Djordjo, Other/Just Looking in Charlotte, NC

Better market: Fort Mill or Lake Norman? Which one is hotter?

Asked by Djordjo, Charlotte, NC Tue Nov 27, 2007

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I may be too late to weigh in but I would like you to know that it truly is a buyers market right now in the greater Lake Norman area. I moved here from Calif. in 2005 and absolutely love it. It really depends on your priorities and if you have to commute and where. There is nothing like life at the lake, plus there are so many incredible options for recreation, restaurants and shopping. As I said, right now Lake Norman has a very high number of listings compared to rate of sales so it may be a good option for you. I would visit both and meet with Realtors to get information about the specific price range and areas you are interested in as the sales vary tremendously by neighborhood. I have extensive sales analysis on my website/blog FYI.
0 votes Thank Flag Link Fri Mar 7, 2008
Fort Mill taxes will on average be lower than Lake Norman and the urban sprawl to the south is consistent. On the flip side, the light rail has boosted an already strong north Charlotte momentum.

For the record though, right now my investing dollars are going south (of Charlotte, that is). I like the NC/SC border area. Hope this helps and if you would like more information, please feel free to contact me liz.snide@allentate.com. Best wishes!
Liz
0 votes Thank Flag Link Sun Mar 2, 2008
Fort Mill in South Carolina is certainly a prospering market. The York County schools are great and where my own son graduated. There are different types of communities in Ft. Mill including condo, townhouse, single family, lakefront and golf course. There is also Baxter Village which is a village unto itself. http://www.villageofbaxter.com/ Lake Norman is a water lover's paradise. It is the largest man-made lake in North Carolina, and is located in the northern part of Mecklenburg County, just 18 miles northwest of Charlotte. This “Inland Sea,” has over 520 miles of beautiful shoreline that extends over four counties - Mecklenburg, Iredell, Catawba and Lincoln. I will be happy to answer any of your questions.
Web Reference: http://www.queencitygal.com
0 votes Thank Flag Link Tue Feb 19, 2008
Lake Norman Area. Quick commute to Uptown Charlotte by bus (nice and clean) or by car.

Huntersville and Cornelius have some fantastic bargains and both are nice places to live with the Lake and well run parks.

Low crime and no nonsense policing makes it VERY desirable to live here.

I moved here from Northern California via my native Devonshire, England

Best

David
Web Reference: http://www.idoseo.com
0 votes Thank Flag Link Sat Jan 19, 2008
Hi,
As a native of York County (Rock Hill), I have seen Fort Mill grow at astounding rates. I personally attempted to purchase a home in Baxter in 1997. I did not like the "closeness" of the homes, not enough privacy, etc for my taste. Therefore, I purchased NEW construction in Rock Hill, in the country on almost 2 acres of land. The re-sell value of the homes in Baxter are well over the $200-$250K mark now. I had my property appraised in April and it had increased approximately $50K in 10 years. The market in Baxter had appreciated over $100K in 10 years. Thats just my own experience as a "consumer".
As a REALTOR, I would tell you that Fort Mill would be your better option-its still close to Charlotte, BUT the property TAXES are MUCH lower in York County and SC in general than they are in NC.

If I can be of service to you when searching in Fort Mill, I would be honored to show you around the area.

Best regards,
Kimberly Gaffney buyhomesfromkim@gmail.com
0 votes Thank Flag Link Sat Dec 29, 2007
These two areas are quite different and located on opposite ends of the Charlotte market.
To give you a more complete answer I would suggest taking in to account your budget, work
location, personal interests and schools etc. To discuss these factors in person just call
704-578-2622 or email gstreich@wilkinsonandassociates.com.
0 votes Thank Flag Link Fri Dec 14, 2007
When you say better, hotter, better what? Appreciation? The Lower lake Norman area has had some of the strongest appreciation in the last 5 years- much higher than ANYWHERE SC.
The fastest growing market segment is Southwest Charlotte- down route 49 towards Lake Wylie
IF you are a numbers guy, you'll like my market reports on my blog at http://www.charlottecommunitiesonline.com/ check the categories , these are the best collection of numbers in the city... I do specific workups for clients.
Both of these markets have attractive values... the best of the past 5 years is LN, but the next five years? Hmm... the big question!
0 votes Thank Flag Link Sun Dec 9, 2007
Fort Mill. Lake Norman is overcrowded.
0 votes Thank Flag Link Fri Nov 30, 2007
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