Smith Mountain Lake Market Report | Smith Mountain Lake Real Estate – Debbie Shelton

Smith Mountain Lake Market Report

The market at Smith Mountain Lake continues to improve in the waterfront home sector.  More buyers are coming into the market and the average sold price is just slightly higher.  The strongest part of the season is just getting started so if you are thinking about buying, now’s the time.  Inventory has stayed high as sellers who have been waiting are steadily coming on the market, so it’s still technically still a “buyers market”, but be ready to act as new, appropriately priced homes don’t stay on the market long.  If you are thinking about selling, don’t miss getting out there during this busy time of year.  Off water homes and condos & townhouses are still challenging for sellers, and the sales of water front lots is still the weakest part of the market with high inventory and continued price pressure.  Call me for complete details!