Lake Wylie Waterfront Update

August 28, 2014

The numbers are in for the first half of 2014, and after a slow start in first quarter, we’re seeing sales move in the right direction – – UP!

 2014 wf sales 1st half

 Source: CMLS

Although waterfront home sales are behind 2013 sales for the first half of the year, we’ve been keeping pace in May-June.  The year started off slow, most likely due to the extraordinary amount of rain in 2013, and snowy weather over the winter.  Buyers tend to take their time when looking at waterfront properties, spending months or even years.  Because last summer was so rainy, we had fewer buyers entering the pipeline during that time, which has affected our current spring and summer sales.

This summer we’ve been blessed with lovely weather, which has encouraged people to get out on the lake and out for drives – – translating into stronger interest in area real estate!

There are 24 waterfront homes under contract, and the price mix is quite typical for the lake.  Most of the pending sales are in the $500k – $700k range, two are over $1mm.  You can check out the details on our website: Recent Sales – Lake Wylie Real Estate.  Waterfront home listings have climbed in recent months, now at 178 active on the market, the highest number since summer of 2010.

Waterfront lot sales are in a bit of a slump, with number of lots sold to date less than half the number for last year this time.  The majority of the lots sold to date were priced under $200,000.  However, the average lot sales price has crept up to a four year high of almost $225,000.  There are currently 190 waterfront lots on the market, also the highest number since 2010, so buyers have lots of choices.  Thus far in 2014 we’ve seen sales in neighborhoods, in “rural” locations, in various counties and municipalities on Lake Wylie.  We’ve had a couple of premium “big view” lot sales, and sales of some lots tucked in the back of coves.  There are buyers for all types – – just a bit few and far between.

For more information about the Lake Wylie waterfront market, contact the experts with The Lake Wylie Man.  With three times more sales than any other realtor in the market in recent years, you can count on The Lake Wylie Man to provide expert advice on buying and selling Lake Wylie waterfront real estate.

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