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Lake Market Report Winter 2017 Permission for Use

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Lake Market Report Winter 2017 Permission for Use Lake Market Report Winter 2017 Permission for Use Members of the news media may call (205) 236-9080 to speak with either the authors of this propri- etary report or with any of our local lake market experts in any of the nine states represented in this report. Lake Homes Realty analysts can often provide customized analyses based on this report data upon request. Requests should be made to [email protected]. Media outlets not owned or operated or directly affiliated with real estate brokerages or developments may utilize the data within this report for articles and news reports provided “Lake Homes Realty / LakeHomes.com” is cited as the source. Real estate agents, brokers, brokerages, developers/developments, builders, and property owners not affiliated with Lake Homes Realty and not represented by Lake Homes Realty agents/brokers are ex- pressly prohibited from reproduction or other use of any and/or all of this report and the compiled data within that is not already available to them via their membership in their respective MLSs or public resources. For all other permission requests and media inquiries, call Brian Cauble at (866) 525-3466. © Copyright by Lake Homes Realty, LLC. All rights reserved. No part of this publication may be repro- duced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. 2 3 About Lake Homes Realty Report Methodology Lake Homes Realty is the nation’s largest lake-focused real estate company. Lake Homes Realty is a licensed, full-service real estate brokerage and currently a member of 50 Multiple Listing Services (MLS) in 11 states, nine of which are covered in this report. As of the date of this report, the firm is licensed as a full-service real estate brokerage in 11 states and holds brokerage membership in 50 Multiple Listing Services (MLS). Lake Homes Realty is licensed in two states, Maryland and Pennsylvania, that are not included in this report and data has not yet been collected. Future market reports will include data from these Lakes Homes Realty’s unique website, www.LakeHomes.com, is the most convenient way to find, buy, states, as well as other states where the brokerage will be adding operations. and sell lake homes and land. However, unlike web-only real estate portals, Lake Homes Realty has its own licensed real estate agents, each with expertise in their unique local lake markets. This report is based on real estate property for sale based on listing data collected in January of 2017, including value (i.e., list price) and volume of listings in the nine states covered in this report. Lake Homes Realty is founded around several key ideas. First, When calculating the “Most Expensive” and “Most Affordable” rankings, any lake with fewer than we believe finding the perfect lake 10 home listings or 10 land//lot listings currently available was eliminated from the report to main- home should be easy and conve- tain consistency. Lakes with less than one total acre were not included in acreage price averages. The nient. You shouldn’t have to visit Texas state graphic includes only lakes with two or more million-dollar homes. Zip codes with four several different sites to view and or fewer listings were not included in zip code analyses. compare lake homes or land, and it should be easy to compare different All other comparisons, including website traffic, were determined using data from www.LakeHomes. lakes. com for the 12-month period ending December 31, 2016. Second, lake real estate is unique, Data is collected from each MLS on a daily basis for each home and land/lot listing available for sale. and there are times when you need Through Lake Homes Realty’s proprietary algorithms, it is determined which MLS listings are lake a guide to truly understand the lake homes and lake property. For reporting purposes, lake homes and lake land are any home or land/lot or the properties you are consider- listing adjacent to a recognized inland body of water, has a view of any of these lakes, has designated ing. An experienced lake agent will access to a lake, or is within a community that considers itself a lake-focused community or develop- help you understand the area of the ment. lake you are considering, the water depth and conditions at various The data is comprehensive for each MLS of which Lake Homes Realty is a member, however ad- properties, special rules and regu- ditional MLSs are periodically added. This can increase the total amount