The Lake Market Report a Multi-State, Lake-Focused Real Estate Market Report

The Lake Market Report A Multi-State, Lake-Focused Real Estate Market Report

Fall 2018

Produced By LakeHomes.com Lake Market Report – Fall 2018

Table of Contents

Report Methodology ...... 2 Overall Top 10s...... 3 Top-Ranked By State ...... 5 Alabama ...... 7 Arkansas ...... 11 Central Florida ...... 15 Connecticut ...... 19 Georgia ...... 21 Maine ...... 25 Maryland ...... 27 Michigan ...... 31 New York ...... 35 North Carolina ...... 39 Oklahoma ...... 43 Pennsylvania ...... 47 South Carolina ...... 51 Tennessee ...... 55 Texas ...... 59 Virginia ...... 63 Permissions For Use ...... 67 CEO’s Market Insights ...... 68

Report Methodology

LakeHomes.com is the website and public information tool of Lake Homes Realty. Lake Homes Realty is a currently a member of 90 Multiple Listing Services (MLS) in 23 states, 16 of which are covered in this report. States that are not included in this report have data that has not yet been evaluated.

This report is based on real estate property for sale based on listing data collected in September of 2018, including value (i.e., list price) and volume of listings in the 16 states covered in this report.

When calculating the “Most Expensive” and “Most Affordable” rankings, any lake with fewer than 10 home listings or 10 land/lot listings currently available was eliminated from the report to maintain consistency. Lakes with less than one total acre were not included in acreage price averages. The several state graphics include only lakes with one or more or two or more million-dollar homes. ZIP codes with four or fewer listings were not included in ZIP code analyses.

Many states share at least one large lake with another state, and to best represent their market size, the inventory for the entire lake market is included in the market size rankings. These lakes are noted throughout the report (**). Because prices in some states are inherently different than their neighboring states, combined inventory of border lakes is not used for “Most Expensive” and “Most Affordable” rankings, which are calculated using only property in the given state.

Market and Listing totals include all currently listed property, not the total of the top lakes listed.

All other comparisons, including website traffic, were determined using data from LakeHomes.com for the 12-month period ending September 1, 2018.

Data is collected from each MLS on a daily basis for each home and land/lot listing available for sale. Through proprietary algorithms of LakeHomes.com, it is determined which MLS listings are lake homes and lake property.

For reporting purposes, lake homes and lake land are any home or land/lot listing adjacent to a recognized inland body of water, has a view of any of these lakes, has designated access to a lake, or is within a community that considers itself a lake-focused community or development.

The data is comprehensive for each MLS of which the firm is a member, however additional MLS are periodically added. This can increase the total amount of data collected and can slightly influence comparative measurements with past and future lake market reports.

New data and MLS sources are periodically added, and the lake algorithms frequently adjusted to accurately include only lake property and lake-associated property. This can result in the periodic addition or removal of active listings.

Biggest Markets 1. Lake Michigan, MI $1,222,774,545 6. Smith Mountain Lake, VA $479,583,253 2. Lake Norman, NC $795,161,739 7. Lake LBJ, TX $452,327,949 3. Lake Lanier, GA $649,228,255 8. Lake Keowee, SC $398,707,534 4. Lake Travis, TX $616,223,952 9. Old Hickory Lake, TN $341,115,825 5. Lake Oconee, GA $496,272,686 10. Lake Austin, TX $303,591,596

Biggest Home Markets Biggest Land Markets 1. Lake Michigan, MI $956,928,756 1. Lake Michigan, MI $265,845,789 2. Lake Norman, NC $654,250,696 2. Smith Mountain Lake, VA $175,590,880 3. Lake Travis, TX $496,036,702 3. Lake Keowee, SC $158,111,439 4. Lake Lanier, GA $482,121,478 4. Lake Oconee, GA $147,178,270 5. Lake Oconee, GA $328,086,616 5. Lake Norman, NC $140,911,043 6. Lake LBJ, TX $321,147,883 6. Lake Lanier, GA $138,961,177 7. Smith Mountain Lake, VA $303,992,373 7. Lake Travis, TX $120,187,250 8. Old Hickory Lake, TN $272,959,659 8. Lake LBJ, TX $113,130,066 9. Jordan Lake, NC $242,717,136 9. Lake Hartwell, GA/SC** $97,934,360 10. Lake Keowee, SC $240,596,095 10. Lewis Smith Lake, AL $91,246,331

While most of the 10 largest markets are in the South, #l Lake Michigan, expands its margin over #2 Lake Norman by nearly $50 million in the Fall Report.

Most Expensive Homes Most Affordable Homes

1. Lake Austin, TX $3,318,417 1. White Birch Lake, MI $16,032 2. Lake Butler-Orange, FL $2,549,218 2. Lake Lancer, MI $63,787 3. Orchard Lake, MI $2,197,855 3. Smallwood Lake, MI $95,524 4. Lake Woodlands, TX $2,138,325 4. Pocono Country Place, PA $97,074 5. Lake Maitland, FL $1,953,687 5. Lake Lancelot, MI $106,463 6. Lake Down, FL $1,915,5886 6. Doc & Tom Lake, MI $110,788 7. Upper Long Lake, MI $1,820,091 7. Budd Lake, MI $115,100 8. Lake Nona, FL $1,794,700 8. Wixom Lake, MI $116,094 9. Walloon Lake, MI $1,776,961 9. Bankhead Lake, AL $127,251 10. Butler Chain of Lakes, FL $1,726,769 10. Indian Mountain Lakes, PA $133,672

Most Listings 1. Lake Michigan, MI 1920 6. Lake Oconee, GA 1207 2. Lake Hartwell, GA/SC** 1433 7. Lake Keowee, SC 1098 3. Lake Lanier, GA 1397 8. Lewis Smith Lake, AL 996 4. Smith Mountain Lake, VA 1252 9. Tellico Lake, TN 990 5. Lake Norman, NC 1225 10. Lake LBJ, TX 840

Most Homes Available Most Land Available 1. Lake Michigan, MI 1020 1. Lake Michigan, MI 900 2. Lake Lanier, GA 872 2. Lake Hartwell, GA/SC** 855 3. Lake Norman, NC 767 3. Lake Keowee, SC 815 4. Old Hickory Lake, TN 590 4. Smith Mountain Lake, VA 813 5. Lake Hartwell, GA/SC** 567 5. Tellico Lake, TN 737 6. Lake Oconee, GA 487 6. Lake Oconee, GA 690 7. Lake Huron, MI 454 7. Lewis Smith Lake, AL 683 8. Smith Mountain Lake, VA 439 8. Watts Bar Lake, TN 593 9. Grand Lake, OK 431 9. Lake LBJ, TX 522 10. Lake Pontchartrain, LA 394 10. Lake Lanier, GA 498

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Clear Lake, TX $1,219,169 1. Lake Austin, TX $690,039 2. Lake Butler-Orange, FL $896,363 2. Lake Conroe, TX $292,992 3. Lake Austin, TX $842,748 3. Lake Lure, NC $284,623 4. Lake Down, FL $640,500 4. Lewisville Lake, TX $252,885 5. Lake Cameron, AL $596,541 5. Lake Brownwood, TX $186,179 6. Muskegon Lake, MI $575,088 6. Muskegon Lake, MI $163,804 7. Magician Lake, MI $490,852 7. Lake Michigan-Pentwater Area, MI $121,130 8. Elk Lake, MI $486,401 8. Lake Eustis, FL $120,000 9. Lake Placid, TX $467,041 9. Lake Travis, TX $102,019 10. Lake St. Clair, MI $421,267 10. Lake Marble Falls, TX $80,000

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Mud Lake, MI $8,326 1. Lake Champlain, NY $1,720 2. Tink Wig Lake, PA $9,560 2. Torch Lake-Lake Linden, MI $2,095 3. Cordell Hull Lake, TN $9,653 3. John H. Kerr Reservoir, NC $2,445 4. Roamingwood Lake, PA $10,747 4. Lake Medora, MI $2,461 5. Sardis Lake, OK $12,323 5. Toledo Bend Reservoir, TX $2,500 6. Richard B. Russell Lake, SC $12,774 6. Great Sacandaga Lake, NY $2,706 7. Lake Barkley, TN $13,111 7. Bull Shoals Lake, AL $2,731 8. Rice Lake-Torch Lake Twp, MI $14,357 8. Lake Huron-Cheboygan Area, MI $2,901 9. Indian Mountain Lakes, PA $14,412 9. Lake Royale, NC $3,008 10. Bull Shoals Lake, AR $16,130 10. Lake Michigan-Beaver Island Area, MI $3,050

Biggest Market Alabama: Lake Martin $257,905,504 North Carolina: Lake Norman $795,161,739 Arkansas: Lake Hamilton $185,526,488 Oklahoma: Grand Lake $229,725,672 Connecticut: Candlewood Lake $113,833,950 Pennsylvania: Lake Wallenpaupack $104,354,577 Georgia: Lake Lanier $649,228,255 South Carolina: Lake Keowee $398,707,534 Maryland: Deep Creek Lake $60,623,349 Tennessee: Old Hickory Lake $341,115,825 Michigan: Lake Michigan $1,222,774,545 Texas: Lake Travis $616,223,952 New York: Lake George $263,796,316 Virginia: Smith Mountain Lake $479,583,253

Biggest Home Market Biggest Land Market Alabama: Lake Martin $211,083,157 Alabama: Lewis Smith Lake $91,246,331 Arkansas: Lake Hamilton $135,288,350 Arkansas: Beaver Lake $54,256,178 Connecticut: Candlewood Lake $107,015,650 Connecticut: Candlewood Lake $6,818,300 Georgia: Lake Lanier $482,121,478 Georgia: Lake Oconee $147,178,270 Maryland: Deep Creek Lake $49,304,600 Maryland: Deep Creek Lake $11,318,749 Michigan: Lake Michigan $956,928,756 Michigan: Lake Michigan $265,845,789 New York: Lake George $232,491,747 New York: Lake George $31,304,569 North Carolina: Lake Norman $654,250,696 North Carolina: Lake Norman $140,911,043 Oklahoma: Grand Lake $188,684,222 Oklahoma: Lake Texoma** $38,377,765 Pennsylvania: Lake Wallenpaupack $88,469,515 Pennsylvania: Lake Wallenpaupack $15,885,062 South Carolina: Lake Keowee $240,596,095 South Carolina: Lake Keowee $158,111,439 Tennessee: Old Hickory Lake $272,959,659 Tennessee: Tellico Lake $71,551,688 Texas: Lake Travis $496,036,702 Texas: Lake Travis $120,187,250 Virginia: Smith Mountain Lake $303,992,373 Virginia: Smith Mountain Lake $175,590,880

Most Expensive Homes Most Affordable Homes Alabama: Lake Martin $720,503 Alabama: Bankhead Lake $127,251 Arkansas: Lake Balboa $616,972 Arkansas: Lake Thunderbird $219,231 Connecticut: Lake Lillinoah $777,248 Connecticut: Pocotopaug Lake $297,316 Georgia: Lake Burton $1,396,488 Georgia: High Falls Lake $214,543 Maryland: Deep Creek Lake $669,133 Maryland: Lake Lariat $242,244 Michigan: Orchard Lake $2,197,855 Michigan: White Birch Lake $16,032 New York: Lake Placid $1,687,998 New York: Black Lake $150,144 North Carolina: MacGregor Downs Lake $1,272,923 North Carolina: Lake Royale $233,225 Oklahoma: Grand Lake $470,455 Oklahoma: Fort Gibson Lake $199,707 Pennsylvania: Lake Erie $545,581 Pennsylvania: Pocono Country Place $97,074 South Carolina: Lake Keowee $846,428 South Carolina: Lake Secession $219,236 Tennessee: Fort Loudoun Lake $1,102,680 Tennessee: Lake Tansi $182,082 Texas: Lake Austin $3,318,417 Texas: Callender Lake $134,289 Virginia: Fawn Lake $780,117 Virginia: Lake Holiday $287,928

Most Listings Alabama: Lewis Smith Lake 996 North Carolina: Lake Norman 1225 Arkansas: Beaver Lake 562 Oklahoma: Grand Lake 647 Connecticut: Candlewood Lake 171 Pennsylvania: Lake Wallenpaupack 434 Georgia: Lake Hartwell** 1433 South Carolina: Lake Hartwell** 1433 Maryland: Deep Creek Lake 135 Tennessee: Tellico Lake 990 Michigan: Lake Michigan 1920 Texas: Lake LBJ 840 New York: Lake George 305 Virginia: Smith Mountain Lake 1252

Most Homes Available Most Land Available Alabama: Lewis Smith Lake 309 Alabama: Lewis Smith Lake 683 Arkansas: Lake Hamilton 319 Arkansas: Beaver Lake 397 Connecticut: Candlewood Lake 151 Connecticut: Candlewood Lake 20 Georgia: Lake Lanier 872 Georgia: Lake Hartwell** 855 Maryland: Deep Creek Lake 73 Maryland: Deep Creek Lake 62 Michigan: Lake Michigan 1020 Michigan: Lake Michigan 900 New York: Lake George 216 New York: Lake George 89 North Carolina: Lake Norman 767 North Carolina: Lake Norman 458 Oklahoma: Grand Lake 431 Oklahoma: Lake Texoma** 341 Pennsylvania: Lake Wallenpaupack 248 Pennsylvania: Lake Wallenpaupack 186 South Carolina: Lake Hartwell** 567 South Carolina: Lake Hartwell** 855 Tennessee: Old Hickory Lake 590 Tennessee: Tellico Lake 737 Texas: Lake Travis 354 Texas: Lake LBJ 522 Virginia: Smith Mountain Lake 439 Virginia: Smith Mountain Lake 813

While lake markets usually experience seasonal decline in Fall, Alabama’s total lake market Alabama is up nearly 5%.

