A new lake real estate report from the country’s largest lake-focused brokerage show listing prices in Texas are up over summer 2022. The new Lake Real Estate Market Report from Lake Homes Realty shows Texas’s total market at $8.27 billion, up from $4.31 billion in the summer of 2022. Lake Homes Realty operates in 34 states across the country.
The new quarterly lake real estate report from Lakehomes.com shows Lewisville Lake to be the second-largest market in the state of Texas. The specialized website just showcases properties that are lakefront, have a lake view or lake access so that agents can help clients from across the country search for dream lake properties. As of August 8, 2023, Lewisville Lake has 1,013 lake area properties listed, ranging from a $20,000 lot to a $6.95 million lake home. Over 100 of the properties were listed for over $1 million.
The average home price for listings around Grapevine Lake is $1.5 million, according to the Lake Market Real Estate Report. The average lot price is $1.3 million for the 27 lake area lots currently listed. This comes in likely due to a $23 million property covering 13 acres.
Boating is extremely popular on Lewisville Lake, as are its related activities, waterskiing, tubing, and wakeboarding. With 29,000 acres of pristine water, it is one of the largest lakes in northern Texas. Lewisville Lake appeals to lake home searchers from across the country. Among the hundreds of people searching the lake homes and lots in Texas in May 2023, the top Metro area looking on LakeHomes.com was Chicago, followed by Oklahoma City and Minneapolis. One in 37 American adults look 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 “Which is why we’re happy to welcome Loretta Fadeley as a buyer’s agent in Texas. Loretta offers outstanding customer service in the Lewisville Lake and Grapevine Lake areas and is truly a specialist in that area,” he said.
About Loretta Fadeley
Particularly with her children, Loretta Fadeley has a lot of happy memories of Grapevine Lake. During their childhood, Loretta’s kids spent every weekend at the lake. They would go trekking, reading, skipping rocks, and swimming all day. With the goal for other families to have the same memories, Loretta is now selling on Grapevine Lake.
Loretta worked as a barista and roof inspector for ten years, so she is accustomed to helping customers and enjoys it. She takes delight in making sure her clients receive excellent treatment and receive what they paid for.
Loretta’s 14 years of living close to Grapevine Lake have contributed to her skills. But Loretta’s actual expertise on lakes comes from her grasp of what her clients require in their desired location. Whether living on the ocean or in a suburban location close to it, she understands and can relate to every need.
Kye, Loretta’s spouse, works as an agent with Lake Homes Realty. She has a daughter, a son, and a stepson. They all enjoy laughing, cooking, and creating memories in the kitchen.