2020 Market Statistics For Pigeon Forge

2020 Year-End Real Estate Market Statistics specific to residential sales in Pigeon Forge

Average Price per Square Foot

Notice the spike in average price per square foot during March and September.
Average price stayed between $180 and $220 throughout the remainder of the year.

Pigeon Forge - Total Average Price
Pigeon Forge – Total Average Price
Pigeon Forge - Average Price Bedrooms 1-3
Pigeon Forge – Average Price Bedrooms 1-3

 

Pigeon Forge - Average Price Bedrooms 4-6
Pigeon Forge – Average Price Bedrooms 4-6
Pigeon Forge - Average Price Total and Bedrooms 1-6
Pigeon Forge – Average Price Total and Bedrooms 1-6

 

Days on Market

Days on market dipped from February to May and peaked during October and November.

Pigeon Forge - Days on Market Total
Pigeon Forge – Days on Market Total

 

Pigeon Forge - Days on Market (Bedroom 1-3)
Pigeon Forge – Days on Market (Bedroom 1-3)
Pigeon Forge - Days on Market (Bedroom 4-6)
Pigeon Forge – Days on Market (Bedroom 4-6)

 

Pigeon Forge - Days on Market (Total and Bedrooms 1-6)
Pigeon Forge – Days on Market (Total and Bedrooms 1-6)

2020 Year-End Real Estate Market Statistics specific to residential sales in Gatlinburg

Gatlinburg Information

Average Price

Despite the outlier in June – notice the increase during the 4th quarter.

Total Average Price - 2020 Year End Real Estate Gatlinburg
Total Average Price – 2020 Year End Real Estate Gatlinburg
Average Price (Bedrooms 1 -3) 2020 Year End Real Estate Gatlinburg
Average Price (Bedrooms 1 -3) 2020 Year End Real Estate Gatlinburg
Average Price (Bedrooms 4 -6) 2020 Year End Real Estate Gatlinburg
Average Price (Bedrooms 4 -6) 2020 Year End Real Estate Gatlinburg
Average Price ( Total and Bedrooms 1 -6) 2020 Year End Real Estate Gatlinburg
Average Price ( Total and Bedrooms 1 -6) 2020 Year End Real Estate Gatlinburg

 

Days on Market

Despite the outlier in July – days on market stayed relatively close to 100 days during 2020.

Total Days on Market - Gatlinburg
Total Days on Market – Gatlinburg
Days on Market (Bedroom 1-3)
Days on Market (Bedroom 1-3)
Days on Market (Bedroom 4-6)
Days on Market (Bedroom 4-6)
Days on Market - Total and Bedrooms 1-6
Days on Market – Total and Bedrooms 1-6

 

2020 Year-End Real Estate Market Statistics

Residential

Have a look at the year-end 2020 graphs below. It’s very interesting to look at the average price and days on market correlation over the last 4 years. Days on market is flat from 2019 to 2020, after a 20% decrease in both 2017 and 2018. While the average price continues to increase by 23% from 2019 to 2020, after an increase of 11% from 2018 to 2019, and a 10% increase from 2017-2018.

Average Price 2017 - 2020
Average Price 2017 – 2020

 

Days on Market 2017-2020
Days on Market 2017-2020

 

Single Family Homes – 2020

Single Family Homes Average Sales Price vs Average List Price
Single Family Homes Average Sales Price vs Average List Price
Single Family Homes - Days on Market
Single Family Homes – Days on Market
Single Family Home - Average Price Per Square Foot
Single Family Home – Average Price Per Square Foot

 

Condos – 2020

Condo - Average Sale vs Average List Price
Condo – Average Sale vs Average List Price
Condo - Days on Market
Condo – Days on Market

 

Condo - Average Price per Square Foot
Condo – Average Price per Square Foot

 

Land

Average land prices increased year over year from 2017 – 2020; 15% 2017 – 2018, 17% 2018 – 2019, and 16% 2019 – 2020.

Land - Average Price 2017 -2020
Land – Average Price 2017 -2020

 

Land - Sales Price vs Listing Price
Land – Sales Price vs Listing Price

 

Land - Days on Market
Land – Days on Market

 

A look forward

“Many experts are predicting another strong housing market in 2021. They are forecasting increased demand from buyers who delayed purchasing homes because of the pandemic; from existing homeowners who need larger spaces to accommodate parents working from home and children attending school virtually; and from condo owners who are seeking to escape multifamily buildings for single-family houses to mitigate exposure to the virus. The ability to tour homes and close on purchases virtually will make buying a home simpler in 2021.”

