How Lake Norman's home market is shaping up this fall

LAKE NORMAN, N.C. — Lake Norman continues to maintain a dominant foothold as the largest lake-home market in the state of North Carolina. In fact, LKN's home market, valued at $874.9 million, trailed just Lake Michigan ($1.2 billion) as the second-largest home market of the 100-plus Multiple Listing Services combed through by Alabama-based Lake Homes Realty for the fall 2019 edition of its quarterly Lake Real Estate Market Report.

[ALSO READ: $3M home in Foxcroft tops list of priciest sales in Mecklenburg County last month]

Lake Norman's total lake market, which includes both home and land listings, is pegged at $1 billion — also second-best to Lake Michigan's $1.5 billion market.

The good news is that while LKN boasts among the largest markets in Lake Homes Realty's report, it's relatively affordable. Its average list price of $632,687 is far from the most expensive market in the country — Lake Austin in Texas takes that honor, with an average list price of $2.8 million.

Read more of CBJ's look at the market and click through photos of the three priciest single-family home listings found on Lake Norman, according to Canopy MLS data, here.

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