes this a serene retreat perfect for family gatherings, or just relaxing in a hammock and enjoying the view. The property features expansive views of the lake as well as having a lot of wooded acreage affording privacy and homes for local wildlife.

There are two different MLS listings for this amazing property, to view each of the listings, click here and here. If this isn’t the property for you, call us to schedule a private tour of homes and properties in the Lake Wylie area at 803-831-8588. You can view all current listings and create custom searches on our website here.

September Market Report

Lake Homes Realty, an Alabama-based firm has ranked Lake Wylie the fifth-largest lake market from the 100-plus Multiple Listing Services they reported on. According to their report, the value of homes listed for sale, based on data for three months ending August 14th, was over $455 million. There were 1,082 homes available, which ranked Lake Wylie number 3. Their report only looked at homes and land that were adjacent to a lake, included a water view, lake access, or were in a lake-focused neighborhood. This could mean that neighborhoods that were not on the lake, but were considered by consumers to be lake listings were included as well.

When you look at the numbers from the most recent report from the Charlotte Regional Realtor Association’s Multiple Listing Service report, you find that the Lake Wylie region is humming along quite nicely. Almost category was up from the year before. Supply of homes was down to just a 3.2 month supply of homes, getting closer to the 2.2 month supply for the entire Charlotte region. This is not surprising given the general trend of lack of supply that has been plaguing the area for some time. New listings have not been able to keep pace, and this in turn has pushed prices even higher.

Lake Wylie is still more affordable than Lake Norman where the average price for a home is $472,444, but the average price for a home sale in Lake Wylie has risen to $423,236. Rising prices may be pushing some buyers to lakes further away from Charlotte when looking for their dream home or second home. However, there are still affordable options in Lake Wylie.

Pending sales were up 96.9% year over year and new listings were up 44.9% showing that for the next few months at least the market will continue to be strong. Closed sales were up 14% year over year and are up 12.8% year-to-date.

If you are interested in buying or selling a home 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

There are still chances to own a home in the amazingly tranquil custom neighborhood The Sanctuary. Located on the shores of Lake Wylie, but with a Charlotte address, The Sanctuary lives up to its name. There are resale homes and lots available in this exclusive tight-knit community.

Comprised of 1,350-acres of wooded land, The Sanctuary is unique as it has 22 miles of trails for residents to enjoy while cycling, hiking, or walking. There are many other amenities in the community including community Jr. Olympic pool, splash pad, tennis courts, and pickle ball courts. Inside the lodge, you’ll find a 24/7 fitness center, kids room, and gathering spaces available for rent for private events. Lake access is available to residents as well, with boating, kayaking, camping, and canoeing. Dock slips are available for lease for residents without direct water access.

The amenities aren’t the only great thing about The Sanctuary, the homes are pretty impressive as well. Homes sit on lots that are between 2 and 13+ acres providing plenty of privacy and room for outdoor living. There is also room on larger lots for additional structures such as boat storage, guest houses, studios, tree houses, home offices and more. Homes are estate sized with many over 5,000 square feet of living space. This means there is room for families of any size and private amenities like chef’s kitchens, bedroom suites, custom closets, home theaters, wine cellars, saunas, steam rooms, home gyms, and more.

There are 187 lots in the community, 90 of which currently have homes. There are 33 lots currently for sale through the MLS and they are all perfect for using one of the 15 approved custom builders.

The Sanctuary is located about 20 minutes from Uptown Charlotte and is close to highway access perfect for a commute or just a trip into town for a game, concert, or museum. There is convenient shopping close by in Steele Creek.

If you would like to schedule a private tour of available homes or land in The Sanctuary, call us at 803-831-8588. You can view current listings and create custom searches on our website here.