Smith Mountain Lake Real Estate Market Update

Here is your monthly Smith Mountain Lake Real Estate Market Update for single-family homes, condos, townhomes and lots. Continue scrolling to see historical data as well as recent sales info on properties in SML’s most popular communities.

QUICK LINKS

Click a name below to quickly jump to the report for that community.

Bernard’s Landing

Boxwood Green

Bridgewater Pointe

Compass Cove

Deer Creek

Mariners Landing

Mountain View Shores

Park Place

The Boardwalk

The Waterfront Country Club

The Water’s Edge Country Club

Waverly

Westlake Pointe at Chestnut Creek

Information is based on active and pending properties as of Jan. 7, 2025, and closed activity in December 2024.

Waterfront Single Family Homes:

Active – 40 homes with an average list price of $1,601,401 and 3,830 sq. feet
Pending – 21 homes with an average list price of $1,319,352 and 3,418 sq. feet
Closed – 220 homes with an average sold price of $1,228,279 and 3,360 sq. feet
On average, homes sold at 97% of list price, and after 64 days on market.

Waterfront Condos and Townhomes:

Active – 11 properties with an average list price of $539,591 and 1,562 sq. feet
Pending – 5 properties with an average list price of $693,390 and 1,882 sq. feet
Closed – 90 properties with an average sold price of $540,866 and 1,590 sq. feet
On average, properties sold at 97% of list price, and after 48 days on market.

Waterfront Lots:

*Active – 91 lots with an average list price of $595,571
Pending – 7 lots with an average list price of $1,566,157
Closed – 96 lots with an average sold price of $360,486
On average lots sold at 92% of list price and after 284 days on market.

* <100K: 9 lots, 100 – 199K: 21 lots, 200 – 299K: 9 lots, 300 – 499K: 27 lots, 500K plus: 25 lots

Please contact us if you have questions or if you would like a market analysis completed on your Smith Mountain Lake property.

SML Waterfront Single Family Home Sales Comparison 2004-2024 (Bedford, Franklin, Pittsylvania counties)

Waterfront-Homes-12.2024

Smith Mountain Lake Waterfront Condo and Townhome Market Analysis

Condos-Townhomes-12.2024

Smith Mountain Lake Waterfront Lot Sales Market Analysis

Waterfront-Lots-12.2024

Smith Mountain Lake Water Access Lot Sales Market Analysis

Water-Access-Lots-12.2024

Bernard’s Landing Market Analysis

Bernards-Landing-12.2024

Learn more about Bernard’s Landing and view properties for sale.

Boxwood Green Market Analysis

Boxwood-Green-12.2024

Bridgewater Pointe Condos Market Analysis

Bridgewater-Pointe-12.2024

Compass Cove Market Analysis

Waterfront-Homes-12.2024

Smith Mountain Lake Waterfront Condo and Townhome Market Analysis

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Smith Mountain Lake Waterfront Lot Sales Market Analysis

Waterfront-Lots-12.2024

Smith Mountain Lake Water Access Lot Sales Market Analysis

Water-Access-Lots-12.2024

Bernard’s Landing Market Analysis

Bernards-Landing-12.2024

Learn more about Bernard’s Landing and view properties for sale.

Boxwood Green Market Analysis

Boxwood-Green-12.2024

Bridgewater Pointe Condos Market Analysis

Bridgewater-Pointe-12.2024

Compass Cove Market Analysis

Compass-Cove-11.2024

Deer Creek Market Analysis

Deer-Creek-12.2024

Mariners Landing Market Analysis

Mariners-Landing-12.2024

Learn more about Mariners Landing and view properties for sale.

Mountain View Shores Market Analysis

Mountain-View-Shores-12.2024

Learn more about Mountain View Shores and view properties for sale.

Park Place Market Analysis

Park-Place-12.2024

The Boardwalk Market Analysis

The-Boardwalk-12.2024

Learn more about The Boardwalk and view properties for sale.

The Waterfront Country Club Market Analysis

WFCC-12.2024

Learn more about The Waterfront Country Club and view properties for sale.

The Water’s Edge Country Club Market Analysis

The-Waters-Edge-12.2024

Vista Pointe Condos Market Analysis

Vista-Pointe-12.2024

Waverly Market Analysis

Waverly-12.2024

Learn more about Waverly and view properties for sale.

Westlake Pointe Market Analysis

Westlake-Pointe-12.2024

Learn more about Westlake Pointe / Chestnut Creek /Copper Cove Golf Club and view properties for sale.

Note: Copper Cove Golf Club used to be known as The Westlake Golf and Country Club.

Click here to begin your online custom search of Smith Mountain Lake MLS listings!

There’s no registration required to search and if you have questions about any properties you find or specific areas of this unique market, give Deb a call at 540.721.1488 to get the information you need.

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.
Your Smith Mountain Lake Broker/Realtor®, ABR, CLHMS, CRS, GRI, MCNE
6655 Scruggs Road, Moneta, VA 24121
Phone: 540.721.1488 | Cell: 540.529.4229 | Fax: 540.721.2198
dba Deb Beran Properties

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

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