Homes For Sale In Gatlinburg & Other Select Areas Are Selling

 

Our month end look at Smoky Mountain homes continues to reveal areas of strength. We work to give our blog readers helpful material. The Great Smoky Mountains Association of Realtors published their month totals of residential sales through the end of October 2011. The GSMAR data we use is year to date and it compares this year to the same timeframe for last year. As we mentioned in earlier blogs, some areas in GSMAR are outperforming last year by significant margins. Given our current national property market this is great news.

 In the category of Total Residences Sold, this year lags 2010 (1,343) by 114 residences sold or 8% lower in 2011.

Total Residential Dollar Volume Sold was also lower in 2011. 2010 had $224,584,192 or 11% more.

The average 2011 residential sale was close to the 2010 average at  3% or $4,996 lower.

In the last category of Active Listings, 2011 leads 2010 by 572. This 9% gain over 2010 leaves 2011 with 6,628 active listings.

Our local market within GSMAR is reasonably healthy. The change from last year is 11% or less in most categories. This could be a great time for some of our blog readers to pick up some great property. Sale inventory is up and mortgage rates are still very low. Kick things around and begin looking online. You can shop discreetly from your own home. Our team of professionals is ready to assist in many ways to help secure your dream property. Call us today to get started.

Here are a few of my featured listings:

 

Active Location for Office/Residential!
Great, busy location ideal for commercial office site. Has a separate entrance for lower level so could be used for two businesses or in-law quarters if used for residential.
Type: Office
Location: Sevierville,TN
Price: $329,900
Get more information >

 

Fantastic Rental Property/Mtn View
Fantastic rental income in 2010- $94,303!! Outstanding view of Mt LeConte in Smokies, with 5 master suites, media room, close to Gatlinburg, ski resort and National Park! Fully furnished!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $699,900
Get more information >

 

WHAT A BARGAIN! JUST REDUCED AGAIN!!!
Formal, custom built home on a very nice and private corner lot in beautiful neighborhood of Belle Meadows. Close to hospital and all the amenities that Sevierville has to offer.
Type: Single Family Home
Location: Sevierville,TN
Price: $269,900
Get more information >

 

 

Contemplating That Gatlinburg Home For Sale?

Some of my sources suggest that mountain homes could be at a good time to buy. Recently, The Wall Street Journal printed an interesting article by Jack Hough of smartmoney.com. Mr. Hough puts forth some intriguing ideas on why it could currently be a great time to buy a house. United States home prices have dropped almost 1/3 since 2006 and homeownership rates are falling like they were in the great depression. This may appear alarming, but there is a silver lining. First, lower prices are bringing value to home ownership and there is plenty of home inventory to consider. Number crunchers dance the line between renting vs. buying. The benefit of renting over buying changes with current market conditions. Home price/rent ratios are much like stock price/earnings ratios. Lower price/rent ratios favor owners over renters. Moody’s Analytics reports that price/rent ratios at the peak of the bubble were 18.5. Now the ratio is down to 11.3. For comparison from 1989-2003 the national average was approximately 10. Mortgage rates are a primary factor in overall home costs. Rates across the country are close to all time lows. The rates move from 3.94% to 4.12%. This makes house payments more affordable than in years. The hurdle comes in qualifying for today’s tighter lending standards.

It is important to factor in the location of the housing market you are considering. Some, like Detroit or Miami are bargains, while New York or San Francisco are in demand and command a premium. The author favors a “buy and hold” position and discourages an invest and flip position. He also recommends careful shopping as prices could decline farther. However, high yields are challenging in many of today’s investments, so homes offer a firm, reasonable opportunity.

If you want to explore your options in today’s East Tennessee Smokies, begin on our website. There are ample options available to explore at your own pace in the privacy of your own home. Begin today to explore these exciting opportunities.

