Smith Mountain Lake Real Estate Market Update

Here is your January 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 Jan. 9 2020, and closed activity in January through December 2019.

Single Family Homes:

• Active – 153 homes with an average list price of $995,504 and 3,789 sq. feet
• Pending – 27 homes with an average list price of $847,591 and 3,568 sq. feet
• Closed – 285 homes with an average sold price of $610,124 and 3,165 sq. feet

Condos and Townhomes:

• Active – 55 properties with an average list price of $363,523 and 1,749 sq. feet
• Pending – 6 properties with an average list price of $296,077 and 1,677 sq. feet
• Closed – 119 properties with an average sold price of $303,551 and 1,688 sq.
  feet

Lots:

• Active – 220* lots with an average list price of $255,757
• Pending – 13 lots with an average list price of $238,646
• Closed – 68 lots with an average sold price of $213,512

*Active lots breakdown: <100K – 33 lots, 100 – 199K – 77 lots, 200 – 299K – 65 lots, 300 – 499K – 32 lots, 500K plus – 13 lots

SML Waterfront Single Family Home Sales Comparison 2004-2019
(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.