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.
Custom Home on private waterfront lot with long spectacular views of open water! Five bedroom suites with master on main! Third floor "Romeo and Juliet" double door veranda looks onto front courtyard. An impressive winding Brazilian cherry spiral staircase accents the grand entrance to your home. 11 ft ceilings on main with multiple windows for natural light and beautiful views! Panoramic 220 degree waterviews are visually captured from your home! Exquisite granite sourced in Miami include Labrador Blue in Kitchen, Peacock slate in wine room and back-lit Onyx on the bar. Travertine floors on main level! Four gas fireplaces designed into the master bedroom, formal living room, den and lake level. Olde World wine tasting room shares a large walk in 500 bottle temperature controlled cellar! Custom crafted, grape vine ironworks frame this climate controlled cellar. 3 story glass elevator! 3rd floor has 2 offices! Lake level 2nd kitchen complete with appliances! Screened & glassed gazebo!
|Virtual Tour:||Click here|
|Listing courtesy of:||Keller Williams Lake Norman|
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