February 2019 Market Report for Sevier County

February Market Report Homes for Sevier County

Sevier County Homes

275 homes sold in Sevier County during January and February of 2019.
276 homes sold during January and February of 2018.
Sales are flat.
Average price has increased by 24% and is up by $54,000.
Average price is $278,808.
Available Inventory is down 15%, but Volume up by 24%.

Gatlinburg

39 homes sold in Gatlinburg during January and February of 2019.
56 homes sold during January and February of 2018.
Sales are down by 30%.
Average price has increased by 43% and is up by $85,000.
Average price is $284,791.
Available Inventory is down 26%, and Volume down by 1%.

Pigeon Forge

56 homes sold in Pigeon Forge during January and February of 2019.
53 homes sold during January and February of 2018.
Sales are up 6%.
Average price has increased by 49% and is up by $119,000.
Average price is $365,167.
Available Inventory is down 23%, and Volume up by 57%.

Sevierville

84 homes sold in Sevierville during January and February of 2019.
78 homes sold during January and February of 2018.
Sales are up 8%.
Average price is flat to last year.
Average price is $235,781.
Available Inventory is down 11%,  and Volume up 8%.

Wears Valley

16 homes sold in Wears Valley during January and February of 2019.
15 homes sold during January and February of 2018.
Sales are up 7%.
Average price has increased by 13% and is up by $54,000.
Average price is $317,618.
Available Inventory is down 26%,  and Volume up 20%.

Douglas Lake

7 homes sold in Wears Valley during January and February of 2019.
7 homes sold during January and February of 2018.
Sales are flat to last year.
Average price has increased by 43% and is up by $72,000.
Average price is $239,857.
Available Inventory is up 4%,  and Volume up 43%.

market report for land in sevier county

Sevier County Lots

89 lots sold in Sevier County during January and February of 2019.
85 lots sold during January and February of 2018.
Sales are up by 5%.
Average price has increased by 10% and is up by $5,000.
Average price is $60,175.
Available Inventory is down 12%, but Volume up by 16%.

Gatlinburg

23 lots sold in Gatlinburg during January and February of 2019.
11 lots sold during January and February of 2018.
Sales are up by 92%.
Average price has decreased by 17% and is down by $8,000..
Average price is $43,173..
Available Inventory is up 3%, and Volume up by 59%.

Chalet Village

9 lots sold in Chalet Village during January and February of 2019.
10 lots sold during January and February of 2018.
Sales are down 10%.
Average price is down by 5%
Average price is $46,827.
Available Inventory is down 33%,  and Volume down 14%.

Pigeon Forge

14 lots sold in Pigeon Forge during January and February of 2019.
6 lots sold during January and February of 2018.
Sales are up 133%.
Average price has decreased by 60% and is down by $35,000..
Average price is $23,172.
Available Inventory is down 20%, and Volume down by 7%.

January 2019 Market Report

Sevier County Market Report for January 2019

January 2019 Market Report Homes

 

Sevier County Homes

129 homes sold in Sevier County in January of 2019.
145 homes sold in January of 2018.
Sales are down 11%.
Average price has increased by 26% and is up by $61,000.
Average price is $290,560.
Available Inventory is down 17%, but Volume up by 13%.

Gatlinburg

17 homes sold in Gatlinburg in January of 2019.
28 homes sold in January of 2018.
Sales are down by 39%.
Average price has increased by 49% and is up by $105,000.
Average price is $319,279.
Available Inventory is down 33%, and Volume down by 9%.

Pigeon Forge

26 homes sold in Pigeon Forge in January of 2019.
29 homes sold in January of 2018.
Sales are down 10%.
Average price has increased by 61% and is up by $147,000.
Average price is $389,310.
Available Inventory is down 32%, and Volume up by 44%.

Sevierville

37 homes sold in Sevierville in January of 2019.
39 homes sold in January of 2018.
Sales are down 5%.
Average price has increased by 6% and is up by $13,000.
Average price is $248,629.
Available Inventory is down 10%,  and Volume is flat.

