Featured Listing: 13 Longbow Court

A great opportunity to own a condominium just came on the market in Lake Wylie. This unit at 13 Longbow Court is located within the gated community of River Hills in the Bluff Villas complex. Everything in this end unit has been tastefully updated, from the kitchen to the bathrooms, to the bedrooms. This home is sure to be the private serene retreat you have been looking for.

This home features abundant natural light from the many windows including a wall of windows in the living room. You can cozy up to the fireplace in the winter, and watch the birds in the trees outside. You will be able to stretch out in the three bedrooms and two and a half bathrooms in just over 1,900 square feet of living space.

Resort style amenities are a hallmark of River Hills and residents can make use of all of them. There is a private pool, park and marina just a short walk away that are just for Bluff Villas. In the wider neighborhood you will find 24-hour security, golf course, marina, rented boat slips, dog park, beach, park, playground, fitness center, tennis courts, sidewalks, streetlights, and country club.

Homeowners here enjoy the lower South Carolina taxes and award winning Clover schools. The neighborhood was originally built in the 1970’s and has cool retro styling. Units are multi-story with vaulted ceilings making the spaces feel grand. Each unit has a large storage/utility room to store water toys to help make full use of the lake.

The location of this home is truly perfect. It sits off Hamilton Ferry Road close to Highway 49. This means residents have quick access to shopping, dining, and they are close to the Buster Boyd Bridge making a trip to Charlotte within easy commuting distance.

This home is move-in ready, so if you would like to schedule a private tour, call us at 803-831-8558. You can view all current listings and create custom searches on our website here.

See our full write up of Bluff Villas here.

Explore Forest Oaks

If you’re looking for a great family friendly neighborhood near Lake Wylie, South Carolina, look no further than Forest Oaks. This great spot is adjacent to River Hills Country Club and just steps away from the shore. Right down the road is the Buster Boyd Bridge with many shopping and dining options, some even within walking distance. About 5 minutes down the road is public boat access so you can take advantage of the full Lake lifestyle. This location is also perfect for anyone with an Uptown Charlotte commute.

Homes in Forest Oaks were built between 1989 and 2009, with most of the homes built in the early 2000’s. Homes range in size from 1,100 to 2,300 square feet. That makes them the perfect starter size for a small family or for downsizing from a larger home. Homes have 3 to 4 bedrooms and 2 to 3 bathrooms. Yards are small and easy to care for, and exteriors are low maintenance.

In the past year, 22 homes sold in Forest Oaks. This is a great neighborhood to watch closely as there are currently six homes on the market. Prices typically range from $155,000 to $231,000 so these homes are much less expensive than many other areas of Lake Wylie. There is currently a 3.4 month supply of inventory which is compared to a 6.4 month supply in the whole of Lake Wylie. This means that Forest Oaks is currently in a seller’s market.

If you would like a private tour of homes in Forest Oaks, call us at 803-831-8588. You can view current listings on our website here and also create custom searches to help find your perfect next home.

Neighborhood Spotlight: River Hills

If you want a one-of-a-kind experience, River Hills is a unique neighborhood on Lake Wylie that you need to explore. This resort-away-from home could be your new home and it is only 18 miles from the center of Charlotte, North Carolina. The neighborhood was designed by Sea Pines of Hilton Head. It features casual Southern living in a gated community with 24-hour private security, a staffed gatehouse and all the amenities plus low South Carolina taxes and top-rated schools.

A magnolia tree lined entrance welcomes you to the over 800 acres of River Hills. Within the neighborhood you will find almost 1,100 homes set among mature trees and a championship golf course as part of the River Hills Country Club. Residents can choose from one of several types of club memberships. Residents also enjoy a playground, basketball court, dog park, community garden, beach park, and marina club with over 200 slips. Residents also gather throughout the year for community events organized by the homeowners association. Seasonally the neighborhood sees horses come through from YMCA Camp Thunderbird which is located adjacent to the River Hills, close to the Buster Boyd Bridge.

Homes in River Hills range from more affordable condominiums and patio homes to exclusive lakefront estates. In the past year homes in River Hills sold for between $211,000 and $800,000 though some of the premium waterfront homes occasionally come on the market and can list for well over $1 million.

If you would like to schedule a tour of homes in River Hills or are looking for a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

State of the Housing in the Charlotte Market by UNCC

A comprehensive report issued last week by the Childress Klein Center for Real Estate (CKCRE) at UNC Charlotte offered a sobering picture of the State of Housing in the eight-county Charlotte Region. Using a wide range of housing data from 2010 – 2017, the report concludes that our region is woefully under-producing both for-sale and rental housing, leading to a growing affordability crisis that is most directly impacting middle-income families.

Read the article:

https://rebiccharlotte.com/2019/01/22/unc-charlotte-state-of-housing-summit/

Steele Creek and Lake Wylie Housing Market Report 2017-2018

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.

LAKE WYLIE/CLOVER MAYDAY PROJECT FUNDRAISER

SIGN UP TO PLAY IN THE 7 th ANNUAL CHARITY GOLF TOURNAMENT TO BE HELD AT THE RIVER HILLS COUNTRY CLUB MONDAY, OCTOBER THE 9th:

For information  log onto maydayproject.org  and for those not wishing to play you can donate to the 501 (c) (3) Project through the website and see all the great things where  the money will go : Help our local underprivileged kids, local teachers, counselors and school nurses to by supply’s for the Homeless kids

Market report: Waterfront sales

screen-shot-2016-10-02-at-4-47-13-pmLet’s take a look at the year-to-date numbers for waterfront properties in and around the Lake Wylie area.