Here a few of my new & featured listings: 

 

Great Four Level Chalet/Nice Ridge View
Very large 4 level chalet that sleeps 16. Big open space in all rooms and 4 levels of decks. Nice mountain views and walking distance to owners club and pools.
Type: Single Family Home
Location: Chalet Village
Price: $279,900
Get more information >

 

A-Frame w/Serene Setting/Incredible View
Total privacy with this A Frame home with incredible mountain vista and mature native mountain laurel. Located in Gatlinburg and walking distance to community pools, tennis courts, and Ski Resort.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $159,900
Get more information >

 

Great Price For Beautiful Mountain View
Plenty of community amenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

 

Homes For Sale In Gatlinburg Could Be In A Warm Market

This blog works to provide relevant data on Smoky Mountain homes  and how that ties to the overall U.S. real estate market. The National Association Of Realtors reported in late September of this year that August 2011 pending home sales had declined nationally. However, the pending home sales index remains above August of 2010. The PHSI is a future oriented market indicator. It focuses upon signed home sales contracts which are not officially closed. These typically close in 1-2 months. Our interest is not centered exclusively upon this news but on material related to this story.

Four regions comprise the PHSI. Pending home sales here in the South was the only region across the country to have an increase in August 2011. NAR Chief Economist, Lawrence Yun feels that Hurricane Irene certainly impacted home sales in some parts of the nation. In addition, Mr. Yun is concerned that overly strict mortgage underwriting standards are rejecting a sizable number of financially qualified potential home buyers. The Chief Economist is hopeful that standards will be relaxed to allow more qualified buyers to enter the market.

For some time , we have advised our blog readers to get pre-approved for financing. This simplifies the home buying process by eliminating some of the guesswork. Go on our website  today to get started finding your dream property in the Tennessee Smokies.

*Information was obtained from: http://www.realtor.org/press_room/news_releases/2011/09/phs_august

Here are a few of my new listings:

New Construction Full Of Style
Newly built this one is full of style & character. Native stone accents outside with a great exterior color combination. Hand made kitchen cabinets andbathroom vanities crafted from super rare wormy chestnut.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $159,900
Get more information >
Mt. Leconte Views On A Pond
$17,832 rental income for 2010 & $17,444 already for 2011. Fantastic Mt. Leconte & community pond views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >
Unparallelled View of Great Smokies!!
Contemporary home with many interior updates and incredible view of ski slopes at Ober Gatlinburg and Great Smoky Mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $224,900
Get more information >

Homes In Gatlinburg And Other Parts Of The Smokies Are Selling Well

 

The Smoky Mountain homes market is reasonably healthy. The ease of access and popularity of this area help to buffer our home sales from a challenging national housing market.

In this week’s blog, the focus will be on residential sales figures for The Great Smoky Mountains Association of Realtors. The GSMAR data provides a great tool for evaluating The Smokies’ residential sales. These numbers represent the overall area covered by GSMAR. However, there are locations within our Association that are outperforming last year by significant margins. While the sale numbers of our overall membership remain strong, these hotspots surpass all others. Please remember that residential sales include; single family homes, condos, townhouses and co-ops. These figures are cumulative year to date.

 In the category of total residences sold through the end of September, our year 2011 comes in with 1,646 residences vs. 1,764 for the same time in 2010. 2011 is off by 118 units or down by 7%.

In the category of total residential dollar volume sold through the end of September, 2010 leads with $295,887,524 or $26,760,006 more. In this category 2011 is off by 9%.

The average residential sale for 2011 is $163,504 or $4,233 less than 2010, a difference of 3% less.

Our final category for comparison is in Active Listings. The current year has 7,656. This is 575 more or 8% above 2010.

We previously mentioned that the housing market is currently seeking balance after massive federal stimulus. The evidence that all categories are less than 10% different from the previous year is reasonable. Our current year has no stimulus in effect. Some housing markets across the nation are way below the 2010 figures.

 For residential buyers, the market is good. Interest rates are quite low for qualified buyers. Property inventory offers a great selection. Pricing is well off the market highs and real estate at this point is nowhere near as volatile as other investment markets.

 Get on our website to explore your property possibilities today!