Douglas Lake

3 homes sold on Douglas Lake in January of 2019.
6 homes sold in January of 2018.
Sales are down 50%.
Average price has increased by 11%, and is up by $17,000.
Average price is $183,333.
Available Inventory is up 2%, and Volume down by 45%.

Wears Valley

7 homes sold in Wears Valley in January of 2019.
10 homes sold in January of 2018.
Sales are down 30%.
Average price has decreased by 1% and is down by $4,000.
Average price is $300,142.
Available Inventory is down 27%, and Volume down by 31%.

Seymour

8 homes sold in Seymour in January of 2019.
10 homes sold in January of 2018.
Sales are down by 20%.
Average price has increased by 36% and is up by $70,000.
Average price is $266,137.
Available Inventory is up 5%, and Volume up by 9%

 

January 2019 Market Report - Lots

 

Sevier County Lots

34 lots sold in Sevier County in January of 2019.
32 lots sold in January of 2018.
Sales are up by 6%.
Average price has increased by 15% and is up by $10,000.
Average price is $78,947.
Available Inventory is down 14%, and Volume up by 22%.

Gatlinburg

8 lots sold in Gatlinburg in January of 2019.
5 lots sold in January of 2018.
Sales are up 60%.
Average price has decreased by 9% and is down by $2,000.
Average price is $25,062.
Available Inventory is down by 2%, and Volume up by 46%.

Chalet Village

4 lots sold in Chalet Village in January of 2019.
3 lots sold in January of 2018.
Sales are up 33%.
Average price has increased by 31% and is up by $49,000.
Average price is $52,475.
Available Inventory is down by 28%, and Volume up by 31%.

Pigeon Forge

1 lots sold in Pigeon Forge in January of 2019.
2 lots sold in January of 2018.
Sales are down by 50%.
Average price has decreased by 41% and is down by $37,000.
Average price is $55,000.
Available Inventory is down 16%, and Volume down by 70%.

Sevierville

6 lots sold in Sevierville in January of 2019.
9 lots sold in January of 2018.
Sales are down by 33%.
Average price has increased by 402% and is up by $109,000.
Average price is $238,333.
Available Inventory is down by 7%, and Volume up by 235%.
* A 90 acre lot sold for $914,000 this month.

Douglas Lake

No lots were sold on Douglas lake this month. 

Wears Valley

3 lots sold in Wears Valley in January of 2019.
2 lots sold in January of 2018.
Sales are down 50%.
Average price has increased by 19% and is up by $9,000.
Average price is $56,000.
Available Inventory is down 28%, and Volume up by 79%

You can find previous Market Reports here.

Home Inspection FAQ

After choosing your new home it is now time to take a look at the inner workings.

Insight Home Inspection Services, LLC

 

What is a home inspection?
A home inspection is an objective visual examination of the physical structure and systems of a house, from the roof to the foundation.

What does a home inspection include?
The standard home inspection report will cover the condition of the home’s heating system, central air conditioning system, interior plumbing and electrical systems, the roof, attic and visible insulation, walls, ceilings, floors, windows and doors, the foundation, basement / crawlspace and structural components.

The American Society of Home Inspectors (ASHI) publishes a Standards of Practice and Code of Ethics that outlines what you should expect to be covered in your home inspection report.

Why do I need a home inspection?
Buying a home could be the largest single investment you will ever make. To minimize unpleasant surprises and unexpected difficulties, you’ll want to learn as much as you can about the newly constructed or existing house before you buy it. A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep it in good shape. After the inspection, you will know more about the house, which will allow you to make decisions with confidence.

If you already are a homeowner, a home inspection can identify problems in the making and suggest preventive measures that might help you avoid costly future repairs.

If you are planning to sell your home, a home inspection can give you the opportunity to make repairs that will put the house in better selling condition.


Below are a few examples of common issues to beware of:

 

Foundation Cracks

 

 

 

 

 

 

Foundations cracks are generally a result of soil conditions. Some soils are affected differently  by moisture and or dry conditions which cause expansion or shrinking that will create an uplifting or lowering of the foundation footing and walls. Some obvious results of these factors are: crooked doorways, cracked or bowing walls, uneven floors and believe it or not even unusual smells and humidity. These smells are due to air passing through cracks from under the earth and the humidity is elevated due to soil moisture.

