Neighborhood Spotlight: Lake Forest

If you are looking for a fantastic home with access to Lake Wylie and top rated Clover schools, check out Lake Forest. This amazing community has it all and a convenient location as well.

To get there from Charlotte, you can take Charlotte Highway all the way, or you can connect with I-485 or over to I-77. Carowinds Amusement Park is close by as well as Rivergate for shopping and dining. An Uptown commute will take around 30 minutes as will a trip to Charlotte Douglas International Airport.

Residents have access to a community boat launch suitable for canoes and kayaks. There are also many marinas nearby and public boat launches  available for use. Other amenities include a playground, recreation area and street lights.

Homes in Lake Forest were built between 2007 and 2014. Many of the homes are grand in scale with sizes ranging from 2,100 square feet to over 5,000 square feet. Lots are typically between a fifth and a third of an acre with some lots being much bigger. Many of the homes have outdoor living spaces including saltwater pools, outdoor kitchens, fire pits, decks, patios and sports courts.

Most of the homes in Lake Forest have three to five bedrooms and two and a half to four and a half bathrooms. Many homes have home offices, butlers pantries, mudrooms and many more builder features and upgraded features.

Lake Forest is currently zoned for top rated schools making the area even more desirable. Children attend Crowders Creek Elementary School, Oakridge Middle School, and Clover High School. Please verify school assignments as they can change from one school year to the next and zoning boundaries can cut through a neighborhood.

In the past year, homes in Lake Forest have sold for an average of $301,643 with $265,000 being the low and $330,000 being the high. There are currently 4 homes on the market which represents a 6.9 month supply of homes. This is in comparison to the 5.5 month supply for all of Lake Wylie. This means that the market is pretty balanced between buyers and sellers in Lake Forest at this time.

August Market Report

Another month has passed and we now have the monthly numbers from the Charlotte Regional Realtor Association. The data they use us from the Carolina Multiple Listing Services. In this monthly report, the CRRA compares numbers from this year to last year. Once again, the trends are showing that inventory is tight and prices are rising.

When you look at the entire Charlotte region, sales are down year over year by 6% from 4,800 to just 4,514. This is the 4th straight month of declines for the region. Average home price is up from $270,274 to $294,107, a rise of 8.8%. Homes are selling more quickly, just 38 days from list to sale, down from 43 days last year. Supply of homes went from 11,736 last year, down 14.3% to 10,052 this year representing a 2.4 month supply.

The story isn’t all grim however, pending sales are up 7.4% over 2017 from 4,443 to 4,771. New listings were also up slightly, up 1.5% from 5,576 to 5,660.

When you look at Lake Wylie, the picture is a little bit different, but keep in mind that with the smaller data set, numbers can be skewed by a few large homes selling, or a new construction neighborhood starting to sell homes.

In Lake Wylie, sales were up 16.7% from 108 to 126. Average home price was up 6.3% from $361,817 to $384,436. Homes are selling in an average of 63 days, down just one day from last year. Supply of homes went up from 393 to 417 representing a 4 month supply. This means that transactions are more balanced between buyers and sellers than in the Charlotte region as a whole.

Pending sales in Lake Wylie are up 3.3% from 92 to 95. New listings are up 17.5% from 126 to 148. This means that there are still many buyers in the area and they are motivated to buy even with higher average prices.

It remains to be seen if there is a general trend across the nation where the housing market is starting to cool down. Some analysts are predicting that prices are on the way down and that the market will balance as supply increases.

Secret Retreat in Forest Cove

The best kept secret on Lake Wylie has to be Forest Cove. This enclave of homes has the perfect location, on the Lake, secluded, but close to everything you need. These homes don’t come on the market often so you have to be ready to snap one up.

Forest Cove is located just off Armstrong Road within walking distance to Harbortowne Marina & Ship Store and Seven Oaks Cafe. Just around the corner is Daniel Stowe Botanical Gardens. Popular neighborhood McLean is just across Armstrong Road as well. This location is 30 minutes from Uptown Charlotte and 15 minutes to the Airport. Belmont is just a few minutes away for community events, shopping, dining, and more. The Carolina Thread Trails are nearby as well which will eventually network over 1,600 miles of trails and greenway.

