Market Report for the Smoky Mountains

 

Featured Listing:

This cozy cabin won’t last long.  Great price, great cabin!

Cozy 1 BD/1 BA log cabin, located in Wears Valley.  Beautiful wooded location, along with mtn. views, large studio-style great room, complete w/high, vaulted ceilings, F/P, kitchen area, dining area, living room area, in-room whirlpool, & master BD, private master BA, which includes utility room.  Has a front & rear porch/deck and hot tub. Great little vacation home or rental.  Made 20K last year.   More info 

 

Why now is the time to sell and buy vacation homes in the Smokies

Why sell now and why buy now?  

Many of our clients are investors or have second homes in our area.  Is now the time to sell your rental cabin or buy one?

The market is strong for cabins and currently under-supplied.

January and February are strong sales months.  We tend to get serious investors in those months because they know cabins are easier to show with less occupancy.  They understand buying earlier in the year means they’ll receive spring break, summer, fall and holiday income.  That type of educated buyer is of the highest quality and they are more prevalent in the first quarter.

If you’ve been thinking about selling let us know.  We’ll be happy to evaluate your property free of charge.  Together we can determine if now if the right time for you.

 

Featured Properties:

Fantastic Cabins, Amazing Views

3 BD/3.5 BA 2434 sq.ft log cabin with a terrific mountain view,  $70,000 in rental income last year, making it one of those rare finds. Sure to sell quickly.   More Info
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$349,90  ID#: 213840
4 BD/2 BA, nearly 1,900 sq ft, log cabin, located off Ski View Drive, complete w/amazing views of Mt. LeConte, the Smokies, & Ober Gatlinburg.  Ideal as a permanent or 2nd home, or as an overnight rental.  More info

Market Report for the Smoky Mountains

 

 

Featured Properties

Price Reductions

$456,800    ID#: 212271

Architectural gem of 5000+ sq ft, 4 BD & 3 BA amidst a beautiful, centrally located neighborhood. Mountain views.   More info

 

 

Spacious, 3 BD/2 BA contemporary-style mountain chalet, complete w/an attached 2-car carport.  Only mins. to dwtn. Gatlinburg, the Nat’l Park, & much more.   More info

The Great Smoky Mountains real estate market sees steady growth

 

 

Featured Properties:

1536 Zurich Gatlinburg, TN

$215,000 ID# 208705

Well-located, 3 BD/2 BA, 1,600+ sq ft mtn. chalet w/amazing mtn. & City views, located only mins. to dwtn. Gatlinburg. Ideal as a permanent or 2nd home, or as an overnight rental – has great potential as a rental.

 

 

1155 Upper Alpine Way Unit 802  Gatlinburg, TN   

  $130,000   ID#: 212013

High quality, 2 BD/2 BA, nearly 1,100 sq ft condo, made of solid, masonry construction. Great location inside the city limits of Gatlinburg, & only about a mile from Over Gatlinburg Ski resort.

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

The Great Smoky Mountains Real Estate Market Sees Steady Growth Through February 2016

Buyers Road and Sellers Lane

 

For over the last few months, the local & national real estate markets have reflected a gradual and steady growth in several key real estate market categories. As we look at the statistics for the Great Smoky Mountains real estate market through February of 2016 and the starting into the new year of 2016 itself, we will see that such local & national trends, particularly in the Great Smoky Mountains real estate market, continue to reflect these same trends of gradual growth that we also see nationally, and have seen for some time now. Let’s now see what the numbers have to say for February of 2016, as compared to those one year ago, in February of 2015.

 

 

In the category of Residences Sold, we see that in comparing February of 2016 to that of February of 2015, the number of residences sold increased by 16% in terms of homes being sold, as there were 229 more homes that were sold as of the end of February of 2016, as opposed to February of 2015. This figure shows a continued robust growth through February 2016, as opposed to one year ago, and is largely in line with the growth rate in this very same category that we have for at least the last couple of months, as well. We will see if this trend continues with any future statistics in this category, but it does show a continued strong trend for residential sales on the whole, as well as continued growth.