Biggest Market 1. Lake Martin $257,905,504 (15.6%) 6. Lake Tuscaloosa $76,704,332 (4.6%) 2. Lewis Smith Lake $245,809,580 (14.8%) 7. Greystone Lake II $73,140,993 (4.4%) 3. Lake Guntersville $140,843,605 (8.5%) 8. Wilson Lake $66,660,358 (4.0%) 4. Lake Wedowee $96,545,978 (5.8%) 9. Weiss Lake $52,956,998 (3.2%) 5. Logan Martin Lake $91,344,617 (5.5%) 10. Liberty Park $46,419,449 (2.8%) Total Alabama Market: $1,655,408,940

Biggest Home Market Biggest Land Market 1. Lake Martin $211,083,157 (17.5%) 1. Lewis Smith Lake $91,246,331 (20.7%) 2. Lewis Smith Lake $148,685,849 (12.3%) 2. Lake Guntersville $65,754,952 (14.9%) 3. Lake Guntersville $75,088,653 (6.2%) 3. Lake Wedowee $46,934,379 (10.7%) 4. Greystone Lake II $72,116,493 (6.0%) 4. Lake Martin $46,822,347 (10.6%) 5. Logan Martin Lake $66,281,748 (5.5%) 5. Lake Tuscaloosa $29,313,283 (6.7%) 6. Lake Wedowee $49,611,599 (4.1%) 6. Wilson Lake $26,507,359 (6.0%) 7. Lake Tuscaloosa $47,391,049 (3.9%) 7. Logan Martin Lake $25,062,869 (5.7%) 8. Liberty Park $43,584,449 (3.6%) 8. Weiss Lake $13,407,499 (3.0%) 9. Wilson Lake $40,152,999 (3.3%) 9. Neely Henry Lake $11,599,600 (2.6%) 10. Weiss Lake $39,351,499 (3.3%) 10. Lake Eufaula $10,607,980 (2.4%) Total Alabama Home Market: $1,207,564,433 Total Alabama Land Market: $440,275,107

The average price at most of Alabama’s upper-end lake markets declined from Summer, but Lake Martin’s home prices are up 8% to take the top spot for Most

Expensive Homes.

Most Expensive Homes Most Affordable Homes 1. Lake Martin $720,503 1. Bankhead Lake $127,250 2. Greystone Lake II $717,641 2. Waterford Lake - Calera $177,887 3. Liberty Park $667,308 3. Northwood Lake $231,268 4. Lake Tuscaloosa $626,731 4. Catoma Lake $239,876 5. Wilson Lake $618,426 5. Lay Lake $261,403 6. Lake Trace $529,234 6. Lake Eufaula $262,325 7. Highland Lakes $524,481 7. Weiss Lake $282,382 8. Lewis Smith Lake $501,607 8. Echo Lake $304,243 9. Shades Creek $469,248 9. Deer Ridge Lake $314,045 10. Lake Mitchell $465,440 10. Lake Cyrus $347,416

Most Listings 1. Lewis Smith Lake 996 (16.6%) 6. Weiss Lake 345 (5.8%) 2. Lake Guntersville 581 (9.7%) 7. Lake Tuscaloosa 237 (4.0%) 3. Lake Martin 484 (8.1%) 8. Lay Lake 210 (3.5%) 4. Lake Wedowee 452 (7.5%) 9. Lake Eufaula 191 (3.2%) 5. Logan Martin Lake 449 (7.5%) 10. West Point Lake** 183 (3.1%) Total Alabama Listings: 5,988

Most Homes Available Most Land Available 1. Lewis Smith Lake 309 (11.3%) 1. Lewis Smith Lake 683 (21.0%) 2. Lake Martin 299 (11.0%) 2. Lake Guntersville 399 (12.3%) 3. Logan Martin Lake 190 (7.0%) 3. Lake Wedowee 335 (10.3%) 4. Lake Guntersville 182 (6.7%) 4. Logan Martin Lake 259 (8.0%) 5. Weiss Lake 148 (5.4%) 5. Weiss Lake 196 (6.0%) 6. Lake Wedowee 117 (4.3%) 6. Lake Martin 185 (5.7%) 7. Greystone Lake II 101 (3.7%) 7. Lake Tuscaloosa 162 (5.0%) 8. Lay Lake 100 (3.7%) 8. Wilson Lake 115 (3.5%) 9. Lake Eufaula 92 (3.4%) 9. West Point Lake** 114 (3.5%) 10. Wheeler Lake 79 (2.9%) 10. Lay Lake 110 (3.4%) Total Alabama Home Listings: 2,723 Total Alabama Land Market: $3,257

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Wilson Lake $224,549 1. Wilson Lake $65,145 2. Shoal Creek $215,204 2. Lake Purdy $38,349 3. Lake Martin $168,299 3. Carrington Lake $20,000 4. Liberty Park $147,119 4. Catoma Lake $19,490 5. Wheeler Lake $136,576 5. Wheeler Lake $17,511 6. Lake Guntersville $98,337 6. Mountain Woods Lake $16,360 7. Lake Tuscaloosa $91,784 7. Lake Tuscaloosa $15,950 8. Lewis Smith Lake $85,934 8. Lake Guntersville $15,768 9. Highland Lakes $84,860 9. Neely Henry Lake $12,929 10. Lake Harding $81,058 10. Logan Martin Lake $12,820

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Boyd Lake $12,721 1. Canyon Lake $1,800 2. Woodhaven Lake $12,824 2. Pickwick Lake** $2,173 3. Bankhead Lake $17,607 3. Bankhead Lake $3,102 4. Mountain Woods Lake $18,732 4. Lay Lake $3,881 5. Emerald Lake $21,749 5. Lake Mitchell $3,946 6. Million Dollar Lakes $23,184 6. Emerald Lake $4,375 7. Jordan Lake $30,927 7. Waterford Lake - Calera $6,809 8. Lay Lake $32,057 8. Lake Eufaula $7,704 9. Lake Eufaula $32,108 9. Jordan Lake $8,715 10. Carrington Lake $37,802 10. Lake Wedowee $10,232

The Arkansas total lake market tops a half-billion dollars for the Arkansas first time in the Fall Report.

Biggest Market 1. Lake Hamilton $185,526,488 (36.4%) 6. Lake Balboa $15,974,100 (3.1%) 2. Beaver Lake $136,975,793 (26.9%) 3. Greers Ferry Lake $31,450,898 (6.2%) 4. Bull Shoals Lake $28,834,002 (5.7%) 5. Lake Norfork $26,562,193 (5.2%) Total Arkansas Market: $509,103,204

Biggest Home Market Biggest Land Market 1. Lake Hamilton $135,288,350 1. Beaver Lake $54,256,178 (38.8%) 2. Beaver Lake $82,719,615 (22.4%) 2. Lake Hamilton $50,238,138 (36.0%) 3. Greers Ferry Lake $28,866,498 (7.8%) 3. Lake Norfork $7,334,493 (5.3%) 4. Bull Shoals Lake $22,181,300 (6.0%) 4. Bull Shoals Lake $6,652,702 (4.8%) 5. Lake Norfork $19,227,700 (5.2%) 5. Table Rock Lake $3,872,242 (2.8%) 6. Lake Balboa $15,424,300 (4.2%) 6. Lake Catherine $2,889,750 (2.1%)

Total Arkansas Home Market: $369,435,337 Total Arkansas Land Market: $139,667,867

While it trails Lake Hamilton in total market size, Beaver Lake continues to hold the top spot for total listings, with twice as many

land listings as Lake Hamilton.

Average Home Price 1. Lake Balboa $616,972 2. Beaver Lake $512,692 3. Lake Hamilton $419,716 4. Lake Norfork $379,331 5. Greers Ferry Lake $354,182 6. Lake Catherine $340,090

Most Listings 1. Beaver Lake 562 (28.2%) 6. Lake Norfork 112 (5.6%) 2. Lake Hamilton 475 (23.8%) 3. Bull Shoals Lake 192 (9.6%) 4. Table Rock Lake 122 (6.1%) 5. Greers Ferry Lake 114 (5.7%) Total Arkansas Listings: 1,992

Most Homes Available Most Land Available 1. Lake Hamilton 319 (34.7%) 1. Beaver Lake 397 (37.0%) 2. Beaver Lake 165 (17.9%) 2. Lake Hamilton 156 (14.6%) 3. Bull Shoals Lake 85 (9.2%) 3. Bull Shoals Lake 107 (10.0%) 4. Greers Ferry Lake 82 (8.9%) 4. Table Rock Lake 87 (8.1%) 5. Lake Norfork 51 (5.5%) 5. Lake Norfork 61 (5.7%) 6. Table Rock Lake 35 (3.8%) 6. Lake Catherine 34 (3.2%)

Total Arkansas Home Listings: 920 Total Arkansas Land Listings: 1,072

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Hamilton $275,395 1. Kirk Lake $135,937 2. Lake Elmdale $148,453 2. Lake Hamilton $50,354 3. Diamante Country Club $76,899 3. Greers Ferry Lake $9,436 4. Greers Ferry Lake $55,316

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Gill Lake $7,916 1. Mena Lake $1,823 2. Bull Shoals Lake $16,130 2. Bull Shoals Lake $2,731 3. Lake Norfork $20,754 4. Beaver Fork Lake $21,415

The Central Florida lake market is larger than seven states in the Fall Central Florida Report.

Biggest Market 1. Lake Butler - Orange $124,756,500 (11.0%) 6. Clear Lake $33,383,750 (2.9%) 2. Lake Nona $60,609,400 (5.3%) 7. Lake Tarpon $31,856,580 (2.8%) 3. Lake Tohopekaliga $52,877,738 (4.7%) 8. Lake Burden $27,444,300 (2.4%) 4. Lake Maitland $51,719,700 (4.6%) 9. Butler Chain Of Lakes $25,122,900 (2.2%) 5. Lake Down $35,242,749 (3.1%) 10. Lake Harris $24,750,487 (2.2%) Total Florida Market: $1,135,244,432

Biggest Home Market Biggest Land Market 1. Lake Butler - Orange $106,999,600 (11.8%) 1. Lake Butler - Orange $17,756,900 (7.9%) 2. Lake Nona $57,940,400 (6.4%) 2. Lake Down $12,569,999 (5.6%) 3. Lake Maitland $42,725,700 (4.7%) 3. Lake Thonotosassa $8,785,839 (3.9%) 4. Lake Tarpon $29,210,080 (3.2%) 4. Lake Griffin $5,172,200 (2.3%) 5. Lake Burden $26,195,300 (2.9%) 5. Lake Dora $4,308,900 (1.9%) 6. Butler Chain Of Lakes $23,922,900 (2.6%) 6. Lake Harris $4,149,600 (1.8%) 7. Lake Down $22,672,750 (2.5%) 7. Lake Eustis $3,385,700 (1.5%) 8. Lake Conway $20,992,550 (2.3%) 8. Lake Beauclair $2,698,200 (1.2%) 9. Lake Harris $20,600,887 (2.3%) 9. Lake Weohyakapka $878,700 (0.4%) 10. Lake Dora $20,175,443 (2.2%) 10. Black Bear Lake $655,300 (0.3%) Total Florida Home Market: $903,729,781 Total Florida Land Market: $225,657,751

Average home prices range from just over $160K to $2.5M giving buyers a wide range of price points

for buying a lake home.

