Papa Doc’s To Open Soon

As soon as the liquor license is in hand, Papa Doc’s Shore Club is set to open to the public in the former space of T-Bones near the Buster Boyd Bridge in Lake Wylie. This past Thursday they began a charity event raising money for Lake Wylie Children’s Charity featuring a taste test of the cuisine. The sold-out charity event runs through Sunday.

Residents and visitors alike are excited for the opening after T-Bones on the Lake closed in December ending a 24 year run. This location is fantastic as you can arrive by foot, bike, car or boat to enjoy food, drinks and fellowship. Papa Doc’s is also close to Uptown Charlotte, around a half-hour, so is a perfect quick escape.

The new space has a tiki theme that you can enjoy as individuals, families, groups, or reserve for larger events. There is an oyster bar as well as lake themed decor and a large events space. With a total of 4 bars, the restaurant can seat 650 people. There is a huge outdoor deck, 38 boat slips, and many indoor seating and bar areas. The menu is large and varied so there is sure to be something to please every palate. Expect a wait at first as this is sure to be a popular spot.

If you are looking to buy 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.

To read more about Papa Doc’s Shore Club, read the full article in The Herald.

Lake Wylie/Steele Creek/ Charlotte Real Estate report

The yearly numbers are in for 2018 for the Lake Wylie/Steele Creek Real Estate Market. The Carolina Realtors Association compiles data from the Carolina Multiple Listing Services to get a portrait of the local real estate market and provide us with data to analyze for our readers interested in Real Estate. This is what they show.

The Charlotte Region:

When you start digging into the numbers, for the entire Charlotte region sales were down 14% from December of 2017. Prices were up slightly, with the average sales price up 1.1% to $282,894. Inventory was down yet again from a 2.3 month supply to a 2.2 month supply, a decline of 550 homes. This leaves sellers again in the best position in real estate deals with a balanced market considered to be a 4-6 month supply of inventory. Pending sales were dead even and new listings were down 4.4% from this time last year.

In the Steele Creek area zip codes 28278 and 28273 the Market is extremely tight,

1325 Homes were sold compared to around 2000 in 2017. Currently there were only 15 Homes priced under $300,000 in the entire 28273 area, most sell within 10 days of entering the market and the overwhelming majority of those were priced under $350,000.

York, Clover and Lake Wylie: Zip Codes 29710 and 29745

A similar pattern continues in the South Carolina Market, sales were down from 2017 from a high mark of 1300 to 1135 in 2018, the majority of those 848 were priced under $350,000. Current active inventory is 221 Homes.

When you look just at Lake Wylie, South Carolina non waterfront resale Homes the story is a little bit different. Closed sales were indeed down year over year 15.3% from 98 to 83. Due to the small sample size, the percentages can look extreme so please keep that in mind. Average price was up year over year to $409,539, an increase of 16.2%. Inventory was dead even from last year in terms of months of supply at 3.3, but remember about that extreme note from earlier, there were actually 26 more homes on the market.

This means that sellers are still in a slightly better position in the Lake Wylie area. New listings are on the rise in the area with many new construction projects helping to boost the supply. The new listings were up 23.9% from 67 to 83. Pending listings were down year over year from 75 to 62, down 17.3%. Homes spent longer on the market in 2018 with days on market up 102% from 51 to 103, but this probably reflects new construction homes which typically stay on the market substantially longer than existing Homes.

In River Hills there is an extreme shortage of Homes on the Market the lowest in recent memory 52 closed last year with currently only 9 on the Market. New Homes accounted for an amazing 245 sales with strong sales in the Paddlers Cove Community

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 91 active listings in both Carolinas down from the 120 to 140 we experienced over the last decade with a median asking price of $839,000 which is over $100,000 more than last year with only 5 priced below $600,000.

The 1 Million plus market was very active with 11 Million Dollar plus Homes closed in 2018 and currently 14 are on the market, both numbers are about the same as 2017. A total of about 120 legitimately waterfront Homes sold down from about 160 from the year before due to a shortage in inventory with a median price pushing close to $725,000 up from the low $600,000’s a number that stayed steady for some time.

TIPS FOR BUYERS AND SELLERS:

In this unusual Housing market it is still important to discuss Home staging, photography, drone shots, brochures, marketing, Web presence and most of all pricing strategy. Here are a few other tips to guide the process.

The Real Estate transaction is a complicated and emotional process. Contracts and addendums are extensive sometimes reaching 20 to 30 pages.

Make sure you review all the documents prior to listing or purchasing a property, that way there will be no surprises when time comes to make an offer or negotiate an offer..

Understand the hard deadlines for Loans to be approved, Inspections to take place and negotiations on any repairs, speaking of repairs this is the biggest deal killer of them all as Inspectors are paid to find out everything that is not perfect with the Property, that offends most all Sellers.

The best tip of all is always hire an experienced professional Agent not a friend of a friend that just got Licensed or the former Barber or Hair Stylist. Transactional experience is key to a successful and Happy Purchase or Sale.

 

David McCorkle

David lives on Lake Wylie and is the Principle Broker of Lake Wylie Realty. David has been a Licensed Broker for 40 Years.

 

Friday Night Live Concert Series Returning to Belmont

Get your dancing shoes ready, Friday Night Live is returning to Belmont after a year away. Beginning this Friday, expect a great time with live music food trucks, a beverage garden, and kids activity zone downtown in an area for pedestrians only. Don’t be left out, this great event brings the entire community together.

