July Market Report

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.

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!

Hawthorne: Beautiful homes in historic Belmont


Lovely Hawthorne Park is the unofficial town center of Belmont’s Hawthorne neighborhood.

Just a quick walk from historic downtown Belmont is Hawthorne, which bills itself as Gaston County’s first traditional home development.

The land, located between South Main Street and Keener Boulevard, is the original location of the mill homes for employees who worked at Pharr Yarns’ Imperial Mill.

In 1999, the owners of Pharr Yarns began developing Hawthorne with the idea of keeping the close-knit community feeling of the old mill village. With their builder, they created a neighborhood of 26 luxury town homes and 72 single-family homes. The project was completed in 2007.

All the residences include private courtyards, rear-facing garages with access from alleyways, brick construction and porches. Hawthorne Park with its walkings trails also serves as the centerpiece of the community.

Welcome to 100 Cliveden Court

This gorgeous brick home sold in 2015.

Single-family homes originally sold for $250,000 to $600,000. Townhomes ranged from $245,000 to $350,000.

Currently, there are 2 single-family homes listed for sale in Hawthorne. Both homes were built in 2006 and are similar in size at about 2,400 square feet.

In the last 12 months, 7 single-family homes have sold in the Hawthorne neighborhood or an average of 0.6 homes per month. Current inventory for the neighborhood is 3.4 months.
The average for all of Belmont is 4.3 months. Gaston County is at 5.5 months inventory.

The average sales price of a Hawthorne home is $417,200 and nearly $135 per square foot.

Hawthorne is just 20 minutes from the Charlotte Douglas airport and a little more than 30 minutes from downtown Charlotte. Just north on Keener Boulevard is Wilkinson Boulevard and I-85. Both provide convenient access to the city.

Just a quick walk outside Hawthorne is the quaint downtown Belmont area. It is home to local boutiques and restaurants as well as several parks within walking distance. The U.S. National Whitewater Center is just 9 miles to the northeast. Belmont is home to Belmont Abbey College and the Daniel Stowe Botanical Garden, among other wonderful recreational options and destinations.

The neighborhood is zoned for Belmont Central Elementary School, Belmont Middle School and South Point (N.C.) High School.

The Landing: Lake life & the pursuit of happiness

Screen Shot 2016-01-26 at 2.11.53 PM

Great Clover schools, great location and York County taxes are just three reasons to consider moving into one of the beautiful homes in The Landing on Lake Wylie.

Located at Highway 49 near the intersection of Highway 274, the community is convenient to Charlotte, Rock Hill and Gastonia. Nearby Shoppes at the Landing offers retail, dining and business offices close to home. Walmart and Lowe’s Home Improvement are just up the road, and more dining and shopping options are further east on 49 toward the Buster Boyd Bridge.

For Landing residents there is a covered picnic area, a pool and clubhouse and a playground. There are also 2 miles of paved walking trails throughout the wooded neighborhood.

Developed by Crescent Communities and built by some of the country’s finest builders, such as Saussy Burbank, Shea Homes and David Weekly, The Landing has waterview, waterfront and interior homes available. There are also 4 sites for sale – 2 half-acre parcels and 2 three-quarter-acre sites still available ranging from $45,000 to $65,000. Home size requirements are minimum of 2,400 for a one-story ranch home or 2,600 for a two-story home.

Currently, there are 8 homes for sale in The Landing, two of which are under contract. None of the homes listed are on waterfront lots. They range in size from 2,800 square feet to 4,700 square feet. An average of 1.1 homes sell per month in The Landing, which puts the current inventory at just under 7.5 months. This is more than the average for Lake Wylie and York County, which each has 6.9 months of inventory.

The average price of a home in The Landing is $436,686 for the last 12 months. Expect to pay an average price per square foot of about $126 for a home in The Landing, which is the average during the last 12 months.

Twelve homes sold during the last year in The Landing for an average of 98% of list price. The highest price of a home sold was $744,000 for a waterfront home and lowest was $323,000.