Most Expensive Homes Most Affordable Homes 1. Lake Butler - Orange $2,549,218 1. Old Lake Davenport $160,904 2. Lake Maitland $1,953,686 2. Lake Seminole $186,408 3. Lake Down $1,915,886 3. Crystal Lake - Seminole $286,157 4. Lake Nona $1,794,700 4. Little Lake Harris $292,618 5. Butler Chain Of Lakes $1,726,769 5. Lucaya Lake $300,334 6. Lake Apopka $1,322,799 6. Lake Ashton $303,496 7. Lake Burden $1,092,720 7. Lake Eustis $352,813 8. Big Sand Lake $942,704 8. Lake Griffin $389,339 9. Lake Minnehaha - Lake $870,061 9. Crooked Lake $424,440 10. Lake Beauclair $864,757 10. Buck Lake - Osceola $425,474

Most Listings 1. Lake Dora 61 (3.7%) 6. Lake Harris 43 (2.6%) 2. Lake Butler - Orange 54 (3.3%) 7. Lake Ashton 42 (2.6%) 3. Lake Tarpon 51 (3.1%) 8. Lake Griffin 39 (2.4%) 4. Lake Weohyakapka (Walk in Water) 50 (3.1%) 9. Lake Nona 37 (2.3%) 5. Lake Eustis 45 (2.7%) 10. Lake Tohopekaliga 35 (2.1%) Total Florida Listings: 1,637

Most Homes Available Most Land Available 1. Lake Tarpon 44 (3.8%) 1. Lake Weohyakapka (Walk in Water) 41 (8.5%) 2. Lake Butler - Orange 41 (3.6%) 2. Lake Norris 26 (5.4%) 3. Lake Ashton 41 (3.6%) 3. Lake Thonotosassa 24 (5.0%) 4. Lake Dora 39 (3.4%) 4. Lake Dora 22 (4.6%) 5. Lake Nona 33 (2.9%) 5. Lake Beauclair 20 (4.2%) 6. Lake Harris 30 (2.6%) 6. Lake Eustis 17 (3.5%) 7. Lake Eustis 28 (2.4%) 7. Lake Griffin 15 (3.1%) 8. Lake Tohopekaliga 27 (2.4%) 8. Lake Butler - Orange 13 (2.7%) 9. Lake Brantley 27 (2.4%) 9. Lake Harris 13 (2.7%) 10. Lake Conway 26 (2.3%) 10. Black Bear Lake 13 (2.7%) Total Florida Home Listings: 1,143 Total Florida Land Listings: 481

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Clear Lake $2,595,506 1. Scott Lake - Polk $150,698 2. Lake Maitland $1,188,427 2. Lake Eustis $120,000 3. Lake Butler - Orange $896,362 3. Lake Okahumpka $94,750 4. Lake Down $640,500 4. Lake Weir $86,788 5. Lake Apopka $514,599 5. Lake Minnehaha $74,589 6. Lake Nona $493,401 6. Horseshoe Lake - Lake $55,564 7. Lake Tarpon $376,594 7. Lake Griffin $49,946 8. Lake Winterset $374,819 8. Lake Harris $34,551 9. Lake Dora $283,441 9. Lake Pierce $32,787 10. John's Lake $252,082 10. Lake Dora $31,312

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Marion $17,136 1. Lake Harney $6,536 2. Lake Harney $18,249 2. Lake Yale $10,418 3. Lake Norris $23,162 3. Spring Lake - Seminole $12,000 4. Lake Weohyakapka (Walk in Water) $30,711 4. Little Lake Harris $12,949 5. Lake Pierce $30,780 5. John's Lake $13,308 6. Lake Pickett $36,259 6. Black Lake $16,809 7. Lake Brantley $42,304 7. Spring Lake - Charlotte $24,930 8. Lake Monroe $45,325 8. Lake Tohopekaliga $25,000 9. Buck Lake - Seminole $45,347 9. Lake Reedy $27,650 10. Little Lake Harris $52,400 10. Lake Dora $31,312

With the total Connecticut lake market approaching $400 million, Candlewood Lake retains the top Connecticut spot, with nearly 30% of the total market.

Biggest Market Most Listings 1. Candlewood Lake $113,833,950 (29.0%) Candlewood Lake 171 (24.4%) 2. Woodridge Lake - Goshen $26,713,000 (6.8%) Woodridge Lake - Goshen 54 (7.7%) 3. Lake Lillinonah $23,314,599 (5.9%) Highland Lake 40 (5.7%) 4. Lake Zoar $20,273,798 (5.2%) Lake Zoar 36 (5.1%) 5. Highland Lake $18,578,299 (4.7%) Lake Lillinonah 30 (4.3%) Total Connecticut Market: $392,039,481 Total Connecticut Listings: 701

Biggest Home Market Most Homes Available 1. Candlewood Lake $107,015,650 (29.3%) 1. Candlewood Lake 151 (25.1%) 2. Woodridge Lake - Goshen $24,629,300 (6.7%) 2. Woodridge Lake - Goshen 42 (7.0%) 3. Lake Lillinonah $22,685,699 (6.2%) 3. Highland Lake 37 (6.2%) 4. Lake Zoar $18,186,998 (5.0%) 4. Lake Zoar 31 (5.2%) 5. Highland Lake $17,947,899 (4.9%) 5. Lake Lillinonah 28 (4.7%) Total Connecticut Home Market: $365,414,184 Total Connecticut Home Listings: 601

Biggest Land Market Most Land available 1. Candlewood Lake $6,818,300 (27.1%) 1. Candlewood Lake 20 (20.8%) 2. Woodridge Lake - Goshen $2,083,700 (8.3%) 2. Woodridge Lake - Goshen 12 (12.5%) Total Connecticut Land Market: $25,152,297 Total Connecticut Land Listings: 96

Average Home Price 1. Lake Lillinonah $777,248 2. Samp Mortar Reservoir $721,840 3. Bantam Lake $710,783 4. Candlewood Lake $705,428 5. Woodridge Lake - Goshen $592,934

Average Land Price Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Zoar $312,381 1. Washinee Lake $54,923 2. Woodridge Lake - Goshen $169,268 2. Bantam Lake 3. Candlewood Lake $294,978 3. Candlewood Lake $40,919

While some of Georgia’s largest lake markets saw typical seasonal contraction since Summer, the Georgia state’s total market is up nearly 2%.

Biggest Market 1. Lake Lanier $649,228,255 (25.8%) 6. Chatuge Lake** $117,751,093 (4.7%) 2. Lake Oconee $496,272,686 (19.7%) 7. Lake Sinclair $85,365,642 (3.4%) 3. Lake Hartwell** $300,746,006 (12.0%) 8. Big Canoe $62,807,504 (2.5%) 4. Lake Burton $150,860,315 (6.0%) 9. Clarks Hill Lake** $51,942,054 (2.1%) 5. Lake Allatoona $118,282,660 (4.7%) 10. Nottely Lake $50,360,230 (2.0%) Total Georgia Market: $2,515,889,413

Biggest Home Market Biggest Land Market 1. Lake Lanier $482,121,478 (26.2%) 1. Lake Oconee $147,178,270 (24.7%) 2. Lake Oconee $328,086,616 (17.8%) 2. Lake Lanier $138,961,177 (23.3%) 3. Lake Hartwell** $200,542,096 (10.9%) 3. Lake Hartwell** $97,934,360 (16.4%) 4. Lake Burton $138,847,295 (7.5%) 4. Carters Lake $33,296,058 (5.6%) 5. Lake Allatoona $89,048,147 (4.8%) 5. Chatuge Lake** $29,975,245 (5.0%) 6. Chatuge Lake** $78,658,048 (4.3%) 6. Clarks Hill Lake** $23,324,929 (3.9%) 7. Lake Sinclair $65,657,172 (3.6%) 7. Lake Allatoona $22,045,813 (3.7%) 8. Big Canoe $55,752,224 (3.0%) 8. Nottely Lake $18,871,577 (3.2%) 9. Lake Blue Ridge $35,136,589 (1.9%) 9. Lake Sinclair $17,999,070 (3.0%) 10. Windward Lake $32,781,400 (1.8%) 10. Lake Burton $10,638,020 (1.8%) Total Georgia Home Market: $1,839,219,919 Total Georgia Land Market: $596,601,645

The average price on #1 Lake Burton has increased by nearly 10%, expanding the gap over its

neighbor, #2 Lake Rabun.

Most Expensive Homes Most Affordable Homes 1. Lake Burton $1,396,487 1. High Falls Lake $214,542 2. Lake Rabun $1,021,422 2. Norris Lake $257,261 3. Lake Blue Ridge $952,980 3. Water's Edge $271,385 4. Windward Lake $752,353 4. Lake Sinclair $286,398 5. Lake Oconee $686,151 5. Bent Tree $308,794 6. Lake Kedron $676,359 6. Lake Dow $311,130 7. Berkeley Lake $609,432 7. Clarks Hill Lake** $312,073 8. Lake Redwine $565,458 8. Jackson Lake $319,458 9. Chatuge Lake** $565,083 9. Lake Tara $329,756 10. Lake Lanier $553,819 10. Lake Arrowhead $353,640

Most Listings 1. Lake Hartwell** 1,433 (18.4%) 6. Chatuge Lake** 424 (5.4%) 2. Lake Lanier 1,397 (17.9%) 7. Lake Allatoona 311 (4.0%) 3. Lake Oconee 1,207 (15.5%) 8. Nottely Lake 267 (3.4%) 4. Clarks Hill Lake** 517 (6.6%) 9. Big Canoe 205 (2.6%) 5. Lake Sinclair 463 (5.9%) 10. West Point Lake** 183 (2.3%) Total Georgia Listings: 7,808

Most Homes Available Most Land Available 1. Lake Lanier 872 (23.9%) 1. Lake Hartwell** 855 (21.1%) 2. Lake Hartwell** 567 (15.5%) 2. Lake Oconee 690 (17.1%) 3. Lake Oconee 487 (13.4%) 3. Lake Lanier 498 (12.3%) 4. Lake Sinclair 234 (6.4%) 4. Clarks Hill Lake** 421 (10.4%) 5. Lake Allatoona 217 (6.0%) 5. Chatuge Lake** 256 (6.3%) 6. Chatuge Lake** 154 (4.2%) 6. Lake Sinclair 224 (5.5%) 7. Big Canoe 119 (3.3%) 7. Nottely Lake 206 (5.1%) 8. Lake Burton 100 (2.7%) 8. Bent Tree 116 (2.9%) 9. Clarks Hill Lake** 96 (2.6%) 9. West Point Lake** 114 (2.8%) 10. Jackson Lake 91 (2.5%) 10. Big Canoe 86 (2.1%) Total Georgia Home Listings: 3,647 Total Georgia Land Listings: 4,045

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Blue Ridge $268,560 1. Lake Harding $34,999 2. Lake Lanier $152,910 2. Lake Lanier $25,914 3. Lake Oconee $152,274 3. Nottely Lake $20,273 4. Chatuge Lake** $93,793 4. Lake Allatoona $19,676 5. Lake Spivey $91,351 5. Lake Hartwell** $18,313 6. Lake Hartwell** $88,767 6. Lake Burton $12,984 7. Lake Tobesofkee $82,866 7. Bent Tree $12,421 8. Lake Tara $81,153 8. Lake Oconee $9,994 9. Lake Burton $79,360 9. Chatuge Lake** $9,229 10. Lake Allatoona $77,522 10. West Point Lake** $8,841

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Piedmont Lake $16,627 1. Richard B. Russell Lake** $3,780 2. Richard B. Russell Lake** $20,178 2. Lake Sinclair $5,079 3. Bent Tree $25,352 3. Piedmont Lake $5,697 4. Carters Lake $25,657 4. Lake Blue Ridge $5,924 5. Norris Lake $30,279 5. Carters Lake $6,722 6. Lake Varner $31,331 6. Clarks Hill Lake** $7,323 7. Clarks Hill Lake** $35,661 7. Jackson Lake $8,431 8. West Point Lake** $40,767 8. West Point Lake** $8,841 9. Lake Laceola $41,436 9. Chatuge Lake** $9,229 10. Lake Sinclair $46,765 10. Lake Oconee $9,994

Maine makes its first appearance in the Lake Market Report at just Maine over a $400M lake market.

Biggest Market 1. Sebago Lake $65,690,245 (15.5%) 6. Great Pond $20,711,900 (4.9%) 2. Long Lake $38,973,999 (9.2%) 7. Kezar Lake $16,142,900 (3.8%) 3. Damariscotta Lake $38,298,500 (9.0%) 8. Mooselookmeguntic $14,928,699 (3.5%) Lake 4. Rangeley Lake $35,521,500 (8.4%) 9. Mousam Lake $14,228,200 (3.4%) 5. Moosehead Lake $34,158,700 (8.1%) 10. Cobbosseecontee $12,702,900 (3.0%) Lake Total Maine Market: $423,251,161

Biggest Home Market Biggest Land Market 1. Sebago Lake $57,541,421 (16.2%) 1. Moosehead Lake $10,313,700 (15.1%) 2. Long Lake $33,997,199 (9.6%) 2. Sebago Lake $8,148,824 (12.0%) 3. Damariscotta Lake $30,471,700 (8.6%) 3. Damariscotta Lake $7,826,800 (11.5%) 4. Rangeley Lake $28,409,400 (8.0%) 4. Rangeley Lake $7,112,100 (10.4%) 5. Moosehead Lake $23,845,000 (6.7%) 5. Long Lake $4,976,800 (7.3%) 6. Great Pond $18,766,000 (5.3%) 6. Pleasant Lake - Washington $3,416,490 (5.0%) 7. Kezar Lake $14,710,000 (4.1%) 7. Graham Lake $3,329,090 (4.9%) 8. Mousam Lake $14,050,700 (4.0%) 8. Gardner Lake $1,108,400 (1.6%) 9. Mooselookmeguntic Lake $13,369,300 (3.8%) 9. Crystal Lake $894,100 (1.3%) 10. Cobbosseecontee Lake $11,412,100 (3.2%) 10. Lower Togus Pond $474,200 (0.7%) Total Maine Home Market: $355,161,670 Total Maine Land Market: $68,089,491

With only fives lakes averaging over $500K for a lake home, Maine's lake home market is fairly accessible.