 

 

 

 

 

Termites when not detected and eliminated cause billions of dollars in damage every year. Termites can cause major structural damage that cannot be seen without proper training. In our area (Tennessee) we are battling subterranean termites. These termites travel through shelter / mud tubes which consist of soil and wood cemented together with saliva and feces. Subterranean termites cause more damage to homes in the U.S. than storms and fire combined.

 

Leaks/Mold

 

 

 

 

 

Leaks and moisture entry at any location can cause wood rot and mold. Mold when not detected can grow to the point of a severe health hazard. There are several different types of mold but the worst is Stachybotrys (black mold). Symptoms of black mold can be: coughing, itchy skin, sore throat, nosebleeds and much more. An in-depth inspection uses state of the art infrared cameras and moisture detecting devices that assist in locating temperature differentials and state of the art air quality testing machines that will gather air samples into a cartridge that is sent to a third party lab for evaluation. An air quality report can assist your doctor in determining possible health issues derived from mold related conditions.

 

Electrical Panel

 

 

 

 

 

 

It is important to have a properly wired house to prevent electrical shock and make sure we have power to plug in all of our electronics. But, did you know that an improper ground can damage our new phones, tablets, game consoles and much more? An in-depth inspection will bring these issues to light by way of removing the breaker panel cover, evaluating main and branch wiring, testing receptacles and ensuring that a proper sized supply is in place.

Thank you, Mark for providing this valuable information for us!
Follow Mark on Facebook here.

 

December Market Report for Sevier County

December Market Report for Sevier County

Sevier County Homes

December Market Report for Sevier County

 

2061 homes sold in Sevier County from January to December in 2018.
2177 homes sold in 2017.
Sales are down 5%.
Average price has increased by 10% and is up by $24,000.
Average price is $258,537.
Available Inventory is down 11%, but Volume up by 4%.

Check out the average price over the last half of the year!

Sevier County Homes Average Price

Gatlinburg

344 homes sold in Gatlinburg from January to December in 2018.
306 homes sold in 2017.
Sales are up by 12%.
Average price has increased by 12% and is up by $26,000.
Average price is $257,459.
Available Inventory is down 2%, and Volume up by 25%.

Pigeon Forge

389 homes sold in Pigeon Forge from January to December in 2018.
395 homes sold in 2017.
Sales are down 2%.
Average price has increased by 16% and is up by $40,000.
Average price is $288,024.
Available Inventory is down 17%, and Volume up by 15%.

Sevierville

606 homes sold in Sevierville from January to December in 2018.
641 homes sold in 2017.
Sales are down 5%.
Average price has increased by 13% and is up by $28,000.
Average price is $250,691.
Available Inventory is down 13%,  and Volume up by 7%.

Douglas Lake

59 homes sold on Douglas Lake from January to December in 2018.
64 homes sold in 2017.
Sales are down 8%.
Average price has increased by 6%, and is up by $17,000.
Average price is $310,672.
Available Inventory is down 9%, and Volume down by 2%.

Wears Valley

139 homes sold in Wears Valley from January to December in 2018.
177 homes sold in 2017.
Sales are down 21%.
Average price has increased by 11% and is up by $31,000.
Average price is $313,807.
Available Inventory is down 23%, and Volume down by 1%.

Sevier County Lots

December Market Report for Sevier County Lots

 

557 lots sold in Sevier County from January to December in 2018.
540 lots sold in 2017.
Sales are up by 3%.
Average price has decreased by 14% and is down by $8,000.
Average price is $53,578.
Available Inventory is down 3%, and Volume down by 11%.

Check out the average price over the last half of the year!

December Market Report for Land

Gatlinburg

108 lots sold in Gatlinburg from January to December in 2018.
119 lots sold in 2017.
Sales are down 9%.
Average price has increased by 4% and is up by $1,000.
Average price is $42,783.
Available Inventory is up by 7%, and Volume down by 5%.

Chalet Village

41 lots sold in Chalet Village from January to December in 2018.
35 lots sold in 2017.
Sales are up 17%.
Average price has increased by 6% and is up by $2,000.
Average price is $48,026.
Available Inventory is up by 5%, and Volume up by 25%.

