market

Neighborhood Spotlight: York’s Clover Meadows

February 5, 2017 by lkw_df Leave a Comment

Clover Meadows, located in the charming town of Clover in York County, features quaint community living in a premier school district, with convenient access to historic attractions, antique shopping, dining, grocery, entertainment and more. The community, which showcases its own playground, is only minutes from Lake Wylie, which boasts fantastic recreation in the way of boating, sailing, skiing, swimming and picnics.

The neighborhood features new construction homes that currently range in size from approximately 1,600 square feet to over 3,600square feet. There are single-story as well as two-story floorplans available with three to five bedrooms and two bathrooms.

There are currently 12 homes on the market which represent 5.1 months of inventory, indicating a fairly balanced market here, given that a significant dip below six months of inventory would signify a seller’s market. York County overall has 4.1 months of inventory available, and therefore slightly favors the sellers. While there has been little fluctuation in the average price per square foot in Clover Meadows, there has been a steady climb in the average sales price of homes here over the last year.

Low South Carolina taxes as well as one of the most desirable school districts in the state make this a very popular neighborhood, especially for young and growing families. Furthermore, with the average list price at just over $206,000, Clover Meadows is a relatively affordable community in the Lake Wylie area. If you are looking for new construction with easy access to all that the town of Clover and Lake Wylie have to offer, you will not want to miss this fantastic neighborhood.

Neighborhood spotlight: Oaks at Clover

December 25, 2016 by lkw_df Leave a Comment

The Oaks at Clover is an upscale community in Clover, South Carolina that features beautiful homes on oversized lots, as well as a “one-of-a-kind play area nestled into the woods that backs up to the fishing pond and one of the communities preservation areas,” making it a wonderful community for families. The neighborhood is located in the heart of Clover, giving families the advantage of the Clover school district and low South Carolina taxes.

Homes in the neighborhood range from 1,600 square feet to 3,600 square feet, and feature anywhere from two to five bedrooms and two to three and a half bathrooms. These new construction homes feature many options and upgrades, including specialty lighting, trim detail, granite countertops, stainless steel appliances and so much more.

There are currently nine homes on the market here, representing 6.4 months of inventory. This means that we are looking at a very balanced market, neither favoring the buyers nor the sellers.

Even though there has been an increase in the average price per square foot over the past six months, the average sales price has remained almost unchanged over the past year. The market in this neighborhood is slightly more balanced than that of Clover or York County as a whole, which have 4.8 months and 4.2 months of inventory

respectively, indicating a slight favoring of the sellers.The Oaks at Clover community is conveniently located near great shopping, delicious dining and plenty of recreation. If you are looking for a new construction home at a great value in a fantastic location, you will not want to miss this neighborhood.

October’s market update

November 27, 2016 by lkw_df Leave a Comment

Let’s take a look at the local market update for October 2016, according to the report from the Charlotte Regional Realtor Association. The big news with last month’s numbers is the year-over-year change in the drop in inventory.

For the entire CarolinaMLS area, October 2015 had 13,742 homes on the market representing 4 months supply of inventory. This year’s October numbers show only 10,570 homes on the market representing 2.8 months of inventory. This is a 23.1% drop in the inventory of homes for sale and a 30% drop in the months supply of inventory. With inventory as low as it’s been in a while, as well as an increasing demand among buyers, home prices are on the rise.

Lake Wylie, Fort Mill and York County overall have also seen a decrease in inventory, though the drops haven’t been quite as steep as that which we saw with the overall CarolinaMLS stats, and the rise in home prices hasn’t been quite as steep or as steady in these smaller markets.

Furthermore, regarding the entire CarolinaMLS area, new listings are up 2.7% from 2015, and closed sales are up 3.4%. However, new listings in Lake Wylie are down 9.6%, but closed sales are still up 4.9%. As far as York County is concerned, the numbers here are a bit bigger, with new listings up 15.8% from 2015, and closed sales up 11.3%.

The big takeaways here are that inventory is down creating a definitive seller’s market with rising home prices, and closed sales are up showing signs of plenty of activity in an active and strong housing market across the Carolina region. Stay tuned for next month’s stats!

Neighborhood spotlight: York’s Palm Tree Cove

November 20, 2016 by lkw_df Leave a Comment

Palm Tree Cove, located in York, South Carolina, is a beautiful heavily-wooded Community that borders Lake Wylie and features charming new construction homes on lots that range in size from three quarters of an acre to a massive three acres.

The community features “casual yet sophisticated living” with easy access to nearby shopping and dining, as well as plenty of recreational options. Homes here are not only beautiful, but they are energy-efficient, as well.

There are currently seven homes on the market here representing 5.6 months of inventory. This indicates that we have a very balanced market in Palm Tree Cove, and the little fluctuation in the average price per square foot of homes indicates that this is a stable market, as well. The months of inventory in Palm Tree Cove is only slightly higher compared with that of the town of York as well as of York County, which both have 4.8 months of inventory.

