Lake Wylie Real Estate

Neighborhood Spotlight: Handsmill on Lake Wylie

February 11, 2018 by lkw_df Leave a Comment

Handsmill on Lake Wylie is a secluded, gated community located right on the shores of scenic Lake Wylie. The neighborhood is close to the state line, making it only a 30 minute drive to the city amenities of Charlotte. There are 20 square miles of lake for residents to enjoy, where they can reach the water from one of two private marinas and boat ramps. There are also many amenities away from the shore including walking trails perfect for spotting local wildlife. There is also a clubhouse with a Jr. Olympic sized swimming pool, fitness center, kids pool and play area, and an outdoor patio with fireplaces.

Just a 30 minute drive away, is the busy city of Charlotte which offers shopping, dining, and cultural options. For those that don’t want to go all the way to Charlotte, York County itself has plenty of options to explore, including one of several properties listed on the National Register of Historic Places. There is also a new children’s museum in the area as well as additional opportunities to see local wildlife in Kings Mountain State Park.

Currently there is 1 home on the market so the neighborhood is in high demand. This represents 1.7 months of inventory, making the neighborhood a seller’s market. This is comparable to York County as a whole, which is also more of a seller’s market.

In the last year the average price of homes have increased substantially but the average price per square foot has only increased slightly. Homes are currently on the market for around $575,000 and all homes are designed with modern finishes.

With its secluded feel and proximity to so many local and city amenities, Handsmill on Lake Wylie is the perfect place for a family home.

Steele Creek and Lake Wylie Housing Market Report 2017-2018

February 1, 2018 by David McCorkle Leave a Comment

The Steele Creek Real Estate market continues to be one of the top markets in the Country and is estimated to be one of the top 5 in the entire Country by the end of 2018.

On the National scene existing Home sales will finish at a pace not seen since the bubble bursting run up to 2006 clocking in at about 5.5 Million but amazingly still approximately 1.1 Million less than that all time high.

According to forecasts by the National Association of Realtors the steadily improving US economy, sustained job growth and rising confidence that now is the time to buy a Home should pave the way for an increase in Homes sales in 2018.

Back to Steele Creek, the availability of land, proximity to Charlotte’s 485 outer loop, Downtown and the Airport along with a widely diverse Housing Market are driving increases in prices and sales. A new master planned Development is in the final planning stages for the large mainly undeveloped area west and south of the Airport which will include the proposed River District slated to be larger than the Ballantyne area in South Charlotte. The area is expected to increase in population by 20-25% over the next 5 years.

Sales of new and existing Homes in the Steele Creek area over the past 12 Months for the zip codes of 28278 and 28273 were at a staggering pace of close to 2000 sold, leading the way the Community of Berewick with sales up 33% to 356, the Palisades with 131 sales was a distant second.

Another large Master planned Community is rising in Gaston County near Lake Wylie and Belmont called McLean, while just getting started sales were up to 40 in 2017.

Over on the South Carolina side of the Lake new Developments are popping up like spring flowers, national production Home Builders like Mattamy Homes and DR Horton along with local Builders, Fielding and Bonterra Homes are building a potpourri of styles and myriad of prices. New Home sales in the Lake Wylie SC area have increased from 75 in 2014 to around 200 per year at the end of 2017.

Sales of existing Homes in the Clover-Lake Wylie-York area zip codes of 29710 and 29745 although not quite as strong as its counterpart Steele Creek were close to 1300 over the past year. The top seller in that area is the well-seasoned “Jewell” of them all, the magnificently well planned Community of River Hills with close to 80 closings and an average sales price up 15% to $354,000.

WATERFONT MARKET UPDATE

Median prices continue to rise in the waterfront market due to low inventory and high demand, as of this writing there were just 57 active listings in both Carolinas down from the 120-140 we experienced for a few years with only 6 priced below $500,000. The 1 Million plus market was very active with 16- 1 Million Dollar plus Homes closed in 2017 and currently 12 were on the market. A total of 169 waterfront Homes sold down slightly from the year before with a median price pushing close to $700.000 up from the low $600,000’s that were steady for some time.

