Featured Listing: 144 Autumn Falls #17

A rare opportunity to own an immaculate townhome in Autumn Cove is available now. This wonderful home has everything you need and is close to shopping, dining, highway access, commuting distance to Uptown Charlotte, and is close to Lake Wylie. The home is zoned for award winning Clover schools, yet has lower South Carolina taxes. This impressive home is a must see and won’t last long.

This home has a great open floor plan with the kitchen open to the breakfast room, and large great room. This is the perfect place to entertain as there is also a dining room and a half bath downstairs. Upstairs you will find the large master with spacious walk-in-closet and en suite bath complete with a garden tub and separate shower. There are two additional bedrooms and one more full bathroom upstairs.

Outside this home you will find a private fenced back yard with patio perfect for outdoor dining and relaxing by the fire pit. There is also a one car garage perfect for car storage or to set up as a workshop.

Autumn Cove is located right across the street from Crowders Creek Elementary School on the Lake Wylie Road peninsula. This means that you are close to the Buster Boyd Bridge right in the heart of Lake Wylie. Residents can enjoy the outdoor community pool, playground, and walking trails.

If you would like to schedule a private tour of this home or any other home in the Lake Wylie area, give us a call at 803-831-8588. You can view additional details on this home here and view all current listings and create custom searches on our website here.

Explore Golden Pond

Picture yourself living in a great neighborhood close to Lake Wylie with a private pond, and oversized lots with tons of privacy. Sound good, then you need to check out Golden Pond. This pocket neighborhood is located off of Hands Mill Highway on the South Carolina side of the lake.

From Golden Pond, you can get to Charlotte Highway 49 in just a few minutes so you can have a quick commute in to Uptown Charlotte and Rock Hill. This also connects you to the lake to enjoy watersports, as well as into the town of Lake Wylie for shopping, dining, and community gatherings.

The homes in Golden Pond are varied and range from ranch style to double wide homes. Homes were built in the late 1990’s and typically have 3-4 bedrooms, 2-4 bathrooms, and around 1,200 to 2,000 square feet. Many of the homes have multiple outbuildings for storage, parking, workshops, second living quarters and more. Some of the homes have great features to enjoy the wildlife such as decks, patios, and sunrooms. There are even a few with pools, either in-ground or above-ground. There is no homeowner’s association so you can be as active or inactive in the community as suits your needs.

Homes in Golden Pond sell quickly, in the last year only four homes sold in a range of 0 to 12 days on the market before they went under contract. These homes sold for between $123,000 and $164,000 so they are a great value due to the location and size of lots.

If you are interested in a home in Golden Pond, call us at 803-831-8588. We will let you know as soon as one comes on the market. You can view current listings and create custom searches on our website here.

 

October Market Report

The monthly report has been published with data from the Carolina Multiple Listing Services, Inc. The report is compiled by the Charlotte Regional Realtor Association which reports on the entire Charlotte metro area including parts of South Carolina. The report is clear, the trend in the Charlotte area is continuing once again. For yet another month, supply of homes has gone down while prices have risen. This is great news for sellers, as they can expect to receive top dollar for their homes, but it is continuing to be hard on buyers as they have to be ready for a home as soon as it hits the market and be ready to pay top dollar.

When you look at the numbers for Lake Wylie, supply is falling and prices are still on the rise as well. Additionally, there are not many new listings compared to last year at this time so it is unlikely that the supply of homes on the market will recover soon. In fact, the supply of homes is down to just a 2.8 month supply, down from a 4.1 month supply last year. This decline of 31.7% brings the Lake Wylie area more in line with the rest of the Charlotte area. A balanced market between buyers and sellers is typically considered to be about a 4 to 6 month supply of homes so sellers have a distinct advantage at the moment.

Prices have been rising as the supply of homes dips which is a basic rule of supply and demand. The median sales price rose from $346,000 last year to $365,000 this year. The average price for a home sale rose to $438,669 which is getting closer to the average price in Lake Norman which was $498,318, just shy of $60,000 lower.

Closed sales were up from 62 last year to 121 this year, an increase of 95.2%. Pending sales were also up from 98 last year to 133 this year, an increase of 35.7%. New listings were down from 126 last year to just 110 this year, down 12.7%.

If you would like to help bring the new listing number higher by selling your home, give us a call at 803-831-8588. If you are interested in buying a home, first check out our website to view current listings and create a custom search. If you are interested in a particular neighborhood, we can let you know as soon as new listings are placed for sale.

September Market Report

Lake Homes Realty, an Alabama-based firm has ranked Lake Wylie the fifth-largest lake market from the 100-plus Multiple Listing Services they reported on. According to their report, the value of homes listed for sale, based on data for three months ending August 14th, was over $455 million. There were 1,082 homes available, which ranked Lake Wylie number 3. Their report only looked at homes and land that were adjacent to a lake, included a water view, lake access, or were in a lake-focused neighborhood. This could mean that neighborhoods that were not on the lake, but were considered by consumers to be lake listings were included as well.

