For those in the Tennessee Valley, summer often marks the start of lake season—relaxing weekends on the water, family cookouts, and for many, the hope of owning a second home on Chickamauga or Nickajack. But in 2025, that hope is running up against economic uncertainty.
Although there were early signs that lake home sales might bounce back this year, the national market has slowed—and Tennessee is no exception.
Missouri’s lake home and lot market is experiencing an unusual summer trend: high prices paired with hesitant buyers. According to a new report, economic uncertainty and rising interest rates have led to a recent slowdown in the state’s lakeside real estate activity.
Cedar Bluff, situated in the northeastern region of Alabama, offers breathtaking views and an unparalleled lake lifestyle on Weiss Lake. With its quintessential small-town vibe and affordable cost of living, Cedar Bluff provides many opportunities for both homeowners and investors. When you’re ready to start the next chapter of your life at the lake, working with a professional lake expert to help you navigate the nuances of lake real estate makes all the difference.
The lakefront real estate market in Alabama has shown substantial growth compared to the spring of 2024. According to the most recent market report from Lake Homes Realty, Alabama’s total market value has surged to $1.52 billion, up from $1.39 billion in the previous spring.
Stephanie Johnston of Lake Homes Realty points out that Wilson Lake and Pickwick Lake are standout markets in the state, ranking sixth and seventh, respectively. Wilson Lake currently boasts 170 lakefront properties on the market, priced between $24,000 and $8 million, with an average home price of $946,996. Pickwick Lake offers 90 properties ranging from $8,000 to $2.95 million, with an average home price of $431,801. This positive trajectory in property values and inventory indicates a strong and growing interest in Alabama’s lakefront real estate market.
“The new Lake Real Estate Market Report from Lake Homes Realty shows Alabama’s total market at $1.52 billion, up from $1.39 billion in the spring of 2024,” said Stephanie Johnston of Lake Homes Realty, who focuses on Wilson Lake, Shoal Creek, Elk River, and Pickwick Lake. – 265 Today
A new lake real estate report from the country’s largest lake-focused brokerage shows listing prices in Michigan are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Michigan’s total market at $2.19 billion, up from $2.02 billion in the summer of 2022,” said Stephanie Hall, a new agent with Lake Homes Realty, who focuses on Coldwater Lake, Palmer Lake, Baw Beese Lake, and more in Michigan. Lake Homes Realty operates in 34 states across the country.
“LakeHomes.com showcases properties that are lakefront, have a lake view, or have lake access, so we can help clients from across the country search for dream lake properties,” said Hall. As of August 16, 2023, Coldwater Lake has 11 lake area properties listed, ranging from a $224,900 home to a $1.1 million lake home. “The average home price for listings around Coldwater Lake is $519,327, according to the Lake Market Real Estate Report,” said Hall.
“Boating is extremely popular on Lake Hartwell, as are its related activities, waterskiing, tubing, and wakeboarding,” said Hall. “With just over 1,500 acres of pristine water, Coldwater Lake appeals to lake home searchers from across the country. Among the hundreds of people searching for lake homes and lots in Michigan in May 2023, the top metro area looking on LakeHomes.com was Chicago, followed by Washington, D.C., and Columbus, Ohio,” said Hall. “The national reach offered by LakeHomes.com works really well with my local expertise along Coldwater Lake and the surrounding area,” said Hall. One in 37 American adults looks at LakeHomes.com each year.
“We believe our agents’ intimate knowledge about their lake real estate markets, nuances of the lakes themselves, and their involvement in local lake life is paramount to our continued growth,” said Glenn S. Phillips, CEO and Chief Economic Analyst for Lake Homes “Stephanie offers outstanding customer service in the Coldwater Lake area and is truly a specialist in that area,” he said.
About Stephanie Hall
Serving others is something Stephanie Hall is well-versed in. She has six years of experience as a real estate agent. She has an amazing reputation, unending respect, and recognition for her commitment to safeguarding your interests, equity, and well-being while realizing your dreams.
Hall has more than just real estate experience. She has worked in company management concurrently for the past five years, and she currently owns and runs a sizable self-storage facility, many rental homes, and an agricultural farm in her community.
Her hometown is in southern Michigan. She spent decades creating invaluable memories here, and she now makes it her goal to help others create priceless memories of their own. Among the many lakes she services are Devils Lake, Baw Beese Lake, Coldwater Lake, Klinger Lake, Duck Lake, and countless others.
Hall is ready to assist you, whether your interests are in property, nearby activities, or living by a lake. Her top goal is to fully comprehend the needs and lifestyle preferences of her clientele. Witnessing her clients realize their own potential and achieve their goals brings her great satisfaction.
