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.
Lake Norman majestic waterfront views. This home was strategically custom-built on top of a hill to captivate it all. The home will impress the pickiest buyer. Huge master suite. The gourmet kitchen features a granite island complete with a breakfast bar. Beautiful hardwood flooring throughout the main level. Tile in all bathrooms. Great room and basement family room contain fireplaces. The finished basement is designed for entertaining or would make a wonderful 2nd living area complete with a full kitchen. The outdoor living space of this home speaks Lake Norman waterfront life. A spacious covered deck on the main level captivates the lake views. Large covered and open waterfront patios on basement level offer an awesome gas fire pit and hot tub. Pier with floating boat slip. A private setting yet an awesome location. Minutes from shops and restaurants.
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Based on information submitted to the MLS GRID as of 2021-04-21 18:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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