Lake Norman real estate market remains among largest in US as listing values soar – WSOC TV
MECKLENBURG COUNTY, North Carolina – Lake Norman’s real estate market remains one of the largest in the nation, holding steady over the past year, according to Lake Homes Realty’s Fall 2022 report.
Home and land listings on the lake at Lake Norman hit a total value of nearly $914 million in mid-August, up about 1% since fall 2021. That ranked it at fourth largest lake market in the country, after Puget Sound in Washington State. , which was worth about $1.5 billion; Lake Michigan in Illinois, valued at $1.2 billion; and Lake Washington east of Seattle, valued at $1.1 billion.
The list was pulled from more than 140 MLS areas in 31 states as part of a quarterly report by Lake Homes Realty, a lake-centric real estate agency based in Alabama.
The value in Lake Norman was down from the $952.5 million total for home and land listings in the same period in 2020 and about $1 billion in the fall of 2019.
By comparison, Lake Wylie — the smaller of the two Charlotte-area lakes, spanning both North Carolina and South Carolina — held a total value of around $455 million as of mid-August, down from $554 million at this time in 2021. Lake Wylie’s home and land listings totaled approximately $447 million at this time in 2020 and $509 million in 2019.
Read on – and see photos of the most expensive listings on both lakes – here.
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