According to a recent study conducted by Alabama based Lake Homes Realty Company that took into consideration data from 46 MLS areas within nine Southeastern states from Virginia to Texas.
The Lake Norman real estate market is now valued at over $840 million, making it the #1 biggest lake-front market in the Southeast.
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.
* Excerpts taken from article published in CharlotteStories