Most Expensive Homes Most Affordable Homes 1. Long Lake $850,954 1. Cross Lake $148,290 2. Kezar Lake $639,565 2. Portage Lake $173,731 3. Damariscotta Lake $608,234 3. Graham Lake $198,273 4. Mooselookmeguntic Lake $578,469 4. Long Lake - Madawaska $204,525 5. Sebago Lake $568,860 5. Sebasticook Lake $223,905 6. Cobbosseecontee Lake $496,178 6. Eagle Lake $242,923 7. Great Pond $481,179 7. Maranacook Lake $262,054 8. Mousam Lake $440,196 8. Sebec Lake $263,084 9. Rangeley Lake $404,469 9. Pleasant Lake - Washington $298,570 10. Thompson Lake $398,476 10. China Lake $336,152 © Copyright by LakeHomes.com 25 Lake Market Report – Fall 2018

Most Listings 1. Sebago Lake 140 (10.2%) 6. Great Pond 48 (3.5%) 2. Moosehead Lake 137 (10.0%) 7. Graham Lake 43 (3.1%) 3. Rangeley Lake 129 (9.4%) 8. Long Lake - Madawaska 36 (2.6%) 4. Damariscotta Lake 96 (7.0%) 9. Pleasant Lake - Washington 35 (2.6%) 5. Long Lake 76 (5.5%) 10. Mousam Lake 34 (2.5%) Total Maine Listings: 1,370

Most Homes Available Most Land Available 1. Sebago Lake 106 (12.1%) 1. Moosehead Lake 69 (13.9%) 2. Rangeley Lake 71 (8.1%) 2. Rangeley Lake 58 (11.7%) 3. Moosehead Lake 68 (7.8%) 3. Damariscotta Lake 46 (9.3%) 4. Damariscotta Lake 50 (5.7%) 4. Long Lake 36 (7.3%) 5. Long Lake 40 (4.6%) 5. Sebago Lake 34 (6.9%) 6. Great Pond 39 (4.5%) 6. Graham Lake 22 (4.4%) 7. Mousam Lake 32 (3.7%) 7. Crystal Lake 20 (4.0%) 8. Long Lake - Madawaska 29 (3.3%) 8. Pleasant Lake - Washington 18 (3.6%) 9. Sebec Lake 26 (3.0%) 9. Gardner Lake 18 (3.6%) 10. Kezar Lake 23 (2.6%) 10. Lower Togus Pond 11 (2.2%) Total Maine Home Listings: 874 Total Maine Land Listings: 496

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Sebago Lake $109,792 1. Kezar Lake $17,431 2. Maranacook Lake $65,823 2. Damariscotta Lake $12,889 3. Thompson Lake $62,724 3. Leonard Lake $12,041 4. Kezar Lake $62,291 4. Annabessacook Lake $11,259 5. Long Lake $61,081 5. Green Lake $10,309 6. Long Lake - Madawaska $60,594 6. Pleasant Lake - Cumberland $9,937 7. Sabbathday Lake $58,028 7. Great Pond $8,918 8. Cobbosseecontee Lake $56,514 8. Pleasant Lake - Washington $8,004 9. Sebec Lake $56,386 9. Smith Pond $6,000 10. Rangeley Lake $55,967 10. Sebec Lake $5,729

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Mousam Lake $7,158 1. Portage Lake $477 2. Gardner Lake $9,813 2. Bog Pond $786 3. Graham Lake $10,673 3. Eagle Lake $790 4. Swan Lake $12,204 4. Lake Hebron $900 5. Lower Togus Pond $14,692 5. Thompson Lake $1,735 6. Crystal Lake $15,958 6. Little Sebago Lake $1,829 7. Sebasticook Lake $19,991 7. Wyman Lake $2,282 8. Orange Lake $20,963 8. Swan Lake $2,568 9. Pleasant Lake - Washington $22,423 9. Pleasant Lake - Penobscot $2,650 10. Lake St George $23,775 10. Orange Lake $2,679

Deep Creek Lake continues to hold the top spot on all the Maryland lists, with nearly 2/3 of Maryland the total lake market.

Biggest Market Most Listings 1. Deep Creek Lake $60,623,349 (65.5%) 1. Deep Creek Lake 135 (59.0%) 2. Lake Linganore $19,519,099 (21.1%) 2. Lake Lingano 52 (22.7%) 3. Lake Lariat $5,914,474 (6.4%) 3. Lake Lariat 28 (12.2%) Total Maryland Market: $92,510,722 Total Maryland Listings: 229

Biggest Home Market Most Homes Available 1. Deep Creek Lake $49,304,600 1. Deep Creek Lake 73 (52.1%) 2. Lake Linganore $17,905,199 (22.6%) 2. Lake Linganore 35 (25.0%) 3. Lake Lariat $5,809,974 (7.3%) 3. Lake Lariat 24 (17.1%) Total Maryland Home Market: $79,304,573 Total Maryland Home Listings: 140

Biggest Land Market Most Land available 1. Deep Creek Lake $11,318,749 (85.7%) 1. Deep Creek Lake 62 (69.7%) 2. Lake Linganore $1,613,900 (12.2%) 2. Lake Linganore 17 (19.1%) Total Maryland Land Market: $13,206,149 Total Maryland Land Listings: 89

Average Home Price 1. Deep Creek Lake $669,133 2. Lake Linganore $511,844 3. Lake Lariat $242,244

Average Land Price Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Deep Creek Lake $144,792 1. Deep Creek Lake $8,116

The Michigan lake market tops $3 billion for the first time this Fall, with Lake Michigan accounting Michigan for more than 1/3 of the total.

Biggest Market 1. Lake Michigan $1,222,774,545 (38.6%) 6. Arbutus Lake $51,246,400 (1.6%) 2. Lake Huron $156,806,119 (4.9%) 7. Torch Lake $45,052,500 (1.4%) 3. Lake Superior $120,900,404 (3.8%) 8. Walloon Lake $40,572,950 (1.3%) 4. Lake Charlevoix $92,363,475 (2.9%) 9. Lake Leelanau $31,871,400 (1.0%) 5. Lake St Clair $57,984,779 (1.8%) 10. Long Lake $31,285,044 (1.0%) Total Michigan Market: $3,168,445,668

Biggest Home Market Biggest Land Market 1. Lake Michigan $956,928,756 (38.3%) 1. Lake Michigan $265,845,789 (39.8%) 2. Lake Huron $130,178,275 (5.2%) 2. Lake Superior $46,126,365 (6.9%) 3. Lake Charlevoix $80,980,876 (3.2%) 3. Arbutus Lake $35,672,900 (5.3%) 4. Lake Superior $74,774,039 (3.0%) 4. Lake Huron $26,627,844 (4.0%) 5. Lake St Clair $48,203,679 (1.9%) 5. Lake Leelanau $12,576,600 (1.9%) 6. Torch Lake $36,655,150 (1.5%) 6. Lake Charlevoix $11,382,599 (1.7%) 7. Walloon Lake $32,000,300 (1.3%) 7. Lake St Clair $9,781,100 (1.5%) 8. Deer Lake - Independence Twp $29,333,063 (1.2%) 8. Portage Lake - Houghton $9,512,600 (1.4%) 9. Long Lake $27,108,499 (1.1%) 9. Walloon Lake $8,572,650 (1.3%) 10. Spring Lake $26,334,800 (1.1%) 10. Torch Lake $8,397,350 (1.3%) Total Michigan Home Market: $2,499,967,512 Total Michigan Land Market: $668,418,256

Half the 540 lake homes priced above $1 million are on Lake Michigan, with four Lake Michigan ZIP codes among the

Top 10 Most Expensive.

Most Expensive Homes Most Affordable Homes 1. Orchard Lake $2,197,854 1. White Birch Lake $16,031 2. Upper Long Lake $1,820,090 2. Lake Lancer $63,786 3. Walloon Lake $1,776,961 3. Smallwood Lake $95,523 4. Upper Straits Lake $1,335,752 4. Lake Lancelot $105,684 5. Lake Michigan - Glen Arbor Area $1,272,473 5. Doc & Tom Lake $110,788 6. Spring Lake $1,253,800 6. Budd Lake $115,100 7. Lake Michigan - Petoskey Area $1,173,463 7. Wixom Lake $116,093 8. Lake Michigan - South Haven Area $1,151,259 8. Lake Huron - Bay City Area $154,332 9. Glen Lake $1,138,766 9. South Manastique Lake $162,252 10. Lake Macatawa $1,110,482 10. Lake Huron - Port Austin Area $167,368

Most Listings 1. Lake Michigan 1,920 (24.7%) 6. Lake Lancer 116 (1.5%) 2. Lake Huron 776 (10.0%) 7. Canadian Lakes 96 (1.2%) 3. Lake Superior 421 (5.4%) 8. Crooked Lake 94 (1.2%) 4. Houghton Lake 160 (2.1%) 9. Lake St Clair 92 (1.2%) 5. Lake Charlevoix 141 (1.8%) 10. Torch Lake 83 (1.1%) Total Michigan Listings: 7,788

Most Homes Available Most Land Available 1. Lake Michigan 1,020 (22.8%) 1. Lake Michigan 900 (27.2%) 2. Lake Huron 454 (10.1%) 2. Lake Huron 322 (9.7%) 3. Lake Superior 174 (3.9%) 3. Lake Superior 247 (7.5%) 4. Houghton Lake 129 (2.9%) 4. Canadian Lakes 71 (2.1%) 5. Lake Lancer 116 (2.6%) 5. Lake Charlevoix 65 (2.0%) 6. Lake Charlevoix 76 (1.7%) 6. Lake Esther 60 (1.8%) 7. Lake St Clair 74 (1.7%) 7. Crooked Lake 53 (1.6%) 8. Secord Lake 59 (1.3%) 8. Torch Lake 40 (1.2%) 9. Deer Lake - Independence Twp 55 (1.2%) 9. Portage Lake - Houghton 37 (1.1%) 10. Long Lake 50 (1.1%) 10. Grand Lake 35 (1.1%) Total Michigan Home Listings: 4,481 Total Michigan Land Listings: 3,306

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Turtle Lake $778,899 1. Turtle Lake $846,407 2. Glen Lake $657,801 2. Muskegon Lake $163,804 3. Elk Lake $486,400 3. Lake Michigan - Pentwater Area $121,129 4. Gun Lake $476,470 4. Willow Lake - Oxford Twp $108,536 5. Lake St Clair $421,268 5. Lake Michigan - Ludington Area $75,549 6. Lake Orion $399,308 6. Lake Michigan - South Haven Area $63,659 7. Lake Michigan - New Buffalo Area $322,137 7. Crystal Lake $63,500 8. Upper Straits Lake $309,887 8. Lake Michigan - Glen Arbor Area $62,419 9. Walnut Lake $309,257 9. Wau-Me-Gah Lake $56,943 10. Lake Michigan - Holland Area $296,173 10. Big Lake $54,187

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. East Lake - McMillan $2,707 1. Deer Lake - Boyne $1,595 2. Mud Lake $8,325 2. Manistee Lake $1,616 3. Milakokia Lake $8,648 3. Lake Huron - Thunder Bay Area $1,786 4. Sister Lake $10,417 4. Silver Lake - Rumley $1,985 5. Rice Lake - Torch Lake Twp $14,357 5. Lost Lake $2,087 6. Stanley Lake $16,844 6. Torch Lake - Lake Linden $2,095 7. Iron Lake $18,436 7. Lake Medora $2,460 8. Lost Lake $18,615 8. Miner Lake $2,637 9. Tamarack Lake $19,053 9. Houghton Lake $2,751 10. Manistique Lake $21,378 10. Lake Huron - Cheboygan Area $2,901

From Summer to Fall, New York’s total lake market is up more than New York 10%.