 

FEB 2016 1

 

In the category of Residential Dollar Volume from February of 2016, as opposed to February of 2015, we see an increase of 22% in terms of dollar volume through February of 2016, as compared to February of 2015, remaining constant from last month in this same category. This category does show a continued high percentage from year-to-year, showing that there is continued, strong growth in this category, as compared to that of 2015 for the same month, with this statistic showing one of the largest increases in this category over the last few months. This continues to show a continued local, as well as national, trend of relatively steady, stable, and even robust growth in terms of this category, as well, and also continues to reflect the consistently higher home prices that have been taking place for over the last eighteen months now on a national scale.

 

FEB 2016 2

 

There is also continued good news for sellers in the Average Sold Price Category. For February of 2016, as compared to that of February of 2015, average sold prices show an increase of 5%, which continues to show steady and consistent strength in this category on average, reflecting a stronger local market in this category, albeit being down a bit from the previous month in this category. As confidence continues to grow in both the local and national markets, we foresee that this relatively steady and upward trend of higher home prices will likely continue for at least the short-term horizon, if not longer.

 

FEB 2016 3

 

In addition, available homes on the market are continuing to show a trend of steady decreases, which has also occurred over the last several months, as well. Through February of 2016, as opposed to February of 2015, the number of available homes did decline by 6%, or reflecting a numerical decrease of 290 homes in terms of available inventory. This decline continues to show a marked decrease in terms of available inventory in the local market, and still reflects a continued decline in available inventory on the whole here in the local market, which has been occurring now for the last several months. This is largely in line with the latest national real estate trends, which also shows a gradual decline in available home inventory as a whole. This may foretell that with declining inventory, the local market is showing movement towards more people wanting to buy the available properties currently in the local market, and that with higher home prices, more people may feel a greater sense of confidence in placing their homes for sale on the market, along with greater interest in buying what inventory is currently available, as well. We will keep watching to see if this particular trend continues, and see what it does for the real estate market as a whole, both here locally, as well as nationally.

 

FEB 2016 4

 

As the markets continue these gradual trends of growth locally and nationally, these statistics are largely expected to remain largely steady at least for the short-term, largely continuing the same continued gradual, but steady, growth that has been seen now for over the last few months, and is largely expected to continue into 2016. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountains real estate market. Why not start your Great Smoky Mountains home search today by browsing our many great Featured Properties, and see what the Smokies area have to offer for you today? You can also learn more about The Jason White Team, and see how we can help you make your home ownership dreams a reality today!

 

 

Our Featured Properties for Thursday, March 3, 2016: 

 

 

NEW LISTING!

APrivate, 2 BD/2 BA Mountain Chalet Bordering the National Park; Only Mins. to Gatlinburg. Made over $13K in rental income in each of the last 2 yrs.; has great rental potential. Incredible views of the Smokies, & also has the Nat’l Park right in your own backyard. Incl. a large living rm w/vaulted ceilings, a kitchen/dining rm, a large master BD on the upper level w/in-room W/P, priv. balcony, & priv. closet, & more, incl. considerable privacy. Only mins. to dwtn. Gatlinburg & the attractions; a great home, value, and location – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $189,900  For more information >

 

 

 

 

NEW LISTING!

APrivate, 1 BD/1 BA Log Cabin Located Only Mins. to Gatlinburg. Made over $16K in rental income for 2014, & then made over $26K in rental income for 2015; has great rental potential. Well-located, & set in a beautiful, wooded setting, within mins. to dwtn. Gatlinburg, the Nat’l Park, & the local attractions. Incl. a large studio-style great rm, combining living rm, dining rm, kitchen, & master BD into one rm, a loft area recreation rm & sauna rm, a partially wraparound deck w/hot tub, & more. A great cabin & value in a beautiful location – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $179,900  For more information >

 

 

 

 

NEW LISTING!

