Neighborhood Spotlight: Carolina Orchards

Carolina Orchards is a premier community for active adults age 55 and older. This jewel of Fort Mill, South Carolina is close to shopping, entertainment, dining, and much more. The community is packed with amenities and has thoughtfully designed homes with amazing indoor and outdoor living spaces. These amazing homes are close to everything, yet have lower South Carolina taxes.

Located close to I-77 and I-485, residents of Carolina Orchards can easily get to Uptown Charlotte or head into Rock Hill, South Carolina. Charlotte Douglas International Airport is an easy trip up I-77 and you can get to SouthPark easily as well. Closer to home, you are just up the street from Springfield Town Shopping Center, Anne Springs Close Greenway and many award-winning golf courses. Residents can also enjoy life on the water as Lake Wylie is just down the road a bit and has public boat ramps.

Built by Pulte and Lennar homes, Carolina Orchards offers many different floor plans and home styles sure to please any home buyer. The homes are available from three distinct series of homes the Passport, Expedition, and Pinnacle. These homes range from a 2 bedroom 2 bath with 1,400 square feet and a 2 car garage starting from $262,500 all the way up to a 3 bedroom 3.5 bath home with 3,455 square feet for over $600,000.

These homes are all ranch style with open floor plans and lots of natural light. Homes are maintenance free meaning that the neighborhood takes care of exterior maintenance and landscaping as part of the homeowners association.

There are 15 different villages within Carolina Orchards. Each has around 30 homes. Spread throughout the neighborhood are nature trails, ponds, lush landscaping and the amenity center. The amenity center offers leisure activities, a state-of-the-art fitness center, hobby rooms, game rooms, indoor and outdoor pools, and sports facilities. There is a yoga room, tennis, pickleball, bocce courts, outdoor pavilion, and many organized activities.

To schedule a private tour of homes in Carolina Orchards, give us a call at (704) 525-4045. You can also view current listings on our website and create custom searches here.

Check out Fort Mill’s Sutton Mill

Sutton Mill is a recent community in Fort Mill, South Carolina. Placed in the northernmost part of York County, Sutton Mill is just across the South Carolina state line. This means that Sutton Mill is positioned for a quick trip to Uptown Charlotte as well as Ballantyne, Baxter Village, Town Center, RiverGate and Carolina Premium Outlets.

Located just North of the intersection of Sutton Road and Harris Road, Sutton Mill has easy access to I-77 and is just down the road from Fort Mill High School. This means that residents are close to shopping, dining, entertainment, education, and much more.

Residents enter the neighborhood through impressive stone entry which ushers you into a true retreat. Lovely pedestrian friendly streets are bordered by natural wooded areas giving homeowners plenty of privacy. There are also sidewalks and pocket parks throughout the community.

There are 93 homes in Sutton Mill and the community was completed in 2017. This means that all of the construction is finished so the neighborhood is quiet again. Builder M/I Homes imbued these homes with soaring 9 foot ceilings on the first floor, stainless steel GE appliances, oversized kitchen islands, owner’s suites, hardie plank siding with brick or stone accents and much more. Many of the homes have hardwood flooring, granite counters, great rooms, guest suites, and home offices. In the past year, homes in Sutton Mill have sold for an average of just under $300,000.

Sutton Mill is currently zoned for award winning Fort Mill schools. Students currently attend Riverview Elementary School, Banks Trail Middle School, and Fort Mill High School. Please verify school assignments as they can change from one school year to the next.

If you would like to schedule a private tour of homes in Sutton Mill, give us a call at (704) 525-4045. You can create custom searches and view current listings on our website here.

 

June Market Statistics

Buyers are starting to feel the pinch in the Charlotte market as inventory is super low and prices are rising sky-high. Jason Gentry, the president of the Charlotte Regional Realtor Association says “Even though the Charlotte region is wedged into a solid seller’s market, incredibly low supply coupled with higher prices and rising mortgage rates are presenting challenges to buyers.”

This should be a great market for sellers, but they are afraid of not being able to find a comparable home so they are reluctant to list their homes. This is coupled with builders not being able to keep up with demand either so inventory remains low.