As urbanized Charlotte continues to gobble up large tracks of land for high density development the demand from those looking for the serenity and peace of Lake living along the shores of Lake Wylie will find it more and more difficult to afford.

Neighborhood Spotlight: The Retreat at Sunset Ridge

January 26, 2018 by lkw_df Leave a Comment

Conveniently located in the Clover area, The Retreat at Sunset Ridge is a beautiful neighborhood filled with new, move in ready homes. The neighborhood is located just minutes from Lake Wylie, which offers plenty of activities for outdoor enthusiasts including fishing, boating and kayaking. There are also a number of parks nearby including Cherry Park which offers picnic tables, walking trails, and five baseball diamonds. There are also multiple shopping centers close to The Retreat which offer plenty of shopping and dining options.

Residents of The Retreat at Sunset Ridge get to take advantage of the lower York County taxes as well as the renowned Clover school district. These schools are Bethel Elementary, Crowders Creek Middle, and Clover High School. The homes in the neighborhood are new, large, brick homes and the neighborhood offers a community pool in addition to all the nearby amenities.

Currently, there are 5 homes on the market in The Retreat at Sunset Ridge which represents 10 months of inventory. This makes the neighborhood a buyers market compared to York County as a whole, which is a seller’s market. This makes the neighborhood the perfect place to buy in York County.

In the last year, the average sales price has decreased while the average price per square foot has slightly increased. Homes are currently listed from $430,000 to $550,000 with the average seller’s discount remaining roughly the same in the last year.

With the current market and all the amenities available nearby, The Retreat at Sunset Ridge is definitely worth checking out!

Lake Wylie and and US Real Estate Market Report

December 23, 2017 by David McCorkle Leave a Comment

The steadily improving US economy, sustained job growth and rising confidence that now is a good time to buy a Home should pave the way for an increase in existing Homes sales in 2018 according to forecasts by the National Association of Realtors.

Nationally existing Home sales will finish at a pace of 5.47 million the best since 2006 but still about 1.1 million less than that all-time best mark.

The lack of inventory has pushed prices up 48% from the low point of 2011, locally the Steele Creek area remains one of the hottest markets in the Country, the population is expected to jump 20-25% over the next 5 years, and for most of us originally from the area this is both a blessing and a curse.

Closings in the past 6 months are at 834 with 211 under contract and currently 221 listed for sale.

Prices on Waterfront Homes have steadily gone up and finding anything under $600,000 is tough sailing. Homes for sale are at an all-time low at this writing of only 78. Median price is over $750,000 all record breakers.

Enough of the boring stats, if you’re planning to buy a Home or Condo now should be it, sitting on the fence so to speak is going to price you out of that dream Home. Quarterly prices have been increasing in some areas by 8% in the Charlotte area.

Buyers in the region are flocking to areas closer to Uptown Charlotte and prices are skyrocketing. Commute times and just being closer to the action seem to be the driving force. As traffic worsens that trend will surely continue and speaking of traffic it seems that it increases daily.

As a former member of the York County Planning Commission I always said the reason people left their former Cities and Towns and moved to this area will be the same reason they leave this area, Taxes, traffic, crime and poor planning.

David has been a Real Estate Broker, Developer and Contractor in the Charlotte area for 40 years and is currently Principle Broker and Partner of Lake Wylie Realty, David and his wife Karen live on Lake Wylie and are both Charlotte natives.

Neighborhood Spotlight: Austen Lakes

November 20, 2017 by lkw_df Leave a Comment

Austen Lakes is a neighborhood that provides a small town feel while still being close enough to the city. This community has a lot to offer including the lower South Carolina taxes and the premiere school district of York County.

Along with the neighborhood amenities, it is also close to Lake Wylie which offers swimming, boating, fishing, and hiking, as well as many ore outdoor activities perfect for the whole family. Austen Lakes is also only a short drive from the city which offers antique shopping, historical attractions, and many parks and trails for people who prefer the outdoors. These include Lincoln Park and Magnolia Street Park which have things like playgrounds, trails, picnic tables, and more.