Biggest Market 1. Lake George $263,796,316 (22.1%) 6. Cayuga Lake $50,463,158 (4.2%) 2. Lake Placid $81,969,895 (6.9%) 7. Lake Champlain $50,055,985 (4.2%) 3. Lake Ontario $74,259,286 (6.2%) 8. Keuka Lake $47,821,540 (4.0%) 4. Skaneateles Lake $55,401,089 (4.6%) 9. Chautauqua Lake $46,867,992 (3.9%) 5. Canandaigua Lake $53,579,699 (4.5%) 10. Saratoga Lake $34,761,049 (2.9%) Total New York Market: $1,191,960,153

Biggest Home Market Biggest Land Market 1. Lake George $232,491,747 (22.2%) 1. Lake George $31,304,569 (21.6%) 2. Lake Placid $75,959,895 (7.3%) 2. Lake Ontario $11,025,595 (7.6%) 3. Lake Ontario $63,233,691 (6.0%) 3. Lake Champlain $9,959,998 (6.9%) 4. Skaneateles Lake $51,969,989 (5.0%) 4. Cayuga Lake $9,779,860 (6.7%) 5. Canandaigua Lake $51,354,799 (4.9%) 5. Keuka Lake $8,118,543 (5.6%) 6. Chautauqua Lake $45,924,192 (4.4%) 6. Seneca Lake $6,783,900 (4.7%) 7. Cayuga Lake $40,683,298 (3.9%) 7. Oneida Lake $4,170,000 (2.9%) 8. Lake Champlain $40,095,987 (3.8%) 8. Lake Erie - Chautauqua Area $3,778,800 (2.6%) 9. Keuka Lake $39,702,997 (3.8%) 9. Great Sacandaga Lake $3,261,627 (2.3%) 10. Saratoga Lake $29,882,600 (2.9%) 10. Schroon Lake $2,350,400 (1.6%) Total New York Home Market: $1,047,011,277 Total New York Land Market: $144,948,876

#1 Lake George continues to hold more than 20% of the market, while #2 Lake Placid claims the

Most Expensive Homes top spot.

Most Expensive Homes Most Affordable Homes 1. Lake Placid $1,687,997 1. Black Lake $150,144 2. Saratoga Lake $1,271,639 2. Waneta Lake $166,884 3. Skaneateles Lake $1,186,862 3. Honeoye Lake $217,307 4. Tupper Lake $1,178,461 4. Rushford Lake $230,950 5. Lake George $1,096,122 5. Delaware River $233,181 6. Otsego Lake $938,745 6. Silver Lake $266,086 7. Fourth Lake $917,418 7. Oneida Lake $292,094 8. Upper Saranac Lake $799,744 8. Canadarago Lake $321,569 9. Long Lake $672,492 9. Lake Ontario $331,786 10. Canandaigua Lake $602,255 10. Conesus Lake $357,338

Most Listings 1. Lake George 305 (12.6%) 6. Chautauqua Lake 105 (4.4%) 2. Lake Ontario 257 (10.7%) 7. Seneca Lake 103 (4.3%) 3. Lake Champlain 160 (6.6%) 8. Keuka Lake 98 (4.1%) 4. Cayuga Lake 123 (5.1%) 9. Oneida Lake 83 (3.4%) 5. Canandaigua Lake 108 (4.5%) 10. Great Sacandaga Lake 73 (3.0%) Total New York Listings: 2,412

Most Homes Available Most Land Available 1. Lake George 216 (12.5%) 1. Lake George 89 (12.9%) 2. Lake Ontario 189 (11.0%) 2. Lake Ontario 68 (9.9%) 3. Chautauqua Lake 97 (5.6%) 3. Lake Champlain 66 (9.6%) 4. Lake Champlain 94 (5.5%) 4. Cayuga Lake 46 (6.7%) 5. Canandaigua Lake 85 (4.9%) 5. Seneca Lake 43 (6.2%) 6. Cayuga Lake 77 (4.5%) 6. Great Sacandaga Lake 30 (4.3%) 7. Keuka Lake 70 (4.1%) 7. Keuka Lake 28 (4.1%) 8. Oneida Lake 61 (3.5%) 8. Canandaigua Lake 23 (3.3%) 9. Seneca Lake 60 (3.5%) 9. Oneida Lake 22 (3.2%) 10. Lake Placid 45 (2.6%) 10. Loon Lake - Chestertown 18 (2.6%) Total New York Home Listings: 1,722 Total New York Land Listings: 690

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake George $190,433 1. Lake Placid $172,671 2. Lake Erie - Buffalo Area $173,160 2. Saratoga Lake $96,760 3. Oneida Lake $170,183 3. Cassadaga Lake $48,331 4. Saratoga Lake $110,990 4. Upper Saranac Lake $37,629 5. Keuka Lake $85,489 5. Oseetah Lake $22,500 6. Lake Champlain $84,589 6. Tupper Lake $22,116 7. Tupper Lake $81,923 7. Otisco Lake $21,127 8. Oseetah Lake $81,676 8. Big Moose Lake $17,610 9. Cayuga Lake $81,647 9. Seneca Lake $16,019 10. Brant Lake $79,162 10. Trout Lake - Bolton $15,000

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Moraine $4,901 1. Paradox Lake $1,431 2. Caroga Lake $5,069 2. Onderdonk Lake $1,465 3. Waneta Lake $5,423 3. Lake Champlain $1,719 4. Lake Of The Woods $14,829 4. Tripp Lake $1,891 5. Kinderhook Lake $16,567 5. Caroga Lake $2,173 6. Seneca Lake $26,792 6. Lamoka Lake $2,416 7. Canadarago Lake $29,670 7. Burden Lake $2,651 8. Fourth Lake $32,338 8. Great Sacandaga Lake $2,706 9. Great Sacandaga Lake $34,136 9. Cazenovia Lake $2,722 10. Loon Lake - Chestertown $3 9,469 10. Delaware River $2,905

While lake markets usually experience seasonal decline from North Carolina Summer to Fall, North Carolina’s total lake market is up nearly 4%.

Biggest Market 1. Lake Norman $795,161,739 (28.3%) 6. Lake Lure $98,769,203 (3.5%) 2. Jordan Lake $288,852,792 (10.3%) 7. Falls Lake $90,067,920 (3.2%) 3. Lake Wylie** $278,609,844 (9.9%) 8. Badin Lake $84,498,969 (3.0%) 4. Lake Gaston** $161,771,553 (5.7%) 9. High Rock Lake $82,353,053 (2.9%) 5. Chatuge Lake** $117,751,093 (4.2%) 10. Lake Toxaway $78,108,300 (2.8%) Total North Carolina Market: $2,814,256,651

Biggest Home Market Biggest Land Market 1. Lake Norman $654,250,696 (29.6%) 1. Lake Norman $140,911,043 (24.0%) 2. Jordan Lake $242,717,136 (11.0%) 2. Lake Gaston** $56,051,588 (9.6%) 3. Lake Wylie** $233,552,397 (10.6%) 3. Jordan Lake $46,135,656 (7.9%) 4. Lake Gaston** $105,719,965 (4.8%) 4. Lake Wylie** $45,057,447 (7.7%) 5. Falls Lake $86,750,120 (3.9%) 5. Lake Lure $33,865,349 (5.8%) 6. Chatuge Lake** $78,658,048 (3.6%) 6. High Rock Lake $30,743,779 (5.2%) 7. Lake Lure $64,903,854 (2.9%) 7. Chatuge Lake** $29,975,245 (5.1%) 8. Lake Toxaway $62,948,000 (2.9%) 8. Lake James $22,881,948 (3.9%) 9. Badin Lake $62,913,799 (2.8%) 9. Lake Hickory $22,330,817 (3.8%) 10. Lake Tillery $51,584,700 (2.3%) 10. Badin Lake $21,525,170 (3.7%) Total North Carolina Home Market :$2,208,222,159 Total North Carolina Land Market: $586,921,257

Five different lakes in North Carolina have a ZIP code with an

average price above $1 million.

Most Affordable Most Expensive Homes Homes 1. MacGregor Downs Lake $1,272,922 1. Lake Royale $233,224 2. Falls Lake $1,184,182 2. Lake Mackintosh $250,137 3. Lake Toxaway $1,053,172 3. Oak Hollow Lake $273,513 4. Lake Norman $849,256 4. Lake Junaluska $329,954 5. Lake James $824,053 5. Roanoke Rapids Lake $330,505 6. Beaver Lake $785,246 6. Lake Mayo $331,233 7. Lake Wylie** $767,028 7. Ticoa Lake $385,622 8. Lake Lure $704,221 8. High Rock Lake $389,661 9. Enka Lake $674,710 9. Lake Tiroga $389,850 10. Buffalo Lake $652,809 10. Atagahi Lake $398,304

Most Listings 1. Lake Norman 1,225 (17.1%) 6. Chatuge Lake** 424 (5.9%) 2. Lake Gaston** 723 (10.1%) 7. Badin Lake 279 (3.9%) 3. Jordan Lake 556 (7.8%) 8. Lake Hickory 275 (3.8%) 4. Lake Wylie** 552 (7.7%) 9. Lake Tillery 223 (3.1%) 5. High Rock Lake 473 (6.6%) 10. Lake Lure 190 (2.7%) Total North Carolina Listings: 7,165

Most Homes Available Most Land Available 1. Lake Norman 767 (21.3%) 1. Lake Norman 458 (13.0%) 2. Jordan Lake 373 (10.4%) 2. Lake Gaston** 448 (12.7%) 3. Lake Wylie** 338 (9.4%) 3. High Rock Lake 333 (9.4%) 4. Lake Gaston** 275 (7.6%) 4. Chatuge Lake** 256 (7.2%) 5. Chatuge Lake** 154 (4.3%) 5. Lake Wylie** 214 (6.1%) 6. Badin Lake 134 (3.7%) 6. Lake Hickory 193 (5.5%) 7. High Rock Lake 132 (3.7%) 7. Jordan Lake 183 (5.2%) 8. Lake Tillery 110 (3.1%) 8. Lake Rhodhiss 148 (4.2%) 9. Lake Jeanette 108 (3.0%) 9. Badin Lake 144 (4.1%) 10. Lake Lure 93 (2.6%) 10. Lake Royale 130 (3.7%) Total North Carolina Home Listings: 3,595 Total North Carolina Land Listings: 3,536

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Enka Lake $358,064 1. Lake Lure $284,622 2. Lake Norman $244,434 2. Lake Benson $99,609 3. Lake Toxaway $167,809 3. Lake Davidson $91,017 4. Bear Creek Lake $167,447 4. Oak Hollow Lake $74,358 5. Lake Tillery $160,531 5. Nantahala Lake $72,200 6. Lake Wheeler $145,329 6. Lake Tillery $46,387 7. Lake Jeanette $142,185 7. Belews Lake $36,300 8. Eagle Lake $117,467 8. Lake Norman $35,391 9. Lake Lure $113,908 9. Lake Wylie** $35,157 10. Badin Lake $107,797 10. Jordan Lake $29,978

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Blewett Falls Lake $16,991 1. John H Kerr Reservoir** $2,445 2. Lake Michie $17,401 2. Lake Royale $3,008 3. Lake Mackintosh $21,099 3. Waterville Lake $3,315 4. Apalachia Lake $22,538 4. Lake Mayo $3,574 5. Hickory Nut Upper Lake $24,594 5. Hyco Lake $3,977 6. Cedar Cliff Lake $28,266 6. Roanoke Rapids Lake $5,132 7. Lake Adger $29,730 7. High Rock Lake $7,095 8. Hickory Nut Lower Lake $32,550 8. Eagle Lake $10,836 9. Lake Mayo $34,281 9. Chatuge Lake** $11,420 10. Roanoke Rapids Lake $35,059 10. Falls Lake $12,694

While some of Oklahoma’s largest lake markets saw typical seasonal contraction from Summer to Fall, Oklahoma the state’s total market now tops $600 million for the first time.

Biggest Market 1. Grand Lake $229,725,672 (37.8%) 6. Lake Hudson $27,546,577 (4.5%) 2. Lake Eufaula $106,211,669 (17.5%) 7. Tenkiller Lake $21,500,149 (3.5%) 3. Lake Texoma** $90,229,215 (14.8%) 8. Fort Gibson Lake $21,134,164 (3.5%) 4. Skiatook Lake $38,072,422 (6.3%) 9. Oologah Lake $18,986,921 (3.1%) 5. Keystone Lake $30,436,871 (5.0%) 10. Lake Claremore $10,812,600 (1.8%) Total Oklahoma Market: $607,983,725

Biggest Home Market Biggest Land Market 1. Grand Lake $188,684,222 (43.3%) 1. Lake Texoma** $38,377,765 (26.4%) 2. Lake Eufaula $82,332,619 (18.9%) 2. Grand Lake $37,264,550 (25.6%) 3. Lake Texoma** $47,990,950 (11.0%) 3. Lake Eufaula $18,774,150 (12.9%) 4. Skiatook Lake $20,878,973 (4.8%) 4. Skiatook Lake $15,594,599 (10.7%) 5. Lake Hudson $17,023,750 (3.9%) 5. Keystone Lake $13,354,297 (9.2%) 6. Tenkiller Lake $16,309,750 (3.7%) 6. Lake Hudson $5,362,937 (3.7%) 7. Keystone Lake $14,927,674 (3.4%) 7. Oologah Lake $5,312,924 (3.7%) 8. Fort Gibson Lake $14,535,794 (3.3%) 8. Fort Gibson Lake $4,421,370 (3.0%) 9. Oologah Lake $13,103,097 (3.0%) 9. Tenkiller Lake $4,325,399 (3.0%) 10. Lake Claremore $10,014,800 (2.3%) 10. Lake Claremore $725,900 (0.5%) Total Oklahoma Home Market: $436,223,128 Total Oklahoma Land Market: $145,388,367

Three-fourths of the lake homes priced above $1 million are on Grand Lake, with seven ZIP codes there among the state’s Top 10

Most Expensive.

