The Smoky Mountain Real Estate Market Is Heating Up

As we look at the statistics for single family homes in Sevier County through the end of May we are met with positive news in several categories. Buyer activity in the market continues to be strong, distressed properties are closing and disappearing from the market and higher priced homes are starting to move. Let’s take a look at what the numbers have to say.

2012 continues to stay ahead of last year in the category of Total Residences Sold. With a difference of 21% or 94 more homes than the same period last year there is no doubt that the market is active.

May gave 2012 some momentum and overtakes 2011 with a 4% increase in the Total Dollar Volume Sold category. This is an increase of just over $3,000,000 in real estate sold.

The Average Sold Price is the only category that is still not ahead of 2011, showing a 14% decrease. This can be attributed to the continued liquidation of distressed homes and as the year continues we can expect to see this number looking more positive as well.

In the last category of Average Days On Market we continue to see signs that we are in an active and improving market as we see the time on the market decrease by 9% vs. last year.

If you have been thinking of putting your Smoky Mountain property on the market now is a great time to get a free market analysis and measure what the market may have to offer. Properties are certainly moving and buyers are continuing to stream in to the market. Thinking of purchasing? There are still several great deals available and a wide variety of properties to choose from. Why not take a look at our website and see if your dream property is waiting for you here in the Smoky Mountains?

Here Are A Few Of My Featured Listings:

Consistent $$$ Maker At A Great Price!! CONSISTENTLY RENTED OVER 200 DAYS PER YEAR FOR THE PAST FOUR YEARS, WITH REVENUE RANGING FROM $38,000-$41,000! Wonderful and spacious 3-level cabin tucked away in Gatlinburg and only a short drive to the Great Smoky Mountains National Park! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $250,000 Get more information >

 

Simply Unforgettable Over $20,000 in rental income for both 2010 & 2011! Located near Roaring Fork Motor Nature Trail this charming log cabin is sure to please. Beautiful wooded setting, very private and serene. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $199,900 Get more information >

 

Updated & Mountain Views Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views. Type: Single Family Home Location: Chalet Village Price: $219,900 Get more information >

 

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