The monthly report numbers are out from the Charlotte Regional Realtor Association data compiled from the Carolina Multiple Listing Services. According to their report, there are just 9,554 homes on the market, down 17.2% from this time last year. This means that the Charlotte Region has only a 2.3 month supply of homes at this time. A balanced market between buyers and sellers is considered to be a 6 month supply. For comparison, in June of 2012 there were 18,700 homes on the market in the Charlotte Region, almost twice the number on the market in June of 2018.

The average sales price of homes rose 5.7% from last June to this June up to $302,177. If you look back at that same report from June of 2012, the average sales price was $227,907. That’s a jump of almost $75,000 in just 6 years, almost a 33% rise in property value.

The homes that are on the market are selling at a quicker pace than in years previous. In June of 2012, homes spent an average of 111 days on the market from listing to sale. This June, homes spent an average of only 36 days on the market. This means that buyers have to be able to act quickly to get a home right now.

If you are ready to act quickly, give us a call at (704) 525-4045. You can view current listings on our website and create custom searches here.

Neighborhood Spotlight: Bridgemill

Bridgemill is a fantastic neighborhood in Indian Land, South Carolina. Residents enjoy low South Carolina taxes and excellent schools all while living in a planned community with resort-style amenities. This convenient location is six miles from I-485 and 10 minutes from Ballantyne, but feels like a retreat.

The original section of Bridgemill started in the early 2000’s by builder John Weiland Homes. These homes were grand with large footprints, 4 sides brick construction and meticulous attention to detail. John Wieland was building in the neighborhood and has homes as recent as 2015.

There is also a new section of the neighborhood with homes by Pulte Homes. These 20 homes include 9 quick move in homes and 5 luxury homes. Homes start at $242,999 and the luxury plans can be over $645,000 depending upon upgrades. Homes range in size from 1,961 to 4,734 square feet of living space. Many of the homes include 3 car side-load garages, fully finished 3rd floors, 4 sides of brick construction, butler’s pantries, coffered ceilings, hardwood flooring, spa-like bathrooms and much more.

Neighborhood amenities for Bridgemill include a 7,000 square foot clubhouse with fitness center, recreation room, gathering room and catering kitchen. Outside you’ll find a competition size pool with lap lanes, waterslide, zero entry wading area and water play features. For additional sporting events, there are three lighted tennis courts, basketball court and sand volleyball court. A private 3.5 acre lake is part of a walking trail system and leads to a neighborhood park and playground with gazebo, fireplace, and entertaining area.

Harrisburg Elementary School, Indian Land Middle School, Indian Land High School. Please verify school assignments as they can change from one school year to the next.

There are currently 44 homes on the market in Bridgemill with many of them under contract. If you would like to schedule a private tour of homes in Bridgemill, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

May Market Statistics

The competitive Charlotte housing market is continuing for yet another month. This is according to the May report from the Charlotte Regional Realtor Association. The report is based on numbers from the Carolina Multiple Listing Services.

Limited inventory is one of the factors making the market so competitive right now. There are just 9,106 homes on the market right now, down 2,275 from last year at this time. This is a reduction of 20%. This means that buyers are competing for a dwindling supply of homes and new construction starts and new listings are not keeping pace with current demand. This lack of supply is even more pronounced in the below $350,000 range where the number of homes available has dropped more dramatically, even as much as 50% in some price ranges.

Another factor making the market a tricky place for buyers is rising prices. The average home price in the Charlotte region was up 10.7% from May of last year, up to $299,690. The median home price has risen 9.5% up to $245,000.

These higher prices combined with lack of inventory are pricing some buyers completely out of the market. The buyers that can still afford a home can face additional challenges. They may have to wait longer for homes to come on the market that match their criteria, or they may face direct competition from other buyers in multiple-offer situations especially in the lower price points.

These factors together appear to be slowing the market somewhat. There were 4.2% fewer sales this May than last May. Pending sales were up 9.7% and new listings were up 3.3% so this could be a dip for May only.

It remains to be seen how long this tight market can go on before there is a correction. For now, homes are selling faster than ever with days from list to close coming in at 87, down 10 days from last year at this time. For now, it appears that buyers need to be able to act quickly.