You simply cannot go wrong living near the water, and The Landing is a fantastic, family-friendly choice!

Click to View the New Lake Wylie Today Magazine 2015

Lake Wylie’s Best Realtor

January 2015

Better Business Bureau

Southern Piedmont

13860 Ballantyne Corporation Place

Suite 225

Charlotte, North Carolina 28277

This brief letter is in reference to the professional services of David McCorkle, BIC of Lake Wylie Realty, Clover, South Carolina.

I retained the services of Mr. McCorkle (David) in February 2014 to sell the home of my deceased father, Robert Glenn Smith, Jr., who resided at 11101 Windy Grove Road in Charlotte, North Carolina. I could not have secured a better realtor.

As I live in Myrtle Beach, South Carolina, I required someone who could and would effectively represent me in Charlotte, communicate regularly with me, and adjust his schedule when necessary to meet with me during my monthly trips to the Charlotte area.

David certainly performed the expected realtor duties—listing the house and showing it to prospective buyers, representing my needs and expectations to potential buyers, and taking the sale through the closing process. His phone calls and emails were frequent; I was fully aware of developments as they occurred despite being 200 miles away.  David routinely altered his busy schedule to make himself available for personal meetings with me when I traveled to Charlotte, and travel plans were often made at the last moment.  All of these actions were expected by me, as David came highly recommended. But he went beyond the expected duties of a realtor. On several occasions, David visited the property simply to determine what work, if any, was needed. When he discovered a problem (or potential issue), he secured reputable people to make minor repairs to my father’s home, always with attention to cost. There were a couple minor, cosmetic issues that he handled himself, without charge. Adding to his work was the necessity of David serving as a liaison between myself and the property’s co-owner—my father’s second wife, a woman with whom I refused any direct, personal interaction.

Even more remarkable was David’s work following the actual, formal closing of the sale. He met me at the property when my family and I came to clear the house of its furnishings. David spent most of that day—using his own time—moving furniture, clearing the crawlspace and exterior buildings of stored household items, and removing trash and discarded items from the premises. I have never heard of nor imagined a realtor helping in such a manner, especially after the sale of property was final.

It is extremely rare that I find myself genuinely impressed with anyone, especially in the business sector; however, David was that rare individual. He was knowledgeable, effective in his dealings with prospective buyers, and forthright  in his dealings with me. He routinely communicated with me, offered sound advice, and adapted his schedule to mine, often rescheduling his own earlier-made commitments. He demonstrated professionalism in his work and inspired me with confidence in his handling of the entire process of representing the property and my needs—doing all of this more as a friend than as an agent Again, I could not have secured a better realtor.


Diann Townsend

614 Six Lakes Drive

Myrtle Beach, South Carolina 29588



Lake Wylie Real Estate, Charlotte Observer 11/15/14

By Allen Norwood: Special to the Charlotte Observer 11/15/14

Realtor Don Stephens of Lake Wylie Realty admits that the boom in Lake Wylie home sales last month caught him a bit by surprise. Sales up more than 64 percent? In October, when the summer lake season should be winding down?

He has been selling homes on the lake for more than three decades, and has never seen anything quite like it.

“I don’t think it through too much, though. I just try to stay by the phone.”

Lake Norman and Lake Wylie saw strong sales in October, according to this week’s report from Carolina Multiple Listing Services. Sales, or closings, at Norman were up more than 50 percent from the same month last year. Impressive, but Wylie did better, with sales up 64.3 percent, tops in the entire regional report.

To add a bit of perspective, sales in Charlotte rose by 9.8 percent and sales for the full MLS were up 13.3 percent.

Why Lake Wylie, and why now?

Stephens, who’s with Lake Wylie Realty, points to several factors: Interest rates, especially on large loans, remain a bargain. New roads and shopping centers provide access to the airport and to upscale stores and restaurants.

