real estate

York County development is thriving

October 9, 2016 by lkw_df Leave a Comment

The Lake Wylie real estate market and local economy continue to thrive as the area welcomes new businesses as well as new housing developments.

York County is moving forward on the development fast track with plenty of new restaurant openings, grocery store openings and residential construction on the horizon in Lake Wylie and Fort Mill. There have been a lot of discussions between county staff and property developers with regard to what’s next.

A new single family subdivision is in the preliminary planning stages at SC 49 and Daimler Boulevard on more than 430 acres of land owned by Crescent Communities. Moreover, 5800 Charlotte Highway is a possible new site for a gas station, convenience store and used car lot.

Furthermore, Lakeside West Center will soon be home to a multi-tenant retail center at 429 Blucher Circle. A new restaurant could be joining the shopping plaza at 131 Evergreen Road, and a Captain D’s may go in at the Shoppes at the Landing. The Pleasant Road area of Fort Mill is also going to be home to a new German-based Lidl grocer.

As far as recreation is concerned, a new swim center is proposed for 3354 Highway 160 West on a seven-acre lot, and a gymnastics center is proposed for Maxwell Road off of Pleasant Road in Fort Mill on two and a half acres.

There is more than enough to keep your eye on here, and for more details and information on all of the exciting new commercial and residential developments happening in Lake Wylie, Fort Mill and the surrounding area, read the full article at Heraldonline.com.

http://www.heraldonline.com/news/local/community/lake-wylie-pilot/article105247311.html

Location, location, location: 14620 Rainbarrel Road

August 21, 2016 by lkw_df Leave a Comment

Check out this beautiful custom built Lake Wylie home on Rainbarrel Road that features gorgeous main channel water views. Not only is this a waterfront property, but the location is fantastic! It is close to wonderful dining, including plenty of waterfront restaurants, as well as great shopping from small boutiques and major retailers. The home is only a 20-minute drive from uptown, 15 minutes from the airport and five minutes from the new outlet mall, all while being perfectly situated on Lake Wylie.

This four bedroom, three bathroom home totals 2,721 square feet. Nearly every room in the home features views of the lake and there is tons of natural light throughout. There are also multiple outdoor decks for you to enjoy the view, whether it be during your morning cup of coffee or to take in the evening sunset.

The home sits on a very private almost one-acre lot and features a newly installed AC unit. Built in 2003, this new-constriction home also features a huge basement, a carport and garage, a fireplace, and a fantastic floor plan.

The marina is within walking distance from the home and features a pool and boat dock. You will not want to miss this move-in ready property currently listed at $685,000. This is a rare waterfront find you must see for yourself! For more information on this property or others like it, call 803–831–8588 or visit our website at lkwrealty.com.

New Lake Wylie projects are underway!

July 31, 2016 by lkw_df Leave a Comment

Lake Wylie just keeps growing and growing!

Several commercial projects have been in the planning stages in the charming Carolina town, and at the Shoppes at the Landing, more construction is finally getting underway.

The largest tenant by far, occupying almost 87,000 square feet, will be Morningstar Mini-Storage. With plans to open in the fall, the building will be two to three stories tall and will include interior access to storage units averaging 100 square feet. This new Morningstar Lake Wylie location may also include boat or vehicle parking that would be covered or screened.Located at 574 Nautical Drive, Morningstar is taking up a large portion of the 52 acres that make up the Shoppes at the Landing.

There are also smaller tenants, though, that are also going to be major players, including Cunningham Waters, which will be 3,500 square feet initially and then followed by another 3,200 square feet at a later phase. Heartland Dental is going to begin construction on a 5,500 square-foot office building, and Wylie Commons is approximately 9,000 square feet. Lake Wylie Pediatric Dentistry, as well as Moe’s Southwest Grill, Sports Clips and TK Nails Spa and Waxing are also moving in.

Furthermore, 9Round Fitness Lake Wylie will also be coming soon and will offer a 30-minute kickboxing classes with plans to be open by July 25, just in time for all those anticipated summer workouts.

There is also talks of a restaurant moving in to the Shoppes as well, but details have yet to be confirmed.

Stay up-to-date on all of the projects happening in Lake Wylie, including the newest construction and commercial developments, and read the full article at Heraldonline.com.

April’s market report indicates a drop in inventory and a favorable seller’s market

May 22, 2016 by lkw_df Leave a Comment

Over the past year, Charlotte as a whole, and particularly the Lake Wylie area, has seen a shift from a fairly balanced market to more of a seller’s market, as the number of homes on the market continues to dip. According to April’s monthly report released by the Carolina Regional Realtor Association, inventory is low.

Lake Wylie had 4.4 months of inventory in April, with 367 homes on the market, whereas the same month a year prior had six months of inventory and 448 homes on the market. This 18 percent drop in homes for sale and 26 percent drop in months supply are significant. With less homes on the market and an increased demand, the sales price is driving up. Last month’s average sales price was $345,297 with the median sales price locking in at $300,000. The 2015 numbers for the same month were $312,646 and $273,000, respectively, indicating approximately a ten percent increase year over year.

Last month’s number of new listings in Lake Wylie were up over 25 percent from last April’s numbers, perhaps indicating a shift in inventory.

On the contrary, as for the entire Carolina Multiple Listing Service region, there was very little change in the number of new listings from April of 2015 to April of 2016. However, there was a drastic drop in inventory (down 34.1 percent), with months supply dropping from 4.4 months to 2.9 months, and total homes on the market dropping from 14,330 to 10,513 (down 26.6 percent).

Mecklenburg County saw a similar percentage change in inventory and had only two months supply of homes for sale available in April. The market certainly seems to be favoring the sellers, but we will have to stay tuned to next month’s report to see where the numbers will lead.