Monday, October 13, 2008

The Real Estate Market on Lewis Smith Lake in 2008

For those of you who have been following the real estate market around the country, I think you will be pleasantly surprised that sales of waterfront property on Lewis Smith Lake in northern Alabama remain strong. With the downfall of the stock market, many consumers choose to invest their money into other assets such as real estate. Smith Lake does have an excess of inventory at the moment which in turn makes it a great time to take advantage of some of these homes, lots, or condos for sale. Most sellers understand the current market conditions and are willing to negotiate to some extent. Smith Lake by no means has an excess amount of foreclosures or short sales, yet has many motivated sellers willing to move their Smith Lake property as soon as possible.

Smith Lake property values continue to increase despite the economy being depressed. Homes on Smith Lake are being purchased from people all over the country. I receive calls each day from people all over the world who are inquiring about Smith Lake and what it has to offer. Smith Lake prices are still behind other lakes in the Southeast, making Smith Lake a great place to invest for the future. The same lot or home on other lakes in the South could be double the price! I do feel this will change within the next 5 years as the values continue to climb on Smith Lake. Most buyers I work with really enjoy the small town atmosphere of Smith Lake and enjoy the laidback lifestyle this area has to offer. If you want to see the current properties on Smith Lake for sale, visit my up to date Smith Lake Website.

The property taxes on Smith Lake are low, the temperature is comfortable year round, and the Southern charm of Smith Lake continues to attract people from all over the country.

If you are cashing out of the stock market, cash in to property on Smith Lake!

To learn more about Smith Lake, please visit my Smith Lake Information Page:

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