Average Home Price 1. Grand Lake $470,455 2. Lake Eufaula $300,880 3. Lake Texoma** $299,068 4. Lake Claremore $292,263 5. Skiatook Lake $290,751 6. Oologah Lake $289,389 7. Tenkiller Lake $286,478 8. Lake Hudson $284,050 9. Keystone Lake $238,699 10. Copan Lake $236,885

Most Listings 1. Grand Lake 647 (23.4%) 6. Lake Hudson 149 (5.4%) 2. Lake Eufaula 604 (21.8%) 7. Keystone Lake 141 (5.1%) 3. Lake Texoma** 496 (17.9%) 8. Fort Gibson Lake 137 (4.9%) 4. Skiatook Lake 205 (7.4%) 9. Oologah Lake 93 (3.4%) 5. Tenkiller Lake 161 (5.8%) 10. Lake Claremore 49 (1.8%) Total Oklahoma Listings: 2,769

Most Homes Available Most Land Available 1. Grand Lake 431 (31.2%) 1. Lake Texoma** 341 (26.0%) 2. Lake Eufaula 317 (23.0%) 2. Lake Eufaula 272 (20.7%) 3. Lake Texoma** 143 (10.4%) 3. Grand Lake 211 (16.1%) 4. Fort Gibson Lake 81 (5.9%) 4. Skiatook Lake 124 (9.4%) 5. Skiatook Lake 76 (5.5%) 5. Tenkiller Lake 96 (7.3%) 6. Keystone Lake 67 (4.9%) 6. Lake Hudson 72 (5.5%) 7. Lake Hudson 67 (4.9%) 7. Keystone Lake 68 (5.2%) 8. Tenkiller Lake 62 (4.5%) 8. Fort Gibson Lake 45 (3.4%) 9. Oologah Lake 51 (3.7%) 9. Oologah Lake 39 (3.0%) 10. Lake Claremore 33 (2.4%) 10. Lake Claremore 15 (1.1%) Total Oklahoma Home Listings: 1,381 Total Oklahoma Land Listings: 1,313

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Grand Lake $90,373 1. Grand Lake $11,247 2. Lake Eufaula $63,625 2. Lake Claremore $7,156 3. Skiatook Lake $54,834 3. Skiatook Lake $7,091 4. Lake Texoma** $52,274 4. Copan Lake $7,087 5. Lake Hudson $50,694 5. Fort Gibson Lake $4,737 6. Lake Claremore $28,545 6. Keystone Lake $4,375 7. Tenkiller Lake $25,702 7. Birch Lake $4,295 8. Keystone Lake $22,832 8. Lake Texoma** $4,075 9. Oologah Lake $21,811 9. Lake Eufaula $3,900 10. Fort Gibson Lake $17,316 10. Lake Hudson $3,868

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Birch Lake $7,855 1. Oologah Lake $3,064 2. Sardis Lake $12,322 2. Tenkiller Lake $3,129 3. Fort Gibson Lake $17,316 3. Spavinow Lake $3,250 4. Oologah Lake $21,811 4. Lake Hudson $3,868 5. Keystone Lake $22,832 5. Lake Eufaula $3,900 6. Tenkiller Lake $25,702 6. Lake Texoma** $4,075 7. Lake Claremore $28,545 7. Birch Lake $4,295 8. Lake Hudson $50,694 8. Keystone Lake $4,375 9. Lake Texoma** $52,274 9. Fort Gibson Lake $4,737 10. Skiatook Lake $54,834 10. Copan Lake $7,087

The statewide market bucks expectations of a Fall inventory Pennsylvania decline from Summer, particularly Lake Naomi, up more than 40%.

Biggest Market 1. Lake Wallenpaupack $104,354,577 (23.8%) 6. Westcolang Lake $14,899,946 (3.4%) 2. Lake Naomi $36,841,347 (8.4%) 7. Pocono Country Place $13,623,043 (3.1%) 3. Lake Erie $30,507,892 (7.0%) 8. Towamensing Trails $13,594,707 (3.1%) 4. Lake Harmony - Split Rock $25,269,716 (5.8%) 9. Roamingwood Lake $13,166,142 (3.0%) 5. Arrowhead Lakes $17,302,402 (3.9%) 10. Big Bass Lake $11,019,444 (2.5%) Total Pennsylvania Market: $438,183,494

Biggest Home Market Biggest Land Market 1. Lake Wallenpaupack $88,469,515 (22.4%) 1. Lake Wallenpaupack $15,885,062 (37.4%) 2. Lake Naomi $34,020,949 (8.6%) 2. Lake Harmony - Split Rock $3,914,594 (9.2%) 3. Lake Erie $28,915,792 (7.3%) 3. Lake Naomi $2,820,398 (6.6%) 4. Lake Harmony - Split Rock $21,355,122 (5.4%) 4. Beltzville Lake $1,765,400 (4.2%) 5. Arrowhead Lakes $16,341,519 (4.1%) 5. Greenwood Acres $1,535,000 (3.6%) 6. Westcolang Lake $14,288,598 (3.6%) 6. Arrowhead Lakes $960,883 (2.3%) 7. Pocono Country Place $13,279,194 (3.4%) 7. Towamensing Trails $919,957 (2.2%) 8. Roamingwood Lake $13,067,598 (3.3%) 8. Locust Lake $805,000 (1.9%) 9. Towamensing Trails $12,674,750 (3.2%) 9. Woodledge Lake $736,690 (1.7%) 10. Big Bass Lake $10,382,444 (2.6%) 10. Big Bass Lake $637,000 (1.5%) Total Pennsylvania Home Market: $395,747,023 Total Pennsylvania Land Market: $42,436,471

The Lake Wallenpaupack market continues to dominate Pennsylvania, partly because of its inventory’s breadth of price points, with an ample supply of homes

from $250K to $1 million.

Most Expensive Homes Most Affordable Homes 1. Lake Erie $545,580 1. Pocono Country Place $97,074 2. Delaware River $452,720 2. Indian Mountain Lakes $133,672 3. Conneaut Lake $428,600 3. Winona Lakes $139,960 4. Hemlock Lake $413,483 4. Lake of the Pines $145,627 5. Lake Harmony - Split Rock $387,318 5. Arrowhead Lakes $147,382 6. Lake Meade $365,418 6. Stillwater Lake $155,234 7. Lake Wallenpaupack $361,512 7. Brier Crest Woods $157,061 8. Beltzville Lake $353,139 8. Locust Lake $158,377 9. Lake Naomi $323,984 9. Big Bass Lake $163,986 10. Big Boulder Lake $243,345 10. Gold Key Lake $173,305

Most Listings 1. Lake Wallenpaupack 434 (17.5%) 6. Indian Mountain Lakes 120 (4.8%) 2. Arrowhead Lakes 164 (6.6%) 7. Locust Lake 93 (3.7%) 3. Pocono Country Place 155 (6.2%) 8. Roamingwood Lake 91 (3.7%) 4. Lake Naomi 136 (5.5%) 9. Big Bass Lake 90 (3.6%) 5. Towamensing Trails 134 (5.4%) 10. Westcolang Lake 84 (3.4%) Total Pennsylvania Listings: 2,482

Most Homes Available Most Land Available 1. Lake Wallenpaupack 248 (15.2%) 1. Lake Wallenpaupack 186 (21.9%) 2. Pocono Country Place 138 (8.5%) 2. Towamensing Trails 72 (8.5%) 3. Arrowhead Lakes 110 (6.7%) 3. Arrowhead Lakes 54 (6.3%) 4. Lake Naomi 108 (6.6%) 4. Indian Mountain Lakes 46 (5.4%) 5. Indian Mountain Lakes 74 (4.5%) 5. Tink Wig Lake 34 (4.0%) 6. Roamingwood Lake 73 (4.5%) 6. Woodledge Lake 31 (3.6%) 7. Locust Lake 63 (3.9%) 7. Locust Lake 30 (3.5%) 8. Towamensing Trails 62 (3.8%) 8. Lake Naomi 28 (3.3%) 9. Big Bass Lake 62 (3.8%) 9. Fawn Lake 28 (3.3%) 10. Westcolang Lake 59 (3.6%) 10. Big Bass Lake 28 (3.3%) Total Pennsylvania Home Listings: 1,631 Total Pennsylvania Land Listings: 851

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Harmony - Split Rock $225,481 1. Beltzville Lake $28,957 2. Lake Naomi $187,526 2. Lake Wallenpaupack $25,253 3. Greenwood Acres $109,486 3. Lake Harmony - Split Rock $21,649 4. Lake Erie $67,114 4. Lake Como $8,506 5. Locust Lake $57,328 5. Winona Lakes $7,686 6. Lake Wallenpaupack $49,416 6. Pymatuning Lake $6,182 7. Paupackan Lake $34,411 8. Arrowhead Lakes $34,024 9. Emerald Lakes $33,026 10. Big Bass Lake $32,773

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Tink Wig Lake $9,559 1. Arrowhead Lakes $3,541 2. Roamingwood Lake $10,746 2. Pymatuning Lake $6,182 3. Indian Mountain Lakes $14,412 3. Winona Lakes $7,686 4. Brier Crest Woods $17,868 4. Lake Como $8,506 5. Fawn Lake $18,207 5. Lake Harmony - Split Rock $21,649 6. Conashaugh Lake $18,878 6. Lake Wallenpaupack $25,253 7. Lake in the Clouds $19,922 8. Duck Harbor Pond $21,008 9. Delaware River $21,866 10. Towamensing Trails $23,015

The state market holds its value from Summer at $1.6 billion, South Carolina though some of the largest lakes experienced typical seasonal decline.

Biggest Market 1. Lake Keowee $398,707,534 (24.8%) 6. Lake Greenwood $58,441,963 (3.6%) 2. Lake Hartwell** $300,746,006 (18.7%) 7. Thurmond Lake** $51,942,054 (3.2%) 3. Lake Wylie** $278,609,844 (17.3%) 8. Lake Wateree $42,356,907 (2.6%) 4. Lake Murray $214,579,178 (13.3%) 9. Lake Carolina $25,398,373 (1.6%) 5. Lake Marion $89,031,244 (5.5%) 10. Lake Robinson $23,115,970 (1.4%) Total South Carolina Market: $1,609,058,922

Biggest Home Market Biggest Land Market 1. Lake Keowee $240,596,095 (21.6%) 1. Lake Keowee $158,111,439 (32.1%) 2. Lake Wylie** $233,552,397 (21.0%) 2. Lake Hartwell** $97,934,360 (19.9%) 3. Lake Hartwell** $200,542,096 (18.0%) 3. Lake Murray $65,486,533 (13.3%) 4. Lake Murray $149,092,645 (13.4%) 4. Lake Wylie** $45,057,447 (9.1%) 5. Lake Marion $58,719,994 (5.3%) 5. Lake Marion $28,760,550 (5.8%) 6. Lake Greenwood $36,225,747 (3.3%) 6. Thurmond Lake** $23,324,929 (4.7%) 7. Lake Wateree $30,611,589 (2.8%) 7. Lake Greenwood $22,216,216 (4.5%) 8. Thurmond Lake** $28,617,125 (2.6%) 8. Lake Wateree $11,745,318 (2.4%) 9. Lake Carolina $22,650,723 (2.0%) 9. Lake Robinson $6,610,495 (1.3%) 10. Lake Robinson $16,505,475 (1.5%) 10. Lake Monticello $4,645,600 (0.9%) Total South Carolina Home Market: $1,111,942,818 Total South Carolina Land Market: $492,601,954

The average price for Lake Keowee homes remains in the mid-$800Ks, while prices of homes on Lake Wylie’s South Carolina shoreline are up more than 10% to more than $600K.

