Neighborhood Spotlight: Mariners Watch Cove

If you’ve had your eye on the exclusive community of Mariners Watch Cove in York, SC, you’re not alone. This popular spot is part of the Allison Creek Peninsula on the shores of Lake Wylie and is truly stunning. With million dollar views, large lots, majestic trees, and stellar homes, you won’t believe you are just 45 minutes from Uptown Charlotte.

To get to Mariners Watch Cove, you have to enter from Hands Mill Highway/Highway 274. Once on the peninsula you feel your cares disappear as you enjoy the splendor of Lake Wylie between Big and Little Allison Creeks. Waterfront homes enjoy year round views of the Lake, while inland homes may have seasonal views.

Though it feels like a retreat, Mariners Watch Cove is only 20 minutes away from York and Clover, South Carolina. 30 minutes away you will find Rock Hill, South Carolina, and 45 minutes will get you to Charlotte Douglas International Airport. Residents are currently zoned for award winning and highly desirable Clover Schools, and also enjoy lower South Carolina taxes.

Homes in Mariners Watch Cove are luxurious and custom built. Most homes have well over 3,000 square feet and some include second living quarters, fully finished basements, guest houses, elevators, wine cellars, boat houses and much more.

It is rare to see one of these homes come on the market, in fact three homes sold in 2017, and two are currently on the market. Waterfront lots command a premium and typically sell for well over $1 million. Interior lots are fantastic as well, though they only have lake access from the public boat ramps the nearest of which is Allison Creek Public on Viesta Road. Interior homes typically sell in the $300,000’s to the $500,000’s.

To schedule a private tour of the two current listings in this amazing neighborhood, call us at 803-831-8588. To view current listings and create custom searches, click here.

Take A Closer Look: The Glades at Windswept Cove

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

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.

 

Neighborhood Spotlight: The Lakes at Derby Downs

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.

February Market Report

The monthly numbers have been published by the Carolina Regional Realtor Association. They base the report off of numbers from the Multiple Listing Services, Inc. The big story for the Charlotte region is that almost every number is down. From supply of homes to new listings, to days on market from list to close, all of these numbers are down. The numbers that are up are average and median list price.

When you look just at Lake Wylie, the numbers are a little bit different, but keep in mind that the small sample size can make the trends seem extreme. In Lake Wylie, most of the numbers are up from last year at this time. New listings are up 12% over this time last year, from 133 to 149. They are also up when you look at year-to-date, 10.6% over last year from 246 to 272.

This increase is responsible for an uptick in the supply of homes which rose from 3.5 months up to 3.6 months. A balanced market between buyers and sellers is considered to be a 4-6 month supply. This is welcome news for buyers as they have had a harder time in recent years with a rise in multiple offer situations and prices above list. If this trend continues, we could see prices slow in their rise.

Prices for homes in Lake Wylie have increased from an average of $382,147 last February to $393,761 this February. This represents a 3% increase year over year. When you look year-to-date, there has been an 8.4% rise in average sales price which could be the result of a few large sales.

Pending sales were way up year over year from 91 up to 120, a rise of 31.9%. This means that we should see strong sales for the next few months as the homes that are pending head to the closing table. As we head into spring, we should see the market speed up.

If you are looking for 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.

 

Neighborhood Spotlight: Harbor Club

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.

Gorgeous Lake Living: 5350 Blue Bird Lane

Located on a fully wooded lot facing the main channel of Lake Wylie, you’ll find Cedar Lodge. This unique home sits on possibly the best property on the Lake. There are breathtaking views from all over the property but especially from the glassed-in porch.

When you approach the property, you will see over 300 feet of road frontage. This gives plenty of privacy from neighbors making Cedar Lodge feel like a retreat. There are 1.9 acres of property included as well as the main house, adjacent bunk house and a large garage workshop.

The main home is a 1,566 square foot home with 2 bedrooms and one bathroom built in 1975. It includes the glassed-in porch which measures 26’ x 16’. This room is truly what makes this home spectacular as you can enjoy living on the water all year round from up here. This lake house is truly a classic.

Next to the main house is a second living quarters in the form of a bunk house which has one bedroom and one bathroom. This is a great place for guests, or for the kids to stay and have separate space from parents.

For the maker in your family, there is a large garage workshop that measures 24’ by 30’. This space is perfect for all of your projects, or just for storage space for a great car.

The best part of the home however, is the over 400 feet of lake frontage. This includes a pier and boat lift as well as two private sandy beaches. The views are incredible so this property is a must see.

The location of this house is great as well. Secluded and away from it all, but close enough for a commute or a trip to Uptown. A trip to Charlotte Douglas International Airport will take around 45 minutes and Uptown Charlotte takes around

5350 Blue Bird Lane is on the South Carolina side of the lake which comes with lower South Carolina Taxes. Current listing price is $685,900.

