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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for March 2026. *
* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.
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Information and statistics on the latest trends in the Lake Smith Terrace real estate market, updated for March 2026. *
The typical home value in Lake Smith Terrace is projected to be $568,380 for the month of February. January’s finalized data reported the typical value of a home in the neighborhood to be $549,750—up 5.72% over the previous 12 months. For comparison, city-level data pegged home values at $399,990 in Virginia Beach for the most recent reporting period. That number is expected to float around $399,990 in February.
Lake Smith Terrace had 6 new listings and 5 listings that went under contract in January, decreasing the area’s total available inventory to 2—down 60.0% from the previous month. Inventory is projected to have further decreased in February.
The median listing price for homes in Lake Smith Terrace fell 0.01% from December to January, bringing the current median listing price to $514,950. Based on projected data for February, listing prices may continue to fall.
The number of days that homes have been on the market prior to going under contract fell year-over-year. In January 2026, the median time for a listed property to go pending was 28.5 days, compared to 44 days in January 2025. However, in recent months the median number of days from listed to pending appears to be rising. That trend is predicted to have carried through to this February.
Market gauge is calculated based on the the number of active listings divided by home sales over the most recently available reporting period.
Lake Smith Terrace offers residents a welcoming, family-friendly atmosphere with tree-lined streets, easy access to parks and waterways, convenient nearby schools and shops, a strong sense of community, and a peaceful, safe place to call home.
Lake Smith Terrace offers a relaxed, practical lifestyle in Virginia Beach, where day-to-day routines revolve around the water, nearby parks, and easy access to city conveniences. Many homes enjoy views of Lake Smith itself, and residents often start the day walking dogs along quiet streets or launching a kayak from a nearby access point before commuting to central Virginia Beach or Norfolk.
Outdoor time is a big part of life here. The tree-lined shoreline and proximity to Lake Smith/Lake Lawson Natural Area make it easy to fish, paddle, or explore trails without leaving the neighborhood’s orbit. Families appreciate nearby schools such as Bayside High School and the programs at Bayside Recreation Center. Daily errands are straightforward, with grocery options and casual dining along Virginia Beach Boulevard and Independence Boulevard, plus quick connections to I 64 and I 264 for regional commutes.
On weekends, residents often branch out to the Virginia Beach Town Center for restaurants and entertainment or visit First Landing State Park for hiking and beach access, then return to the quieter, residential feel of Lake Smith Terrace.
Whether you are selling a long-time home by the lake or searching for a place that balances calm surroundings with everyday convenience, a knowledgeable local agent can make all the difference. Agent Pronto connects both buyers and sellers with the right Lake Smith Terrace expert to guide each step.
See why so many people rely on Agent Pronto to make their real estate journey a success.
“Thanks Ms. Debbie! You made the process a breeze and I appreciate your patience with all the questions of this first time homebuyer!”
“As a first-time homebuyer, working with Catherine was an amazing experience from start to finish. She was incredibly patient, knowledgeable, and always took the time to explain each step of the process in a way that made everything feel manageable and stress-free. Catherine was always responsive, professional, and truly had our best interests at heart. She made what could have been an overwhelming experience feel exciting and smooth. We couldn't have asked for a better person to guide us through our first home purchase and would highly recommend her to anyone-especially first-time buyers.”
“W gave William a 10 star., he exceeded his hard work in making everything happen. (Through the process of me & my family finding this beautiful home) !!! Always on top of everything ( which made a smooth success!! Sooooo thankful for him!!! I promise you will not not go wrong ( So give him a call today!! We thank you William!!! God Bless!!”
“Ms. Sara was amazing! Many problems arose during the sales process. Ms. Sara never let any of that set us back, she had a solution for everything. She responds in a timely manner and she exhausts every option possible. I never felt confused or upset throughout the process because she made it as smooth as she possibly could.”
“Our previous agent insisted that we find a different agent who was more familiar with the Hampton roads area after spending almost 3 months on the market. Rhodonna was highly recommended to us by a family friend, we heard so many great stories about her working hard on the buying and selling side. Once we were dropped by our previous agent, we then decided to reach out to Rhodonna and she agreed to represent us with no hesitation. She came in immediately casting vision for the staging of the home, targeting of potential buyers, and ensuring that we would walk away from the table satisfied. She fully agreed with us on our desirable outcome and worked very hard until it was done. In about 1 month, despite a tough market, Rhodonna had us under contract. Her follow up and follow through with the potential buyers that ended up purchasing our home was very professional and ideal for desired representation in an agent. We highly recommended Rhodonna! Hard worker, master negotiator, & closer!!”
“Our realtor Jessica Estrada is top-notch - she goes above and beyond in everything she does. She showed up numerous times to help our property be ready to sell and did whatever it took. Our house sold within two months due to her ads and persistence. Because of her, our house closed on time. She is knowledgeable, experienced, professional, and teaches others in her group. We are so thankful for Jessica.”
“Deb Kelly did a fantastic job!”
“Kimberly and Holly were very personable and professional. They were very informative. They guided us through this cumbersome and tedious process. They both were great to work with and kept us abreast with what we needed to do to sell our home. We are most grateful to work with them. They know what it takes to sell a house!”
“Mark was a great person to work with. I found him to have a high level of integrity and I would not hesitate to recommend Mark or use him again if conditions warranted. Mark was a pleasure to work with and I feel that he placed my requirements above his, a wonderful representation of a professional realtor and individual. Highly recommended!!”
“Because I was trying to do a long distance short sale, I needed someone who really knew what they were doing. I was given the name and number of Colin. He took on the challenge and a little over two years later, we finally closed. If you have done a short sale before, it is a very trying ordeal! Colin took good care of the house, had repairs done, and always had clients waiting in line with a new contract. I believe it was the 5th contract and a lot of patience that got us to closing.”
There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Lake Smith Terrace. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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