Lake Wylie Real Estate

Once again the Carolina Regional Realtor Association has released their monthly report based on data from the Carolina Multiple Listing Services, Inc. They report on the entire Charlotte Region which includes a few counties in South Carolina around Lake Wylie, Fort Mill and Rock Hill.

Based on the report data as of the end of November, the Charlotte Region is still seeing the trend where prices are rising, inventory is decreasing, and closed sales are down year over year. This trend has been going on for a while now and there is no apparent end in sight at this time.

In the entire Charlotte region, inventory was down from 10,428 homes to only 9,701 homes on the market. There is hope for inventory going up as new listings were up 2.6%. Recovery to a balanced market between buyers and sellers is going to take a while as there is only a 2.4 month supply of homes and we need 6 months or so for a balanced market. That means that sellers still have the best position in real estate deals right now.

When you look into the report for just the Lake Wylie area, the numbers look a little bit different, but small sample size can skew the numbers to make small changes look extreme. For example, home sales were up 34.8% from November of last year, but they went from 69 to 93, only a change of 24 additional sales. The increase in sales is in opposition to the trend in the entire Charlotte region which was down 11.9% year over year.

Prices in Lake Wylie are on the the rise with the average home selling for $417,547. This is up 2.4% from last year and is $131,109 higher than the average home price in the entire Charlotte region. Inventory is down year over year from 367 to 357 bringing the months of inventory from 3.9 to 3.5. This is above the 2.4 month supply for the entire region, but still below the 6 months of a balanced market between buyers and sellers.

New listings were down year over year from 101 to 93, a decrease of 7.9%. Pending sales were up from 77 to 86, an increase of 11.7%. It remains to be seen if these trends will continue or if the market is beginning to slow down and become more balanced.

If you think lake living is out of your reach, think again. The highly desirable neighborhood of Boatshore has affordable single-family homes on Lake Wylie. This great location has a Rock Hill address and schools with lower South Carolina taxes. What’s not to love?

You enter the neighborhood from Mt Gallant Road between Museum Road and India Hook Road. This location is convenient to the Rock Hill/York County Airport. There is easy access to I-77 for a quick trip to Charlotte Douglas International Airport or Uptown Charlotte. There is great shopping and dining close by as well.

Streets in Boatshore are all named for different species of butterflies. This nature theme extends to the wooded rear lots and to Ebenezer Park which is walking distance away and features campsites, public boat ramp, swimming beach, picnic shelter, playground, and ranger station. There is no direct lake access from the neighborhood so the park is the nearest access. There is also Marine storage for your boat just down the road.

Boatshore has 72 lots and five cul-de-sacs making a quiet and intimate neighborhood. Homes were built between 2004 and 2005 and are typically between 1,100 and 1,400 square feet in size. Open floor plans are common and most homes have 3 bedrooms and 2 bathrooms. Many of the homes have outdoor living areas including decks, patios, fire pits, porches and more.

Children in Boatshore currently attend Mt. Gallant Elementary School, Dutchman Creek Middle School, and Northwestern High School. Please verify school assignments as they can change from one school year to the next and zoning boundaries can occasionally run through a neighborhood.

In the past year seven homes in Boatshore have sold for an average price of $187,671. The price range over that same time period was $172,500 – $204,900. These homes are great for singles, families, and are great for downsizing. Boatshore is definitely worth a look.

Rosedale is an amazing neighborhood in Lake Wylie, and now is the best time to buy a home here. According to Attom Data Solutions, a California-based property database firm, the best time to close on a home in December 26th. This means that now is the best time to get a contract on a home to close and pay around 1.3% or $2,500 less than full market value.

Attom’s senior vice president says “Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations.” There are typically fewer people trying to purchase homes during this time and that is exactly why it is the best time to buy.

Rosedale was built by D.R. Horton between 2010 and 2016, and the homes are just beautiful. Many homes have stone exteriors adding charm and character. There are a variety of plans for these homes, many with finished or unfinished basements. Homes are typically well over 2,000 square feet and can be almost 4,000 square feet with finished basements.