 

June’s numbers reflect a steady drop in inventory

Screen Shot 2016-07-24 at 8.05.27 PMA sellers market continues to prevail in Lake Wylie as well as in the entire Carolina MLS area.  June’s market update from the Charlotte Regional Realtor Association indicates a massive drop in the month’s supply of inventory, down 31.8 percent  from the 2015 June numbers. There was also an 8 percent  increase in the average sales price of homes, and an increase in sales price is a typical result of low inventory. Furthermore, the median sales price of homes has been steadily on the rise since 2012 and the trend is continuing.Screen Shot 2016-07-24 at 8.04.04 PM

Fort Mill’s inventory is also down from June of the previous year, however only by 13 percent. Lake Wylie’s inventory is down 29 percent, and York County’s inventory as a whole is down 28.9 percent.

Closed sales in York County, Lake Wylie, Fort Mill and the entire Carolina MLS area were down for June. However, Lake Wylie saw a lot of activity last month, with pending sales up over 52 percent from the year prior.  Fort Mill’s pending sales were up over 34 percent , and York County’s pending sales were up 32 percent. There was definitely a lot more action in June 2016 than there was in June 2015, also indicating a strong seller’s market.

With strong sales as well as a steady drop in inventory in the region, the average sales price continues to rise and sellers are seeming to have the upper hand.

June’s regional stats are fairly indicative of national real estate numbers. Inventory is low in many major markets across the country and housing prices are climbing.

Stay tuned for next month’s market update and a look at the region’s trends.

Spotlight: The Coves on River Oaks

thecoves

The beautiful Coves on River Oaks offers residents large home lots in a peaceful lakeside setting.

Developer May Green Properties planned the 250-acre neighborhood that has just 160 home sites. It is located just north of the intersection of highways 557 and 274. It’s just 2 miles north of the Buster Boyd Bridge.

Aside from the proximity to Lake Wylie and all it has to offer, the neighborhood has walking trails and lots of common area green space. Additionally, it is close to local shopping, dining and restaurants.

Veranda Classic Homes has 6 floor plans to choose from or buyers can choose their own builder for a 3,000-square-foot minimum home size. The homes are priced from the high $400,000s to the $700,000s.

A custom Craftsman-style home that sold in The Coves on River Oaks last year.

Some of the custom builders in The Coves are MJ Palmer Construction Co., Aspen Homes, Beckham Custom Homes and Holmes Construction.

The first 3 phases of the community sold out, and May Green is offering “estate” lots of 4 to 10 acres in size. Even the standard home size lots of 1.4 to 3 acres are large compared to most planned community lots. There are no waterfront lots but many water view lots.

Currently, 8 homes are for sale in The Coves on River Oaks. One home is a 2010 resale home and the rest are new construction. Three are under contract as of March 1.

Only 4 of the 9 homes sold during the last 12 months were resale homes. The average sales price was $582,478, with an average price per square foot of just under $139.

Resale homes sold for an average of 94.5% of list price. The overall sales average was 97% of list price.

Fewer than 1 home sells per month in The Coves, which puts inventory at more than 8 months. Nearby neighborhood The Landing has 9 months of inventory and 9 homes currently listed for sale.

The Coves on River Oaks is zoned for Crowders Creek Elementary, Oak Ridge Middle School and Clover High School.

York Co. proposes housing freeze

Home-Building

A new proposed ordinance would not allow any further building permits to be issued in York Co. communities where there is a concern of the impact of rapid growth, such as the Lake Wylie area.

The York County Council is moving to enforce this is in unincorporated areas of Fort Mill and Bethel townships, according to a Rock Hill Herald report.

In addition to the Lake Wylie area, the land between the Catawba River and North Carolina line would also be impacted by the proposed freeze.

Concern came from residents currently living in the high-growth areas that the areas were being overbuilt and that roadways were not meant to handle the increased traffic more building would bring.

All new construction of single-family and multi-family homes would be stopped until an impact study can be completed.

A detailed outline of the proposed ordinance is expected to be ready for a council vote April 4.

Concern over the construction boom is not a new issue for the Lake Wylie area. A little more than a year ago there were 20 subdivisions planned or under way. Those projects alone would cover 2,000 acres.

While the increased population helps the local economy, it also puts strain on public services, like roads and the school system.

York County Councilman Bruce Henderson last year called for a building moratorium and tighter restrictions on future construction. His effort failed, though the county has made an ongoing effort to change county codes.

It appears the county will revisit this issue again April 18. Population density is definitely a concern for an area and community that prides itself on living a laid-back, lakeside lifestyle.