 Here are a few of my new and featured listings:

Breathtaking Mountain Views!!!!!
Enjoy the breathtaking mountain views from this chalet. Located close to town of Gatlinburg for all you shopping and dining adventures, yet private and quiet for your relaxation. Greenbrier River and Greenbrier entrance to the Nat’l Park just minutes away
Type: Single Family Home
Location: Pittman Center, TN
Price: $339,900
Get more information >
8 Bedroom/5 Bath Cabin w/Mountain View!
Wow! 8 bedroom/5bath cabin with so many amenities for your enjoyment, plus an incredible mountain view!! Sleeps 24. Great gross rental income in 2010 of $47,471 plus 2 wks of personal use during prime time! Great investment or permanent residence!
Type: Single Family Home
Location: Chalet Village
Price: $399,900
Get more information >
Mt LeConte View w/Large Open Floor Plan
5 bedrooms all with in suite baths for privacy. Huge great room for those family gatherings and could walk to trolley to take to town or to Nat’l Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $350,000
Get more information >

 

 

 

 

A Look at 2011 Updated Property Taxes for Sevier County’s Smoky Mountain Real Estate

 

I receive many questions regarding what our property taxes are here. So this week’s blog looks at Sevier County property taxes on mountain homes.  The property tax rate is per $100 assessed value of the home. County tax for Sevier County is $1.63 per $100 assessed value. City tax per $100 assessed value is:   Sevierville is $0.31. Pigeon Forge is $0.200, Gatlinburg is $0.1493, and Pittman Center is .85.  The ratio of assessment is 25% for residential/rental property. This applies to owner occupied homes and second homes.  See the examples below for a home assessed at $100,000 and $250,000.

                                           For Sevier County Tax
Sevier County tax is $1.63 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $1.63 = $407.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $1.63 = $1018.75 tax paid per year

                                                       For City Tax
Sevierville is $.31 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $.31 = $77.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $.31 = $193.75 tax paid per year

Pigeon Forge is $0.200 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $0.200 = $50.00 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $0.200 = $125.00 tax paid per year

Gatlinburg is $0.1493 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $0.1493 = $37.33 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $0.1493 = $93.31 tax paid per year

Pittman Center is $.85 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $.85 = $212.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $.85 = $531.25 tax paid per year

Plus 30% of contents for personal property tax
There is no Income Tax
 
Many visitors to our area find our property taxes very reasonable.  The planning and working with tourist traffic over the years has helped to develop the Sevier County infrastructure.  The influx of visitors provided a revenue stream that has assisted in sharing the costs for developing the area.  This has helped to keep costs lower for residents by maintaining reasonable local living taxes.

If you are interested in living here, or owning investment property that keeps you coming back with tax incentives, then check out the Jason White Team website.  You set your own search criteria, and view only those properties that fit your criteria. When it is time to take a personal look, our team of property professionals are here to assist you.  Contact us today to begin your Smoky Mountain property acquisition.

Here are a Few of My New and Reduced Listings: 

Resort Living At It’s Best!!
Want the best close to town of Gatlinburg for shopping and dining? This resort offers a community pool for your enjoyment as well as utility water and sewer, garbage service and high speed internet.
Type: Land
Location: Gatlinburg, Tennessee
Price: $42,000
Get more information >
Build Your Dream Home/Black Bear Falls
Great building site in desirable Black Bear Falls in Gatlinburg. On site pool and easy access to all the attractions Gatlinburg has to offer.
Type: Land
Location: Gatlinburg, Tennessee
Price: $51,000
Get more information >
Fully Furnished Cedar and Stone Mtn Home
Contemporary cedar and stone mountain home sold fully furnished and close to the owner’s club w/ pools and tennis courts. Two private master suites each w/baths and balconies. Enjoy the cathedral ceilings, screened patio, sauna, and enclosed hot tub room.
Type: Single Family Home
Location: Chalet Village
Price: $199,900
Get more information >
Just Reduced! An Architectural Icon!
This commanding architectural icon is an award winning design. Fantastic floor plan, quality contruction, outrageous mountain views from all rooms, gas generator, lots or level parking and 5 master suites all with their own screened in porch. Must see!
Type: Single Family Home
Location: Chalet Village
Price: $899,900
Get more information >

Checking the Market on Gatlinburg Homes for Sale?

