CHARLOTTE, N.C. — It's become slightly more affordable to buy a home at Lake Norman, while at Lake Wylie, it's more of a mixed bag.
Data in Lake Homes Realty's 2018 Summer Lake Real Estate Market Report puts the average price of a Lake Norman home listing at $832,059 as of June — down about 5% from the previous average of $877,025 a year ago.
Lake Norman — the state's largest lake market — came in as the fourth priciest of North Carolina's lake markets, slipping behind the much smaller communities of Falls Lake (east of Durham), Lake Toxaway (southwestern mountains) and MacGregor Downs (south of Cary), which have average home prices ranging from $1.02 million to $1.13 million. Lake Wylie ranked as the sixth-most expensive residential lake market in the Tar Heel State.
Since last summer, homes on the North Carolina side of Lake Wylie have nearly caught up in asking price to properties along Lake Norman, jumping in asking price $183,740 to an average $795,227 from $611,487 in June 2017. On the South Carolina side of the lake, though, homes are less expensive, with the average asking price listed at $542,547 — down almost $100,00 from last summer's $645,407.
Read more and see photos of the priciest home listings at lakes Norman and Wylie here.
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