Hall collaborates closely with her local Branch County man, James, her fiancé. They have consistently astounded clients with their knowledge, skill, and proven execution while working nonstop for them in their remarkable team approach.
Communication and organization are the foundations of her success as a real estate agent. She guarantees that when you work with her, she will respond to your emails, demands, and texts as soon as possible, all while acting professionally and with unrestrained excitement. If you’re looking to buy or sell in Jackson, St. Joseph, Branch, Calhoun, Hillsdale, or Calhoun Counties, she looks forward to speaking with you!
Having a lake-focused real estate as a buyer will make all the difference. Lake Homes Realty’s CEO, Glenn Phillips, shares variables about lake home buying that make a lake expert crucial.
Water is Not All Equal: Where you want to be on the water can have a considerable effect on lake activity, home price, etc.
Leased Lots: This transaction type is extremely common on the lake, and is nothing to fear. The length of your lease can be up to 100 years and is transferable when you’re ready to move.
Financing is Different: The average lender may not be familiar with lake-specific transactions like leased lots. A lake-focused agent can connect you with a lake-focused lender to help prevent confusion.
Unexpected Regulations: Don’t find out about lake restrictions after you’ve bought your home. A lake expert can help you navigate your lake’s regulations during your home search.
Lake-Induced Price Variables: Two identical homes on a lake can have vastly different price tags depending on their relation to the lake.
Different Types of Sellers: Traditional sellers are bound to a timeframe when trying to move. Lake home sellers don’t have the same haste, as this is a discretionary purchase.
Don’t settle for a real estate agent with minimal knowledge of the lake, when you can find a lake expert at LakeHomes.com!
The rules of real estate are difficult enough to grasp, but the rules of lake real estate can get even trickier. Lake Homes Realty’s CEO, Glenn Phillips, shares why you need a lake expert, and how to tell if your agent meets the criteria of one.
History: Having general real estate knowledge is valuable, but the lake real estate market is a specific market that only lake experts can successfully navigate.
Water knowledge: Water levels can be affected by a variety of causes such as seasonal conditions, flood preparations, and location. It’s imperative that your lake agent is able to break down the habits of your prospective lake.
Regulations Knowledge: Regulations vary by lake and can have specific restrictions regarding motor crafts, dock additions, and other water activities. Rules like these should be communicated thoroughly by your agent before you make the commitment to live on a lake.
Generic Out-of-Area Marketing: Question if an agent lumps in lake listings with other generic real estate properties when marketing homes. Lake real estate is a unique market, and true lake experts take the extra step to ensure lake properties are reaching a targeted demographic, similarly to the Lake Homes website.
Dismisses Differences: Again, the rules of the lake real estate market set it apart from other generic property transactions. If your agent dismisses fundamental differences within this market, it’s a clear sign they are not a lake expert.
There are so many moving parts when you enter the lake real estate market. The only way to make the most out of your investment, as a buyer or seller, is by ensuring your agent is a lake expert!
To understand lake real estate, you have to realize that it’s in a class of its own with rules specific to the market. Lake Homes Realty’s CEO, Glenn Phillips, shares why you need a lake expert to help you navigate the world of lake real estate.
Specialty Property: Your home is unique and requires an agent knowledgeable in the lake market to help you sell it.
Remote Buyers: Out-of-state buyers make up a large portion of potential prospects. With this in mind, it’s essential that your agent is comfortable engaging with and bringing in those remote buyers.
Thinks Long-Term: A lake home is a discretionary product, which can make purchasing one a lengthy process. To combat this, a good lake-expert agent will already have a pipeline of interested buyers with whom they have developed long-term relationships.
Local is Not Enough: Most of the time your buyer pool won’t include your neighbors on the lake. You need an agent who has experience marketing lake homes nationally.
Lake real estate varies from the typical commercial market in a lot of ways. To stay on top of the lake market, be sure to find a lake expert agent to help you sell your home!
Hiring a real estate agent can be tricky when you don’t know what to look out for. Lake Homes Realty’s CEO, Glenn Phillips, gives four mistakes to look out for when hiring an agent!
Generalist: It’s imperative to look for a specialist when hiring a real estate agent because a generalist may or may not understand the nuances of buying/selling lake homes.
Friendship First: Friendships are important but you must remember that when purchasing a lake home, it’s about business. Again, a specialist would be more beneficial to you.
Family First: We always want to help our family when we can but if they are not experienced enough in lake real estate, it can hurt you in the long run.
Only Thinking Local: There are potential buyers across the nation, not just in local areas. An agent who only focuses on the surrounding area will hinder your opportunities.
Choosing the right real estate agent should be one of the first things on your list when buying or selling your lake home. Remember, this is a business and making the best decision for you, despite the circumstances, is the most important thing!