Why Resort-Style Communities Are Drawing Buyers to Smith Mountain Lake
Wednesday, May 6th, 2026
Gretchen Tipps
Luxury communities at Smith Mountain Lake continue to evolve as buyers look for more than just a waterfront address.
There’s a trend taking hold in real estate right now: more buyers are choosing newly built homes. And it’s not just about getting the latest technology or modern floorplans. It’s because they may be able to get a better deal.
Builders are offering serious incentives today, and people are jumping on them. In fact, new home sales just hit their highest level in over two years (see graph below):
Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why.