The Smith Mountain Lake Real Estate Market
Curious about the Smith Mountain Lake Real Estate market?
Overall, 2016 is showing yet another year of growth and improvement. In both waterfront homes and water access homes, there was a 14% increase in total sales over 2015.
There continues to be a tremendous amount of pricing pressure on waterfront lots. With 5 years worth of inventory at the current absorption rate, sellers must remember that buyers have much to chose from and building rates continue to be higher than purchasing an existing home. Sellers must price competitively and aggressively.
Are you thinking about buying or selling here at Smith Mountain Lake?
I’d love the opportunity to be interviewed by you!