MECKLENBURG COUNTY, N.C. — The Lake Norman real estate market remains among the largest in the nation, holding steady over the past year, according to Lake Homes Realty’s fall 2022 report.
Listings of lake homes and land at Lake Norman reached a total value of nearly $914 million as of mid-August, up about 1% since fall 2021. That ranked it the fourth-largest lake market in the nation, following Puget Sound in Washington state, which had a value of 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 culled from 140-plus MLS areas in 31 states as part of a quarterly report by Lake Homes Realty, a lake-centered real estate brokerage based in Alabama.
The value in Lake Norman was down from the $952.5 million total for home and lot listings there during the same time in 2020 and about $1 billion in fall 2019.
In comparison, Lake Wylie — the smaller of the two Charlotte-area lakes, spanning both North Carolina and South Carolina — held a total value of about $455 million as of mid-August, a drop from $554 million the same time in 2021. Lake Wylie’s home and land listings totaled about $447 million at that time in 2020 and $509 million in 2019.
Keep reading — and see photos of the most expensive listings on both lakes — here.
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