News Summary
In December, property sales soared in York, Lancaster, and Chester Counties, with over 36 properties selling for over $1 million, totaling $130 million. Notable sales included a $45 million industrial site and a $2.4 million luxury home. With upcoming developments for new subdivisions and educational facilities, the real estate market remains vibrant and promising for future growth.
December Property Sales Blow Up in York, Lancaster, and Chester Counties
Hey there, property enthusiasts! If you thought *December* was all about holiday cheer, think again! The real estate market in York, Lancaster, and Chester counties was on fire, as over 36 properties sold for more than $1 million. Can you believe it? This wave of sales racked up a staggering total of $130 million! Let’s dive into the remarkable details.
Big Players Making Big Moves
The spotlight was on an industrial site and showroom off Fort Mill Highway in Indian Land, which topped the charts with an eye-popping price of $45 million. This expansive property covers an astonishing 500,000 square feet sitting on 37 acres. Just a year back, it sold for about $5 million less. Talk about *a property glow-up*! The former owner, Unique Loom, is eyeing some renovations as they turn an old mill building into *stylish apartments* in Fort Mill.
Building New Communities
In addition to monumental industrial sales, residential options are continuously on the rise. KB Home Palmetto, Inc. is making headlines after snatching up 79 parcels for a cool $8.3 million. This new subdivision, creatively dubbed Bellina, is set to pop up in York, making it an exciting buzz for the residents around S.C. 5 and Hunter Street.
Speaking of residential sales, December wasn’t shy about showcasing luxury homes either! In total, 14 homes sold for over a million dollars, scattering across areas like Lancaster, York, Lake Wylie, and Indian Land. The most luxurious find was a stunning 5,300-square-foot residence in Lake Wylie, which switched hands for nearly $2.4 million. It’s fair to say that the region is becoming a haven for high-end living!
Costco Gets Its Piece of the Pie
Not to be outdone, Costco has also joined the party! On December 4, they made a savvy investment purchasing 28 acres for their new wholesale store in Indian Land, shelling out $6.4 million. Discussions surrounding this project have been swirling for over two years, so shoppers can anticipate some great things ahead!
More Noteworthy Sales
Also worth mentioning is D.R. Horton, who wrapped up the year by securing 40 residential lots for their Fergus Crossing project in York for $3.3 million. And let’s talk about some delicious developments as a Chipotle restaurant in Rock Hill sold for $3 million, further diversifying the mix in the area!
Plans for Education on the Horizon
Education enthusiasts, take note! Duke Energy has made a strategic purchase of 10 acres in Lake Wylie for $1 million, right near where the Clover School District is gearing up to open a new high school. This initiative signifies not only the growth of the area but also a commitment to investing in the future of our children!
Wrapping Up
In a nutshell, the December real estate scene in York, Lancaster, and Chester is nothing short of vibrant. From *luxurious homes* to *industrial parks*, and *plans for new subdivisions and schools*, it’s clear that this area is *thriving*. Keep your eyes peeled—there’s no telling what the new year will bring in terms of property sales and developments!
Deeper Dive: News & Info About This Topic
HERE Resources
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Additional Resources
- Herald Online: December Property Sales
- Wikipedia: Real Estate
- Charlotte Ledger: Commercial Real Estate Whispers
- Google Search: Real Estate Market Trends
- New York Times: Costco’s New Store
- Google Scholar: Property Sales Analysis
- Herald Online: Local News on Property Sales
- Encyclopedia Britannica: Property Sales
- AOL: Fort Pierce Outlet Mall News
- Google News: Costco Investment