When you look at the numbers from the most recent report from the Charlotte Regional Realtor Association’s Multiple Listing Service report, you find that the Lake Wylie region is humming along quite nicely. Almost category was up from the year before. Supply of homes was down to just a 3.2 month supply of homes, getting closer to the 2.2 month supply for the entire Charlotte region. This is not surprising given the general trend of lack of supply that has been plaguing the area for some time. New listings have not been able to keep pace, and this in turn has pushed prices even higher.

Lake Wylie is still more affordable than Lake Norman where the average price for a home is $472,444, but the average price for a home sale in Lake Wylie has risen to $423,236. Rising prices may be pushing some buyers to lakes further away from Charlotte when looking for their dream home or second home. However, there are still affordable options in Lake Wylie.

Pending sales were up 96.9% year over year and new listings were up 44.9% showing that for the next few months at least the market will continue to be strong. Closed sales were up 14% year over year and are up 12.8% year-to-date.

If you are interested in buying or selling a home in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Investment Opportunity in Hamiltons Bay

Are you interested in second, mostly passive income stream? Rental property could be the right choice for you. There are not many opportunities in the Lake Wylie area to get in on a starter income property, but Hamilton’s Bay Condominiums are a great place to start. There are also opportunities to own and live in one of these units. They are a great price, a great location, and are zoned for award winning schools and have lower South Carolina taxes.

Hamiltons Bay was built in 1990 and has 216 units in 3-story buildings with condos and townhome options. There are one, two, and three bedroom units with one to two bathrooms. Many of the units have been completely remodeled, and some have opportunities to update them. Some of the units are fully furnished corporate units available for short term leases.

Amenities for Hamiltons Bay include fitness center, playground, laundry center, outdoor swimming pool with kiddie pool, patio area with grills, picnic area, tennis court, and complimentary boat and RV parking. There is also on-site management with 24-hour emergency maintenance.

To find Hamiltons Bay, go across the Buster Boyd Bridge to the South Carolina side of Lake Wylie. In the heart of Lake Wylie, Hamiltons Bay is on the right hand side just off Highway 49. There are many options for shopping, dining, and entertainment within just a few minutes. Going a little bit further away, you’ll find additional choices as well as outlet malls. A trip to Uptown Charlotte for work or pleasure is only 20 miles. Charlotte Douglas International Airport is just under 20 miles, perfect for a weekend retreat or a business trip.

There are currently no homes on the market in Hamiltons Bay and they do sell quickly when they do hit the market. In the past year 10 homes sold for between $87,500 and $127,000. Most of them sold the first week they were on the market and sold for between 94% and 103% of list price.

If you are interested in a home in Hamiltons Bay, call us at 803-831-8588 and we will contact you as soon as one hits the market. You can view all current listings and create custom searches on our website here.

Commercial Marina Coming to McLean

If you needed another reason to take a look at a home in McLean, there is a new commercial marina coming to the neighborhood. This adds yet another luxury feature to this amazing neighborhood.

The marina is being built by McLean in a partnership with Morningstar Marinas. The facility is already under construction and will have 300 dry slips, 35 wet slips, a waterfront event lawn and a ship’s store. Morningstar plans to handle day-to-day operations as they do on their three marinas on Lake Norman.

This adds to the list of amenities in McLean that is frankly, impressive. There are 130 acres of green space throughout the community. Residents have clubhouses, playgrounds, pools, mountain biking trails, pavilions, and 5 miles of shoreline on Lake Wylie.

When McLean is completed, there will be a total of around 800 homes in three distinct neighborhood sections in the 670-acre community. The land was the homestead of Daniel Stowe in Belmont.

All of these homes are located around 30 minutes from Uptown Charlotte. They are luxury homes on estate sized lots. Prices start in the $300,000’s but can go well over $1 million for custom waterfront properties. This is one of the last of the large scale neighborhoods to be developed in Lake Wylie as there are not many large tracts of undeveloped land left. If you want to get in on one of these amazing homes, now is the time to begin.

To read more about McLean, click here. If you would like to schedule a private tour of homes in McLean or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

August Market Report

Prices in the Charlotte area are on the rise and inventory is shrinking. If it feels like you’ve read this before, you have. This trend has been going on for a while and there appears to be no end in sight. This means that Charlotte is still a popular spot for people to purchase a home, but it can be hard to find the homes of your dreams due to lack of supply. This has led to homes selling above list price and multiple offer situations which can be stressful.

The monthly report from the Charlotte Regional Realtor Association is based on data from their subsidiary the Carolina Multiple Listing Services, Inc. The data is clear, the average sale price of a home in the Charlotte area was up 5.5% over last August. This was an increase from $294,534 to $310,691. This is an increase of $16,157 in just one year.

The supply of homes went down at the same time from 11,413 down to just 9,412. This is a 17.5% decrease and represents a 2.3 month supply of inventory. A balanced market between buyers and sellers is considered to be a 6 month supply.

When you look just at Lake Wylie in the data, you see that the numbers are headed in the same direction. The average sales price of a home in Lake Wylie went from $386,967 last August to $406,428 this August. This $19,461 difference is 5% higher than last year at this time.

The supply of homes in Lake Wylie decreased from 441 to 385. This leaves us with a 3.3 month supply, a decrease of 12.7% from last year.

