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Smith Mountain Lake Virginia Real Estate Market Update

By
Real Estate Sales Representative with Wainwright & Co. Realtors Virginia Lic. Realtor

Dear Friends:   I hope your start to summer is going great!   Things are starting to really pick up here at the lake.   I have linked below my current 'featured listings list'.   (These are actually my current listings ;))   I also wanted to give you our current market update as well.   And now is a great time to remind you that if you are coming to the lake and want to see some homes or lots, 'Please' remember to let me know as soon as you know you are coming.   My schedule is getting full for the season and as many of you know, I do my best to accommodate everyone, even those who call after arriving at the lake, but it's not always possible and I want to be sure and give everyone the best service I possibly can.   And also remember you can call me any time at 540-520-0168, and never hesitate to email me at ednalovessml@gmail.com  if you have any questions on anything here at the lake.

Edna Jamieson's listings on and around Smith Mountain Lake Virginia

 

Waterfront homes =   currently there are 368 detached waterfront homes for sale.   Prices start at $189000.00 and go up to 6.9M.   In the past 12 months there have been 210 waterfront homes sold.   The avg. list price was $611,159.00 and avg. sold price was $570,242.00 .(Average sold price was 94% of the list price @ 194.72 a square foot sold price)

Waterfront Condos & Townhomes =   Currently there are 146 active listings.   Priced at $44,500.00 up to 1.5M .   There have been 59 that have sold in past 12 months.   Avg. list price $307,187.00 , Avg. sold price $291,014.00 .   (Average sold price was 94% of the list price @ $190.17 a square foot sold price)

Water access homes =   Currently there are 127 water access homes listed for sale.   Priced from $83,950.00 to $849,000.00 .   There have been 83 water access homes sold in past 12 months.  Avg. list price was $236,806.00, avg. sold price was $223,200.00 .   (Average sold price was 94% of list price at $119.62 square foot sold price)  

Waterfront Lots = Currently 370 waterfront lots for sale.   Priced from $20,000.00 (No, I'm sorry, you won't get a lot with a view or a dockable lot at $20,000.00)   Up to 20M for a waterfront subdivision close to Smith Mountain.   65 waterfront lots have sold in past 12 months.   Average list price $226,638.00 and average sold price $197,327.00 .   (Average sold price was 86% of list price)  

Water Access lots -   Currently there are 369 water access lots for sale.   Prices are from $8,000.00-$250,000.00 .   There have been 19 water access lots sold in past 12 months.   (lowest price sold for $4500.00 and highest price for $368,000.00 for a 50 acre parcel)   Average list price was $46508.00 average sold price was $41279.00. (Average sold price was .79% of list price)

If you would like to see detailed listing reports for any of these, just let me know and I will gladly send.   Please don't forget to see the link to my current listings below and if you know anyone interested in our beautiful area, I would sincerely appreciate your referrals.   Thanks again and have a very blessed summer 2015.  

All information obtained from the Roanoke Valley Association of Realtors Multiple Listing Service as of 3:00PM on May 6, 2015.   Information deemed reliable but not guaranteed.   

Edna Jamieson
Realtor/ ABR 
540-520-0168 

  
Wainwright & Co. Realtors
16503 Booker T. Washington Hwy.
Moneta, VA. 24121
Licensed in State of Virginia
Equal Opportunity Housing
 

Posted by

Edna  Jamieson Wood

Realtor/ABR

Wainwright & Company Realtors

16503 Booker T. Washington Hwy.

Moneta, VA. 24121

 

Licensed in State of Virginia

Equal Housing Opportunity

 

Comments(2)

Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

 I know some folks that have a vacation  home there and absolultely LOVE it ! 

May 06, 2015 05:58 AM
Edna Jamieson Wood
Wainwright & Co. Realtors - Moneta, VA
Realtor/ABR/E-Pro/C2EX . Customers are always #1

Thank you so much Michele!  It really is a beautiful area.  If you are ever up this way, please stop and say hello!  Hoping you have a very blessed summer season too!

May 06, 2015 06:03 AM