Watertrace is located off of Tega Cay drive right near Turner Field, between Tega Cay Golf Club and Trailhead Park. This great location is close to shopping, dining, and entertainment. A trip to Uptown Charlotte takes around a half hour with nearby highway access. It is also about a half hour to Charlotte Douglas International Airport.

Homes in Watertrace range in size from about 2,000 to over 5,600 square feet of living space. Some homes have fully finished basements. They include great features like open floor plans, chef’s kitchens, home offices, and luxurious primary suites. They have between 3 and 7 bedrooms and between 2 and 9 bathrooms. This wide variety means there is a home in Watertrace for every size family.

In the past year, just seven homes sold in Watertrace with only one waterfront home selling. They ranged in price from $500,000 to $835,000 which is low compared to many waterfront homes on Lake Wylie. There is currently one home listed for sale in Watertrace, and it went under contract the day it was listed. This is a great time to purchase a home before interest rates rise any further, but if you want a home in Watertrace, you have to be ready to put in an offer as soon as it becomes available.

If you want to know more about Watertrace or want to schedule a showing on a home in the Lake Wylie area, call us at 803-831-8588. We can help you with anything you need to buy or sell a home. You can view current listings and create custom searches on our website here.

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.

Copyright 2017 David McCorkle

Tega Cay and Fort Mill consistently rank among the safest cities to live in, with a very strong police department and fire department, both of which maintain great community relations.

The National Council of Home Safety and Security bases it’s rankings on “federal crime reports, population data and in-house research.” On average, there are seven violent crimes per 1,000 people in South Carolina, and Tega Cay hardly registered a percentage with only one violent crime against its entire population of over 9,500 people. And, Fort Mill has less than two crimes per 1,000 residents. Furthermore, the total number of property crimes in Tega Cay and Fort Mill fell well below the state average. These stats truly exemplify just how safe these areas are to live in.

For more details and information on the safety honors for  both of these great cities and what it means for the residents there, be sure to read the full article at Heraldonline.com.

Furthermore, an additional 147 townhomes may be built at Regent Park on a property that totals approximately 46 acres. Another residential development that may come to fruition is a single-family subdivision off of Kennel Road in Fort Mill between Springfield and Foxwood totaling approximately 29 acres.

As far as commercial development goes, there is a warehouse distribution center totaling 370,000 square feet that could potentially be moving to Lakemont Business Park on the 60-acre site near Carowinds. Also in the works is a convenience center at 2093 Fort Mill Parkway that will include a permanent trash and recycling center. There is also a plot of land on the corner of US 21 and Garrison Farm Road in the Fort Mill area that was an auto sales site and is up for redevelopment.

There are discussions of a new school located at 1894 Zoar Rosd near Tega Cay on a near two-acre plot of land, among many, many more potential projects. All of these projects have submitted preliminary proposals to the county and are waiting on approval.

For more details and information on what could be to come in Fort Mill and the surrounding area, be sure to read the full article at Heraldonline.com.

In addition to the newest 7,000 square-foot Carolina Ale House, additional upcoming restaurant tenants include a Starbucks coffee shop, a Smashburger, a Panera Bread, a Clean Juice bar, A Brixx pizza place, and a Corkscrew Winery, for now.

Kingsley Village is a mixed-use development occupying 626 acres and a recently opened new Courtyard Marriott hotel with 125 guest rooms. Additionally, 200 apartments are also planned for the development, and 48 of which will be located above retail shops in the town center. Kingsley Village is also home to Lash Group, which plans to employ 2,400 people at its facility, as well as LPL Financial, which expects 3,000 employees at its Kingsley facility.

Kingsley is a rapidly developing area, and for more details and information on what is to come, be sure to check out the full article at Heraldonline.com.

Lake Wiley’s Mill Creek Commons could be the potential new site for a new apartment community right across from the Harpers Green subdivision. This will be a significant residential addition as Mill Creek Commons is already home to many commercial retailers, including Walmart, Lowe’s, McDonald’s, Bank of America, Wachovia, Walgreens and Zaxby’s.

Furthermore, the 13-acre Public Storage site at the corner of Bonum Road and SC 49 could be home to even more new mini warehouses.

Fort Mill may be getting a new vet clinic at the North Carolina state line just off of Hamilton Place. Also in Fort Mill, a 5,000 square-foot space at 3004 US could undergoing a change from retail space to restaurant space.

There are also talks of building a 157-lot subdivision in the Rock Hill area just east of Hands Mill Highway. County planners are also discussing expanding another home subdivision at Shadow Lane and Brush Creek Road, and expanding a single-family subdivision west of SC 901.

These are just a few of the projects that county and city planners are deliberating over. For more details on these potential developments and others in the area, be sure to read the full article at heraldonline.com.

Let’s take a look at the real estate market stats for February for the entire CarolinaMLS Area, according to the Charlotte Regional Realtor Association.

Inventory for the Charlotte region is still incredibly low, and was down 28.1% last month as compared with February 2016. However, it is worth noting that even though closed sales were only up .5% in year-over-year numbers, pending sales are up 18.4%, indicating that closed sales are going to pick, as well.

Lake Wylie’s inventory numbers are fairly similar, with a 20.6% drop in year-over-year  numbers for the months supply of inventory available. However, closed sales are down 25.4% for the area, and pending sales are only up 7.5%.

There is better news for Fort Mill and York County as a whole, though, in terms of pending sales and market activity, where February saw an increase by 44.4% and 43.3% respectively, as compared with pending sales from February 2016.