AWell-Located, 1 BD/1 BA Condo Located in the Heart of Chalet Village. Ideal as a permanent or 2nd home, or as an overnight rental. Located in a well-established condo complex; only mins. to dwtn. Gatlinburg, Ober Gatlinburg Ski Resort, the Nat’l Park, & the attractions. Incl. a large, open great rm, combining kitchen, living rm, & dining rm all into one rm, as well as a small deck to enjoy the flowing mtn. stream running through the property, & master BD w/adj. master BA, all in a very well-located condo unit. A great value & condo, as well as location – come see it today! Type: Condominium Location: Gatlinburg, TN Price: $73,500  For more information >

 

 

 

 

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The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

The Great Smoky Mountains Real Estate Market Continues its Gradual Growth to Start 2016

buyersroad-300x286

 

For over the last few months, the local & national real estate markets have reflected a gradual and steady growth in several key real estate market categories. As we look at the statistics for the Great Smoky Mountains real estate market through January of 2016 and the starting into the new year of 2016 itself, we will see that such local & national trends, particularly in the Great Smoky Mountains real estate market, continue to reflect these same trends of gradual growth that we also see nationally, and have seen for some time now. Let’s now see what the numbers have to say for January of 2016, as compared to those one year ago, in January of 2015.

 

 

In the category of Residences Sold, we see that in comparing January of 2016 to that of January of 2015, the number of residences sold increased by 15% in terms of homes being sold, as there were 219 more homes that were sold as of the end of January of 2016, as opposed to January of 2015. This figure shows a continued robust growth through January 2016, as opposed to one year ago, and is in line with the growth rate in this very same category that we have for at least the last couple of months, as well. We will see if this trend continues with any future statistics in this category, but it does show a continued strong trend for residential sales on the whole, as well as continued growth.

 

 

GRAPH 1 - JANUARY 2016

 

In the category of Residential Dollar Volume from January of 2016, as opposed to January of 2015, we see an increase of 22% in terms of dollar volume through January of 2016, as compared to January of 2015. This category does show a continued high percentage from year-to-year, showing that there is continued, strong growth in this category, as compared to that of 2015 for the same month, with this statistic showing one of the largest increases in this category over the last few months. This continues to show a continued local, as well as national, trend of relatively steady, stable, and even robust growth in terms of this category, as well, and also continues to reflect the consistently higher home prices that have been taking place for over the last eighteen months now on a national scale.

 

GRAPH 2 - JANUARY 2016

 

There is also continued good news for sellers in the Average Sold Price Category. For January of 2016, as compared to that of January of 2015, average sold prices show an increase of 7%, which continues to show steady and consistent strength in this category on average, reflecting a stronger local market in this category. As confidence continues to grow in both the local and national markets, we foresee that this relatively steady and upward trend of higher home prices will likely continue for at least the short-term horizon, if not longer.

 

GRAPH 3 - JANUARY 2016

 

In addition, available homes on the market are continuing to show a trend of steady decreases, which has also occurred over the last several months, as well. Through January of 2016, as opposed to January of 2015, the number of available homes did decline by 6%, or reflecting a numerical decrease of 289 homes in terms of available inventory. This decline continues to show a marked decrease in terms of available inventory in the local market, and still reflects a continued decline in available inventory on the whole here in the local market, which has been occurring now for the last several months. This is largely in line with the latest national real estate trends, which also shows a gradual decline in available home inventory as a whole. This may foretell that with declining inventory, the local market is showing movement towards more people wanting to buy the available properties currently in the local market, and that with higher home prices, more people may feel a greater sense of confidence in placing their homes for sale on the market, along with greater interest in buying what inventory is currently available, as well. We will keep watching to see if this particular trend continues, and see what it does for the real estate market as a whole, both here locally, as well as nationally.

 

GRAPH 4 - JANUARY 2016

 

As the markets continue these gradual trends of growth locally and nationally, these statistics are largely expected to remain largely steady at least for the short-term, largely continuing the same continued gradual, but steady, growth that has been seen now for over the last few months, and is largely expected to continue into the new year of 2016. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountains real estate market. Why not start your Great Smoky Mountains home search today by browsing our many great Featured Properties, and see what the Smokies area have to offer for you today? You can also learn more about The Jason White Team, and see how we can help you make your home ownership dreams a reality today!

 

 

Our Featured Properties for Thursday, February 4, 2016:

 

 

NEW LISTING!