Wealthy retirees, for instance, can choose the lakefront lifestyle without giving up other things that are important to them. “We’re not way out in the country like we used to be,” Stephens said.

They can choose the lakefront lifestyle and still be just minutes away from their grandchildren in Charlotte. “Probably 50 percent of the business I do has a grandkid component,” he said.

Most of those retirees are relocating from other parts of the country, he said, and most find him online.

It has been years since Wylie was “the river” flanked by the simple “cabins” that longtime Charlotteans remember so fondly. Large homes have gone up, just as they have on Norman.

“Lake Norman has dominated the market for $1-million-plus homes for a long time,” he said. “We see that starting to change here pretty quickly. Nobody builds anything little anymore.”

As waterfront lot prices go up, homes get bigger. Lots of buyers – and some lenders – follow a rule of thumb that the lot price ought to account for about a quarter of the total value, Stephens said. So if the lot sells for $250,000, the new house ought to cost $750,000 – and there’s another $1 million place on the lake.

Low interest rates on jumbo loans make that even more attainable.

Add one more crucial factor – “There’s a new sense of optimism in the market that was absent,” Stephens said – and you see sales climb 64.3 percent.

Community Profile and Homes for sale River Hills

River Hills is the benchmark community of Lake Wylie with over 1,100 single family, condominiums and waterfront homes developed beginning in the 1970′s by Sea Pines Group of Hilton Head Island, SC. With it’s rolling hills, mature landscaping, ponds, fountains and located on the shores of beautiful Lake Wylie, River Hills Plantation is a beautiful place to live and play. This gated community offers a wide variety of home styles, and of lifestyles and activities for all ages. With a championship golf course, marina, 10 court tennis complex, fitness center, swimming pools, covered pavilions, parks, playgrounds, community gardens, full service country club, community church, clubs, organizations, community events and festivals, the River Hills resident will never lack from a choice of preferred activities.River Hills Marina

For peace of mind, the River Hills/Lake Wylie EMS squad headquarters and training center is located at the entrance to the community. Visit their website at www.rhems.org. A private security force is in place at the 2 gated entrances and patrols the neighborhood 24/7.River Hills Gated Entrance 2

The River Hills Country Club provides social, tennis and golf memberships available to residents and non-residents. Enjoy all of the activities and services at the 21,000 sq ft fully functioning, professionally staffed, beautifully designed clubhouse. To learn more about the River Hills Country Club go to www.riverhillscc.org.

The Blue Flag Awarded River Hills Marina is a true full service marina and has the State of SC Marina Commission AND the Lake Wylie Marine Commission’s ‘Clean Marina’ designations. In 2013, it opened the Portside 301 Club at River Hills Marina – a private social club and lounge. The Pier 88 Yacht Club offers a full range of boating related services including boat rentals, fuel, equipment sales and casual dining. For more information on all the amenities offered at the River Hills Marina check out their website at www.riverhillsmarina.com and/or www.pier88yachtclub.com. In 2011 the River Hills Promenade was completed for a scenic stroll or jog along the edge of Lake Wylie.

For convenience, the River Hills Tech Center, located near the marina, is a 3 building complex offering an all encompassing range of business needs including office/conference space, postal and internet service, administrative support and more.River Hills Golf Course
The River Hills Community Church is an interdenominational church serving area residents. It’s website is www.rhcconline.org.

The YMCA’s Camp Thunderbird is located inside the gates of River Hills Plantation. Founded in 1936 by Curtis B Johnson, former owner and publisher of the Charlotte Observer, the camp offers water and land activities such as skiing, sailing, kayak/canoeing, horseback riding, rope courses, sports and crafts for the young people of the area. It is a summer resident camp, an environmental education center, a day camp and conference and retreat center. For more information on Camp Thunderbird visit their website at www.campthunderbird.org.

