Georgia Lake Real Estate Market Insights
Summer 2023 Lake Real Estate Market Report Data
Total Georgia Market for lake homes and lots – $2,132,791,043 – Up 15% from spring ($1,815,565,672)
Total number of listings – 4,116. Up from 3,780 in spring.
Largest Home Market – Lake Lanier
Largest Land Market – Lake Lanier
Most Expensive Homes – Lake Burton – $2,230,188 average. 52% of Lake Burton Home listings are over $1 million.
Number of $1 million+ lake homes on the market in Georgia – 370
Most expensive zip code – 30523
45% of lake home searchers are 45 – 64. 52% are male.
Top searching cities outside of Georgia – Washington, D.C. followed by New York and Greenville, SC
Looking for the dream lake home or lot to build? You have more choices as summer approaches. The new Summer 2023 Lake Real Estate Market Report shows 73,925 lake properties are on the market, up from 70,805 in spring. All 34 states covered by Lake Homes Realty showed increases except three: Massachusetts and Montana showed a slight decrease, and Florida was virtually unchanged. Texas lake home and lot listings spiked by 2,000 to 14,669, nearly 6,000 more than Florida – the second state for most lake property listings.
The new Summer 2023 Lake Real Estate Market Report revealed lake home and lot listings were $39.781 billion, as of May 15, within the 34 states covered by Lake Homes Realty. This inventory total increased by $5.9 billion since the spring report in February. The average listing price for homes and lots combined increased to $538,131 each – up from $479,586 in spring. The quarterly report is generated by Lake Homes Realty, the nation’s largest lake-focused brokerage, and pulls data from 126 MLS areas. For a complete listing of available homes and lots across 6,767 lakes, visit www.LakeHomes.com. Of those lakes, 4,321 have at least one listing.
Glenn S. Phillips, CEO and Chief Economic Analyst at Lake Homes Realty, sees multiple reasons for increases in…
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