The Lake market proved to be a bit interesting in 2009 as very few homes or lots were Sold. Claytor should start seeing pricing that is more realistic, or the properties will sit with little to no activity.

In the last few years Claytor enjoyed exponential growth in pricing and then someone turned off the faucet and the bucket went dry - pricing had become too high for the older homes on this small, but beautiful lake.

Understanding the lake market at Claytor is critical to saving you time, money, and heartache.

Here are some general guidelines for Housing at Claytor:
1. You may be able to find a small waterfront cabin that would be a fixer upper under $200,000. Although, very few have entered the market in the last few years. We should start seeing homes around 250k that are in good shape. The lake market has changed so much, that I'm not sure how to price these properties any more! If anyone tells you otherwise, then I would ask a lot of questions. Things will obviously change for the better, let's just hope it's soon, so that you may get the home of your choice. Footnote: by no means am I being negative with the lake market, I'm just being realistic - in this economy/market, we need realism and not the phony BS that got us here in the first place.

2. Finding a 2000 sqft home with 3 bedrooms and 2 baths with waterfront is virtually impossible under $350,000. (most of these homes will be in the high 400's to well over 500k, and even higher in the 6's, depending on age etc..) NOTE: As of this writing on June 7, 2010, I am starting to believe that we will see some drastic changes in pricing as the market in 2010 has been a bit slow, did I mention, a bit slow?

3. Over half the homes at Claytor are considered second homes; therefore, many owners are just not motivated - if they can't get their 'lottery price' then the properties will sit for extended periods of time. Even the homes that are considered primary have the 'lottery' syndrome. Many are beginning to see that Claytor is not our own private Powerball Game in Southwest Virginia. The buyer's in today's market are rightfully demanding more for their dollar.

4. Friends of Claytor Lake are one of your best resources at Claytor Lake - a link to the left is labeled "FOCL" for your convenience.

5. Land/Lots are hard to come by on this great Lake - if you find a lot, or a piece of land that is large enough for a home, and bungee cords are NOT required to get the lake, then I would suggest some research in a timely manner. When it comes to land, make sure you utilize someone with lake knowledge to assist you with purchasing. Septic systems, sand bars, coves collecting floating debris, and general water depths, are all items which should be high on your list of learning prior to purchasing.

6. SEPTIC SYSTEMS - BE AWARE AT CLAYTOR LAKE - do your homework by getting records from the owner and/or the local Health Department (540)994-5037. Some of the homes built back in the 50's, 60's, and 70's, or later, may not have approved systems. The Health Department in Pulaski County is great to work with at Claytor Lake.

I hope the information above is helpful, always feel free to send an email with your questions, and I will do what I can to assist you. Now, please keep reading below!

HOUSE HUNTER SERVICE

You now have the opportunity to receive NEW Claytor Lake listings the moment they come on the market from The Claytor Lake House Hunter Service! The Technology is FREE, and as always, there is Absolutely No Obligation to purchase.

If you sign up today, you will receive these listings before some real estate agents even know they are on the market! No kidding! Just keep checking your email.

Once you sign up for The Free House Hunter Service, you will begin receiving new listings within minutes of coming on the market. You will receive an email for each listing that is entered by any of the 600+ Realtors in the New River Valley who may list property on Claytor Lake.

Just think no more missing the New Claytor Lake Listings!

Of course, The Claytor Lake House Hunter Service comes with a No Hassle, No Obligation, & No Pressure Guarantee - Cancel Anytime! No Questions Asked!

Signing up for House Hunter Service is easy!

Your information will be kept confidential and will not be sold (or given away)!