Homes for sale in Lake Wylie

Take A Closer Look: The Glades at Windswept Cove

May 31, 2019 by lkw_df Leave a Comment

Right along Big Allison Creek, one of the most coveted spots on Lake Wylie, sits the waterfront community of Windswept Cove. Connected to Windswept Cove, accessed from Concord Road are The Glades at Windswept Cove. With over 224 acres, this South Carolina community boasts just over 100 homesites with large lots, great homes and the highly desirable Clover School District.

Homes in The Glades at Windswept Cove sit perched a fabulous spot, with winding lanes, rolling hills, and a magnificent view of the Lake. Lots average 1.6 acres, though some lots are 2 acres or more. Waterfront homes command a premium, but have piers and boat docks. Interior lots have great views as well as tree lined lots and privacy. The natural beauty of the area is protected by environmental covenants which limit the mass clearing of trees on home sites.

Homes here were mostly built between 2008 and 2009 and are grand in scale, most having over 4,000 square feet of living space. These homes are custom built and have amazing attention to detail. There is a true sense of community, though there is no homeowners association. Prices can vary widely due to size and lot location.

This great location is between Lake Wylie and Rock Hill. There are many options nearby for shopping and restaurants. Two miles away will find you at the Commodore Yacht Club Marina. Allison Creek Public boat ramp is just minutes away as well. A trip to Uptown Charlotte should take around 45 minutes.

To see housing options in The Glades at Windswept Cove area or any other Lake Wylie area home, give us a call at 803-831-8588. You can read more about Windswept Cove here. Be sure to visit our search page where you can view current listings and create custom searches.

April Market Report

May 15, 2019 by lkw_df Leave a Comment

Analysts are optimistic about a slow-down in the rapid pace of home price increases in the Charlotte area. There also appears to be a halt to the decline in the number of homes sold, bucking an 11-month trend. It remains to be seen if the halt is temporary, or the beginning of a longer trend. Homebuyers could use a break as they have not had equal footing in real estate transactions with sellers for a long time with the persisting low inventory and rising prices.

When you look at just Lake Wylie, you see that homes are selling quicker than at this time last year. In fact, cumulative days on market before sale went from 96 days down to 69 days, down 28.1%. Days from listing to closing also reduced from 128 to 103, a reduction of 19.5%.

Inventory is down slightly in the area, from 3.9 to 3.8 months of supply, but not nearly as low as the entire Charlotte area at 2.2 months. New listings are up slightly year over year from 176 to 178, a rise of 1.1%. Closed sales are up 7.1% from 113 to 121. But the big story in Lake Wylie is that pending sales were up a whopping 30.4% from 115 to 150! This is great news for the next few months as we should see strong sales numbers when these pending sales head to the closing table.

Prices in Lake Wylie are headed down per the report, but remember due to small sample size, a few large transactions, or lack of them, can skew numbers so we need to wait and see if this is part of a larger trend. Average sales price was down 5.3% from $395,080 to $374,062. Median sales price was also lower by 8.4%, from $360,426 down to $330,000.

If you are looking to buy or sell 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.

Great Value in Irish Downs

May 3, 2019 by lkw_df Leave a Comment

While the Charlotte metro area is staring in the face of an affordability crisis in residential real estate, people are looking further out from the city center to get great value. One place where you can find great affordable options without giving up quality or desirable school is Irish Downs in Clover, South Carolina. This highly sought after neighborhood has homes under $200,000 and feeds to award winning Clover schools all just over 30 miles from Uptown Charlotte.

Homes in Irish Downs were built between 2003 and 2018. Most homes have between 3 and 4 bedrooms and 2 to 2.5 bathrooms in 1,600 to 3,100 square feet of living space. These homes contain features such as large kitchens, fireplaces, flex-spaces, lofts, garden tubs and much more.

Irish Downs is in a great location, just about a mile to the Northwest of the main intersection in Clover. This means that residents are close to community events, shopping, dining, entertainment, schools, and much more. Clover is a great family-friendly community with a population over 5,000, though that is sure to become larger as more people find out about this great area.

In the past year, homes in Irish Downs sold for between $148,000 and $221,000 with an average sale price of $185,613. There are currently two homes available in Irish Downs with another three under contract. Homes are desirable and sell quickly with some going under contract in less than a week.

If you would like to schedule a tour of homes in Irish Downs, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: The Lakes at Derby Downs

May 3, 2019 by lkw_df Leave a Comment

If you are looking for a custom home in an equestrian community in York County, look no further than The Lakes at Derby Downs. Though not on Lake Wylie, this charming neighborhood boasts peaceful ponds and oversized lots, perfect for a personal retreat.

