LUXURY RESIDENTIAL MARKETS
The Luxury Market Report is your guide to luxury real estate market data and trends for North America
Produced monthly by The Institute for Luxury Home Marketing, this report provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends.
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The Luxury Market Report is a monthly analysis provided by The Institute for Luxury Home Marketing. Luxury benchmark prices are determined by The Institute. This active and sold data has been provided by REAL Marketing, who has compiled the data through various sources, including local MLS boards, local tax records and Realtor.com. Data is deemed reliable to the best of our knowledge, but is not guaranteed.
SMITH MOUNTAIN LAKE VIRGINIA
SMITH MOUNTAIN LAKE SINGLE
- FAMILY HOMES
LUXURY INVENTORY VS. SALES | JUNE 2026
$4,000,000+
$3,100,000 - $3,399,999
$2,800,000 - $3,099,999
$2,500,000 - $2,799,999
$2,200,000 - $2,499,999
$1,900,000 - $2,199,999
$1,600,000
$1,400,000
$1,000,000 - $1,099,999
$870,000 - $999,999
SMITH MOUNTAIN LAKE SINGLE
• The single-family luxury market is a Seller's Market with a 30% Sales Ratio • Homes sold for a median of 98.82% of list price in June 2026. • The most active price bands are $3,100,000-$3,399,999 and $4,000,000+, where the sales ratio is 100%. • The median luxury sales price for single-family homes is $1,400,000. • The median days on market for June 2026 was 10 days, up from 6 in June 2025.