Our month-end blog focuses on the current state of Smoky Mountain real estate.   These cumulative figures cover residential sales year-to-date through July 31st for 2011 vs 2010.  Our source on this data comes from the Great Smoky Mountains Association of Realtors.  Residential sales are composed of; single family homes, condos, townhomes, and co-ops.  The GSMAR numbers are helpful in choosing when to buy or sell.  They can assist in determining pricing for either side of the property sales transaction.

In the first category of Total Residences Sold, we see 2011 lagging 2010 by 96 residences.  2011 had 817 vs 913 in 2010 or 11% decrease. 

The Total Residential Dollar Volume of 2011 is lower by $20,731,912.00 or 13% less.  2011 was $134,531,002.00 compared to $155,262,914.00 in the 2010 period ending July 31st.

An Average Residential Sale in 2011 was $164,665.00 opposed to $170,058.00 in 2010.  This leaves 2010 ahead by $5,393.00 or 3% above our current year.

Our final category of comparison is in Quantity of Active Listings.  Our current year is a winner with 5,679 vs 5,135.  The margin of victory is 544 or 11%.

Throughout 2011 we have seen lower figures in a lot of categories.  It is crucial to factor in the influence of government stimulus on these numbers.  The tax credit certainly brought some buyers into the market earlier than they might have done on their own.  Our current year numbers are not radically lower than 2010.  This is good because there was no government rewards for buying in 2011.  Selection inventories are good and interest rates are not jumping up in a huge leap.  All of this makes for positive reasons to consider a home purchase. 

Check out our client-friendly web site.  You can set your own personal search criteria.  Then in your own home, at your own pace, choose the time to call the pros on the Jason White Team and seal the deal.  Begin today on your new adventure.

Here are a Few of My Current and Sold Listings:

Wonderful Family Home/Fenced Yard!!
Great family home with additional space for possible, media room, in-laws quarters, or teenage paradise. 2 car garage, fenced back yard, and close to Knoxville or Sevierville.
Type: Single Family Home
Location: Sevierville,TN
Price: $279,900
Get more information >
SOLD!!! CLOSED IN 40 DAYS FROM LIST DATE
Heirloom quality custom built two owner home in downtown Gatlinburg. Walk 5 min to many restaurants/ shops and Ober Gatlinburg Tramway. Maintance free masonry stucco so you can enjoy your vacation in the mountains. Spacious, storage, level yard, & carport
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $289,900
Get more information >
Updated with Private Bedroom Suites!
Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views.
Type: Single Family Home
Location: Chalet Village
Price: $229,900
Get more information >

Considering Lodging at a Gatlinburg Home on your Trip to the Smokies?

Smoky Mountain homes are a great vantage point for enjoying a personal close-up of this majestic area.  In our earlier blogs, we have hi-lighted the additional pleasure one can have if they carefully time their visit.  There are abundant opportunities to take in activities, that appeal to your family.  Some of these activities are available almost 24/7.  Others however, are date specific.  We want to get your creative vacation ideas flowing, with some general suggestions in this week’s blog.

Hiking is a phenomenal activity that promotes good health through exercise.  It can be done anytime of the year.  You are in close contact to nature’s wonders.  Tailor your hike by; length, difficulty, and time of day/year to match your own fitness levels.  Water adventures are available in formats from; trout fly fishing on creeks and rivers, to bass boat fishing on Douglas Lake.  Whitewater rafting appeals to many families. Knowledgeable guides can cater to people’s’ skill levels.  Another popular activity that is growing across our area is ziplines.  This tree top thrill is a safe, fun way to view the Smokies.

So far, we have touched on some of the many general activities one could enjoy at this time of year.  However, let us tempt you with a few on going or upcoming events that are date specific. Currently, we have the Smoky Mountain Springfest going on across the area through June 6th.  This upcoming weekend we have the Gatlinburg Fine Arts Festival.  Beginning May 21st running until October 15th is the Gatlinburg Farmer’s Market.  Held at the Alamo Steakhouse parking lot in Gatlinburg, this offers visitors and locals a chance to purchase locally grown food. The Gatlinburg Scottish Highland Festival will be held May 13-14 and the Bloomin BBQ & Bluegrass will be held May 20-21st in Sevierville.