Homes in Forest Cover were mainly built in the 1980’s, though many of the homes have been fully remodeled and modernized. Most of the homes have 3 or 4 bedrooms and 2.5 to 4 bathrooms. Some homes have fully wooded lots, and some have water frontage with private docks and boathouses. Many of the homes have basements for additional living space.

As for amenities, Forest Cove offers lake access, community boat slips & ramp, a beach in addition to volleyball court and picnic area. There is a playground for the kids and streetlights through the neighborhood.

Forest Cove is currently zoned for fantastic schools. Zoning has children attending New Hope Elementary School, Cramerton Middle School, and South Point High School. Please verify school assignments as zoning boundaries can run through neighborhoods.

If you look at sales for the past 12 months in Forest Cove, homes have been selling for an average price of $470,375 and typically sell in less than two months. Two of the homes sold in less than 10 days. This means that you have to be prepared to act fast to get in on this retreat of a neighborhood.

New Construction at Cadence in Tega Cay

A new active living community is underway right now in Tega Cay. Brought to you by Mattamy Homes, Cadence has low-maintenance ranch style homes surrounded by mature trees with an amazing park at its core. Cadence is also located near the heart of Tega Cay so it is easy to enjoy Lake Wylie and the surrounding area. Highway access is also close by to connect you to Rock Hill or Uptown Charlotte.

This exclusive community consists of 125 homes with seven floor plans, 8 quick move-in homes, and plenty of upgrades. Homes start in the low $300’s and have 2-4 bedrooms, 2-3.5 bathrooms, and 1,852 to 2,817 square feet of living space. All homes have two car garages, hardboard siding, and open floor plans. Homes have private courtyard patios for indoor/outdoor living. Many plans offer optional living space on the second floor which can contain a guest bedroom and loft. Homes have luxury finishes and features and can include home offices, guest suites and much more.

Lawn maintenance is provided by the homeowners association as is maintenance on all common areas. All homes are equipped with built-in irrigation systems. These features mean that you will spend less time making your home look just right and more time living in it.

Amenities include a community pool with easy-entry featuring lounge areas and shaded cabana with outdoor seating and restrooms. There are also walking trails throughout the community.

Children in Cadence are currently zoned for amazing schools. Assignments are for Gold Hill Elementary School, Gold Hill Middle School, and Fort Mill High School. Please verify school assignments as they can change from one school year to the next.

In the past year, homes in Cadence have sold for between $299,808 and $389,248 with an average price of $349,691. There are currently eight homes on the market which represents an 8 month supply. Once the neighborhood sells out, it will be a rare thing indeed to see one of these amazing homes come on the market so now is the time to act.

Great Value in Autumn Cove

If you want all of the benefits of living on Lake Wylie, but don’t have the pocketbook to afford a million dollar plus home, check out Autumn Cove. This amazing neighborhood has single family homes and townhomes right across the street from Crowders Creek Elementary School. This spot is on the Lake Wylie Road peninsula, bordering the Crowders Creek tributary not far from the Buster Boyd Bridge.

This established neighborhood has great curb appeal and a strong network of homeowners who take pride in the area. There is a neighborhood pool for residents to enjoy as well as a community playground. For the adults who like to play on the lake, there is dry boat storage available for residents. There is new construction in back of the neighborhood in the sister community Somerset at Autumn Cove.

Autumn Cove is full of traditional style homes starting in the $200,000’s and heading into the low $300,000’s. Homes have between 1,500 and 4,000 square feet of living space. This means that there is a home for every type of family whether you need a 3 bedroom home or a 5 bedroom home. There are many cul-de-sac streets with mature trees and landscaping.

The homes have great front porches perfect for chatting with neighbors. Homes were built in the early 2000’s and some have been upgraded substantially in that time. Many homes have granite counters, open floor plans, hardwood floors, and amazing outdoor living spaces. Some homes have formal living and dining rooms which can be used for home offices if needed.

Children in Autumn Cove currently attend Crowders Creek Elementary School, Oak Ridge Middle School, Clover High School. Please verify school assignments as they can change from one year to the next and boundaries sometimes cut through neighborhoods.

In the last year, homes have sold for between $192,000 and $319,000. There are currently 4 homes for sale in Autumn Cove which represents a 2.8 month supply of homes. This is in comparison to the 6 month supply when you look at all of Lake Wylie. This means that you have to be ready when one of these homes comes on the market.