The Bluff Villas condominiums, built in 1973, consist of 129 units spread over 28 acres of mature trees and landscaping with it’s own pool and amenities. Separate from The Bluff Villas is another group of waterfront condos with available docks and boat slips. The condos range in price from the low $100′s to $400 for waterfront and they sell quickly!

Single family homes in River Hills can range from the upper $100′s to over $1M for lakeside estates.

Located just on the South Carolina side of the Buster Boyd Bridge on Hwy 49, River Hills Plantation is only 30 minutes from Rock Hill, Uptown Charlotte, Gastonia or Charlotte-Douglas Airport. It is located in the award winning Clover School District and enjoys low York County, SC taxes. It is close to retail stores, restaurants, banks and business offices. For outdoor enthusiasts, the Daniel Stowe Botanical Garden, McDowell Nature Preserve, Kings Mountain State Park, Nannys Mountain and more are located nearby. Carowinds Amusement Park, open all summer and featuring Scarowinds in the fall, is only 15 minutes away!



River Hills Entrance

River Hills Entrance
River Hills Entrance
River Hills Gated Entrance

River Hills Gated Entrance
River Hills Gated Entrance
River Hills Golf Course and Lake Wylie

River Hills Golf Course and Lake Wylie
River Hills Golf Course and Lake Wylie
River Hills Golf Course

River Hills Golf Course
River Hills Golf Course
River Hills Marina view from water

River Hills Marina view from water
River Hills Marina view from water
River Hills Marina Kayaks

River Hills Marina Kayaks
River Hills Marina Kayaks
River Hills Marina Sign

River Hills Marina Sign
River Hills Marina Sign
River Hills Pro Shop

River Hills Pro Shop
River Hills Pro Shop


River Hills Pond and Fountain

River Hills Pond and Fountain
River Hills Pond and Fountain
River Hills Street View

River Hills Street View
River Hills Street View
River Hills Tennis

River Hills Tennis
River Hills Tennis
River Hills Country Club

River Hills Country Club
River Hills Country Club
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Lake Wylie Community Profile River Point

The RiverPointe neighborhood is located just at the Charlotte side of the Buster Boyd Bridge in Mecklenburg County off of Hwy 49 in North Carolina.  With two beautifully landscaped entrances, this heavily wooded, tree lined neighborhood consists of a wide variety of stately brick and stucco homes on rolling hills with glorious views of  sparkling Lake Wylie, SC.   Strong architectural controls have created and maintained this beautiful lakeside community consisting of approximately 200 custom homes built between 1989 and 2009. Lake front, lake view and interior homes, and a limited number of lots are available. RiverPointe has it’s own ship-shape Marina, with boat slips for those homeowners living on interior lots to enjoy all the pleasures of lake activities, too.  A pool and clubhouse, two tennis courts, a playground and a gazebo for picnics or a shaded spot to sit with your favorite book are just a few of the other amenities available.  Most streets end in cul de sacs providing a safe environment for walking, biking or skating.  Hop in your boat for a quick ride across the lake to dine at the famous waterside T-Bonz Restaurant.  The height of the summer is the fantastic Fourth of July fireworks display easily enjoyed by the residents from their Marina. Single family homes are available from the high $300,000’s up to $1 Million+.  Currently, there are 4 lots ranging in price from $50,000 to $75,000,.

Conveniently located, RiverPointe is only 30 minutes from Rock Hill, Uptown Charlotte, Gastonia or Charlotte-Douglas Airport. Carowinds Amusement Park, open all summer and featuring Scarowinds in the fall, is only 15 minutes away and the YMCA‘s Camp Thunderbird is just a few miles down Hwy 49.  The Buster Boyd Landing, next to T-Bonz is just a short boat or car ride.  For the outdoor enthusiast, McDowell Nature Preserve and Copperhead Island, accessible by car or boat, are 5 minutes away.

RiverPointe has meticulous, mature landscaping, shady trees and beautiful views throughout.  Take a drive through this enchanting neighborhood to see it for yourself, then come see me for current pricing and availability.