The most interesting number for Lake Wylie this month is in pending sales. There was a 97.7% increase in pending sales from 88 last August to 174 this August. This bodes well for our sales numbers for next month as many of these additional sales will head to the closing table.

If you are interested in buying or selling 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.

YTD Market Reflections

More than half of the year has already passed us by, and the real estate numbers for Lake Wylie look good. In fact, only three areas, Mt. Holly, Moresville, and Harrisburg, had a larger increase in closings. This is great news for current homeowners in the area as they can expect to see a stable market for equity in their homes as well as for resale values. It can be challenging for buyers as it means that the market is strong so finding a home can be tricky.

Lets dig into the numbers a bit, all numbers we are looking at are Year-to-date from January to June and we are comparing 2018 to 2019. All of these figures come from the Multiple Listings Services, Inc which is owned by the Carolina Regional Realtor Association. In 2018 there were 601 home sales that closed. During the same period of 2019, there have been 656. This increase of 55 closings represents a rise of 9.2%.

New listings and pending sales are indicators of how the market will do for the next few months as those will head towards the closing table. In 2018 there were 954 new listings. In 2019 so far there have been 1,019. This is an increase of 65 listings or 6.8%. Pending listings were 677 in 2018 and are at 826 in 2019. Increasing by a whopping 22%, this represents 149 additional pending sales.

Price is the other big factor when comparing data from year to year. One waterfront sale can make a big difference in numbers as the sample size is smaller and can be skewed. In 2018, the average price for a home sold was $395,023 and in 2019 it is $396,509. This is a modest increase of just $1,486 which is just a 0.4% increase. Homes are selling a little bit quicker as well, in just 121 days from list to close. This is a whole week quicker than 2018 at this time.

It appears that the Lake Wylie area can expect the real estate market to remain strong at least for the near future. If you are interested in buying or selling a home near or on Lake Wylie, give us a call at 803-831-8588. You can view current listings and create your own custom searches on our website here.

Neighborhood Spotlight: Mill Creek Falls

If the last bit of summer has you thinking you’d like to live closer to the Lake, Mill Creek Falls could be the place for you. This master-planned community has great amenities, award winning schools, lower South Carolina taxes, and is still close enough to the city for commuting.

Mill Creek Falls was named after Mill Creek, a nearby tributary to Lake Wylie. The neighborhood was initially built between 2005 and 2006, and was completed over the next ten years. There is an active homeowners association which organizes events and activities throughout the year. These range from an annual chili cook-off to an Easter egg hunt. Many of the events are held at the Junior Olympic sized pool, and many at the Clubhouse. In addition, amenities include a children’s pool, tennis courts, gazebo, picnic area with barbecue grill, walking trails, and a six-acre lake for the community to enjoy.

Located off of Highway 274, Mill Creek Falls is just south of the North Carolina state line. This great spot means that you are close to the Lake and public lake access, as well as outlet malls, restaurants, grocery stores, entertainment, and the town of Clover.

Homes in Mill Creek Falls are single-family and semi-custom homes ranging between 2,000 and 4,000 square feet. Most of the homes have 3 to 5 bedrooms and 2.5-4 bathrooms. Average list price of homes is just under $300,000, though there is a pretty wide range depending on features and size of the home.

Currently there are 10 homes for sale in Mill Creek Falls which represents a 4 month supply of inventory. The entire Lake Wylie region now has a 6.1 month supply of inventory. This community has a very stable market with an average of 2.5 homes selling each month. To schedule a private tour of available homes in Mill Creek Falls, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: The Cottages at The Landing

If you love The Landing, but don’t quite have the means to get into one of the amazing custom homes here, The Cottages at The Landing may be just the place for you. These homes have all yard work taken care of by the Homeowners Association, so they are perfect for anyone without the time or the green thumb to care for a yard. This means they are perfect for young professionals, empty-nesters, young families or really anyone.

The Cottages at The Landing backs right up to The Landing neighborhood. This location just off Highway 49 near the intersection of Highway 274 means that residents are just 30 minutes from Rock Hill, Uptown Charlotte, Gastonia, or Charlotte-Douglas International Airport. You are also steps away from Lake Wylie and the whole lake lifestyle.

Residents also enjoy the Shoppes at The Landing with retail, restaurants, banking and more. There are also many other options within walking distance for dining, shopping, groceries, and all of your other necessities. Children in The Cottages at The Landing are zoned for award winning Clover schools. Also nearby are Daniel Stowe Botanical Garden, Kings Mountain State Park, and McDowell Nature Preserve.

Homes in The Cottages at The Landing are mostly 3 bedroom and 2 bathroom with between 1,600 to just over 2,100 square feet of living space. These cottage style homes have open floor plans, perfect for entertaining. These homes have amazing details with trey ceilings, wainscotting, mouldings, hardwood flooring, front and rear porches, and two car garages. Some of the homes have guest suites, home offices, walk-in-closets and much more.

Homes in The Cottages at The Landing don’t come on the market often and they don’t stay on the market long before they go under contract. Prices are typically in the $300,000’s and are a great value. If you would like to schedule a personal tour of homes in this or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can also view current listings on our website here.