Would you ever buy a haunted home?

A new survey from Realtor.com shows most folks won’t shy away from a spooky space–so long as the price is right.

In September, Realtor.com surveyed more than 1,000 online respondents. The verdict? Thirty-three percent were open to living in a haunted house, 25 percent might be, and 42 percent are not open to the idea.

What factors impacted these results? Let’s explore:

  • 40 percent of respondents indicated that they need a price reduction in order to choose a haunted home over a non-haunted home;
  • 35 percent require a better neighborhood;
  • 32 percent need larger square footage;
  • and 29 percent would do so if more bedrooms are involved.

Who minds a few spooky spirits if there’s a third bedroom?   From the survey, 47 percent of participants indicate they would live in a home where someone died, 27 percent said they might, and 26 percent said they would not.

The survey also showed certain paranormal activities are preferred over others. Forty-eight percent of those surveyed didn’t mind a few cold or hot spots in their home, whereas 45 percent could get down with unexplained noises, and 39 percent are willing to tolerate strange, freaky feelings in certain rooms. Thirty-five percent of folks could deal with shifting shadows, but only twenty percent were alright with levitating objects or the sensation of being touched.

Of those surveyed, 28 percent believed they already have lived in a haunted house, with 14 percent unsure and 58 percent quite sure they’ve never been haunted.

 

Featured Listing:

This lot was issued a 5 bedroom septic permit, which is increasingly rare. Great opportunity to build a 5 bedroom vacation rental cabin.   Located in very desirable Pinnacle Vista subdivision in Pittman Center.

Don’t miss OktOBERfest!

                Enjoy Oktoberfest in Ober, Gatlinburg though Oct. 29th

OktOBERfest is being celebrated with Gatlinburg-style roots of merrymaking from September 22 through October 29th.  Ober Gatlinburg Ski Resort commemorates the 207th anniversary of the popular festival held in Munich, Germany.

One of the highlights of OktOBERfest is the food.  Most of the food is German inspired and is derived from recipes and cuisine from traditional Bavarian festivals.  Cuisine includes but is not limited to schnitzel, bratwurst, strudel, turkey legs, pretzels and sauerkraut.  During this month-long celebration, along with multiple daily shows, the Seasons Of Ober Restaurant switches to their OktOBERfest menu.  Special Oktoberfest Biers will be served including several local favorites.  If German food isn’t for you, there are other eateries on site that will offer meals suited to your taste and overall budget.

And, of course, along with great memories, you’ll want to take home souvenirs of this month-long celebration. They have a wide variety of OktOBERfest  souvenir apparel, gifts and accessories available in the outdoor vendor tent.  Inside the mall, you’ll also want to check out the retail shops… most especially the unique and specific  Beer Necessities kiosk,  which provides an eclectic selection of gifts and accessories for the true beer aficionado.

Enjoy the Bier Garten!
An Outdoor Bier Garten is open for beer sampling for festival-goers who are 21 and over. Different featured breweries will be included each weekend, with a company representative from each of these present on Saturdays.

 

Along with the authentic German cuisine and beer, you can also look forward to outdoor games and the Bavarian Fun Makers Oompah Band.  The band dresses in authentic lederhosen while performing traditional Bavarian folk dances, oompah music, sing-a-longs, yodels, and more!

 

Featured Listings

Three Charmers Near Ober:

Beautifully crafted 2 BD/1.5 BA, 1,400+ sq ft, mountain chalet.  Ideally suited as a permanent or 2nd home, or as an overnight rental.   More Info

2220 St. Moritz Court , Gatlinburg, TN 37738   $219,900  ID#: 211874

1 BD/2 BA, 1,350+ sq ft, contemporary-style mountain chalet. Spectacular mountain & city views.  Currently on a well-established rental program.  More Info

 1536 Zurich Road   Gatlinburg, TN 37738
$215,000     ID#: 208705
3 BD/2 BA, 1,600+ sq ft mountain chalet with amazing mountain & city views.  Ideal as a permanent or 2nd home, or as an overnight rental.   More info

 

College debt affecting housing market

College debt is having a compounding effect on how millennials perceive and plan for home ownership.

Eighty-three percent of millennials in a recently released report by the National Association of REALTORS® (NAR) say they are delaying their home-buying plans by a median seven years as a result of their student loan debt. Twenty percent of the millennials surveyed in the study are homeowners; 80 percent are not. The typical millennial homeowner is burdened by $41,200 in student debt, and earning $38,800 annually.

Home ownership is not the only casualty of student debt—millennials are also postponing career changes, children, marriage and retirement savings, the study shows.