A4 BD/4 BA Spacious & Well-Built Chalet w/in Walking Dist. to Chalet Village Owner’s Club. Has made near or above $39K in rental income consistently in each of the last 3 yrs. alone. Has the Ober Gatlinburg Tramway immediately overhead, allowing for a unique mtn. resort experience. Incl. large living rm w/vaulted ceilings, spacious & private loft, large lower lvl rec. rm, 2 deck lvls to enjoy the views of the Smokies, large kitchen/dining rm, & more. Only mins. to dwtn. Gatlinburg, & less than a mi. to the entrance of Ober Gatlinburg. A great home & location – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $295,000  For more information >

 

 

 

 

NEW LISTING!

ZJ5 BD/5 BA Spacious & Well-Built Chalet w/in Walking Dist. to Chalet Village Owner’s Club. Has made over $42K in rental income consistently in each of the last 3 yrs. alone. Has the Ober Gatlinburg Tramway immediately overhead, allowing for a unique mtn. resort experience. Incl. large living rm w/vaulted ceilings, large lower lvl rec. rm, private loft, 2 deck lvls to enjoy the views of the Smokies, & more. Only mins. to dwtn. Gatlinburg, & less than a mi. to the entrance of Ober Gatlinburg. A great home & location – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $295,000  For more information >

 

 

 

 

FEATURED PROPERTY!

A1-300x201 (3)Beautiful, Private, 4 BD/3 BA, 2 Acre, Multi-Family Duplex Located Only Mins. to Gatlinburg. Ideal as a permanent or 2nd home, overnight rental, or as a multi-family duplex – has great rental potential. Majestic views of the Smokies; both levels of this home can be rented separately. Upper level incl. a large living rm, full kitchen, 2 BD’s, 2 BA’s, and upper deck area to view the Smokies, & lower level also has 2 BD’s, living rm, & kitchen, as well. Only mins. to dwtn. Gatlinburg, the Nat’l Park, & the attractions. A great home & location – come see it today! Type: Multi-Family/Single-Family Home Location: Gatlinburg, TN Price: $398,000  For more information >

 

 

 

 

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The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com

The Great Smoky Mountains Real Estate Market Continues Steady Growth Through The End of 2015

buyersroad-300x286

 

For over the last few months, the local & national real estate markets have reflected a gradual and steady growth in several key real estate market categories. As we look at the statistics for the Great Smoky Mountains real estate market through December of 2015 and the end of 2015 itself, we will see that such local & national trends, particularly in the Great Smoky Mountains real estate market, continue to reflect these very same trends of gradual growth that we also see nationally, and have seen for some time now. Let’s now see what the numbers have to say for December of 2015, as compared to those one year ago, in December of 2014.

 

In the category of Residences Sold, we see that in comparing December of 2015 to that of December of 2014, the number of residences sold increased by 17% in terms of homes being sold, as there were 250 more homes that were sold as of the end of December of 2015, as opposed to December of 2014. This figure shows a very robust growth through December 2015, as opposed to one year ago, and is in line with the growth rate in this very same category for last month, as well. We will see if this trend continues with future statistics in this category, but it does show a strong result for residential sales on the whole, as well as continued growth.

 

GRAPH 1 - DECEMBER RESIDENCES SOLD

 

In the category of Residential Dollar Volume from December of 2015, as opposed to December of 2014, we see an increase of 24% in terms of dollar volume through December of 2015, as compared to December of 2014. This category does show a continued high percentage from year-to-year, showing that there is continued, strong growth in this category, as compared to that of 2014 for the same month, with this statistic showing one of the largest increases, if not the largest, in this category to date. This continues to show a continued local, as well as national, trend of relatively steady, stable, and even robust growth in terms of this category, as well, and also continues to reflect the consistently higher home prices that have been taking place for over the last eighteen months now on a national scale.

 

GRAPH 2 - DECEMBER RESIDENTIAL DOLLAR VOLUME

 

There is also continued good news for sellers in the Average Sold Price Category. For December of 2015, as compared to that of December of 2014, average sold prices show an increase of 6%, which continues to show steady and consistent strength in this category on average, as well as remaining constant from that of last month, reflecting a stronger local market in this category. As confidence continues to grow in both the local and national markets, we foresee that this relatively steady and upward trend of higher home prices will likely continue for at least the short-term horizon, if not longer.