Most Expensive Homes Most Affordable Homes 1. Lake Keowee $846,427 1. Lake Secession $219,236 2. Lake Wylie** $605,402 2. Lake Frances $259,399 3. Lake Lanier $522,069 3. Lake Katherine $283,105 4. Lake Murray $494,119 4. Lake Marion $288,430 5. Lake William C Bowen $441,273 5. Fishing Creek Lake $289,871 6. Lake Wateree $408,481 6. Lake Moultrie $295,3 53 7. Lake Blalock $391,163 7. Thurmond Lake** $325,089 8. Lake Hartwell** $376,009 8. Lake Carolina $328,126 9. Lake Robinson $372,172 9. Lyman Lake $346,282 10. Lake Greenwood $371,264 10. Forest Lake $346,914

Most Listings 1. Lake Hartwell** 1,433 (23.4%) 6. Lake Marion 477 (7.8%) 2. Lake Keowee 1,098 (17.9%) 7. Lake Greenwood 403 (6.6%) 3. Lake Murray 659 (10.8%) 8. Lake Wateree 185 (3.0%) 4. Lake Wylie** 552 (9.0%) 9. Lake Carolina 98 (1.6%) 5. Thurmond Lake** 517 (8.4%) 10. Lake Moultrie 75 (1.2%) Total South Carolina Listings: 6,125

Most Homes Available Most Land Available 1. Lake Hartwell** 567 (23.5%) 1. Lake Hartwell** 855 (23.2%) 2. Lake Wylie** 338 (14.0%) 2. Lake Keowee 815 (22.1%) 3. Lake Murray 311 (12.9%) 3. Thurmond Lake** 421 (11.4%) 4. Lake Keowee 283 (11.7%) 4. Lake Murray 348 (9.4%) 5. Lake Marion 231 (9.6%) 5. Lake Greenwood 289 (7.8%) 6. Lake Greenwood 114 (4.7%) 6. Lake Marion 241 (6.5%) 7. Thurmond Lake** 96 (4.0%) 7. Lake Wylie** 214 (5.8%) 8. Lake Wateree 83 (3.4%) 8. Lake Wateree 102 (2.8%) 9. Lake Carolina 66 (2.7%) 9. Richard B. Russell Lake** 57 (1.5%) 10. Lake Robinson 45 (1.9%) 10. Lake Secession 52 (1.4%) Total South Carolina Home Listings: 2,417 Total South Carolina Land Listings: 3,689

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Wylie** $201,999 1. Lake Wylie** $48,459 2. Lake Carolina $146,407 2. Lake Murray $32,268 3. Lake Keowee $139,587 3. Lake Hartwell** $23,596 4. Lake Murray $132,190 4. Lake Robinson $20,068 5. Lake Cherokee $108,753 5. Lake Monticello $16,317 6. Lake Robinson $81,331 6. Lake Keowee $11,527 7. Lake Hartwell** $81,217 7. Lake Wateree $10,839 8. Thurmond Lake** $72,139 8. Lake William C Bowen $9,956 9. Fishing Creek Lake $70,765 9. Fishing Creek Lake $9,633 10. Lake William C Bowen $70,176 10. Lake Marion $8,963

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Richard B. Russell Lake** $12,774 1. Lake Secession $3,894 2. Whitewater Lake $15,326 2. Richard B. Russell Lake** $4,065 3. Lake Fiddlers Cove $20,161 3. Crystal Lake $6,300 4. Lake Secession $36,398 4. Lake Greenwood $6,604 5. Lake Blalock $39,699 5. Lake Moultrie $6,917 6. Broadway Lake $39,836 6. Lake Marion $8,963 7. Lake Monticello $41,396 7. Fishing Creek Lake $9,633 8. Lake Rabon $49,171 8. Lake William C Bowen $9,956 9. Lake Moultrie $49,931 9. Lake Wateree $10,839 10. Lake Wateree $50,187 10. Lake Keowee $11,527

The Tennessee lake market statewide is experiencing typical season decline, although some Tennessee individual lakes are seeing steeper drops in their markets, while others are up considerably.

Biggest Market 1. Old Hickory Lake $341,115,825 (18.9%) 6. Norris Lake $113,118,686 (6.3%) 2. Tellico Lake $206,744,681 (11.5%) 7. Douglas Lake $88,954,913 (4.9%) 3. Fort Loudoun Lake $159,268,132 (8.8%) 8. Tims Ford Lake $86,744,752 (4.8%) 4. Chickamauga Lake $145,160,626 (8.0%) 9. Nickajack Lake $75,261,199 (4.2%) 5. Watts Bar Lake $140,905,563 (7.8%) 10. J. Percy Priest Lake $66,885,576 (3.7%) Total Tennessee Market: $1,804,148,943

Biggest Home Market Biggest Land Market 1. Old Hickory Lake $272,959,659 (21.5%) 1. Tellico Lake $71,551,688 (13.3%) 2. Tellico Lake $135,192,993 (10.7%) 2. Old Hickory Lake $68,156,166 (12.7%) 3. Fort Loudoun Lake $125,238,708 (9.9%) 3. Watts Bar Lake $65,227,228 (12.1%) 4. Chickamauga Lake $107,069,623 (8.5%) 4. Norris Lake $43,572,859 (8.1%) 5. Watts Bar Lake $75,678,335 (6.0%) 5. Chickamauga Lake $38,091,003 (7.1%) 6. Norris Lake $69,545,827 (5.5%) 6. Douglas Lake $35,603,948 (6.6%) 7. Nickajack Lake $62,552,300 (4.9%) 7. Fort Loudoun Lake $34,029,424 (6.3%) 8. Tims Ford Lake $62,028,881 (4.9%) 8. Center Hill Lake $24,862,419 (4.6%) 9. J. Percy Priest Lake $60,467,176 (4.8%) 9. Tims Ford Lake $24,715,871 (4.6%) 10. Douglas Lake $53,350,965 (4.2%) 10. Cherokee Lake $22,250,587 (4.1%) Total Tennessee Home Market: $1,266,893,084 Total Tennessee Land Market: $537,255,859

The steep drop in home inventory on the new #1 Most Expensive Home Fort Loudoun Lake drives the average price up by 26% to

over $1.1 million.

Most Expensive Homes Most Affordable Homes 1. Fort Loudoun Lake $1,102,680 1. Lake Tansi $182,082 2. Watauga Lake $614,073 2. Lake Catherine $188,136 3. Douglas Lake $563,997 3. Lake Barkley $198,076 4. Nickajack Lake $560,023 4. Cordell Hull Lake $204,258 5. Great Falls Lake $557,236 5. J. Percy Priest Lake $264,856 6. Tellico Lake $538,183 6. Kentucky Lake $327,757 7. Melton Hill Lake $497,204 7. Big Oak Lake $328,407 8. Hiwassee River $496,305 8. Dale Hollow Lake $354,783 9. Chickamauga Lake $487,985 9. Center Hill Lake $381,020 10. Lake Dartmoor $483,581 10. Cherokee Lake $410,442

Most Listings 1. Tellico Lake 990 (13.7%) 6. Douglas Lake 397 (5.5%) 2. Old Hickory Lake 809 (11.2%) 7. Center Hill Lake 376 (5.2%) 3. Watts Bar Lake 763 (10.6%) 8. Cherokee Lake 370 (5.1%) 4. Norris Lake 650 (9.0%) 9. Tims Ford Lake 323 (4.5%) 5. Chickamauga Lake 437 (6.1%) 10. Fort Loudoun Lake 263 (3.7%) Total Tennessee Listings: 7,201

Most Homes Available Most Land Available 1. Old Hickory Lake 590 (21.7%) 1. Tellico Lake 737 (16.4%) 2. Tellico Lake 253 (9.3%) 2. Watts Bar Lake 593 (13.2%) 3. J. Percy Priest Lake 229 (8.4%) 3. Norris Lake 492 (11.0%) 4. Chickamauga Lake 216 (7.9%) 4. Cherokee Lake 303 (6.8%) 5. Watts Bar Lake 170 (6.3%) 5. Douglas Lake 299 (6.7%) 6. Norris Lake 158 (5.8%) 6. Center Hill Lake 275 (6.1%) 7. Tims Ford Lake 128 (4.7%) 7. Chickamauga Lake 221 (4.9%) 8. Fort Loudoun Lake 115 (4.2%) 8. Old Hickory Lake 219 (4.9%) 9. Nickajack Lake 105 (3.9%) 9. Tims Ford Lake 195 (4.3%) 10. Center Hill Lake 101 (3.7%) 10. Fort Loudoun Lake 148 (3.3%) Total Tennessee Home Listings: 2,718 Total Tennessee Land Listings: 4,483

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Tellico Lake $171,895 1. J. Percy Priest Lake $26,234 2. Fort Loudoun Lake $141,939 2. Boone Lake $25,952 3. Old Hickory Lake $139,105 3. Old Hickory Lake $20,380 4. Nickajack Lake $128,292 4. Watauga Lake $18,746 5. Melton Hill Lake $127,300 5. Fort Loudoun Lake $18,689 6. Fort Patrick Henry Lake $108,237 6. Melton Hill Lake $18,320 7. J. Percy Priest Lake $104,961 7. Chickamauga Lake $14,878 8. Boone Lake $101,165 8. Douglas Lake $14,455 9. Tims Ford Lake $84,333 9. Tims Ford Lake $14,020 10. Watauga Lake $74,980 10. Center Hill Lake $9,685

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Cordell Hull Lake $9,653 1. Fort Patrick Henry Lake $3,368 2. Lake Barkley $13,110 2. Lake Barkley $3,539 3. Campbell Cove $23,550 3. Cordell Hull Lake $3,811 4. Dale Hollow Lake $24,575 4. Great Falls Lake $3,915 5. Normandy Lake $26,696 5. Norris Lake $4,739 6. Great Falls Lake $29,553 6. Kentucky Lake $4,822 7. Center Hill Lake $30,342 7. Dale Hollow Lake $6,245 8. Hiwassee River $32,627 8. Normandy Lake $6,391 9. Kentucky Lake $35,006 9. Nickajack Lake $6,815 10. Norris Lake $44,374 10. Watts Bar Lake $6,941

The size of the Texas lake market remains stable in the Fall Report, although the large individual Texas markets show a variety of shifts both up and down, with Lake Austin’s 20% drop most significant.

Biggest Market 1. Lake Travis $616,223,952 (16.3%) 6. Lake Livingston $136,997,623 (3.6%) 2. Lake LBJ $452,327,949 (12.0%) 7. Possum Kingdom Lake $132,242,998 (3.5%) 3. Lake Austin $303,591,596 (8.0%) 8. Lake Ray Hubbard $131,274,822 (3.5%) 4. Lake Conroe $299,476,614 (7.9%) 9. Canyon Lake $110,354,475 (2.9%) 5. Cedar Creek Lake $168,984,460 (4.5%) 10. Clear Lake $91,160,041 (2.4%) Total Texas Market: $3,772,714,838

Biggest Home Market Biggest Land Market 1. Lake Travis $496,036,702 (17.8%) 1. Lake Travis $120,187,250 (13.0%) 2. Lake LBJ $321,147,883 (11.6%) 2. Lake LBJ $113,130,066 (12.2%) 3. Lake Austin $228,387,897 (8.2%) 3. Lake Austin $75,203,699 (8.1%) 4. Lake Conroe $225,694,032 (8.1%) 4. Lake Conroe $73,782,582 (8.0%) 5. Lake Ray Hubbard $108,275,916 (3.9%) 5. Cedar Creek Lake $53,691,651 (5.8%) 6. Cedar Creek Lake $108,070,679 (3.9%) 6. Canyon Lake $45,893,620 (5.0%) 7. Lake Livingston $107,526,054 (3.9%) 7. Possum Kingdom Lake $41,337,698 (4.5%) 8. Possum Kingdom Lake $90,905,300 (3.3%) 8. Lake Texoma** $38,377,765 (4.2%) 9. Clear Lake $82,207,581 (3.0%) 9. Lake Palestine $31,774,835 (3.4%) 10. Canyon Lake $61,068,455 (2.2%) 10. Lake Livingston $29,471,569 (3.2%) Total Texas Home Market: $2,779,777,628 Total Texas Land Market: $923,677,704

Lake Austin’s tightening of home inventory pushes the average home price there up again, now to

more than $3.3 million.

