Smith Mountain Lake Real Estate Market Update

Here is your May 2020  Smith Mountain Lake Real Estate Market Update for waterfront single family homes, condos, townhomes and lots.

Information is based on active and pending properties as of May 6, 2020, and closed activity through April  2020.

Single Family Homes:

• Active – 147 homes with an average list price of $998,404 and 3,815 sq. feet
• Pending – 37 homes with an average list price of $696,830 and 3,257 sq. feet
• Closed – 76 homes with an average sold price of $661,363 and 3,120 sq. feet

On average, homes sold at 95% of list price, and after 219 days on market

Condos and Townhomes:

• Active – 58 properties with an average list price of $337,461 and 1,752 sq. feet
• Pending – 15 properties with an average list price of $256,430 and 1,195 sq. feet
• Closed – 36 properties with an average sold price of $314,976 and 1,551 sq. feet

On average, properties sold at 96% of list price, and after 206 days on market

Lots:

• Active – 230* lots with an average list price of $260,291
• Pending – 13 lots with an average list price of $189,799
• Closed – 21 lots with an average sold price of $216,202

*Active lots breakdown: * <100K – 34 lots, 100 – 199K – 86 lots, 200 – 299K – 58 lots, 300 – 499K – 36 lots, 500K plus – 16 lots

SML Waterfront Single Family Home Sales Comparison 2004-2020
(Bedford, Franklin, Pittsylvania counties)

Bernard’s Landing Condo and Townhome Sales Comparison 2004-2019

Please contact me should you have any questions or if you would like an SML real estate market analysis completed on your property. I love referrals so if you know of anyone buying or selling please pass my name along to them or send me their contact information. I will take great care of them!
Deb

Deborah F. Beran, Inc. Associate Broker
RE/MAX Lakefront Realty, Inc. 6655 Scruggs Road, Moneta, Virginia 24121
Office: 540-721-1488

Information deemed reliable but do not guarantee the accuracy of the data. This data was gathered from RVAR, NAR and KCM.