Pigeon Forge

58 lots sold in Pigeon Forge from January to December in 2018.
49 lots sold in 2017.
Sales are up 18%.
Average price has decreased by 80% and is down by $171,000.
*Miller Way was closed for  $6M+ in December of 2017 and is an outlier to this data.
Average price is $43,081.
Available Inventory is down 2%, and Volume down by 76%.

Sevierville

128 lots sold in Sevierville from January to December in 2018.
119 lots sold in 2017.
Sales are up 8%.
Average price is flat to last year.
Average price is $51,939.
Available Inventory is down by 1%, and Volume up by 8%.

Douglas Lake

27 lots sold on Douglas Lake from January to December in 2018.
18 lots sold in 2017.
Sales are up 50%.
Average price has increased by 74% and is up by $48,000.
Average price is $112,607.
Available Inventory is up 1%, and Volume up by 161%.

Wears Valley

51 lots sold in Wears Valley from January to December in 2018.
61 lots sold in 2017.
Sales are down 16%.
Average price has increased by 49% and is up by $23,000.
Average price is $72,390.
Available Inventory is down 10%, and Volume up by 25%

You can find previous Market Reports here.

Market Report for November 2018

Sevier County Market Report for November 2018

Sevier County Homes

Market Report for November 2018

 

1945 homes sold in Sevier County from January to November in 2018.
2016 homes sold in 2017.
Sales are down 4%.
Average price has increased by 11% and is up by $26,000.
Average price is $258,661.Available Inventory is down 11%, but Volume up by 8%.

Check out the average price growth over the last few months!

Average Sales Price November 2018

Gatlinburg

324 homes sold in Gatlinburg from January to November in 2018.
280 homes sold in 2017.
Sales are up by 16%.
Average price has increased by 13% and is up by $30,000.
Average price is $257,483.
Available Inventory is down 3%, and Volume up by 31%.

Pigeon Forge

370 homes sold in Pigeon Forge from January to November in 2018.
371 homes sold in 2017.
Sales are flat.
Average price has increased by 18% and is up by $43,000.
Average price is $286,355.
Available Inventory is down 16%, and Volume up by 15%.

Sevierville

574 homes sold in Sevierville from January to November in 2018.
588 homes sold in 2017.
Sales are down 2%.
Average price has increased by 17% and is up by $37,000.
Average price is $252,561.
Available Inventory is down 13%,  and Volume up by 14%.

Douglas Lake

58 homes sold on Douglas Lake from January to November in 2018.
61 homes sold in 2017.
Sales are down 5%.
Average price has increased by 6%, and is up by $19,000.
Average price is $313,201.
Available Inventory is down 11%, and Volume up by 1%.

Wears Valley

130 homes sold in Wears Valley from January to November in 2018.
161 homes sold in 2017.
Sales are down 19%.
Average price has increased by 10% and is up by $28,000.
Average price is $310,386.
Available Inventory is down 23%, and Volume down by 11%.

Seymour

149 homes sold in Seymour from January to November in 2018.
150 homes sold in 2017.
Sales are down by 1%.
Average price has increased by 8% and is up by $15,000.
Average price is $210,932.
Available Inventory is up 2%, and Volume up by 7%

If you liked the Sevier County Market Report for November 2018 check out the previous months here.

 

Sevier County Lots

November Market Report Land

499 lots sold in Sevier County from January to November in 2018.
492 lots sold in 2017.
Sales are up by 1%.
Average price has increased by 9% and is up by $4,000.
Average price is $51,739.
Available Inventory is down 2%, and Volume up by 11%.

Gatlinburg

95 lots sold in Gatlinburg from January to November in 2018.
113 lots sold in 2017.
Sales are down 16%.
Average price has increased by 9% and is up by $3,000.
Average price is $40,564.
Available Inventory is up by 8%, and Volume down by 9%.

Chalet Village

37 lots sold in Chalet Village from January to November in 2018.
32 lots sold in 2017.
Sales are up 16%.
Average price has increased by 6% and is up by $2,000.
Average price is $48,881.
Available Inventory is up by 8%, and Volume up by 23%.