of data collected and can lations about docks or boating, and slightly influence comparative measurements with past and future lake market reports. so much more. New data and MLS sources are periodically added, and the lake algorithms frequently adjusted to Finally, we believe in service to our clients. We commit to answering your call, updating our clients reg- accurately include only lake property and lake-associated property. This can resulting in the periodic ularly, and responding to every question. In short, we believe that helping clients buy or sell their lake addition or removal of active listings. home is about going above and beyond. Combine the best lake-focused website covering 11 states with accurate listings, knowledgeable lake agents, and a company that delivers exceptional service, and what you have is Lake Homes Realty. To speak to a local or national Lake Homes Realty expert, call (866) 525-3466. 4 5 Lake Homes Realty Lake Market Report Winter 2017 Lake Homes Realty Lake Market Report Winter 2017 Despite typically smaller Most Listings inventories in winter, five 1. Lake Oconee, Georgia 1,269 6. Lewis Smith Lake, Alabama 864 lakes have more than 1,000 2. Lake Keowee, South Carolina 1,217 7. Lake Hartwell, South Carolina 824 total listings. 3. Lake Lanier , Georgia 1,142 8. Norris Lake, Tennessee 796 Overall Top 10s 4. Smith Mountain Lake, Virginia 1,121 9. Lake Travis, Texas 757 5. Lake Norman, North Carolina 1,044 10. Old Hickory Lake, Tennessee 744 Biggest Markets 1. Lake Norman, North Carolina $ 591,782,662 6. Smith Mountain Lake, Virginia $ 438,101,324 Most Homes Available Most Land Available 2. Lake Travis, Texas $ 523,212,923 7. Old Hickory Lake, Tennessee $ 286,547,084 1. Lake Lanier, Georgia 578 1. Lake Keowee, South Carolina 853 3. Lake Oconee, Georgia $ 506,141,005 8. Lake Lyndon B. Johnson, Texas $ 239,033,250 2. Lake Norman, North Carolina 557 2. Lake Oconee, Georgia 733 4. Lake Lanier, Georgia $ 445,710,604 9. Fort Loudoun Lake, Tennessee $ 220,949,500 3. Lake Oconee, Georgia 496 3. Smith Mountain Lake, Virginia 684 5. Lake Keowee, South Carolina $ 440,849,674 10. Jordan Lake, North Carolina $ 215,793,656 4. Old Hickory Lake, Tennessee 440 4. Lewis Smith Lake, Alabama 585 5. Smith Mountain Lake, Virginia 436 5. Norris Lake, Tennessee 562 6. Lake Keowee, South Carolina 364 6. Lake Hartwell, South Carolina 538 Biggest Home Markets Biggest Land Markets 7. Cedar Creek Lake, Texas 348 7. Lake Lanier, Georgia 521 8. Lake Hamilton, Arkansas 323 8. Lake Travis, Texas 497 1. Lake Norman, North Carolina $ 468,831,474 1. Lake Keowee, South Carolina $ 178,838,783 9. Grand Lake, Oklahoma 323 9. Watts Bar Lake, Tennessee 490 2. Lake Travis, Texas $ 351,040,394 2. Lake Travis, Texas $ 172,172,529 10. Lake Murray, South Carolina 303 10. Lake Norman, North Carolina 487 3. Lake Oconee, Georgia $ 329,183,654 3. Smith Mountain Lake, Virginia $ 162,442,147 4. Lake Lanier, Georgia $ 314,340,872 4. Lake Oconee, Georgia $ 158,588,251 5. Smith Mountain Lake, Virginia $ 274,059,177 5. Lake Norman, North Carolina $ 122,951,188 Most Expensive Land Per Acre 6. Lake Keowee, South Carolina $ 262,010,891 6. Lake Lanier, Georgia $ 109,311,582 Listings of Less Than 10 Acres Listings of 10 Acres or More 7. Old Hickory Lake, Tennessee $ 216,499,159 7. Lake Austin, Texas $ 85,607,100 1. Lake Placid, Texas $1,197,155 1. Lake Austin, Texas $1,119,403 8. Lake Lyndon B. Johnson, Texas $ 168,514,550 8. Lewis Smith Lake, Alabama $ 78,382,188 2. Clear Lake, Texas $1,127,625 2. Lake Ray Hubbard, Texas $ 237,491 9. Jordan Lake, North Carolina $ 166,036,731 9. Lake Murray, South Carolina $ 73,873,127 3. Lake Austin, Texas $1,014,853 3. Lake Benson, North Carolina $ 168,877 10. Fort Loudoun Lake, Tennessee $ 163,356,951 10. Lake Hartwell, South Carolina $ 71,466,854 4. Lake McQueeney, Texas $ 806,020 4. Meadow Lake, Texas $ 130,618 5. Lake Cameron, Alabama $ 591,528 5. Occoquan Reservoir, Virginia $ 105,960 6. Lake Lyndon B. Johnson, Texas $ 582,227 6. Smith Mountain Lake, Virginia $ 83,029 7. Lake Kiowa, Texas $ 540,618 7. Lewisville Lake, Texas $ 75,000 Texas dominates the list of Most Expensive Land Per 8. Lake Dunlap, Texas $ 536,749 8. Lake Wilson, Alabama $ 72,927 Acre, ranging from about a half-million dollars to 9. Eagle Mountain Lake, Texas $ 472,118 9. Lake Claremore, Oklahoma $ 71,874 almost $1.2 million per acre. 10. Lake Conroe, Texas $ 466,081 10. Lake Rabun, Georgia $ 65,065 Most Affordable Land Per Acre Most Expensive Homes Most Affordable Homes Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Austin, Texas $ 1,910,772 1.
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