Homes in Rosedale have many features making them desirable. Many of the homes have trey or coffered ceilings, open floor plans, stainless steel appliances, hardwood floors and much more. Homes have 3-5 bedrooms, 2-4 bathrooms, and additional features like home offices and bonus rooms. Prices in the last year have been in the $290,000 to $385,000 range.

Children in Rosedale are currently zoned for top rated schools. Assignments are for Crowders Creek Elementary, Oak Ridge Middle, and Clover High Schools. Please verify school assignments as they can change from one school year to the next.

Rosedale is located just minutes from the lake and close to shopping, dining, and convenient to highway access. River Hills Country Club is adjacent to the neighborhood. There is easy access to highways I-77 and I-485 connecting residents to Uptown Charlotte, Charlotte Douglas International Airport, and all other points of Charlotte.

 

Check out this just listed home in the Lake Wylie community of The Landing. This amazing home has something for everyone in your family. There is a wonderful open kitchen, light and airy bedrooms, room for a home office, and plenty of room to play in the backyard.

When you walk up to the home past the three car garage, picture yourself sitting down to relax on a glider swing on the deep front porch. Open the front door and you will find yourself in a grand columned space housing foyer, living room and dining room. You will be struck by the soaring ceilings and gleaming hardwood floors. Architectural features abound with heavy mouldings, trey ceilings, wainscotting, and columns.

The rear of the downstairs features the open kitchen with dining area as well as countertop seating. The kitchen is open to the family room, but also features a mud room/utility room with great storage. The gleaming hardwood floors continue through this area and the family room boasts a cozy fireplace. The downstairs bedroom has no closet, but is perfect for a home office with built-in bookshelves.

This home has five bedrooms and three and a half bathrooms in 3,719 square feet of living space. One of the upstairs bedrooms features window seats with storage, but all are generously sized. The master suite contains amazing walk-in-closets with custom built-in storage and a bright master bath with separate tub and shower. Laundry is also upstairs along with a bonus room perfect for a playroom.

This home sits on 0.45 of an acre and has an iron fenced yard. The backyard has ample space to entertain and features terracing and a paver patio. There is space for backyard barbecues as well as sports equipment for the kids.

Current school zoning is for Oakridge Elementary, Oakridge Middle, and Clover High Schools. These top rated schools make this an even better option.

This home is in the ideal location, walking distance from the Lake, yet also close to shopping, dining, grocery stores, and much more. There is easy access to I-77 and I-485 making a commute a breeze. This amazing home is currently offered at $474,875. Give us a call to schedule a private tour.

Out past the Buster Boyd Bridge in Lake Wylie, South Carolina, you’ll find an amazing neighborhood in Paddler’s Cove called Summerhouse. There are great one and two story homes with great amenities and lake living. Summerhouse has small town feel but is still close  to Charlotte so you can enjoy all the city has to offer.

Homes in Summerhouse range between 2,041 to 3,104 square feet of living space with 2 to 4 bedrooms and 2 to 3.5 bathrooms. Homes can have an optional second story guest suite great for hosting out of town guests, or for a teenager to have privacy. These homes are perfect for downsizing as they aren’t as large as some in the area, and they are not part of a 55+ community as many others in the area are.

Homes have two or three car garages and prices start in the low $300,000’s and can go up to the mid-$400,000’s. With six plans to choose from, there is a plan to fit any family’s needs. In the past year, homes have sold for between $249,000 and $444,899 and can be packed with options and upgrades.

Schools are another great draw to Summerhouse. Current zoning has children attending Crowders Creek Elementary, Oakridge Middle, and Clover High Schools. All schools are top rated in the area and are highly desirable. Please verify school assignments as zoning boundaries occasionally cut through neighborhoods.

Amenities include access to Lake Wylie with public and private marinas. In addition, residents can enjoy a large covered outdoor patio and swimming pool bordering the water. This is the perfect community for beautiful homes and a beautiful landscape.