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.
A majestic tudor-style estate with picture perfect views of the lake and Trump National Golf Club Charlotte! This gorgeous 5-bedroom home will take your breath away with pristine grounds & three levels of luxurious living & entertaining space. Peaceful covered terraces, screened-in porch, outdoor kitchen, & pool with hot tub allow you to truly appreciate lake living. The thoughtful floor plan allows open & light-filled spaces with water views at every turn. Other features include 4 fireplaces, incredible chef’s kitchen, lovely master suite, spacious secondary bedrooms each with en-suite bath, 2 laundry rooms & elevator. No detail has been overlooked in this impeccably maintained home!
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|Listing courtesy of:||Trump International Realty|
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