Lake Norman Ranked Biggest Lake-Front Housing Market
A recent article by Charlotte Stories has Lake Norman ranked as the biggest Lake Front Housing Market in the South East. Read the full story below.
The Lake Norman real estate market is now valued at over $840 million, making it the #1 biggest lake-front market in the South East.
The Fall 2016 Lake Market Report was conducted by the Alabama-based Lake Homes Realty Company. They collected data from 46 MLSs spanning 9 South Eastern states stretching from Texas to Virginia.
Out of all the lakes in the nine states, Lake Norman was found to have the biggest overall market, with Austin Texas’ Lake Travis coming in second at $787 million, and Atlanta’s Lake Lanier coming in third at $567 million.
One of the biggest reason the Lake Norman real estate market is so large is that it attracts a substantially high number of out-of-state and international buyers looking for a vacation homes, due to it’s temperate climate, distance to an international airport, and distance to the mountains and beaches.
The Lake Homes Report also indicated that a whopping 42% of all of North Carolina’s lakefront real estate is found on Lake Norman. Metro Charlotte’s other lake, Lake Wylie,, by comparison, only comprised about 6.7% of North Carolina’s lakefront real estate.
Fabulous Peninsula-area Spanish Mission home, featured on cover of LKN Magazine, plenty of space to entertain inside & out. Spectacular sunsets, but SW orientation shields from full sun in summer. Smart Control4 tech, Spectrum fiber to the home for cable/internet service, this home has it all. 6 Ensuite BRs, Master BR on main, 2nd level master suite w/morning kit, upstairs great rm + lower office, billiard rm, poolside lounge, theatre. Custom wine cellar w/humidor featured in QC Mag holds 750+ bottles. 4 laundry hookups, 4 car garage w/workshop/room for lift, 7 caststone FPs, ELEVATOR, expansive outside living areas, outdoor kit w/gas grill, warm drawer & wood/gas pizza oven from Italy. Mature gardens w/Italian Cypress trees, raised beds, fruit & fig trees. Fenced yard w/ pool/spa/outdoor shower, basketball 1/2 court, Lakeside firepit patio, covered ent. area + dock w/6,000lb lift. 32K natural gas generator can power entire home. Quiet CulDeSac with circular drive. Agent owned.
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