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.
Waterfront Rustic Luxury Home on Lake Norman! Your very own Private Gated Entry to Almost 5 acres on Lake Norman! Almost like living on your own Island! Very Private! Flagship Home for Most respected Custom Log Home Builder ~Old Hickory Log Homes. This home has everything and every detail, Resort Style In Ground Pool w Jacuzzi, Theater room, Billiards room, 2 Full Kitchens, 2 Wet bars, In Law Suite downstairs, Outdoor Fireplace with Grill Area, 7 garage bays, expansive Main Channel views of Lake Norman from almost every room! Oversize Covered Boat Slip w/lift to accommodate larger boat + Jet ski ramps. Located in Denver which is 30 minutes north west of Uptown Charlotte. This home is Most Definitely one of a kind on Lake Norman!
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|Listing courtesy of:||Keller Williams Lake Norman|
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