“The tens of thousands of dollars many millennials needed to borrow to earn a college degree have come at a financial and emotional cost that’s influencing millennials’ housing choices and other major life decisions,” says Lawrence Yun, chief economist at NAR. “Sales to first-time buyers have been underwhelming for several years now, and this survey indicates student debt is a big part of the blame. Even a large majority of older millennials and those with higher incomes say they’re being forced to delay home ownership because they can’t save for a down payment and don’t feel financially secure enough to buy.

“A scenario where only those with minimal or no student debt can afford to buy a home and save for retirement is not an ideal situation and is one that weakens the economy and contributes to widening inequality,” Yun says.

Millennial homeowners are doubly pressured, unable to sell and trade-up due to their student debt. At the entry level, the inability to move keeps valuable inventory off-market, worsening already scarce supply in the tier.
“Millennial homeowners who can’t afford to trade up because of their student debt end up staying put, which slows the turnover in the housing market and exacerbates the low supply levels and affordability pressures for those trying to buy their first home,” says Yun.
Combating the issue comes down to education. Many millennials are in the dark about college costs—in fact, the study shows only 20 percent have a big-picture understanding of the expenses related to education.

“REALTORS® are actively working with consumers and policy leaders to address the growing burden student debt is having on home ownership,” says NAR President Bill Brown. “We support efforts that promote education and simplify the student borrowing process, as well as underwriting measures that make it easier for home buyers carrying student loan debt to qualify for a mortgage.”

The study was conducted in conjunction with American Student Assistance (ASA), a non-profit guarantor.
“Student debt is a reality for the majority of students attending colleges and universities across our country,” says Jean Eddy, president and CEO of ASA. “We cannot allow educational debt to hold back whole generations from the financial milestones that underpin the American Dream, like home ownership. The results of this study reinforce the need for solutions that both reduce education debt levels for future students, and enable current borrowers to make that debt manageable, so they don’t have to put the rest of their financial goals on hold.”

 

Featured Listings, Price Reductions:

 

1224 Sky High Way  Gatlinburg, TN
$249,900   ID#: 210698

2 BD/2BA, 1,300+ sq ft mountain chalet, complete w/incredible views of Mt. LeConte, downtown Gatlinburg, ski resort & the Smokies.  Currently on a well-managed rental program.  More info

 

936 Stans Road   Gatlinburg, TN 37738
$249,900   ID#: 210699

Well-located, 2 BD/2 BA, 1,500+ sq ft mountain chalet,  currently on a well-established rental program. Amazing views of the Smokies & the City of Gatlinburg.  More info

 

Fall into the Smokies!

Fall Events in Gatlinburg:

Looking for things to do in Gatlinburg? The Gatlinburg fall calendar of events is jam-packed with seasonal Gatlinburg TN attractions that you won’t want to miss this fall.

 

Event Name: Gatlinburg Craftsmen’s Fair
Date(s): October 8 – 25
Season: Fall
Category: Arts, Entertainment
Description: More than 200 booths featuring some of the nation’s finest work. Artists demonstrating on site, selling art. Live music.
Location: Gatlinburg Convention Center
Website/Link: http://www.craftsmenfair.com
Admission: $5.00

Event Name: Smoky Mountain Harvest Festival
Date(s): September 18 – October 31
Season: Fall
Category: Arts, Entertainment, History
Description: Fall decorations, old fashioned hayrides, events, entertainment, and local craft exhibits.
Location: throughout Gatlinburg
Admission: FREE

Event Name: Fall Foliage in the Smokies
Date(s): September 15 – November 15
Season: Fall
Category: Entertainment
Description: The notion that peak color season in Great Smoky Mountains National Park happens in mid-October is a misconception. The marvelous colors of autumn actually light up the Smokies for seven weeks or more as the peak elevations move down the mountainsides from the highest elevations to the foothills.
Location: Great Smoky Mountains National Park
Website/Link: http://www.gatlinburg.com/
Admission: Yes

Event Name: Winter Magic Kickoff & Chili Cookoff
Date(s): November 4
Season: Fall
Category: Entertainment, Fundraiser, Food
Description: Gatlinburg lights up the city with millions of winter lights, an award winning chili contest and live entertainment. Come join us!
Location: Downtown Gatlinburg
Admission:  Yes

 

Beautiful and affordable lots in prestigious Pinnacle Vista:
Pinnacle Vista subdivision in Pittman Center among $1,000,000+ cabins

 

714 Pinnacle Vista Lot 28  Gatlinburg     $35,000   ID# 206795

5 bedroom septic permit, which is increasingly rare.  Great opportunity to build a High income vacation rental cabin.  1.94 Acres.