Pigeon Forge

56 lots sold in Pigeon Forge from January to November in 2018.
41 lots sold in 2017.
Sales are up 37%.
Average price has decreased by 43% and is down by $33,000.
Average price is $43,976.
Available Inventory is down 2%, and Volume down by 22%.

Sevierville

111 lots sold in Sevierville from January to November in 2018.
106 lots sold in 2017.
Sales are up 5%.
Average price has decreased by 3% and is down by $2,000.
Average price is $48,812.
Available Inventory is down by 1%, and Volume up by 1%.

Douglas Lake

26 lots sold on Douglas Lake from January to November in 2018.
15 lots sold in 2017.
Sales are up 73%.
Average price has increased by 90% and is up by $55,000.
Average price is $116,323.
Available Inventory is up 1%, but Volume up by 229%.

Wears Valley

49 lots sold in Wears Valley from January to November in 2018.
58 lots sold in 2017.
Sales are down 16%.
Average price has increased by 37% and is up by $18,000.
Average price is $65,344.
Available Inventory is down 9%, and Volume up by 16%

You can find previous Market Reports here.

Sevier County Market Report for October 2018

Sevier County Market Report for October 2018

Sevier County Market Report for October 2018

Sevier County Homes

1772 homes sold in Sevier County from January to October in 2018.
1858 homes sold in 2017.
Sales are down 5%.
Average price has increased by 12% and is up by $26,000.
Average price is $256,529.
Available Inventory is down 12%, but Volume up by 6%.

Check out the average price growth over the last few months!

Sevier County Market Report - October 2018 Average Sales Price graph

Gatlinburg

291 homes sold in Gatlinburg from January to October in 2018.
262 homes sold in 2017.
Sales are up by 11%.
Average price has increased by 17% and is up by $37,000.
Average price is $254,547.
Available Inventory is down 2%, and Volume up by 30%.

Pigeon Forge

333 homes sold in Pigeon Forge from January to October in 2018.
340 homes sold in 2017.
Sales are down 2%.
Average price has increased by 18% and is up by $43,000.
Average price is $287,685.
Available Inventory is down 18%, and Volume up by 15%.

Sevierville

529 homes sold in Sevierville from January to October in 2018.
540 homes sold in 2017.
Sales are down 2%.
Average price has increased by 15% and is up by $33,000.
Average price is $248,704.
Available Inventory is down 14%,  and Volume up by 13%.

Douglas Lake

51 homes sold on Douglas Lake from January to October in 2018.
56 homes sold in 2017.
Sales are down 9%.
Average price has decreased by less than 1%, and is down by $900
Average price is $288,758.
Available Inventory is down 11%, and Volume down by 9%.

Wears Valley

121 homes sold in Wears Valley from January to October in 2018.
150 homes sold in 2017.
Sales are down 19%.
Average price has increased by 8% and is up by $23,000.
Average price is $309,510.
Available Inventory is down 21%, and Volume down by 13%.

Seymour

139 homes sold in Seymour from January to October in 2018.
135 homes sold in 2017.
Sales are up 3%.
Average price has increased by 7% and is up by $13,000.
Average price is $210,000.
Available Inventory is up 1%, and Volume up by 10%

 

If you liked the Sevier County Market Report for October 2018 check out the previous months here.

Second Home FAQ

MIG Mountains Blog Header

 

Thinking of financing a second home or investment property in the Smokies? Here are some of the most frequently asked questions from our buyers purchasing their first vacation home:

1. What is the minimum amount I can put down?

For second home properties, our buyers can put as little as 10% down. If you are putting less than 20% down, there will be private mortgage insurance included in your monthly payment until your loan balance reaches 80% of the home’s original value. As of October 2018, the rates for mortgage insurance have remained as low as .30% annually (or $75/month for a $300k loan amount) for borrowers with good credit. Investment property loans require at least 15% down.

2. What do rates look like?

Like all correspondent lenders, we get new rates sheets every day when the market opens. We start with the base rate and add adjustments for loan size, loan term, down payment, and credit score when calculating a client’s rate. The good news is, at MIG the adjustments are the same for a second home as they are for a primary residence. Higher rates apply for investment property loans.