With the first three quarters of the year under our belt, the housing market, and particularly waterfront sales, are looking good for Lake Wylie and the surrounding region.

Year-over-year numbers indicate that the average number of homes sold per month are up, with 105 homes sold so far in 2016 (approximately 12 homes sold per month) as compared with only 91 homes sold through the third quarter in 2015 (approximately 10 homes sold per month).

Furthermore, the average list price has increased from $548,000 in 2015 to $608,000 in 2016, the average sales price has increased from $525,000 in 2015 to $580,000 in 2016, and the average price per square foot has increased from $172 in 2015 to $190 in 2016.

Even though the current number of waterfront homes on the market, 130 to be exact, represents 10.8 months of inventory which would be considered a buyer’s market, the year-over-year numbers reveal positive trends for sellers. Plus, based on what is on the market now in Lake Wylie and the surrounding region, the average price per square foot is $221 and the average list price is $875,000, and both of these numbers are notably higher than last year’s numbers at this time.

In the first three quarters of 2015, homes spent an average of 124 days on the market, and in 2016 homes spent an average of 142 days on the market, indicating slightly less activity this year and a sign that buyers may have the upper hand now.

So, while, inventory points to favoring the buyers, other stats are looking favorable for sellers. It’s a win-win!

Major development is happening in York County

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Exciting things are happening in and around the Lake Wylie area, and if you have been thinking about moving to the area, now may be the best time yet.

Development plans are in full swing in York County, with major residential projects on the horizon in Lake Wylie, and plenty of commercial construction happening in Fort Mill, as well. There are currently several hundred acres of land up for review for new construction plans across the region.

The southwest corner of US 21 and Gold Hill Road occupying almost 25 acres is tentatively planned for four commercial 30,000-square-foot buildings, plus another 20,000 square-foot building, as well as plenty of parking.  The property is currently zoned for residential use but rezoning efforts are in the works. This will be big!

There is also a residential subdivision in the planning stages in Lake Wylie on a piece of property owned by Crescent Communities, a very prominent developer. The proposed site is located at SC 49 and Daimler Boulevard, and plans include the development of single family homes.

There are also plans for an apartment complex at the corner of SC 49 and Senator Road, just east on Mill Pond Road. Furthermore, another car wash could also be moving into the Lake Wylie area on a 15 acre lot on SC 49.

So much growth and development throughout York County shows signs of a strong economy here as well as it being a desirable place to live. As the community grows and more residential options become available, the business community will also continue to thrive. For more details on the projects currently underway in Lake Wylie and Fort Mill, read the full article at heraldonline.com.

 

Beautiful golf course home: 10 Bald Eagle Road

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You will not want to miss this beautiful four bedroom, three and a half bathroom home located on a beautiful golf course in the exclusive River Hills plantation. The neighborhood is conveniently located on the exquisite Lake Wylie in the town of Clover, South Carolina, just minutes from Charlotte, North Carolina. This location offers all of the perks, advantages and conveniences of the big city, as well as the charming, smaller town setting of life on Lake Wylie. Screen Shot 2016-07-17 at 4.39.23 PM

The home overlooks the 15th hole of the local golf course from the new sunroom, and also features a large kitchen, a great room, an office/nursery, a den and multiple fireplaces for chilly nights.Screen Shot 2016-07-17 at 4.39.58 PM Screen Shot 2016-07-17 at 4.39.42 PM

 

With 3,179 square feet, there is plenty of functional as well as beautiful  living space. The master suite is stunning and there is even a second owner’s suite with en suite bath.

Screen Shot 2016-07-17 at 4.39.50 PMPlus, the basement features a two-car oversized garage with dumbwaiter, work area, and storage, as well as a separate bedroom and full bathroom that opens to a brick courtyard with a fountain. It is a perfect space for guests!

When living in River Hills, you have the option to join the River Hills Country Club for wonderful golf and other amenities. Screen Shot 2016-07-17 at 4.41.02 PM

This home features tons of natural light, beautiful finishes and charm, and a location that cannot be beat. At $475,000, you will certainly want to consider adding this home to your search.

Be sure to check out all of our listings here, or browse our website to find your dream home!

 

Beautiful waterfront property: 4 Hidden Cove Lane

Screen Shot 2016-07-07 at 3.25.28 PMIf you are looking for a waterfront home in a gorgeous community like River Hills, you will not want to miss this stellar home at 4 Hidden Cove Lane.

Located in the gated River Hills community but considered “off property” and not included in the HOA, this home has the advantage of being in the River Hills location without the thousands of dollars per year in HOA fees.

Screen Shot 2016-07-07 at 3.25.35 PMThis three bedroom, two and a half bath home totals 2,638 square feet on over a half acre lot, featuring expansive main channel views as well as a beautiful beach area with a boathouse and dock. The views from this property are just spectacular!

Screen Shot 2016-07-07 at 3.25.47 PM Screen Shot 2016-07-07 at 3.26.06 PMAs for the house itself, it was built in 1959 but has been beautifully updated to include a lovely kitchen with stainless steel appliances and plenty of cabinet space. The family room features a cozy wood burning fireplace to keep you warm on chilly Carolina nights, and the back deck is the perfect spot to enjoy the sunset or your morning cup of coffee.

Waterfront property in Lake Wylie is second to none, and at $648,500, this one in particular should not be missed.

For more information on this property or others like it, call 803-831-8588 or visit lkwrealty.com.