 

 

Lot 27 Pinnacle Vista Rd.  Gatlinburg,    $39,900  ID# 206353

Great area for rental, second or permanent home site. Easy access with paved through the development.  No HOA fees.  1.9 Acres.

 

 

 

Lot 90 Pinnacle Vista Rd.  Gatlinburg  $ 29,900  ID # 206361

3.19 Acres.  Close in proximity to Greenbrier entrance for the Great Smoky Mtn. National Park and only about 10 mi. to dwtn. Gatlinburg.

 

Market Report Sevier County

Let’s take a look at the real estate market. Currently there are 219 sales pending in the market overall, leaving 743 listings still for sale. The resulting pending ratio is 22.8% (219 divided by 962).

The pending ratio indicates the supply & demand of the market. Specifically,  a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.  Current inventory is described as “mildly active.”

The $150K – $200K price range has a relatively large number of contracts pending sale.

The $200K – $250K price range has a relatively large inventory of properties for sale at 142 listings. The average list price (or asking price) for all properties in this market is $334,531.

A total of 780 contracts have closed in the last 6 months with an average sold price of $232,350.

Breaking it down,  the $150K – $200K price range contains the highest number of sold listings.

 

 

Alternatively, a total of 189 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being  priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $200K – $250K price range has the highest number of off-market listings at 37 properties.

Featured Properties:

$214,900   ID#: 211383

Spacious, well-located, 3 BD/2 BA contemporary-style mountain chalet, complete w/an attached 2-car carport, fenced back yard, seasonal view, and located only mins. to dwtn. Gatlinburg.  Ideal as a permanent or 2nd home, or even as an overnight rental; currently used as a long-term tenant-rental.  More information

 

426 Trentham Lane   Gatlinburg, TN 37738

$399,900  ID#: 211292

Prime commercial property in the heart of downtown Gatlinburg. Walking distance to shopping, restaurants, attractions, national park, and trolley stop. A corner parcel with access from two streets. Level lot. Current site plan from Trotter and Associates includes 30 Efficiency units, 15 One bedroom units, and 9 two bedroom units with a total 54 units and 66 parking spaces. This would make an excellent hotel, apartment or condo location. Public water, gas and sewer. Over 233 ft of road frontage.  More information

Heading Into 2014, The Great Smoky Mountain Real Estate Market Continues to Show Slow, But Steady, Growth

The Road To Recovery

Throughout this past year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through December of this past year, we will see that these trends, particularly in this real estate market, are largely holding steady, as we now begin into a new year. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing December 2013 to that of December 2012, the number of residences sold held steady with an increase by 1% in terms of homes sold, in that 13 more homes were sold as of December 2013, as opposed to December 2012. This continues a trend of steadiness, and even very slight growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed reflect a steady and slowly growing trend on balance, and we see that the market continues to show gradual, but steady, growth on the aggregate.

RESIDENCES SOLD - GRAPH 1

In the category of Residential Dollar Volume for the year, we see an increase of 7% through December of 2013, as opposed to through December in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices still continue to show that a greater dollar volume in homes are being sold, along with still continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

TOTAL RESIDENTIAL VOLUME - GRAPH 2

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the past year, prices still show a slow, but gradual, rise of 6% in December of this year versus that of December 2012, reflecting the recent local and national trends towards gradually higher home prices. As confidence continues to grow between potential buyers and sellers in the market as a whole, we see that the trend of higher home prices will likely continue for the foreseeable future.

AVERAGE SOLD PRICE - GRAPH 3

 

In addition, available homes on the market are actually increasing in terms of inventory. Through December 2013, as opposed to December 2012, there is a slight increase by 1% of homes being listed as available on the market, or an increase of 29 more available homes on the market, in December 2013, as opposed to December 2012. We see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory. While it is still too early to tell if the trend will continue into 2014, there are more available homes on the market in December 2013, as opposed to one year ago, which could further indicate greater confidence on the part of those wanting to place their homes on the market.

AVAILABLE INVENTORY - GRAPH 4

 

As markets continue this gradual trend of growth locally and across the nation, these statistics, heading into 2014, are largely expected to remain steady, showing continued slow, but steady, strength and growth into the new year. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for you? Let us help you make your home ownership dreams a reality today!

