Hey Fort Mill / Tega Cay locals! Remember when the only "sit down" restaurant in town was Fish Bones? Things are REALLY changing fast around here....
Ok, I've never been a big fan of Wal-Mart. I just don't like the way the 800 lb gorilla bully's the little mom and pop shop keeper. Well, it's kind of hard to hate the new Tega Cay store. I thought Wal-Mart coming to town wouldn't be such a good thing, but it's just so darn convenient! Not only does the facade look great, but the parking is wonderful. No more fighting for a spot at the one in Rock Hill or up in Charlotte. I can run by on the way home to pick up something and it's not a huge trip.
And now it looks like we're getting even more options to eat out - Dunkin Donuts going in beside McDonalds at 160 and Gold Hill Road (not sure if Baskin Robbins will be in with them as other locations do), Breadsmith Bakery in the strip with Town Tavern, and a wings place in front of Wal-Mart. Not to mention the Party Store, and more haircut stores and nail places than even my wife can imagine. There are many other stores going in but I haven't heard the final word on them yet! Oh, and I gotta give a plug to a client of mine who is opening up L.A. East in Stonecrest. It's "The hottest boutique clothing store this side of L.A." Be sure to check them out!
One thing is for sure. Having all these conveniences right here will allow us in Fort Mill / Tega Cay to keep our tax dollars local to SC without having to drive down to Rock Hill. More money for our schools!
Steve Schwartz is a licensed REALTOR in NC and SC specializing in Fort Mill, Tega Cay, Lake Wylie, and Charlotte and the host of over 7 Real Estate websites including his REALTOR websites, http://www.thepurpledog.com/ and http://www.last10sold.com/, and http://www.charlotteareahomefinder.com/, (for home buyers) and http://www.charlotteareahomevalue.com/, (for home sellers).
Listening to the National Media drone on about how dismal things are in residential housing is enough to make you cry, get a little sick, then cry again. And, after seeing the California Market first hand last month, it's not pretty. But, you have to remember that the National numbers are not necessarily an accurate reflection of what's going on right here in Fort Mill, Tega Cay, and Lake Wylie.
Here's the facts: The Charlotte Metropolitan Area was one of 3 major cities that actually experienced increased appreciation in 2007 by a little over 4.5%. The average price for a single family home for January, 2008 was only very slightly down from the same period in Jan 2007 ($218,610 down from $219,270) which represents less than 1 percent. The number of sales transactions is down and houses are sitting on the market a little longer, but it's no reason to pack your bags and flee for Mexico. A "slow" market is a relative term. Yes, we are slower than we were when the whole real estate market was on fire. What you have to remember is that there is also opportunity out there.
Remember, the media makes advertising dollars by keeping you glued to the TV set. Shocking headlines of gloom and doom keep you watching. Telling you everything is ok does not. We are definitely feeling the slowdown of tighter lending practices and cooler markets elsewhere. The thing to keep in mind is that our area did not experience the years of double digit appreciation that they did elsewhere. In short, we are still very affordable. Combine that with our reputation for excellent schools, lower taxes, and being a great place to live puts us on the "short list" on many people's list for re-locating.
Steve Schwartz is a licensed REALTOR in NC and SC specializing in Fort Mill, Tega Cay, Lake Wylie, and Charlotte and the host of over 7 Real Estate websites including his REALTOR websites, http://www.thepurpledog.com/ and http://www.last10sold.com/, and http://www.charlotteareahomefinder.com/, (for home buyers) and http://www.charlotteareahomevalue.com/, (for home sellers).
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