You can read the full Washington Post article here.

Check back with us here on the first Saturday of each month to get the latest Smoky Mountain Real Estate stats. 

*Note: statistics collected using the Bluff Mountain, Chalet Village, Cobbly Nob, Douglas Lake, Gatlinburg, Jones Cove, Kodak, New Center, Pigeon Forge, Pittman Center, Sevierville, Seymour, and Wears Valley areas.

December 2020 Market Statistics

Below is the market report for December. Next week we’ll share a year-end report. The year-end report will provide yearly graphs focusing on days on market and average price.

Residential

December 2020 Real Estate Market Statistics
December 2020 Real Estate Market Statistics

 

YTD 2020 Real Estate Market Statistics
YTD 2020 Real Estate Market Statistics

 

Land

December Land Real Estate Market Statistics
December Land Real Estate Market Statistics

 

Year to Date Land Real Estate Market Statistics
Year to Date Land Real Estate Market Statistics

November 2020 Market Report

Residential

Average price has risen by 24% and by approximately $75,000 year to date.

November 2020 Residential Real Estate Market Statistics
November 2020 Residential Real Estate Market Statistics
Year to Date Residential Real Estate Market Statistics
Year to Date Residential Real Estate Market Statistics

 

Land

Average price in Chalet Village is up by 22% month over month.

November 2020 Land Real Estate Market Statistics
November 2020 Land Real Estate Market Statistics

 

Year to Date Land Real Estate Market Statistics
Year to Date Land Real Estate Market Statistics

October Market Report

There have only been 19 more transactions from January to October in 2020 than during the same period of time in 2019. The volume for the year is up 116 Million dollars, raising the average price by 22%.

October 2020 Residential Real Estate Market Statistics
October 2020 Residential Real Estate Market Statistics

 

Year to Date Residential Real Estate Market Statistics
Year to Date Residential Real Estate Market Statistics

 

Land

The volume of land sold for the year is up by eight million dollars, October accounted for five million of that increase. So far this year, land values on Bluff Mountain have increased by 137% and increased by 46% in Wears Valley.

October 2020 Land Real Estate Market Statistics
October 2020 Land Real Estate Market Statistics

 

Year to Date Land Real Estate Market Statistics
Year to Date Land Real Estate Market Statistics

 

Sevier County, TN Real Estate Market Movement During September 2020

Below is information about our market’s movement during the month of September. Notice that average price continues to increase, +28% for single family homes and is flat for land, while we continue to decline in inventory.

“Pending home sales continued with upward momentum in August. According to the National Association of REALTORS® (NAR), pending home sales for the month marked four consecutive months of growth, with gains across all major regions in both month-over-month and year-over-year transactions.

NAR’s Pending Home Sales Index (PHSI) rose 8.8 percent to 132.8 in August, with YoY contract signings increasing 24.2 percent.”

You can read the full National Association of REALTORS® (NAR) article here. 

Prices are high and inventory is low, if you are think now might be the time to sell we’d love to help you determine the value of your property.

 

Residential

September 2020 Residential Real Estate Market Statistics
September 2020 Residential Real Estate Market Statistics

 

Year to Date Real Estate Market Statistics
Year to Date Real Estate Market Statistics

 

Land

September 2020 Residential Real Estate Market Statistics
September 2020 Residential Real Estate Market Statistics

 

Year to Date Residential Real Estate Market Statistics
Year to Date Residential Real Estate Market Statistics

Market Movement During August 2020

Below is information about our market’s movement during the month of August. Notice that average price continues to increase, +13% for single family homes and +5% for land, while we continue to decline in inventory.

Prices are high and inventory is low, if you are think now might be the time to sell we’d love to help you determine the value of your property.

August 2020 Residential Real Estate Market Statistics
August 2020 Residential Real Estate Market Statistics

 

August 2020 Land Real Estate Market Statistics
August 2020 Land Real Estate Market Statistics

 

Market Movement During July 2020

Below is information about our markets movement during the month of July. Notice that average price continues to increase, +24% for single family homes and +8% for land, while we continue to decline in inventory.

July 2020 Residential Real Estate Market Statistics
July 2020 Residential Real Estate Market Statistics

 

July 2020 Land Real Estate Market Statistics
July 2020 Land Real Estate Market Statistics

 

Here is information about year to date market movement.

July 2020 Residential Real Estate Market Statistics
July 2020 Residential Real Estate Market Statistics

 

Year to Date July 2020 Land Real Estate Market Statistics
Year to Date July 2020 Land Real Estate Market Statistics