With the recent dip in the average price per square foot as well as a recent increase in the average seller discount, now may be a good time for buyers to take a look at this beautiful neighborhood that not only has many fantastic community features, but also provides residents the opportunity to take advantage of lake living, lower taxes and a fantastic school district.

Check out Palm Tree Cove today!

Neighborhood spotlight: Mill Creek Falls

October 30, 2016 by lkw_df Leave a Comment

Let’s check in with Mill Creek Falls, a master-planned community that features an active homeowner’s association and plenty to do all year-round. This beautiful and well-maintained neighborhood is located in the town of Clover, so residents can take advantage of the fantastic Clover school district as well as South Carolina’s low taxes. Plus, its close proximity to Charlotte means residents have easy access to big-city perks without having to live in the middle of the hustle and bustle of the city. Furthermore, being so close to Lake Wylie means easy access to boating, fishing, water sports and more.

The neighborhood is conveniently located near Lake Wylie’s best shopping, dining, grocery stores, fitness and recreation. The community features a swimming pool, playground, walking trails, tennis courts, and a clubhouse, all perfect for families.

Mill Creek Falls has 3.1 months of inventory represented by nine homes on the market, so we have a seller’s market on our hands here. Comparatively, Lake Wylie has 5.2 months of inventory and York County has 4.8 months of inventory, which SKU towards a more balanced market.

Market stats in Mill Creek Falls show almost no fluctuation in the average price per square foot, however the average number of homes sold per month has been steadily increasing over the past year.

Homes here average between 2,000 and 4,000 square feet, with most homes that are currently on the market featuring four bedrooms. The average list price is $270,967, and most homes for sale here do not stray far from that average.
This is a fantastic community in a stable market and may be your perfect Lake Wylie neighborhood. Check it out!

Market spotlight: Belmont’s South Point Ridge

October 23, 2016 by lkw_df Leave a Comment

Let’s check in with South Point Ridge in the town of Belmont, which features spacious new construction single-family homes on beautiful lots with an average sales price of approximately $270,000. This lovely neighborhood features a community pool and playground, making it great for families. Plus, the community is located just behind South Point High School.

Residents here can take advantage of all that Belmont has to offer. It is a charming town that is small, yet thriving, and offers a fantastic quality of life. Residents can enjoy a slower pace while taking advantage of a stroll through historical shops, fantastic local dining, and plenty of downtown community festivals. Belmont is located at the northern end of a large peninsula that has Lake Wylie to the south, the Catawba River to the east, and the South Fork of the Catawba River to the west. Thus, it is surrounded by lots of natural beauty, with plenty of water, rich forests, and rolling hills. It is full of southern small-town charm, yet is within close proximity to Charlotte for all of the big-city amenities you could want.

This growing South Point Ridge neighborhood has a very steady housing market with notably little fluctuation in the number of homes sold per month, in the average sales price of homes, or in the average price per square foot, which has not strayed far from $95. This consistency indicates a very stable market, which is attractive to both buyers and sellers.

With only four homes currently on the market, there is only 3.4 months of inventory in South Point Ridge, indicating a sellers market. This is lower than the inventory in Belmont or in Gaston County as a whole, which are also sellers markets.

Belmont, North Carolina, is a wonderful town that is definitely worth exploring.

Market spotlight: Lake Wylie’s Autumn Cove

October 16, 2016 by lkw_df Leave a Comment

Autumn Cove at Lake Wylie might just have everything you have been searching for in a community. With competitively priced homes in a beautiful neighborhood and plenty of waterfront options, Autumn Cove also offers an easy commute to Charlotte, Gastonia or Rock Hill. The neighborhood features relatively new construction homes generously sized with an average price point of approximately $228,000.

Because Autumn Cove is located in the charming town of Clover in York County, residents can take advantage of South Carolina’s low taxes as well as the fantastic and desirable Clover school district, making this neighborhood great for families.

We are looking at a seller’s market in Autumn Cove, with six homes currently on the market representing 3.1 months of inventory. This is lower than the inventory in Lake Wylie and York County overall, which have 5.1 months of inventory and 5.3 months of inventory respectively.

The market here is stable with very little fluctuation in the number of homes sold per month, in the average sales price of homes, or in the average price per square foot. The average price per square foot has hovered around $94 for the past year, with an average sales price not straying far from $224,000, and approximately two homes selling per month.

Autumn Cove at Lake Wylie is a great neighborhood with plenty to offer and perhaps has everything you’ve been looking for. Plus, Clover offers a small town feel with big city conveniences and easy access to fantastic shopping, dining and entertainment.

Check it out!

Market report: Waterfront sales

October 2, 2016 by lkw_df Leave a Comment

Let’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!