Friday Night Live was started around ten years ago and typically brings 6,000 to 8,000 people to downtown Belmont. The city closes the streets to cars so it is safe for families to walk through all of the festivities. The event begins at 6 pm with a D.J. playing songs for an hour until the live music starts. The concert will end at 10 pm.

There are five concerts planned for this season:

  • Friday, May 4: Coming up Brass
  • Friday, May 18: Blackwater Rhythm & Blues
  • Friday, June 1: Steve Ownes & Summertime
  • Friday, June 22: The Entertainers
  • Wednesday, July 4: Gary Lowder & Smokin Hot (This is part of Red, White, & Belmont festival and fireworks which includes food, family games and entertainment during the day as well as the concert in the evening followed by fireworks.)

The main stage is on Main Street near Stowe Park. The city is providing additional parking to accommodate guests. This parking will be behind City Hall and off Mill Street. Additional parking is in the works for the parking lot across the street from the General Store. Belmont also recently installed a Wi-Fi zone free for public use.

Last year, there were concerts in Stowe Park. They were such a hit that they will return in September and October. These may be in the park or on Main Street like Friday Night Live. Details are still being worked out at this time and dates have not yet been announced.

Be sure to check out this fantastic event, but if you want to drink alcohol, be sure to bring your I.D. There will be designated areas for alcohol.

Enjoy these beautiful spring and summer nights with great music and fellowship with the community.

Sportsplex one step closer to reality

sportsplex

The York County Council on Monday approved a preliminary step to bring an athletic complex to the Lake Wylie area, according to a Rock Hill Herald report.

The council OK’d plans to set up a special tax district to help pay for the nearly $7 million complex that would be adjacent to Crowders Creek Elementary School.

The 50 acres adjacent to the school is owned by York County, however, the council members were split on who would ultimately run the complex, as the country does not want the responsibility.

Lake Wylie Sports Commission is the group behind the drive for the complex, but the commission does not want to run the complex. It is possible the special tax district, once established, would be the entity responsible for the complex, according to the report.

The hope is the complex, with 3 multipurpose and 3 baseball/softball diamonds, would drive more tourism by bringing sports tournaments to the Lake Wylie area. The hope is that local restaurants and lodging would also benefit from the proposed complex.

Signatures and fund-raising are the next step in bringing the facility to fruition.

In December, York City Council approved $2.45 million from its hospitality fund toward construction costs.

Ballots are to be circulated in 11 districts, and 2,751 signatures are needed in order for the sports complex special tax district proposal to be added to the November ballot.

Neighborhoods closest to the proposed complex are Autumn Cove at Lake Wylie and Tullamore, which is still being built out.

For the full story, see The Rock Hill Herald.

See our listing in Autumn Cove, a beautiful 3-bedroom, 2 bath home with numerous upgrades!

Catawba Park revision presented, vote soon

catawbaparkA Rock Hill-based engineering company presented Tega Cay City Council with its latest plans for a proposed recreational park facility that potentially will span 62 acres below New Gray Rock Road, across the river from Westminster Park.

Campco Engineering presented its revised plan Dec 21. A vote is expected in January, according to a Rock Hill Herald report.

Tega Cay owns 10 acres. The city is in talks with Duke Energy and Clear Springs Baxter for an additional 52 acres.

The site along the river would add sports fields, picnic shelters, a canoe/kayak launch, playgrounds and restrooms, among other amenities. The site already has a boat ramp and fishing areas, according to the report.

The final design planning could take six months. Design approval for the city’s 10 acres means work could start on that parcel of land sooner while agreements with the other land owners are negotiated.

Lake Wylie Music Fest

Everyone had a great time at the Music Fest this year the weather was gorgeous, we had a big crowd, it could not have been any better. Be sure to contact us for all you Lake Wylie Real Estate needs as we are the only true Waterfront Realtors. Our Office is conveniently located at the River Hills red light.

Lake Wylie music fest

LAKE WYLIE REALTY CO-HOSTS THIS YEARS LAKE WYLIE MUSIC FEST 9/5/2015

This years Music Fest takes on a different twist this year and is being held at The Lake Wylie Red Fez Club on the NC side of the Lake near the bridge. Patrons will be able to anchor up or come by land to see 8++Bands playing from 1:00 PM till dark and there will be a Craft Beer Extravaganza sponsored by Lake Wylie’s Sweetwater Bar and Grill. LOG ON

Music Fest

Lake Wylie Waterfront Fireworks Display 2015

YMCA Camp Thunderbird will be having their annual fireworks display Friday the 4th starting around 9:30 PM everyone is encouraged to donate to the cause. Please send checks to YMCA Camp Thunderbird . One Thunderbird Lane Lake Wylie SC 29710 Viewing is available at the Lake Wylie Realty Office parking lot for more info please call David McCorkle at 704-309-1549

Click to View the New Lake Wylie Today Magazine 2015

Lake Wylie Music Fest June 14th -8pm

The Lake Wylie Music fest is being held in Boyd’s Cove June 14th and can only be attended by water as usual this year. Starting the show will be Charlotte’s own Underground Detour Band, Lake Wylie Man and finish up with the Breeze and Bayou Blasters. lakewyliemusicfest.com