 

July Market Report

Jason Gentry, president of the Charlotte Regional Realtor Association says “Without a doubt, limited inventory continues to pressure prices across the region, while also effectively slowing sales during what’s typically our prime selling season. Demand and pending contract activity remain strong, which means buyers must move quickly to purchase the home they want.” This was in response to the monthly report the association publishes based on data from the Carolina Multiple Listing Services.

When you look at the entire Charlotte region, average sales price is up to $290,486, inventory is down to just a 2.4 month supply, and homes are selling in an average of just 36 days. This means that buyers have to be ready to go quickly and be ready to pay top dollar for a home.

When you look at the numbers just for Lake Wylie, the picture is similar. Average price has risen to $409,133, a rise of 4.5% from July of last year. Inventory is dropping as well to a 3.7 month supply. This is dropping below the 4-6 months supply that typically represents a balanced market between buyers and sellers. Homes have been selling in an average of 50 days. This is down 7.4% from the 54 days last year at this time.

When you look at pending sales and closed sales in Lake Wylie, they are both way up over last year. Closed sales are up 11.3% from 115 to 128. Pending sales are up an amazing 41.1% from 102 to 147. We should see many of those sales close in the next month or two.

New listings on the other hand were only up 0.7% from 145 to 146. Based on the small increase, the inventory could drop again next month. As we have seen in the past, as inventory drops, prices usually creep higher following the laws of supply and demand.

As the Lake Wylie market is a smaller sample from the entire Charlotte region, sometimes what we think will be a trend is just the larger fluctuation of the smaller size. We will continue to watch the market to see what the numbers show. For now, buyers need to be ready to act quickly and will be hard pressed to find any bargains.

Neighborhood Spotlight: Pierpointe

Come and visit Pierpointe, a remarkable enclave of custom homes on the main channel of Lake Wylie. These homes have stunning views both inside and outside and epitomize the lakeside lifestyle. Add close proximity to major employers, an international airport, and Uptown Charlotte and this location is perfect.

You approach Pierpointe from Pine Harbor Road at Shopton Road. This means that Rivergate is just minutes away providing most of the necessities. There are shops, restaurants, and grocery stores in Rivergate. Residents can quickly get to I-77 or I-485 to connect with Charlotte Douglas International Airport and Uptown Charlotte.

Homes in Pierpointe are grand in scale and full of unique features. Many of the homes have two-story plans and some have fully finished basements as well. Some of the homes have extensive formal gardens, some have guest houses, some have media rooms, there are surprises in each home. Most homes have over 4,000 square feet of living spaces with between 3 and 6 bedrooms and 3.5-4.5 bathrooms.

The waterfront homes in Pierpointe have truly stunning views of the lake. Homes take full advantage of the views with terraces, sunrooms, decks, boat houses with lifts, floating docks and lakeside seating areas. Some homes even have pools that overlook the water. All have outdoor living spaces and lush landscaping making a true retreat. The lots are large, most are at least half of an acre with many over an acre, providing privacy.

These homes don’t come on the market very often, in fact in the past year only two homes came up for sale. Prices range from the $700,000’s to over $1 million.

Children in Pierpointe currently attend Winget Park Elementary School, Southwest Middle School, and Olympic High School. Please verify school assignments as they can change from one school year to the next.

Neighborhood Spotlight: Harbor Club

It may be hard to find a reasonable priced home in Lake Wylie, but Harbor Club on the North Carolina side of the lake is just such an enclave. This well established lake neighborhood has walking distance to shopping, reasonable prices, and beautiful grounds.

Harbor Club is located off Pine Harbor Road close to the intersection with Shopton Road. This location means that Steele Creek is close by for shopping and entertainment. Rivergate is also close by for shopping and dining. Easy access to I-77 and I-485 connect residents with Uptown Charlotte, Charlotte Douglas International Airport, and all points around the city.

Homes in Harbor Club were built in the mid-1990’s to 2000 and typically have 3-5 bedrooms and 2-3.5 bathrooms. They range in size from 1,700 to just over 4,000 square feet of living space. Many of the homes have been fully updated in recent years. Many homes have outdoor living spaces with decks, hot tubs, water features, fire-pits, patios and more.

Many of the homes are two story and some have fully finished basements as well. Rooms are large and floor plans are open making entertaining a breeze. Many of the homes come with deeded boat slips, but the Marina & Yacht Club is close by and offers day slips for residents.