 

Here Are A Few of My Featured Listings:

High Chalet Condo Near Ober Gatlinburg! Contemporary, 2 BD/2 BA, well-maintained, condominium unit w/views of Ober Gatlinburg and the surrounding Smokies! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $77,900 Get more information >
Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from this pristine 12 acre estate. Imagine having your own 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 Get more information >
Unique Contemporary Home w/Mtn Views Come & enjoy this one of a kind, unique, contemporary home! This 5000+ sq ft, 4 BD/3 BA home is located just off the Parkway in Sevierville in a beautiful, private neighborhood! Type: Single Family Home Location: Sevierville,TN Price: $299,900 Get more information >

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: www.gatlinburgrealestateforsale.com

Heading Into November, The Great Smoky Mountain Real Estate Market Continues to Show Slow, But Steady, Growth

The Road To Home Ownership

For much of this year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through October of this year, we will see that these trends, particularly in this real estate market, are continuing, even in spite of the recent government shutdown. Let’s now see what the numbers have to say.

 

In the category of Residences Sold, we see that in comparing October 2013 to that of October 2012, the number of residences sold actually increased by 1% in terms of homes sold, in that 11 more homes were sold as of October 2013, as opposed to October 2012. This continues a trend of steadiness, and even very slight growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed reflect a steady and slowly growing trend on balance, and we expect this to continue and improve over time.

NOVEMBER 8 BLOG - GRAPH 1

 

In the category of Residential Dollar Volume for the year, we actually see an increase of 6% through October of this year, as opposed to through October in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices continue to show that a greater dollar volume in homes are being sold, along with continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

NOVEMBER 8 BLOG - GRAPH 2

 

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the year, prices still show a slow, but gradual, rise of 5% in October of this year versus that of October 2012, reflecting the recent local and national trends towards higher home prices. As inventory continues to decrease, we expect average home prices to continue their slow and gradual increase, in line with both national and local real estate market trends.

NOVEMBER 8 BLOG - GRAPH 3

 

In addition, available homes on the market are actually increasing at the moment. Through October 2013, as opposed to October 2012, there is an increase by 1% of homes being listed as available on the market, or an increase of 69 available homes on the market, in October 2013, as opposed to October 2012. We see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory. While it is too early to tell if the trend will continue, there are more available homes on the market in October 2013, as opposed to one year ago, which could indicate greater confidence on the part of those wanting to place their homes on the market.

NOVEMBER 8 BLOG - GRAPH 4

 

As markets continue this gradual trend of growth locally and across the nation, home prices will continue their rise and housing inventory will continue to decrease. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for your and home ownership dreams today?

 

Here Are A Few of My Featured Listings:

 

Spacious Riverfront Home in Sevierville Spacious, 3000+ sq ft home located along the beautiful Pigeon River, which is located right behind this home! Type: Single Family Home Location: Sevierville,TN Price: $329,900 Get more information >
Fantastic 180 Degree Smoky Mtn. Views Fantastic 180 degree view of Mt. LeConte & the Smokies from every room. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $479,900 Get more information >
Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 Get more information >


The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: www.SmokyMountainLifestyle.com

Featured Listing for November 5, 2013 – Misty Mountain (808 San Remo Drive)

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The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! It is here that the Great Smoky Mountain National Park wraps around your very own unique, wildlife sanctuary.  You can walk out your back door and in minutes be at Cataract Falls or stroll along the river into town. Perhaps, you might like instead to drive an easy mile from your 6000 square foot home into town for fine dining and entertainment, which you can do in minutes. All of this and so much more awaits your inspection of this incredible, one of a kind property.

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This 12 acre property has access to water and sewer lines for any possible future development. It features a level yard with an orchard of peach, cherry and plum and well as plenty of space for a garden. This mountain estate features three levels with four bedrooms plus numerous other rooms with plenty of room for dining and entertainment. It also includes a sauna, hot tub and gym. Totally remodeled and ready to be used as a residence, vacation rental, or retreat center. New hardwood flooring, new HVAC, new roof, new appliances, and new light fixtures. Additionally, two massive hand-crafted, wood burning stone fireplaces which feature the artistry of a master stone mason. The one in the main living area soars upward seventeen feet to the skylighted ceilings. Additionally there are two gas stone fireplaces, stone and slate patios, open sun deck, enclosed sun room, mature gardens, and several fenced acres for pets to create an environment that is truly one of kind. You’ll never find another unique place like this one! Especially, since it’s priced $100,000.00 below appraisal!!! Once this is grabbed up, there isn’t another one like it.  So when might be the best time for you to see it? Give me a call at: 865-654-2121. Right now, before it’s gone!
Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 Get more information >


The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: www.SmokyMountainLifestyle.com