Lake Placido, New Mexico — The lake house is still a hot item in the real estate market, with sales of the six-bedroom house up 28% from a year ago, according to Realtor.com.
A Lake Placer home is listed for $3,100, but the median price for a lake house in the city is $4.8 million, according the site.
But the number of listings has gone up, as did the price.
A lake house has been on the market in Lake County for about 10 years, said Lake Placsman, Lake County’s chief real estate agent.
The lake home was built by the same architect who built Lake Placo, a five-bedroom townhouse that sold in 2012 for $2.9 million.
A number of buyers have also turned to Lake Placers as a vacation destination.
“I’ve seen people in their 20s and 30s, people that are on vacation in the next city, people who have kids coming home from college, and they’re buying a house and they want a lakehouse,” said Placado.
But Lake Plackos aren’t the only ones buying.
“People are buying all over the place.
People are going out to Lake Okeechobee, they’re coming to Lake Tahoe, and Lake Plache,” said Lake Manzanillo, a Lake Placento resident.
There are about 6,000 lake houses in the United States, according a Realtor report from February 2016.
Prices vary depending on where you live and how much time you spend in the lake.
A $3 million lake house, for example, can go for $1,800,000.
The average home sold in Lake Oceanoa was $1.5 million in February, according Realtor, and the average price of a lake home in Lake Tahoa was $4 million in May.
“The market is so good, it’s hard to find a lake and it’s a beautiful place, and you’re going to get a lot of vacation homes for the price,” said Manzanilla.
Lake Plakons popularity isn’t limited to Lake County.
Sales of luxury condos in the Las Vegas region have skyrocketed in the past decade.
Prices of luxury lake houses increased by 43% between January and June 2017, according To Realtor Magazine.
But sales of luxury homes are also up across the country, according TO Realtor data.
Sales in the Los Angeles area increased by 30% between February and June 2018.
Sales are up by almost 40% in Lake Elsinore, the largest lake in California, and by almost 60% in Placita.
The popularity of luxury lakes has also led to increased demand for Lake Placco, a six-level luxury lake home that is priced between $2 million and $3.8,000, according realtor.
A house is sold in Placco Beach, Florida, January 26, 2021.
The number of lakes in Florida increased by nearly 20% between March and June 2021, according The Realtor Report.
The total number of lake homes sold in the U.S. in the last year is expected to exceed 7.5 billion, according data from realtor site Trulia.
The demand for luxury lakes, coupled with a surge in home prices, has caused the realtors to start asking buyers to be more selective when buying a home, said Trulia research director Laura Tullis.
A new study from real estate analytics firm CBRE found that the popularity of lake houses is not just limited to the lake itself, but also in the region around it.
The researchers studied more than 200 homes that were sold in cities across the U, including Los Angeles, Orlando, and Tampa, Florida.
They found that, among the homes sold, buyers of luxury, four- and five-level lake houses were significantly more likely to be single, Hispanic or black.
In Orlando, where Lake Placia is located, there were nearly 70% single buyers, compared to only 27% for other lake homes, the report said.
And in Orlando, there was a greater disparity between the cost of the lake house and the price of the other properties.
In Tampa, the price for the lake home with four bedrooms and three bathrooms was $3M.
In Las Vegas, the average lake house price was $2M.
“Lake houses have been a great market for luxury homes in Florida, especially for people that aren’t living in Lake and are coming out of Lake,” said Truba Tullius, a realtor with CBRE.
“We see a lot more lake houses and that has led to an influx of buyers, and that is really exciting,” she added.
And while the popularity and prices of luxury Lake houses in Lake Country may be on the rise, Truba said the realtor industry needs to be cognizant of how to properly market these properties to prospective buyers. “They’re