Smith Mountain Lake Real Estate Market Update

By
Real Estate Sales Representative with Wainwright & Co. Realtors

Hello and Happy New Year Friends!  I wanted to give you a update  to our current Real Estate  market as well as remind you that I am here if you or any one you know is in need of buying  or  selling here  at beautiful Smith Mountain Lake Virginia.    Last year was a very busy year and predictions  are this year will be  the same.  If you have been thinking of selling or know someone who is, please give  me a call at 540-520-0168.  I have buyers looking right now and would be  honored to have the opportunity to present my marketing  plan to you.  And if you or  anyone  you  know is in the market to buy, just  let me know and I will do everything  I can to help you find something  perfect for you!  If you want to know what just a few of my satisfied customers have to say, please go  to my Zillow  Reviews page  Edna Jamieson Happy Customer reviews.  And now for the current market update.....

There are currently 150 waterfront homes actively for sale.  Prices start  at $150K for a 780SF cottage on a very shallow area of the lake and go up to $8,950,000.00 for a exquisite  almost  11000 square foot home on 6 acre pointe lot in the private golf community The Waters Edge.  View these  homes here -    Current active Waterfront homes for sale on Smith Mountain Lake VA  .  38 of these 150 waterfront homes are priced over 1Million.  The  average  Square  Foot list price for the remaining  112 under a Millon is $216.00 a SF.

We currently have 69 condos and townhomes  for sale.  Prices start at  $65K for a 290SF efficiency unit  at the resort  community of Mariners Landing and go up to 1,425,000.00 for a  4500SF Grand Villa in the private  golf  commnity  of The Waters  Edge.  The average SF list price is $220.00.  View these condos here -    Condos and townhomes at Smith Mountain Lake VA

Also available  are 53 homes  off water in waterfront communities.  These have various ways of accessing the lake.  Some of our lake access homes have a boat  slip in community marina.  Some communities  just have a community boat launch, and others are  convenient to one of  our many public boat launches.  Prices start at $119K for a 1600SF Double  Wide and go  up to $849K for a gorgeous 5300SF home with million dollar views of the  lake and Smith Mountain.  The average SF list price of these homes is $155.00 .  You can also view these  here -  Off water homes at Smith Mountain Lake VA .

In the  past  12 months 288 waterfront homes have sold here on our beautiful lake.  Sold prices started at $95K for a 780SF cabin and went  as high as $3,950.00 for a 14000 Grande  home  on 11 acre lot.  Average list price was $210.00SF with  a average sold price of $200.00SF.  View these here -   Sold Water Front Homes at Smith Mountain Lake VA  .

In same 12 months 114 condos / town homes sold.  Sold prices started at $55k for a efficiency unit  at Mariners Landingand went up to $682K for a 3200SF town  home in the  private golf community at  The  Water Edge.  Average  List  price was $201.00SF and average  sold price was $198.00SF.  Take a look at these -   Sold condos and townhomes at Smith Mountain Lake .


And 112 off  water homes in waterfront communities sold.  Sold prices started at $40K or a 900SF cottage  and went up to $700K for a 5000SF  home with  panoramic views in the beautiful (and my favorite community on SML) Boardwalk Community.  Here's a link to these -    Off Water homes in Waterfront communities sold in past 12 months  .
The average list price of these was $118.00SF and average sold price was  $113.00SF .   

If you are interested in land, tho the home  inventory is low, there  is  still a abundance of vacant land for sale.  There ar 260 watrfront lots. Prices start at $72K and go up to 6 Million for  a 30 acre prime commercial area  at the  bridge.  There are 257 water  access lots  listed.    If  interested in more  land data, just let me  know.

And again, please  tell me how I can help you or anyone you know with Real Estate  here at beautiful Smith Mountain Lake and the  entire  Roanoke  Valley region.   

My clients quickly become Friends.  I have  a proven record of going  above  and beyond for  all my buyers  and sellers.  Actively selling  Real Estate here at SML since 2006.   

Please note all data obtained from Roanoke  Valley MLS. Exact numbers subject to change as dates change when using last 12 months criteria.    Numbers have been  rounded to nearest whole.   

If you are  getting  auto updates to  our  Real Estate  market and  would like your search criteria updated, please give me a call or send me a note when it's  convenient for you.  If  you are  not getting automatic updates to our Real Estate  market, then  please tell me what  I can do to help make your home goals happen.   

Thank you for your time  and I look forward to seeing you in the near future.   

 

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 smithmtnlakeproperties.com

#Lakehomesforsale #SmithMountainLakeVARealEstate #SmithMountainLake #LakeRealtors #RealtorsSmithMountainLake #LakesinUS #Top10LakesinUS

Posted by

Edna  Jamieson

Realtor/ABR

Wainwright & Company Realtors

16503 Booker T. Washington Hwy.

Moneta, VA. 24121

 

Licensed in State of Virginia

Equal Housing Opportunity

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