Lake Wylie Communities

Explore Manors At Handsmill

May 16, 2019 by lkw_df Leave a Comment

If you love the Handsmill area of Lake Wylie and want a new construction home, Manors At Handsmill may be the right choice for you. This section of Handsmill has new construction homes built by True Homes that share the same private gated community and amenities. Enjoy the slower pace of Lake living, just 40 minutes away from Uptown Charlotte.

True Homes has 11 floor plans to choose from in Manors At Handsmill ranging from 2,157 to 3,614 square feet. These homes have between 3-6 bedrooms and 2-5.5 bathrooms. Many of the plans have home offices, flex spaces, gourmet kitchens, butler’s pantries, trey ceilings, and much more. Homes have one or two stories and many include drop zones with cubby storage perfect for coats and backpacks. Children in Manors At Handsmill currently attend desirable and award winning Clover schools.

The amenities are a major draw for people moving to Manors At Handsmill. They equal or exceed any other upscale lakeside community. There are two community marinas, docks, Resident’s Club Clubhouse, pool and fitness center. Outside you will find walking trails, a sandy beach, park, playground, playfield, boat and RV storage area and garden plots. These are all in addition to the 300 miles of shoreline and 14,000 square miles of Lake Wylie.

Prices start at $273,900, though most homes with upgrades and options sell for over $300,000. Properties with water frontage command a premium and have sold for up to $1.7 million.

If you are looking to buy a home in Manors At Handsmill, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

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.

New Development One Step Closer in Southeast Gastonia

May 8, 2019 by lkw_df Leave a Comment

Though it has been talked about for years, a major residential project is about to be a step closer to fruition. The land in question sits at the intersection of Union Road and Union-New Hope Road, near the Carolina Speedway, and has 315 acres. There have been many different plans for the project over the last 15 years, but the recession derailed the plans.

This Thursday, the Gastonia Planning Commission will review and vote on a preliminary plat for a subdivision on the property. The plan is from Suncrest Real Estate and Land out of Phoenix, Arizona. It includes 400 single-family homes on 243 of the 314 acres. This would be phase one of the project which could be named Nolan Farm after the main street in the plan.

The zoning on the property could eventually allow for as many as 760 homes, though the expectation is that the number will be lower so there can be a mix of residential and commercial. With that many homes, there will need to be supporting businesses from gas stations and shops, to restaurants and entertainment. Within the community expected amenities include a clubhouse, pool, athletic courts, sidewalks, walking trail, pocket park and green space.

Part of the plan also includes extending utilities to accommodate the new homes. This means water and sewer upgrades which could begin as early as this summer if the plans are accepted. The next steps after utilities are grading the site and preparing roads to service the neighborhood.

If you would like to be in the loop on this development in the works, 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 this potential development, see the full article in the Gastonia Gazette.

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.

Check out Meadowview in Tega Cay

September 26, 2018 by lkw_df Leave a Comment

If you are looking for all of the benefits of living on the lake, without the lakefront price tag, Meadowview in Tega Cay is the place for you. This amazing community is close to the lake with nearby public boat ramps. There are also fantastic schools, and miles of hiking and biking trails.

Meadowview is located off Tega Cay Drive, walking distance to Tega Cay City Hall and Trailhead Park. There are restaurants and shops that residents can walk to as well as many other options just a short drive away. I-77 is close by for a quick trip to Uptown Charlotte or Charlotte Douglas International Airport. Just past the highway, residents will arrive in Fort Mill for many more options for dining, shopping, and entertainment.

Homes in Meadowview have 3 or 4 bedrooms and 2 or 2.5 bathrooms. Homes have two car garages and partial brick facades and many are on cul-de-sac streets. Square footages range from 1,600 to 2,200. Many of the homes have open floorplans, home offices, private owner’s suites, and much more. Homes were built in the early 2000’s and many have been upgraded since they were built. Many of the homes have had remodeling done to update kitchens, bathrooms, or open floor plans further.

Meadowview is currently zoned for coveted Tega Cay schools. Children attend Tega Cay Elementary School, Gold Hill Middle School, and Fort Mill High School. All schools are top rated and award winning. Please verify school assignments as they can change from one school year to the next.

In the past year, homes in Meadowview have sold for between $245,000 and $283,000. There is currently one home for sale in the neighborhood listed at $275,000. This represents a 1.5 month supply of inventory which compares to the 4.3 month supply in the rest of Tega Cay and the 4.3 month supply for all of York County.

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.

Neighborhood Spotlight: Harbor Club

August 8, 2018 by lkw_df Leave a Comment

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.