Amazing Lifestyle in Masons Bend

Do yourself a favor and take a trip to booming Fort Mill this week and check out Masons Bend. This thoughtfully planned community has new homes, quick move-in homes and already built homes available for you to tour. There are many different floor plans and architectural styles sure to please every size and type of family. Fort Mill is just a few miles away, and there is easy access to I-77 leading you to attractions such as Carowinds, and all the way up to Charlotte.

Masons Bend was named Community of the year in 2017 by the Homebuilders Association of Greater Charlotte, and it’s not hard to see why. The amenities include a pool, clubhouse, and childrens park. There are also many opportunities for outdoor recreation in the Catawba river which flanks the community. There are social events throughout the year geared for fit and active community members. The natural landscape is integral to the community as is evidenced in the miles of trails that link this community to some of the most scenic parts of the Catawba river.

Homes in Masons Bend have a wide range of sizes and styles. There are one story or two homes with anywhere from 2 to 4 car garages. There are three builders for the neighborhood, Saussy Burbank, The Cunnane Group Inc, and Fielding Homes. Each builder has their own character for their homes, but each has amazing attention to detail. These well crafted homes have open floor plans, fantastic kitchens, flexible spaces perfect for home offices, playrooms, home theaters and more. Prices range from the $300’s to the $800’s.

The homes are not the only draw for residents. Masons Bend is also zoned for top rated Fort Mill Schools. Current school serving the neighborhood are Riverview Elementary, Banks Trail Middle, and Fort Mill High School. Please verify school assignments as zoning is subject to change. There is also a parcel in the neighborhood plan slated for a future school.

If you are looking for a thoughtfully planned community that respects the legacy of the land while providing amazing opportunities for living and gathering, look no further than Masons Bend. If you would like to arrange a private tour, give us a call at (704) 525-4045. You can explore current listings and create custom searches on our website here.

April Market Statistics

The story is much the same for the Charlotte region this month. According to data from The Charlotte Regional Realtor Association, home prices are still on the rise and inventory is still on the decline. The report data is based on information from the Carolina Multiple Listing Services Inc.

When you compare year over year, inventory is the most striking with a decline of 22.6% from 11,008 homes for sale in April of last year to just 8,515 homes for sale this April. This means that buyers have fewer homes to choose from and prices are being driven higher by lack of supply.

Both median and average sales prices are up for the region as well. Homes sold for an average price of $292,158 last month, an increase of 8.1%. The median sales prices was $240,000, up 7.4% from the same time last year.

It appears that there are still buyers out there which means that we won’t soon see a reversal of this seller’s market. A seller’s market is generally considered to be a 4-6 month supply of homes, and in the Charlotte region we are sitting at just a 2.1 month supply of inventory. While this is great news for sellers, unless they are moving out of the region, it can be difficult to find a new home to move into.

Pending sales were up 10.7% from last year which gives hope that there are still buyers in the market. Sales of homes were also up by 1.6% from last year. Homes also sold quicker this year than last, spending just 44 days on the market on average, down 5 full days from last year.

New listings were up, though only slightly from last year, just 0.7% or 39 homes more than last year. This means that we won’t see the market begin to reverse just yet.

If you are in the market to buy or sell a home in the Charlotte area, give us a call at (704) 525-4045. We have the knowledge and expertise to help you through the entire process. You can also view current listings and create custom searches on our website here.

Custom Luxury Awaits in Longbrooke

In the Northern part of Lancaster County is a true retreat of luxury homes. Longbrooke is a gated community with large lots and custom built European inspired country homes. This is the only gated luxury community in the area and it is the ideal setting for your next home. These amazing homes have it all with lower South Carolina taxes, serene setting, yet are close to everything.

Located south of Ballantyne conveniently off 521, Longbrooke is close to shopping, dining, entertainment, and outdoor recreation. A trip to Charlotte Douglas International Airport is 25 miles away and Uptown Charlotte is 24 miles away. Quaint shops are just up the road in Indian Land, and a trip to Lake Wylie is about 15 miles. This means that Longbrooke is easily accessible, yet has a remote country setting.

