Penhook home for sale Archives | Smith Mountain Lake Real Estate – Debbie Shelton

Archive for Penhook home for sale

Before this hits the MLS…

257 Morgans Mill Drive

On Sale!
257 Morgans Mill Drive, Penhook VA

This property offered for 90 days only at $100,000 below appraised value. Donald Gardner Craftsman Style home in The Water’s Edge at Smith Mountain Lake. Exceptional quality, style and attention to detail in this elegant home. Nestled in the trees, down a quiet street, you’ll feel like you’ve escaped to your private retreat. Complete floor plans, professional photographs and details available. Waterfront dock, just steps away, also available for lease.

Bedrooms: 4 | Bathrooms: 3
2800 sq. ft. on .70 acres | Year Built: 2006






Contact me today for more information! (540)-797-3177

SML Market Report- Quarter One 2015


Spring has sprung here at the lake as we get ready for the upcoming Historic Garden Week of Virginia taking place at Smith Mountain Lake on April 24th. The springtime color has been gracing yards around the area, and many (myself included) have gotten the gardening bug. Aside from the spring flowers, the local real estate market is in full bloom as well.

Real Estate Tips for the Smith Mountain Lake Market:
Buyers- Prepare for prices to remain steady while enjoying a large selection of inventory throughout all market segments. Figure out your want’s in a home as you don’t have to settle! The only thing that is pressing is the threat of interest rates rising at some point in 2015 if predictions are correct.

Sellers- Pricing competitively is the key to separating yourself apart from the competition and getting your property sold in a timely manner. Buyers have many options, and an overpriced listing doesn’t put your property high on their short list. Be prepared to make a deal if you want to sell.

Get the 2015 Quarter One Market Report Today!

You don’t want to miss out on the First Quarter of 2015 Market Report. Each and every month (and quarter) my team and I sit down and draft up local Smith Mountain Lake market reports. These reports include all of the details that you need to know as a buyer or seller in the market with all types of properties outlined in the report. Simply click on the link below to gain full access to this comprehensive quarterly report.

Now’s the time to buy! Contact me to start your property search at Smith Mountain Lake no matter what your budget is I am confident that we can find the perfect property for you. Sellers, if you are looking to set yourself apart from the competition then please consider my services as my comprehensive marketing plan will ensure that your property garners the attention that it deserves.

Market Report- November


I have some big news to report as we have surpassed waterfront home sales levels in 2014 for the same period from 2013. This year has been a great year in the local Smith Mountain Lake real estate market and below are just a few of the many highlights:

•    From January through October 2013, 161 waterfront homes were sold, for the same period this year we have seen 168 homes sold.
•    There are 33 pending sales currently and 326 active listings on the market as I write this. The average days on market for this year has been 296 days with an average sales price of $567,679, both of these numbers show no real change to other months. [see chart at the bottom of this post]
•    With only a month and a half to go in 2014 I am projecting that we will end the year with slightly higher sales levels than last year. Up until now the sales levels have kept a steady pace with last year and have finally jumped ahead.

Inventory and Sales Levels Keeping Pace

Inventory levels have slightly declined because some sellers are choosing to take their home off the market over the holiday season and winter months. These sellers will most likely return the listing to the market come spring when the weather turns warm, and the real estate market heats back up.

•    Water access homes have also seen an increase in the level of sales as well. While the average selling price and days on market are consistent with 2013 year-to-date numbers.
•    A relatively flat market exists for condos and townhomes as we are seeing numbers on track with those from 2013, this year we are only slightly ahead on the number of sales.
•    Waterfront lots have seen a fairly good improvement in the number of properties sold compared to last year; currently 62 sold this year to date versus 47 sold for the same period last year.  [see chart at the bottom of this post]

2014 Could Be A Record Year For Local Real Estate!

2013 was the best year on record since 2006, and I predict that 2014 may just be able to take over the title of the ‘best year on record since 2006’. Local real estate prices have remained steady, and the Smith Mountain Lake area continues to attract buyers. While these last few months of year are traditionally ‘quieter’ in the real estate market, this year we are still busy with buyers and sellers in the market.

Smith Mountain Lake offers so much for residents! From the community, lifestyle, recreational opportunities and much more, home buyers are drawn here. Contact me if you are thinking about buying or selling real estate at Smith Mountain Lake.

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