3. If rates are higher, why would I use the investment property product? What’s the difference?

Certain buyers are better suited for an investment product. This might include someone who:
* Requires future rental income from the property he or she is purchasing to qualify for the loan
* Already owns a second home in the Smokies
* Has no intention of using the home for personal use (this would include renting the property out on a long-term lease)
* Intends to use a property management company that will not give the owner control of when they can stay in the home.

4. Can I do overnight rentals if I use second home financing?

Yes! Just make sure that you maintain the ability to block out time for personal use. Black-out dates for peak seasons and holidays are a deal breaker.

5. I have decided that the second home product is best for me, but I noticed that my seller included language in our sales contract requiring me to use a specific management company. Will that cause any problems with my loan?

It could! If that language is present we will be required to review the management company’s contract to determine that you will be able to use the home for personal use at your discretion per second home guidelines.

6. What’s the minimum credit score needed to qualify?

The minimum credit score for investment and second home purchases is 620. If you are unsure of where you stand, give us a call and we can go over this with you. If you are short of qualifying, we may be able to increase your score within 7 business days!

7. Ok, I’m pre-qualified and I found my dream house. When can we close?

You and your seller will negotiate a closing date at the time your sales contract is signed, but most purchase and sale agreements set closing for about a month after the contract is bound. This allows time for you to collect and submit your credit documentation to us, the appraisal to be completed, and for title work to be completed.

MIG Mountains Blog Footer

Market Report for September 2018 – Sevier County

Below you will find the Sevier County Market Report for September 2018. 

 

Market Report for September 2018 - Sevier County

 

Sevier County Homes

1516 homes sold in Sevier County from January to September in 2018.
1808 homes sold in 2017.
Sales are down 16%.
Average price has increased by 9% and is up by $21,000.
Average price is $250,448.
Available Inventory is down 19%, but Volume only down by 8%.

Gatlinburg

253 homes sold in Gatlinburg from January to September in 2018.
262 homes sold in 2017.
Sales are down by 3%.
Average price has increased by 16% and is up by $34,000.
Average price is $251,510.
Available Inventory is down 10%, and Volume up by 12%.

Pigeon Forge

284 homes sold in Pigeon Forge from January to September in 2018.
311 homes sold in 2017.
Sales are down 14%.
Average price has increased by 13% and is up by $30,000.
Average price is $265,040.
Available Inventory is down 23%, and Volume down by 3%.

Sevierville

452 homes sold in Sevierville from January to September in 2018.
521 homes sold in 2017.
Sales are down 13%.
Average price has increased by 14% and is up by $29,000.
Average price is $244,366.
Available Inventory is down 20%, but Volume down by only 2%.

Douglas Lake

49 homes sold in Sevierville from January to September in 2018.
56 homes sold in 2017.
Sales are down 12%.
Average price has decreased by 4% and is down by $10,000.
Average price is $279,319.
Available Inventory is down 13%, and Volume down by 16%.

Wears Valley

101 homes sold in Wears Valley from January to September in 2018.
150 homes sold in 2017.
Sales are down 33%.
Average price has increased by 8% and is up by $21,000.
Average price is $307,138.
Available Inventory is down 29%, and Volume down by 28%.

Seymour

129 homes sold in Seymour from January to September in 2018.
179 homes sold in 2017.
Sales are up 2%.
Average price has increased by 7% and is up by $13,000.
Average price is $212,430.
Available Inventory is down 5%, and Volume up by 9%

 

Market Report for September 2018 - Sevier County

Sevier County Lots

365 lots sold in Sevier County from January to September in 2018.
398 lots sold in 2017.
Sales are down by 8%.
Average price has increased by 12% and is up by $4,000.
Average price is $45,765.
Available Inventory is down 7%, and Volume up by 3%.

Gatlinburg

69 lots sold in Gatlinburg from January to September in 2018.
103 lots sold in 2017.
Sales are down 33%.
Average price has increased by 12% and is up by $4,000.
Average price is $39,849.
Available Inventory is down by 2%, and Volume down by 25%.

