The Real Estate Market Holds It’s Ground Through May

The Road To RecoverySo far in 2013 the news has been positive for both the local and National real estate market. As real estate affects the economy directly by creating jobs, spurring marketplace activity and more it is a breath of fresh air to see the recovery in process. Today we will take a look at the Sevier County, Tennessee statistics through May for single family homes.

Number of homes sold is slightly down with a decrease of 55 homes versus the same period last year.

Smoky Mountain Homes SoldWith the decrease in number of homes sold, total dollar volume was affected as well with a small decrease, inventory constrictions may be contributing to these numbers.

Total Sold VolumeGreat news for sellers! The average sold price continues to show gains over last year showing an 8% increase. As inventory continues to shrink prices will continue to get a boost.

Average Sold Price

The number of available homes is down 4% from last year. This will continue to help prices however now may be a good time to think about getting a free price analysis to determine if it is the right time to sell.

Available InventoryAlthough inventory is down there is still a wide variety of properties to choose from. As prices continue their steady rise now is the time to get started on making your dream of owning a Smoky Mountain home a reality. We invite you to visit our website and begin the search.

Here Are A Few Of My Featured Listings:

Perfect Country Cabin Over $21,000 gross rental income in 2011 & 2012! Perfect country cabin for a romantic get-away. Great rental history and tidy condition make this an easy choice. Type: Single Family Home Location: Pigeon Forge Price: $129,900 Get more information >
Custom Built Dream Home This is a well built custom one owner home on a 3/4 acre level corner lot with mountain views of the Great Smoky Mountains National Park. Type: Single Family Home Location: Cosby Price: $239,900 Get more information >
Rustic Log Cabin W/Amazing Views! Authentic & rustic log cabin with breathtaking mountain views. Located in desirable Chalet Village, this cabin is just minutes from Ober Gatlinburg Ski Resort and downtown Gatlinburg. Type: Single Family Home Location: Chalet Village Price: $139,900 Get more

 

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