Children in Harbor Club currently attend Winget Park Elementary School, Southwest Middle School, and Olympic High School. Please be sure to verify school assignments with the school district as boundary lines can change from one school year to the next and boundaries sometimes run through neighborhoods.

In the past year, homes in Harbor Club sold for between $242,000 and $293,000 with an average sold price of $268,967. There is currently one home on the market in Harbor Club representing a 2 month supply of homes. These homes don’t come up very often as 6 homes sold in 2017 and so far this year only two homes have sold with one currently on the market.

The Best Views: 7032 Brookview Drive

If you are looking for the best views on Lake Wylie in a newly remodeled space, you have to see 7032 Brookview Drive. This home has it all, amazing space upstairs, additional bedrooms and living space downstairs, a deck with million dollar views, covered patio, boathouse and more all in a great walkable location.

The home was originally built in 1977, but just underwent a major renovation. This includes a new three car garage, large enough to store cars, boats, and more. As you enter the property, the house is partially hidden behind a rise. As you approach you will see the new garage and paver patio and retaining wall.

As you enter the home, you will be amazed by the open floor plan and view all the way through and out the huge sunroom. This spacious feeling continues as you walk through the well appointed chef’s kitchen. There is a full dining room, or you can eat al fresco on the deck overlooking the water. The main floor also contains the master bedroom and bathroom as well as a half-bath.

Walk downstairs and you will find an additional living room, two bedrooms and another full bathroom. All of the bathrooms have been fully remodeled. With 3,220 square feet of living space and 3 bedrooms and 2.5 bathrooms, this homes is a great value at the current list price of $899,000.

You can access the lake from the walk-out basement or from the upstairs deck. You can walk all the way down to the covered dock with boat lift. With just under an acre, you will have plenty of room to enjoy everything the lake has to offer and have room for all of your guests.

Children in the neighborhood currently attend Oakridge Elementary School, Oakridge Middle School, and Clover High School. Please verify school assignments as they can change from one school year to the next and boundaries can sometimes cut through neighborhoods.

The location of this home really has few rivals. Lake Wylie YMCA and T-Bones on the Lake are within walking distance as are many other local businesses. York Road (highway 49) is just down the road making it easy to connect with I-77 and I-485. Rivergate is just down the road for additional shopping needs. Carowinds Amusement Park, Charlotte Douglas International Airport, and Uptown Charlotte are just short trips away. Closer to home you’ll find McDowell Nature Preserve and Daniel Stowe Botanical Gardens. Don’t miss your chance to own this stunning home.

 

Million Dollar View: 16201 Cozy Cove Road

Located right at the end of Cozy Cove road just past the Palisades you’ll find a truly spectacular home at 16201 Cozy Cove Road. Though not part of the Palisades, this home has an even more impressive view of beautiful Lake Wylie.

As you approach the home you see the all brick facade with side-load two-car garage. The lot is just over one acre so there is privacy from neighbors as well as room for lots of outdoor living. Relax on your beautiful sandy beach or take your boat out from one of the two covered boat lifts at the end of the pier. Relax and swim in the water from the floating dock, or just enjoy the view from the covered deck.

Inside this home rivals the outside. Enter through the front door and you will see high ceilings, columns, hardwood floors, and crown moulding. Explore through the 4,856 square feet and you will find 4 bedrooms and 4 full bathrooms. The master bedroom is on the main floor as are two of the additional bedrooms. You will also see the grand kitchen, dining room, great room and light filled sunroom.

Downstairs you will find a fully finished walk out basement with a full second living quarters, billiard room, and bar. You will also find the 4th bedroom and bathroom. Walk out to take advantage of the views of Lake Wylie’s main channel.

The 20 miles to Uptown Charlotte will take you right around a half-hour if you want to see a sporting event, museum, concert, night out, or commute. Charlotte Douglas International Airport is 18 miles away and will also take right around a half-hour.

Shopping, dining, entertainment and more are close-by at Rivergate. Just a little bit further away you will have more options at I-485 or I-77, both of which are close by. This close highway access is great for feeling connected to the city when you are relaxing with your lakeside living.

This home was made for entertaining and is move-in ready. Currently priced at $1,199,000, this home won’t last long. For more information, see our full listing here.