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 study was conducted by the Alabama-based Lake Homes Realty Company. They collected data from 46 MLSs from 9 South Eastern states stretching from Texas to Virginia.
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 an impressive 42% of all of North Carolina’s lakefront real estate is found on Lake Norman. Lake Wylie - also located in the Charlotte Metro area only comprised about 6.7% of North Carolina’s lakefront real estate.
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* Excerpts taken from article published in Charlotte Stories