Chalet Village

28 lots sold in Chalet Village from January to September in 2018.
29 lots sold in 2017.
Sales are down 3%.
Average price has increased by 26% and is up by $11,000.
Average price is $55,539.
Available Inventory is up by 7%, and Volume up by 22%.

Pigeon Forge

51 lots sold in Pigeon Forge from January to September in 2018.
37 lots sold in 2017.
Sales are up 38%.
Average price has decreased by 29% and is down by $17,000.
Average price is $42,523.
Available Inventory is down 4%, and Volume down by 2%.

Sevierville

84 lots sold in Sevierville from January to September in 2018.
82 lots sold in 2017.
Sales are up 2%.
Average price has increased by 16% and is up by $5,000.
Average price is $39,390.
Available Inventory is down by 2%, and Volume up by 19%.

Douglas Lake

21 lots sold on Douglas Lake from January to September in 2018.
13 lots sold in 2017.
Sales are up 62%.
Average price has increased by 65% and is up by $38,000.
Average price is $97,995.
Available Inventory is down 1%, but Volume up by 166%.

Wears Valley

29 lots sold in Wears Valley from January to September in 2018.
46 lots sold in 2017.
Sales are down 37%.
Average price has increased by 6% and is up by $2,000.
Average price is $46,496.
Available Inventory is down 19%, and Volume down by 33%

 

You can find previous Market Reports here.

Market Report for August 2018 – Sevier County

 

 

Below you will find the Sevier County Market Report for August 2018.

 

 

Market Report for August 2018- Homes

 

Sevier County

1382 homes sold in Sevier County from January to August in 2018.
1619 homes sold in 2017.
Sales are down 15%.
Average price has increased by 8% and is up by $19,000.
Average price is $248,780.
Available Inventory is down 20%, but Volume only down by 7%.

 

Gatlinburg

241 homes sold in Gatlinburg from January to August in 2018.
238 homes sold in 2017.
Sales are up 1%.
Average price has increased by 15% and is up by $33,000.
Average price is $251,436
Available Inventory is down 10%, and Volume up by 17%.

 

Pigeon Forge

260 homes sold in Pigeon Forge from January to August in 2018.
284 homes sold in 2017.
Sales are down 8%.
Average price has increased by 11% and is up by $25,000.
Average price is $259,638.
Available Inventory is down 26%, and Volume up by 1%.

 

Sevierville

407 homes sold in Sevierville from January to August in 2018.
472 homes sold in 2017.
Sales are down 14%.
Average price has increased by 12% and is up by $25,000.
Average price is $243,025
Available Inventory is down 21%, but Volume down by only 4%.

 

Douglas Lake

43 homes sold in Sevierville from January to August in 2018.
48 homes sold in 2017.
Sales are down 10%.
Average price has decreased by 10% and is down by $31,000.
Average price is $271,580.
Available Inventory is down 14%, and Volume down by 20%.

Wears Valley

92 homes sold in Wears Valley from January to August in 2018.
138 homes sold in 2017.
Sales are down 33%.
Average price has increased by 6% and is up by $16,000.
Average price is $304,385.
Available Inventory is down 30%, and Volume down by the same.

 

Seymour

112 homes sold in Seymour from January to August in 2018.
110 homes sold in 2017.
Sales are up 2%.
Average price has increased by 6% and is up by $12,000.
Average price is $208,182.
Available Inventory is down 7%, and Volume up by 8%

 

Market Report for August 2018 - Lots

 

Sevier County

323 lots sold in Sevier County from January to August in 2018.
364 lots sold in 2017.
Sales are down by 11%.
Average price has increased by 11% and is up by $4,000.
Average price is $45,645.
Available Inventory is down 7%, and Volume down by 2%.

 

Gatlinburg

62 lots sold in Gatlinburg from January to August in 2018.
95 lots sold in 2017.
Sales are down 35%.
Average price has increased by 7% and is up by $2000.
Average price is $37,672.
Available Inventory is down by 1%, and Volume down by 30%.

Chalet Village

27 lots sold in Chalet Village from January to August in 2018.
24 lots sold in 2017.
Sales are up 12%.
Average price has increased by 46% and is up by $17,000.
Average price is $56,855.
Available Inventory is up by 6%, and Volume up by 64%.

