December 13, 2023 – Hoover, Ala – The new Winter 2023 Lake Real Estate Market Report is ready, and you can directly download it HERE.
Welcome to our annual slower period. Historically, the winter months have shown fewer listings and sales. However, since this past summer, listings in our 34 states have only fallen by 1% overall versus a 10% drop during the same period last year.
With some relief from price pressure, we are primed to see a sizeable upward trend. Pricing is the major roadblock this niche is currently experiencing. However, even without lower prices, we feel the increased available inventory will be the catalyst to drive a 10% to 15% increase in properties sold.
Here are the states with more than $1 billion in lake home and lot listings:
Texas – $8.59 billion (up from $8.27)
Florida – $4.96 billion (up from $4.74)
Washington – $3.56 billion (down from $3.63)
North Carolina – $2.51 billion (up from $2.46)
Tennessee – $2.5 billion (up from $2.32)
Minnesota – $2.36 billion (up from $2.29)
Michigan – $2.18 billion (up from $2.19)
Georgia – $2.21 billion (up from $2.13)
Illinois – $1.43 billion (down from $1.54)
Alabama – $1.55 billion (up from $1.46 million)
South Carolina – $1.4 billion (No Change)
Idaho $1.2 billion (Down from$1.4)
Missouri $1.29 billion (up from $997 MM)
Top 10 States for Lake Property Listings
- Texas – 16,028
- Florida – 9,028
- Tennessee – 6,208
- North Carolina – 4,553
- Georgia – 4,184
- Minnesota – 4,338
- Alabama – 3,959
- Michigan – 3,445
- Washington – 3,308
- Missouri – 4,018
Top 5 Most Expensive Lakes for Home Listings (Average Price)
- Walloon Lake, MI – Avg. $7,755,000
- Lake Sheen, FL – Avg. $6,522800
- Lake Chase-Orange, FL – Avg. $5,673,750
- Lake Pointe Verde – Avg. $5,092,500
- Heron Lagoon, FL – Avg. $5,073,890
Top 5 Lakes for Number of Home Listings
- Lake Michigan, IL – 1,091
- Lewisville Lake, TX – 955
- Puget Sound, WA – 830
- Lake of the Ozarks, MO – 772
- Lake Norman, NC – 744