Currently there are 2 homes on the market in Austen Lakes which represents 2.2 months of inventory. This means that Austen Lakes is a seller’s market which matches York County as a whole.

In the last year the average sales price has increased while the average price per square foot has slightly decreased. The homes range in square feet from 1200-3600 square feet and from 2-5 bedrooms. Homes are currently listed from $205,000 to $225,000.

With so many neighborhood amenities as well as things to do in the city, Austen Lakes provides the perfect small town feel for your next family home!

Neighborhood Spotlight: Heron Cove

October 31, 2017 by lkw_df Leave a Comment

Heron Cove is a serene neighborhood located near Lake Wylie. The neighborhood offers large homesites in order to best preserve the beauty of the land around it. Residents of Heron Cove get to enjoy South Carolina’s lower taxes as well as the benefit of being in one of the best school districts in the state (Clover school district).

Heron Cove offers many amenities, the largest one being its Waterfront Park. This puts all the amenities of Lake Wylie at your fingertips, providing the perfect place for swimming or fishing. There are even storage racks for resident’s kayaks and canoes. In addition to water based activities, the Waterfront Park also provides the perfect setting for picnics and fire pits.

Throughout Heron Cove there are many winding walking trails, perfect for enjoying the natural environment of the area. There is also a children’s park to offer a safe place for kids to play.

Currently there are 3 homes on the market in Heron Cove which represents 2.6 months of inventory. This makes the neighborhood a seller’s market similar to that of York County as a whole.

In the past year, the average sales price of homes as well as the average price per square foot have both decreased. Homes are priced anywhere from $450,000 to $650,000 and land sites are priced from the $60s.

Heron Cove is a peaceful neighborhood that offers small town comforts while still being close to big city amenities. It is the perfect place for nature-lovers to check out for their next home!

Neighborhood Spotlight: Tullamore

September 24, 2017 by lkw_df Leave a Comment

Tullamore is a beautiful neighborhood located just minutes from the stateliness giving its residents plenty of access to both the amenities of Lake Wylie, and the benefits of city life. Tullamore offers a secluded feel in large brick houses but residents still have easy access to I-85 which can take them downtown as well as to the airport. Residents also benefit from the lower South Carolina property taxes.

Tullamore is the perfect place for families, located in the renowned Clover school district and offering many amenities both within the neighborhood and locally. The neighborhood amenities include a playground and picnic area. There are also many amenities outside the neighborhood including the popular McDowell Nature Preserve and Waterfront which offers campgrounds, walking trails, and fishing docks.

There are currently 8 homes on the market in Tullamore which represents 6.4 months of inventory. This makes Tullamore a more balanced market compared to the clover district and York county as a whole, which are both more of a seller’s market.

In the last year, the average sales price for a home in this neighborhood has slightly increased but the average price per square foot has remained roughly the same. Homes on the market now range from $310,000-$420,000.

With so many local and neighborhood amenities, Tullamore is the perfect place for your next family home!

Neighborhood Spotlight: Lauren Pines

September 1, 2017 by lkw_df Leave a Comment

Lauren Pines is a beautiful secluded neighborhood that offers all the benefits of small town life while still being close to larger cities. Located in York County, Lauren Pines offers homes on large lots surrounded by nature, providing residents with a tranquil and relaxed setting. Residents also receive the lower taxes that come with South Carolina while still being close to cities like Charlotte.

For outdoor enthusiasts, Lauren Pines offers plenty of recreational options such as walking, hiking, or mountain biking on its many trails There is also plenty of wildlife in the area to observe and enjoy. Even though this neighborhood is outside of the city, it has easy access to I-85 giving it a direct route to cities like Charlotte and Spartanburg. Gastonia is also only 20 minutes away for those looking for more shopping and dining options.

Currently there are 6 homes on the market in Lauren Pines. This represents 10.3 months of inventory, making this are a buyers market compared to York County as a whole which is more of a sellers market.

In the last year the average price per square foot as well as the average total sales price of housers has slightly increased. Currently homes are listed from just over $300,000 to $375,000

If you’re looking for a family home in an area that offers a small town feel as well as being close to big city living, Lauren Pines is definitely worth checking out.