lake wylie

Neighborhood Spotlight: The Cottages at The Landing

July 31, 2019 by lkw_df Leave a Comment

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.

Neighborhood Spotlight: Sunset Ridge

July 10, 2019 by lkw_df Leave a Comment

Rarely does a home in Sunset Ridge come on the market. These homes are truly remarkable and they don’t stay on the market long. They are located right along Lake Wylie Road near Highway 49 in close proximity to shopping, dining, and entertainment. Public boat ramps are just a few miles away. Children attend highly rated Clover Schools and parents pay lower South Carolina taxes.

Homes in Sunset Ridge are custom made and sit on large lots, some approaching two acres. This gives plenty of space for outdoor living including outdoor kitchens, sports courts, pools, firepits, lawn games and much more. Homes are grand in scale with most well over 3,000 square feet of living area. This means plenty of storage, great custom features, and flex spaces sure to please any family.

These homes are right around the corner from the new construction community called The Retreat at Sunset Ridge which is in close-out mode. There is currently only one new construction home left on the market.

In the last year, just two homes sold in Sunset Ridge. They had between 3 and 4 bedrooms and each had 3.5 bathrooms. Both had well over 3,000 square feet of living space and three car garages. One home sold for full list price at $565,000, the other home sold for 99% of the list price of $495,000.

If you are interested in learning more about Sunset Ridge or any other Lake Wylie community, give us a call at 803-831-8588. You can view all current listings and create custom searches on our website here.

Proposals for Extension of Light Rail

June 27, 2019 by lkw_df Leave a Comment

County leaders for York County recently met to consider proposals for extension of the Lynx light rail system in Charlotte. They heard four small area plan proposals with one potentially serving the Lake Wylie area. This could be great for bringing in commuters and reducing traffic. It could also bring a lot of day-trippers for weekend fun on the lake.

The light rail plan proposals are a way to look at the area in a different way. This means that leaders have to look at how the light rail may affect properties in the proposed path, look at supporting infrastructure, and look at opportunities for how development patterns may change. There is also a potential that the light rail could head to Rock Hill as well which could be a place to park and ride until a Lake Wylie corridor comes to fruition. The Rock Hill connection is especially likely as the Charlotte Panthers just announced that they are building a training facility there.

There are many more steps to take after the proposals are laid out. There are traffic studies, land acquisition, and much more. There will be interstate cooperation by North and South Carolina. There will be funding hurdles and bureaucratic hurdles to be cleared, but it is an exciting prospect for many people.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. To create custom searches and view all current listings, click here.

To read more about these proposals, visit the Herald Online here.

Neighborhood Spotlight: The Coves on River Oaks

June 22, 2019 by lkw_df Leave a Comment

Just two miles North of the Buster Boyd Bridge sits the beautiful neighborhood of The Coves on River Oaks. This fabulous location is home to 160 homes situated within the 250-acre planned development. There is great proximity to the lake with many homes having water views and some with water frontage. There are many options nearby for shopping, dining, and entertainment as well as public boat ramps for water access.

May Green Properties was the developer on The Coves on River Oaks, though homes were built by a variety of custom home builders. This helps each home to feel unique through design, features, building materials, and style. Lots are large, all are over one acre and many over two acres. The large lots accommodate grand homes with most homes in the 3,800-4,900 square foot range.

Homes in The Coves on River Oaks typically have between 4 and 5 bedrooms and 3.5-4.5 bathrooms. Many of these homes have home offices, media rooms, bonus rooms, flex spaces, gourmet kitchens, butlers pantries, and outdoor living spaces including many with private pools.

There are currently 4 homes for sale in The Coves on River Oaks and all are currently under contract. These homes are highly desirable and go under contract quickly. Price ranges for these listings is from $545,000 to $925,000 with the premium price going to a waterfront property. In the past year homes sold for between $515,000 and $679,000 though none was a waterfront listing.

Desirable schools are another draw to The Coves on River Oaks as current zoning is for award winning Clover Schools. Residents also enjoy lower South Carolina taxes. All this and more within commuting distance to Rock Hill, Fort Mill, Gastonia, or Uptown Charlotte.

If you are interested in learning more about The Coves on River Oaks, give us a call at 803-831-8588. You can create custom searches and view current listings on our website here.

To read more about The Coves on River Oaks, click here.

Neighborhood Spotlight: Mariners Watch Cove

June 7, 2019 by lkw_df Leave a Comment

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.

Lake Wylie Confirmed Attractive for Retirees

May 24, 2019 by lkw_df Leave a Comment

Niche, a Pittsburgh-based research and review site, just released their rankings for the top spots in the Charlotte area for retirees and those soon to reach retirement. Lake Wylie and surrounding communities rank high on the list and it’s not hard to see why. The Lake lifestyle and abundance of great homes are attractive all on their own, but Niche also measured many other factors to come up with a score for each area. Some of those included share of residents 65 or older, proximity to amenities such as restaurants, golf courses, exercise facilities, and health care. The categories were weighted with percentage of residents 65 years or older getting the most at 15%.

Belmont came in at #18 in the Charlotte area and nationally in at number 3,984. The area gets an A grade for Public Schools, Housing, Good for Families, and Jobs. B grades were earned for Cost of Living, Outdoor Activities, Crime and Safety, Nightlife, Weather, Health and Fitness, and Commute.

Lake Wylie as a whole came in at #12 in the Charlotte area and nationally in at number 2,977. Lake Wylie gets A grades for Public Schools, Housing, Good for Families and Jobs. B grades were given out for Cost of Living, Outdoor Activities, Crime and Safety, Nightlife, Diversity, Weather, and Health and Fitness. The only C given here was for Commute.

Tega Cay came in at #4 in the entire Charlotte area and 1,411 nationally. This great area received A grades for Public Schools, Housing, Good for Families, and Jobs. B grades were awarded for Cost of Living, Outdoor Activities, Crime and Safety, Nightlife, Diversity, Weather, and Health and Fitness. They did however receive a C for commute.

If you are interested in purchasing a home on or near Lake Wylie, 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 the Niche rankings, see the full story in the Charlotte Business Journal.

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.

February Market Report

March 13, 2019 by lkw_df Leave a Comment

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.