Foreclosure in Rock Hill>Question Details

Steve, Other/Just Looking in Michigan

What is your opinion of the Rock Hill, SC area? I'm considering buying a 5 bd house in the Carnegie Estates

Asked by Steve, Michigan Mon Nov 12, 2007

subdivision in Rock Hill. What is this area like and has it been hit by the real estate downturn? If not, what are the chances that prices will drop in the next couple of years?

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Hi Steve,
I am a new Trulia VOICE, so I hope that you are still searching for some good answers. First off, let me say that I am a NATIVE of ROCK HILL,SC. I have lived here almost 40 years. This area is growing at rapid paces, just as the other two REALTORS stated, but they are not right here in the Largest City of York County, SC....I am. Rock Hill is truly a fantastic city with a southern, home town feel. It is a great place to grow up in as well as raise a family!

Specifically regarding the CARNEGIE ESTATES area, I have had the opportunity to do MANY showings of several of the homes located in CARNEGIE ESTATES. I also know of one family that owns a home in Carnegie Estates. These homes are "in my opinion" ONE OF A KIND! I have NEVER seen homes this gorgeous "on the inside" with architecture that would blow your the price that they are listed for. I would move there myself but I don't need that much space!!! Every home I have shown over in that subdivision has gotten nothing but rave reviews! I particularly am impressed by some of the homes that are located on the culdesac. The culdesac area is a little more private and not like the "cookie cutter" homes that are a rocks throw from each other that are on a few of the other roads in the subdivision. Your question regarding the prices decreasing in that area, I feel very strongly that the LIST prices are NOT going to go any lower, unless the home goes into foreclosure or short sale by the bank. However, the interest rates are very good in the area right now.

The subdivision does have an "onsite" Builder/Model home with onsite representatives. I do not know anything about them. You could research them yourself on line. Just pull up CARNEGIE ESTATES, ROCK HILL, SC on your SEARCH.

Keep in mind that this development is considered inside the city limits, so you WILL have city amenites, garbage pickup, city water, sewer and electric, but you will pay for these services as well through the City of Rock Hill. The development is very close to a brand new Middle School and a brand new High School, as well as the prestigious Rock Hill Country Club Golf Course and Community.

Lastly, this development is very family oriented. It is not uncommon to ride through the development and see kids of all ages outside in their front yards playing, listening to the radios, playing basketball in their driveways or just hanging out. So, if you like a very private, quiet, secluded area to probably will not like it there. I will be glad to tell you MORE about the Rock Hill area and help you find that 5 Bedroom home and show you ANY agencies listings. Just send me an email. You can find me at the web site referenced below.

I hope THIS is more of what type of answer you are looking for.
1 vote Thank Flag Link Sat Dec 29, 2007
As an agent serving Rock Hill, we've seen York county in the entirety weather the current mortgage troubles that had slowed down many other markets. The median house price in Rock Hill is up close to 14% when compared to October the year prior. A lot has to do with the influx of jobs in the Charlotte area and that Mecklenburg county residents are heading south for lower taxes and slower pace.

While I don't see it continuing at record paces, one thing that has helped keep the whole Charlotte market in appreciating is the large number of relocations and that our prices are significantly lower than in many markets around the country. So while its no longer feasible to move up in California, you can move up here at the same or significantly reduced price. That trend has been in effect for over a decade and I don't see that stopping, as the Carolinas have replaced Florida as the destination of choice.

Some factors that could hurt the housing market - as it could anywhere - loss of an industry, large loss of jobs, large number of foreclosures and that's not happening in York County.

Two things to watch for: your property taxes will be based on your sales price, not a general appraisal. and then its factored by your ownership type. Also, there's a chance that Lowes Motor Speedway could be relocated to Rock Hill. Hopefully we should have word on his intentions this week.
0 votes Thank Flag Link Mon Nov 12, 2007
Having lived in SC all my life, I can tell you that Rock Hill is not like any place I have ever visited in California. I have been to LA, San Diego, San Francisco, and Chatsworth. Rock Hill is located very close to Charlotte NC, so there are job opportunities there as well as shopping, night life, entertainment, etc. Rock Hill is not a small town by any means, but it is worlds away from anything I experienced in California.

The SC housing market has not taken the hit as severely as the California, Florida, Detroit, Michigan and other major areas have experienced. While our home prices have seen a slight decline, our foreclosure rate is lagging behind that of some ot the other states.

I have seen buyers turning up at Open Houses and they seem to have a renewed interest in owning a home in the past month here. I live about and 1 1/2 away from Rock Hill, but I have a brother-in-law who lives there, so we get to visit frequently.

Let me know if you need a referral to a good Realtor. We have several in the Upstate that can give you more detailed information about the neighborhood and city. Good luck in whatever you decide to do.
0 votes Thank Flag Link Mon Nov 12, 2007
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