Custom crafted estates in Longbrooke have many handcrafted details, from the iron gates welcoming you into the neighborhood, to the gas lanterns and fountain garden tying the community together. Lots are wooded and private with gently rolling hills.

Homes in Longbrooke have four featured custom luxury home builders. Pasko Homes, Arthur Rutenberg Homes, Harland Homes, and New Old are the featured builders. You can also bring your own builder of choice to create your custom dream home.

Homes in Longbrooke harken back to old world style, but with all of the modern conveniences. Expect elegant styling, outdoor living spaces, sumptuous interiors, and all the bells and whistles. No expense has been spared in the details of these homes. Accordingly, prices start in the $600’s and can go well over $1 million. But you get what you pay for, most homes are near or over 4,000 square feet of living space and include many flex spaces, home offices, game rooms, libraries, gourmet kitchens, pools and much more.

Children in Longbrooke currently attend Harrisburg Elementary, Indian Land Middle, and Indian Land High Schools. Please verify school assignments as zoning boundaries can change from one school year to the next.

There are still new construction opportunities in Longbrooke. If you would like to schedule a private tour of homes, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

 

March Market Statistics

It looks like the Seller’s market is going to continue for a while in the Charlotte area. According to data from the Charlotte Regional Realtor Association, the Charlotte area is down to just a 2 month supply of homes. This data is based on information provided by the Carolina Multiple Listing Services monthly report. The report was released this week and looks similar to previous months, with a few exceptions.

One of the most striking changes from previous months is the drop in sales. There was a decline of 11.2% from March of last year. This is possibly a sign that the hot market could slow down at last.

New listings were also down 4.5% year over year. The lack of new listings typically indicates that there could be more competition for existing listings which makes a seller’s position in a transaction stronger. Currently the supply of homes is at just 2 months. A balanced market between buyers and sellers is typically 6 months.

One of the things that typically happens when there is a lack of supply in the market is that prices go up. This is what has been happening in the Charlotte area. In March, median sales price was up 7.1% to $235,000. Average sales price was up 4.6% to $279,726. These higher prices are paired with rising interest rates which can price some buyers out of the market entirely.

Another side effect of rising prices and interest rates is that homeowners are staying in their homes longer. This is truly an opportunity for sellers to list their homes as they can get higher prices, but many homeowners are cautious because they worry about not finding their next home. There is a ready and willing buyer base so hopefully we will see inventory rise soon.

If you are interested in buying or selling a home in the Charlotte area, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Avery Lake

If you’re looking for a charming neighborhood with great schools in Fort Mill, SC, look no further than Avery Lake. Homes are affordable and there is great highway access making a commute a breeze. There is a small lake in the neighborhood for residents to enjoy.

Avery Lake is located just off Steel Street and Springfield Parkway walking distance from Fort Mill Middle School. A five minute drive will have you in Downtown Fort Mill with quaint shops as well as national retailers, dining, and entertainment. A commute to Uptown Charlotte should take around 25 minutes, and Charlotte Douglas International Airport is about 25 minutes away as well. There are many nearby options for outdoor recreation including the Anne Springs Close Greenway, Fort Mill Golf Club, as well as nearby Lake Wylie.

The neighborhood includes apartments, single-family homes as well as a new townhome development currently under construction by Mcor Builders. The single-family homes are typically 3 bedroom and 2 bathroom homes with 1,100 – 1,200 square feet of heated living space. These homes were built between 2000 and 2004 and have lots around a fifth of an acre.

The new townhomes have modern designs featuring 3 bedrooms and 2 bathrooms. Each home will have around 1,300 square feet of heated living space with the loft and third bedroom being upstairs, perfect for a media room or home office.

In the last year, homes in Avery Lake have sold for between $172,000 and $196,000. The townhomes are listed at $165,995, but are all currently under contract, expected to be completed in 2018.

Children in Avery Lake currently attend award winning Fort Mill Schools. These include Fort Mill Elementary School, Fort Mill Middle School, and Nation Ford High School. Please verify school information as zoning changes from time to time.

If you are looking for a home in Avery Lake, give us a call at 704-525-4045. You can also view current listings and create custom searches on our website here.