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Smith Mountain Lake Market Report

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Third Quarter Smith Mountain Lake market report

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Single family homes and condo sales are still ahead over last years data, however the momentum has slowed down since the first half of 2016.

For all categories, we are still on speed  for a nice increase in total number of sales over 2015.

Why autumn is awesome for listing your lake home

Pop quiz! When is the best time to list a home at Smith Mountain Lake?

While many assume traffic is highest in the spring and summer months – when lake recreation is at its peak and family vacations at Smith Mountain Lake are in full swing – autumn is historically the busiest time for lake-area real estate activity.

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If you look at the numbers, more home sales at Smith Mountain Lake close in August, September and October than any other time of year. Many buyers get serious in the fall, and after Labor Day is when real estate agents at Smith Mountain Lake get super busy – showing homes and writing offers.

Why is autumn so awesome at SML?

The lake quiets down. The humidity drops. The skies are clear and blue. And we have lots of great fall events at Smith Mountain Lake!

But those aren’t the only reasons fall is a great time to sell your home at Smith Mountain Lake. Inventory at SML is usually still good in autumn, which brings in serious buyers. And, in general, those looking to buy waterfront property at Smith Mountain Lake don’t have to worry about moving before the school year starts. They’re also often eager to seal the deal and get settled in before the holidays.

In addition, the fall foliage at Smith Mountain Lake provides a stunning backdrop for any house. And with tons of decorating ideas and opportunities to enhance curb appeal (mums and pumpkins, anyone?), you can have your home looking spectacular in no time. Need inspiration? Check out these tips to sell your house in the fall from the National Association of Realtors.

So, if you’ve been thinking about listing your Smith Mountain Lake home, contact me to set up an appointment. With my local expertise, I’ll create a strong marketing plan that will help you find the perfect buyer and negotiate a top purchasing price for your home.

Vicki

P.S. Debbie and I provide a quarterly report with statistics on the luxury home market at Smith Mountain Lake. Contact me by phone or email and I’ll get you signed up to start receiving free copies.