Most Expensive Homes Most Affordable Homes 1. Lake Austin $3,318,416 1. Callender Lake $134,288 2. Lake Woodlands $2,138,325 2. Holly Lake $149,011 3. Lake Travis $1,426,220 3. Greenbriar Lake $222,457 4. Lake Paloma $1,357,459 4. Lake Gladewater $229,315 5. Grapevine Lake $1,249,976 5. Lake Nocona $244,530 6. White Rock Lake $1,088,182 6. Hubbard Creek Lake $246,208 7. Lake LBJ $1,038,610 7. Lake Brownwood $261,847 8. Taylor Lake $903,081 8. Lake Tawakoni $276,300 9. Lake McQueeney $872,353 9. Lake Whitney $283,173 10. Lake Tyler $842,936 10. Hide-A-Way Lake $290,605

Most Listings 1. Lake LBJ 840 (9.3%) 6. Lake Texoma** 496 (5.5%) 2. Lake Travis 835 (9.2%) 7. Lake Livingston 460 (5.1%) 3. Cedar Creek Lake 626 (6.9%) 8. Possum Kingdom Lake 440 (4.9%) 4. Lake Conroe 572 (6.3%) 9. Lake Palestine 289 (3.2%) 5. Canyon Lake 524 (5.8%) 10. Richland Chambers Reservoir 243 (2.7%) Total Texas Listings: 9,061

Most Homes Available Most Land Available 1. Lake Travis 354 (8.4%) 1. Lake LBJ 522 (11.0%) 2. Lake Conroe 330 (7.8%) 2. Lake Travis 481 (10.2%) 3. Lake LBJ 315 (7.4%) 3. Canyon Lake 380 (8.0%) 4. Lake Livingston 270 (6.4%) 4. Lake Texoma** 341 (7.2%) 5. Cedar Creek Lake 263 (6.2%) 4. Cedar Creek Lake 341 (7.2%) 6. Lake Ray Hubbard 206 (4.9%) 6. Possum Kingdom Lake 285 (6.0%) 7. Possum Kingdom Lake 155 (3.7%) 7. Lake Conroe 242 (5.1%) 8. Lake Texoma** 143 (3.4%) 8. Richland Chambers Reservoir 205 (4.3%) 9. Lake Palestine 141 (3.3%) 9. Lake Livingston 190 (4.0%) 10. Canyon Lake 136 (3.2%) 10. Lake Palestine 146 (3.1%) Total Texas Home Listings: 4,235 Total Texas Land Listings: 4,724

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Clear Lake $1,219,169 1. Lake Austin $690,039 2. Lake Austin $842,748 2. Lake Conroe $292,991 3. Taylor Lake $751,660 3. Lewisville Lake $252,885 4. Lake Placid $467,040 4. Lake Brownwood $186,178 5. Lake Conroe $419,513 5. Lake Travis $102,018 6. Lake Dunlap $411,695 6. Meadow Lake $84,433 7. Lake LBJ $407,020 7. Lake Marble Falls $80,00 0 8. Eagle Mountain Lake $350,593 8. Lake Ray Hubbard $73,689 9. Lake McQueeney $321,774 9. Skipper Lake $65,909 10. Lake Ray Hubbard $300,296 10. Safari Waters Ranch $43,768

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Ellison Creek Reservoir $4,660 1. Ellison Creek Reservoir $1,825 2. Birdie Lake $11,412 2. Toledo Bend Reservoir $2,500 3. Holly Lake $18,548 3. Long Glade Lake $2,699 4. Houston County Lake $18,551 4. Possum Kingdom Lake $3,578 5. Duncan Lake $19,687 5. Caddo Lake $3,625 6. Hilltop Lakes $23,501 6. Aquilla Lake $3,948 7. Lake Gladewater $24,316 7. Lake Cypress Springs $4,052 8. Mays Lake $24,414 8. Russell Lake $4,497 9. Safari Waters Ranch $24,613 9. Dixie Lake $5,932 10. Lake Quitman $24,846 10. Lake Tawakoni $6,288

The overall lake market in Virginia sees no seasonal decline this Fall, with its large individual Virginia markets holding firm except for the state’s shoreline on Lake Gaston, which dropped an unremarkable 8%.

Biggest Market 1. Smith Mountain Lake $479,583,253 (45.7%) 6. Occoquan Reservoir $29,242,376 (2.8%) 2. Lake Gaston** $161,771,553 (15.4%) 7. Lake Monticello $21,375,279 (2.0%) 3. Lake Anna $157,297,345 (15.0%) 8. Fawn Lake $17,037,883 (1.6%) 4. Lake of the Woods $42,715,419 (4.1%) 9. Leesville Lake $15,080,075 (1.4%) 5. John H Kerr Reservoir** $29,830,749 (2.8%) 10. South Holston Lake** $9,384,550 (0.9%) Total Virginia Market: $1,050,229,103

Biggest Home Market Biggest Land Market 1. Smith Mountain Lake $303,992,373 (42.1%) 1. Smith Mountain Lake $175,590,880 (53.4%) 2. Lake Anna $108,979,380 (15.1%) 2. Lake Gaston** $56,051,588 (17.0%) 3. Lake Gaston** $105,719,965 (14.7%) 3. Lake Anna $48,317,965 (14.7%) 4. Lake of the Woods $38,727,937 (5.4%) 4. Leesville Lake $9,628,575 (2.9%) 5. John H Kerr Reservoir** $27,306,349 (3.8%) 5. Occoquan Reservoir $6,675,350 (2.0%) 6. Occoquan Reservoir $22,567,026 (3.1%) 6. Lake Chesdin $4,970,850 (1.5%) 7. Lake Monticello $17,987,479 (2.5%) 7. Lake of the Woods $3,987,482 (1.2%) 8. Fawn Lake $13,422,884 (1.9%) 8. Fawn Lake $3,614,999 (1.1%) 9. Lake Holiday $7,746,099 (1.1%) 9. Lake Monticello $3,387,800 (1.0%) 10. Lake Frederick $7,085,580 (1.0%) 10. South Holston Lake** $3,025,900 (0.9%) Total Virginia Home Market: $721,288,951 Total Virginia Land Market: $328,821,872

The bulk of the homes on Virginia’s three largest markets are priced under $500k, with an ample selection priced above $1 million.

Average Home Price 1. Fawn Lake $780,116 2. Smith Mountain Lake $697,661 3. Occoquan Reservoir $686,115 4. Lake Anna $597,6 20 5. John H Kerr Reservoir** $459,190 6. Leesville Lake $454,291 7. Lake Frederick $423,387 8. Lake Gaston** $375,828 9. Lake of the Woods $350,405 10. South Holston Lake** $338,209

Most Listings 1. Smith Mountain Lake 1,252 (37.0%) 6. John H Kerr Reservoir** 92 (2.7%) 2. Lake Gaston** 723 (21.3%) 7. Lake Monticello 84 (2.5%) 3. Lake Anna 490 (14.5%) 8. Lake Holiday 80 (2.4%) 4. Lake of the Woods 169 (5.0%) 9. Occoquan Reservoir 53 (1.6%) 5. Leesville Lake 100 (3.0%) 10. South Holston Lake** 41 (1.2%) Total Virginia Listings: 3,500

Most Homes Available Most Land Available 1. Smith Mountain Lake 439 (32.1%) 1. Smith Mountain Lake 813 (40.2%) 2. Lake Gaston** 275 (20.1%) 2. Lake Gaston** 448 (22.2%) 3. Lake Anna 182 (13.3%) 3. Lake Anna 308 (15.2%) 4. Lake of the Woods 110 (8.0%) 4. Leesville Lake 88 (4.4%) 5. John H Kerr Reservoir** 63 (4.6%) 5. Lake of the Woods 59 (2.9%) 6. Lake Monticello 59 (4.3%) 6. Lake Holiday 53 (2.6%) 7. Occoquan Reservoir 33 (2.4%) 7. John H Kerr Reservoir** 29 (1.4%) 8. Lake Holiday 27 (2.0%) 8. South Holston Lake** 27 (1.3%) 9. Lake Caroline 18 (1.3%) 9. Lake Monticello 25 (1.2%) 10. Fawn Lake 17 (1.2%) 10. Lake Chesdin 24 (1.2%) Total Virginia Home Listings: 1,367 Total Virginia Land Listings: 2,021

Most Expensive Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. Lake Monticello $241,506 1. Lake Manassas $51,200 2. Fawn Lake $226,787 2. Occoquan Reservoir $42,847 3. Lake Jackson $175,585 3. Smith Mountain Lake $29,268 4. Lake of the Woods $140,546 4. Hunting Run $27,962 5. Smith Mountain Lake $117,025 5. Lake John $20,986 6. Occoquan Reservoir $116,089 6. Little Creek Reservoir $19,223 7. Lake Manassas $104,166 7. Lake Anna $18,948 8. Lake Anna $79,128 8. Lake Gaston** $18,583 9. Lake Gaston** $64,409 9. Speights Run Reservoir $15,489 10. Lake Izac $56,890 10. South Holston Lake** $11,327

Most Affordable Land Per Acre Listings of Less Than 10 Acres Listings of 10 Acres or More 1. South Holston Lake** $26,356 1. Claytor Lake $4,541 2. Ni River Reservoir $29,582 2. Lake Monticello $6,017 3. John H Kerr Reservoir** $37,770 3. Leesville Lake $7,051 4. Leesville Lake $41,694 4. South Holston Lake** $11,327 5. Lake Holiday $48,442 5. Speights Run Reservoir $15,489 6. Lake John $53,226 6. Lake Gaston** $18,583 7. Lake Chesdin $56,571 7. Lake Anna $18,948 8. Lake Izac $56,890 8. Little Creek Reservoir $19,223 9. Lake Gaston** $64,409 9. Lake John $20,986 10. Lake Anna $79,128 10. Hunting Run $27,962

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CEO’s MARKET INSIGHTS

Data is critical. Experts give us understanding. So in addition to our own LOCAL licensed agents in so many lake real estate markets, key members of our corporate team (including me) continue to visit local markets across the country. We have hundreds of hours visiting with local real estate agents about market conditions, buyer trends, and seller goals. The numbers never lie, but that does not mean they are understood without local expertise. And the expertise is not just about properties, but also the ever-changing mindsets of home buyers and sellers. This year alone I’ve had “sit-down, face-to-face” conversations with real estate agents from fifteen states, and agents from even more states by phone. Many are with other brokerages. This effort by our team, along with our unique data, gives us insight to help people make smarter lake real estate decisions. Here are a few insights I’ve learned about the current lake real estate market:

1. I continue to see the market active (but not hyper-active) for lake property sales through at least the end of 2019, although the level of activity will vary at each local market. That said, please notice that some markets with high demand from buyers will NOT see a strong increase in the total number of annual transactions compared to last year. This is not because of a lack of buyer interest. The issue is a limited number of “sellable” homes in many lake markets. (By “sellable,” I mean homes in good condition, on decent water, that are not over-priced.) New construction will not quickly resolve this issue (and some lake markets have no room for new construction). Markets with limited sellable homes will self-limit the number of transactions and may have fewer sales than last year. 2. Unlike prior real estate cycles, a number of markets around the country are seeing an unusual buyer behavior. Many lake real estate buyers are not yet willing to pay higher prices EVEN WHEN supply is very limited. Some “price mindset” adjustments (i.e., willingness to make higher offers) is appearing in a few markets. However, this behavior will be market-by-market and likely not be across the lake real estate market as a whole during at least the next six months (and probably longer). 3. While there are exceptions, lake homes priced between $175,000 and $750,000 will continue to sell well WHEN PRICED APPROPRIATELY for age, location, and physical condition. This trend will continue through 2019. 4. Except for markets where the average lake home value is more than $1 million, lake homes priced at $1 million or more are selling but not in high demand in most markets. This will not change in the next several months due to these four reasons: First, most buyers who can afford a high-end home learned during the real estate bust that high-end homes can be more difficult to sell. They don’t want to trap their money. Second, we’ve shifted culturally. The “Age of Opulence” has passed. It is no longer as popular to own high-end homes. Many high-end buyers are now interested in smaller, lower-priced lake homes. This is © Copyright by LakeHomes.com 69 Lake Market Report – Fall 2018

further impacted by many older homeowners now downsizing, keeping the adding to the inventory of high- end lake homes for sale. Thirdly, in many markets, the home construction boom of a few years ago focused on high-end homes. Thus, homes were purchased at the height of the real estate boom with prices at their peak. These buyers actually lost their money the moment they bought at a premium price. Many high-end home owners are still not yet emotionally (or financially) ready to accept that loss. Lastly, many buyers believe high-end homes will not sell at the current high prices. Whether true or not, these buyers have no appetite for paying more (yet). 5. Most lake markets have now shifted to sellers’ markets. However, this is nothing like the real estate boom of a few years ago. That said, some markets do now have competing offers for appropriately priced homes new to the market. An important caution on the market shift for home sellers: Due to the wealth of online information, including what can be found in this report and by searching www.LakeHomes.com, buyers are better informed than any time in history. Today’s lake home buyers (and home buyers in general) quickly spot overpriced homes and THEY AVOID THEM. Typically they don’t even request a showing or more information. 6. Inactivity of showings or offers is rarely due to a lack of marketing of a home (except for very special cases or some For-Sale-By-Owner properties). Buyer actions continue to speak loudly (although often ignored by sellers). A lack of buyer interest announces the property is considered overpriced for buyers’ current appetite, and not even worth their time to inquire or visit. If selling a home, listen to your local market. It is speaking to you! 7. Speaking of the wealth of online information, lake home sellers need to be very aware that many of today’s buyers are not just comparing a home to other homes across that specific lake. Many buyers are comparing lake homes on MULTIPLE LAKES. Therefore, it is wise to price property with a robust understanding of this, and with guidance on home prices on similar lakes in other states. In other words, local information may not be enough anymore. 8. While not widespread, new construction has begun more earnestly in several lake markets. Home buyers will often pay 10% to 15% more for a similar home that is new. Sellers of existing homes in markets with new construction should account for this buyer mindset when pricing their home, regardless of what they paid for their lake home. The history is in the past, price for today. I hope you find our report valuable. We publish this report several times a year, each time with even more information. Please let us know how we can be of service. Warmest Regards,

Glenn S. Phillips

CEO