Pigeon Forge

48 lots sold in Pigeon Forge from January to August in 2018.
37 lots sold in 2017.
Sales are up 30%.
Average price has decreased by 26% and is down by $15,000.
Average price is $44,379.
Available Inventory is down 4%, and Volume down by the same.

 

Sevierville

75 lots sold in Sevierville from January to August in 2018.
72 lots sold in 2017.
Sales are up 4%.
Average price has increased by 9% and is up by $3,000.
Average price is $39,417.
Available Inventory is up by 1%, and Volume up by 14%.

Douglas Lake 

16 lots sold on Douglas Lake from January to August in 2018.
13 lots sold in 2017.
Sales are up 23%.
Average price has increased by 74% and is up by $44,000.
Average price is $103,618.
Available Inventory is down 3%, but Volume up by 115%.

Wears Valley

24 lots sold in Wears Valley from January to August in 2018.
41 lots sold in 2017.
Sales are down 41%.
Average price has increased by 9% and is up by $3,000.
Average price is $47,433
Available Inventory is down 17%, and Volume down by 36%.

 

Check out previous Market Reports here.

Fun in the Fall!

Fun in the Fall

Hey ya’ll

The weather here the last few days has us dreaming of color changing leaves, cool weather, and pumpkin spice everything!

We were thinking about all the ways you can have fun in the fall in the Smokies and wanted to share a few with you!

Fun in the Fall in September

September 7th through November 25th – Smoky Mountain Harvest Festival 

Gatlinburg is rolling out all the stops with NEW seasonal decorations. Gatlinburg Harvest Festival will feature over the top fall decorations including new life-size, 3-dimensional Scarecrow people.

“We could not live in a more picturesque area for viewing Fall color,” says Mark Adams, Gatlinburg CVB CEO/President. “We want to capitalize on the seasonal beauty by extending our Harvest Festival to the end of November thus giving visitors more opportunities to experience Autumn in the Smokies.”

September 13th – Taste of Autumn

Gatlinburg’s annual Taste of Autumn will feature amazing music from one of America’s finest and most recognized Beatles tribute bands, Abbey Road Live! The evening’s entertainment will start off with the musical performance of Cannon Creek. Cannon Creek plays a variety of traditional, progressive and contemporary Bluegrass.

Tickets are on sale now!

Abbey Road LIVE! is not your typical Beatle look-alike tribute act; don’t expect mop-top haircuts and vintage Rickenbacker guitars. Rather, this show is about bringing to life some of the more mature and complex Beatles material in a raw & spirited fashion, while remaining true to the original recordings.”

September 21st through October 28th – OctOBERfest

OktOBERfest returns to its Gatlinburg-style roots with 38 days of merrymaking from September 21 through October 28, 2018 as the resort commemorates the 207th anniversary of the popular festival held in Munich, Germany. The Bavarian Fun Makers Band will perform traditional Bavarian folk dances, sing-a-longs, yodels and more! Special Oktoberfest Biers will be served along with traditional German wurst, schnitzel, sauerkraut, strudel, pretzels and more.

Fun in the Fall in October

October 4th through the 21st – Gatlinburg Craftmen’s Fair

From October 4 through 21, the Gatlinburg Convention Center blossoms into a multi-level mecca of the top craft people from all across the United States. A unique characteristic of the Gatlinburg Craftsmen’s Fair is the fact that artisans not only make their art available for viewing and sale, but also demonstrate their special talents and skills during this show,.

Tentative hours are 10 a.m. to 6 p.m. daily, 10 a.m. to 5 p.m. on Sundays. Music shows are scheduled at 12, 2 and 4 p.m. daily, 12 and 2 p.m. on Sundays.

Fun in the Fall in November

November 7th – Chili Cookoff

Offering mouth-watering recipes of homemade chili ranging from mild and delightful to wild and adventurous, the City of Gatlinburg hosts its annual Chili Cookoff on Wednesday, Nov. 7 from 5 to 8 p.m. in downtown.  Festival-goers will enjoy free, live entertainment offered throughout the event.