Homes in The Lakes at Derby Downs vary in size from 2,300 to almost 5,000 square feet of living space. They have a variety of styles and architectural features. Some of the homes have basement lots, some have attached 4 car garages. Most of the homes have large kitchens with islands. Homes have between 3 and 5 bathrooms and 2 to 3.5 bathrooms. Additional features of some homes include coffee bars, sunken family rooms, in-ground pools, screened porches, high ceilings, spa-like bathrooms, deluxe owner’s suites and much more. Many of the homes have over 3 acres of land, perfect for outdoor sports of all kinds, as well as outdoor living spaces. The neighborhood contains equestrian facilities and equestrian trails.

Prices in Derby Downs are typically in the high $200,000’s to the high $400,000’s depending on size of the lot and of the home. Over the past few years, only one or two homes sells in this area meaning that residents don’t want to give up these amazing homes. If this is the spot for you, be ready to snap up a home when it becomes available.

If you are interested in The Lakes at Derby Downs, give us a call at 803-831-8588. We can schedule a private tour of the community and homes in the area. You can also view current listings and create custom searches on our website here.

Year End Market Wrap Up

January 17, 2019 by lkw_df Leave a Comment

The start of the new year is always a time of reflection. Looking back at the year in Real Estate is a good way to see where we are and where we anticipate the market is heading. Predictions are imprecise at best, but we can show you the yearly trends and give a possible scenario for the future.

When you look at the Lake Wylie area, if you look at the trend over the previous few years, you can see that there are more new listings now than ever before. In 2013 there were just 1,056 new listings all year and in 2018, there were 1,656. This increase reflects the boom in the area with new construction, renovations, and the growth in the area.

Closed sales have gone up as well which shows more of the story of the population boom. In 2013 just 646 homes closed. In 2018 there were 1,227, an increase of 581 homes. When you look at the entire Charlotte area, the increase is much larger over the course of those years, 13,220 more, but the region has grown a lot over that time and the MLS data also includes surrounding counties now and it did not before.

Prices of homes are one of the more dramatic areas of growth over the time between 2013 and 2018. In 2013 the average home in Lake Wylie sold for $327,130. In 2018 the average Lake Wylie home sold for $397,957, and increase of just over $70,000 in just 5 years.

When you look at the shorter trend, comparing 2018 to 2017, you see that Lake Wylie is not seeing the slump that the rest of Charlotte is seeing. Lake Wylie has had gains in new listings, pending sales and closed sales. In comparison, Charlotte as a whole has seen declines in all three. It remains to be seen if Lake Wylie will see the slowdown that has been evident in the region as a whole. The Lake is a huge draw so it will probably see the slowdown much later than the rest of Charlotte, if it sees it at all. Looks like the Lake is a good bet for the foreseeable future.

If you would like to own a home in Lake Wylie, give us a call at 803-831-8588 to schedule a private tour of homes. You can view current listings and create custom searches on our website.

Neighborhood Spotlight: Graystone Estates

September 28, 2018 by lkw_df Leave a Comment

Do yourself a favor and check out Graystone Estates in Belmont. This amazing neighborhood has all brick homes, large lots, plenty of privacy, yet is close to everything. It is zoned for great schools making it a desirable spot. Homes have between 4 and 6 bedrooms, perfect for a large family, or for creating the perfect work-from home atmosphere.

Graystone Estates is located in a small enclave just off South Point Road near the intersection with Henry Chapel Road. This cul-de-sac neighborhood has around 45 homes that are convenient to shopping, dining, entertainment, churches, and much more. Downtown Belmont is a quick drive up the road and has many quaint shops, great restaurants, Belmont Abbey and College, Greenway access, and community events. Highway access is quick to get to and will connect you with Charlotte Douglas International Airport, Uptown Charlotte, and much more. In the next few years, light rail is expected to come to Belmont which should give residents another option for an Uptown trip or commute.

Children in Graystone Estates are currently zoned for Belmont Central Elementary School, Belmont Middle School, and South Point High School. Please verify school assignments as zoning boundaries occasionally cut through neighborhoods.

Homes in Graystone Estates are large in scale with most homes having between 2,800 and 3,400 square feet of living space. Vaulted ceilings, grand entryways, gourmet kitchens, sumptuous master suites and more are standard in most homes. All homes are four sides brick with at least a 2-car side-load garage. Many of the homes have the master suite on the main level with additional bedrooms on the second floor. Homes were built in the early 2000’s and many have been remodeled and updated since that time.

In the past year, homes in Graystone Estates have sold in the $355,000 to $515,000 range with an average price of $437,250. There are currently two homes on the market representing a 6 month supply of homes. This compares to the 5.7 month supply in Belmont and the 4.2 month supply in Gaston County. Average price per square foot for the last year has been at $137.32. The two current listings have an average list price just over $400,000.

July Market Report

August 16, 2018 by lkw_df Leave a Comment

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

August 14, 2018 by lkw_df Leave a Comment

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.