Market Report for the Smoky Mountains

 

 

482 Honey Oaks Way
Sevierville, TN   37876
$259,900.  ID#: 215303

Cozy, well-built 2BD/3 BA 1600 sq. ft. log cabin.  Panoramic views of Bluff Mountain from this property, which sits on just over 1 1/2 acres.  Currently on rental program.  More info

 

 

1130 Ski View Dr, Unit#113.
Gatlinburg, TN 37738
$152,900.  ID#: 215302

2 BD/2 BA, 1,400+ sq. ft, condominium located in the Windswept Condominium Complex.  Community pool and picnic area.  Views of the Smokies and Mt. Leconte and is only minutes away from downtown Gatlinburg.  More info

Smoky Mountain Market Report 3-1-2018

 

Featured Properties:

Country living close to city life- the best of both worlds!

$419,900  ID# 214632

3 BD/2.5 BA, 4,600+ sq ft country ranch home in Wears Valley.  Ideal as a permanent, 2nd home, or rental property.  Over 5 acres of beautiful private property with a mountain stream.  More info

 

Stunning Views!

2 BD/2 BA, 1,600+ sq. ft. log cabin w/ some of the most amazing eye popping views of the Smokies, Dollywood, Bluff Mountain & Pigeon Forge lights that you will see in our area. Income around $52K annually.  More info

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