 

GRAPH 3 - DECEMBER AVERAGE SOLD PRICE

 

In addition, available homes on the market are continuing to show a trend of steady decreases, which has also occurred over the last several months, as well. Through December of 2015, as opposed to December of 2014, the number of available homes did decline by 4%, or reflecting a numerical decrease of 195 homes in terms of available inventory. This decline continues to show a marked decrease in terms of available inventory in the local market, while not as steep as prior months, and still reflects a continued decline in available inventory on the whole here in the local market, which has been occurring now for the last several months. This is largely in line with the latest national real estate trends, which also shows a gradual decline in available home inventory as a whole. This may foretell that with declining inventory, the local market is showing movement towards more people wanting to buy the available properties currently in the local market, and that with higher home prices, more people may feel a greater sense of confidence in placing their homes for sale on the market, along with greater interest in buying what inventory is currently available, as well. We will keep watching to see if this particular trend continues, and see what it does for the real estate market as a whole, both here locally, as well as nationally.

 

GRAPH 4 - DECEMBER AVAILABLE INVENTORY

 

As the markets continue these gradual trends of growth locally and nationally, these statistics are largely expected to remain largely steady at least for the short-term, largely continuing the same continued gradual, but steady, growth that has been seen now for over the last few months, and is largely expected to continue into the new year of 2016. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountains real estate market. Why not start your Great Smoky Mountains home search today by browsing our many great Featured Properties, and see what the Smokies area have to offer for you today? You can also learn more about The Jason White Team, and see how we can help you make your home ownership dreams a reality today!

 

 

Our Featured Properties for Thursday, January 7, 2016: 

 

 

FEATURED PROPERTY!

AWell-Maintained, Spacious, 3 BD/2 BA Condo Located Only Mins. to Dwtn. Gatlinburg. Ideal as a permanent or 2nd home; has great view of Mt. LeConte & the Smokies. Condo includes a Large Living Rm, open Dining Rm, Full Kitchen, a spacious Sunroom to enjoy the mtn. views, and much more. Nestled in a very well-maintained condo complex; also includes a covered, accessible parking space, as well as lots of extra guest parking. Only mins. to dwtn. Gatlinburg, the Nat’l Park, nearby local schools, and the attractions. A great location & value – come see it today! Type: Condominium Location: Gatlinburg, TN Price: $239,900  For more information >

 

 

 

 

FEATURED PROPERTY!

20150908154205507062000000-oUniquely-Designed, Cozy, 3 BD/2 BA Chalet Located in Chalet Village. Ideal as a permanent or 2nd home, or as an overnight rental. This uniquely-built home includes a Living Rm, Open Kitchen, an upstairs Loft w/Master BD & BA, a lower level Family Rm, &  more, along w/being set in a scenic wooded setting. Only mins. to dwtn. Gatlinburg, Pigeon Forge, & the attractions; a great location & value – come see it today! Type: Single-Family Home Location: Gatlinburg, TN Price: $149,900  For more information >

 

 

 

 

 

FEATURED PROPERTY!

GSMAOR194909-300x194Spacious, 2 BD/2 BA Condo Located Only Mins. to Gatlinburg. Ideal as a permanent or 2nd home. This condo has a practical floor plan, including a Great Rm, open Kitchen, Master Suite, & more, along with a patio, & access to the many amenities of a well-established complex, including outdoor storage, community pool, & more. Only mins. to dwtn. Gatlinburg, the Nat’l Park, & the attractions, & located adj. to  the Gatlinburg Arts & Crafts District. A great condo & value – come see it today! Type: Condominium Location: Gatlinburg, TN Price: $108,000  For more information >

 

 

 

 

 

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The Jason White Team
Century 21 Four Seasons Realty, Inc.
1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
E-mail Address: jason@jasonwhiteteam.com
Website: http://gatlinburgrealestateforsale.com