These events we referenced are only a few of this region’s vast array of fun things to do.  For more details, and more events, go to websites for: Sevierville, Pigeon Forge, and Gatlinburg.  If you want the fun to continue, consider buying property in the area.  This allows you the flexibility to stay at your convenience.  Begin your search on our website, in the comfort of your own home.  Set your personal search criteria, and shop properties at your convenience.  Our team of professionals is ready to help you finalize your selection.  Begin today, to find your dream !!!

Here are a Few of My Current Listings:

Outstanding Mtn View/Open Floor Plan!
What an outstanding mountain view with this chalet. Fully furnished with beautiful decor. Open floor plan and spacious rooms with lots of windows to enjoy the view.
Type: Single Family Home
Location: Chalet Village
Price: $279,900
Get more information >
Great View Of Great Smoky Mountains
Live in the prestigious community of Riversong. With the Little Pigeon River close by to enjoy fishing and swimming. This private 1.26 acre property is a must see with wonderful mountain views and just around the corner from the Great Smoky Mountains.
Type: Single Family Home
Location: Pittman Center
Price: $359,900
Get more information >
Exquisite Lofty Mountain Retreat!!
Detail and excellent craftsmanship throughout this lofty mountain home will please even the most discriminating buyer. Complete with an outdoor living space wfireplace that overlooks Mt. LeConte views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $495,000
Get more information >

Have you considered your Gatlinburg Home for Sale?

There can be challenges for selling mountain homes or other real estate.  This week’s blog will share 7 tips for a better home closing.  The source for this material came    through the National Association of Realtors.  This valuable Trade Association shares money saving tips that benefit both buyers and sellers.  Through the years, the NAR has seen people lose out on potential savings because they felt they were done in the property sales process.  Often the entire process of selling one home and buying another can leave one baffled by all the steps that are required.  These following 7 tips could save you additional money at closing time.

Tip #1: Avoid potential hassles by contacting all utility and service providers for; shut off, or transfer to your new address on the official closing date.  Make sure automatic scheduling of; fuel oil, propane, or other items is not an unintended gift for the new buyers of your old home.  Also be sure your home insurance ends at closing, and refunds of any prepaid premium are paid to you.

Tip #2: Notify important contacts of your change of address, in advance of the closing date.  Typically you file post office changes of address paperwork, 2-4 weeks before closing.  Obviously, credit card companies, subscription personnel of publications, brokers and financial institutions, as well as friends and families should be informed of the date of the change and new address.

Tip #3: Allow enough time to select a good moving company.  If your move is long distance, evaluate what should be moved.  Weight is a critical factor.  Also, contact your insurance agent to determine the extent of coverage, during the move.

Tip #4: Double check the math on your HUD-1 Settlement Statement, the day before the closing.  Everyone is human, mistakes can occur.  Make sure your statement is correct.

Tip #5: Along with #4 review all charges on your settlement statement.  Were all discounts or promises included? Were critical deal closers omitted?  Beware of statement omissions that could set you up for legal liability later on.

Tip #6: Make sure the settlement company credits you for prepaid expenses.  These may include; property taxes, homeowner association fees, partial tanks of fuel, etc.

Tip #7; Check all accounts to be sure none of your money is being held in escrow.  It is best to get your money right away, rather than to forget about it, or have it lose value over time.

Here at the Jason White Team, we have enjoyed much success because of our great clientele.  In return, we do everything possible to help and empower our clients. From our customer geared website with it’s market oriented blogs, to our experienced personnel, we work at giving you a rewarding win/win experience in real estate.  As a buyer or seller, we earn your respect one property transaction at a time.  Contact us today, at 877-678-2121 and let us assist you in achieving your real estate goals.

Here are a Few of My Current Listings:

Two Master Suites/Spectacular Mtn View
Two master suites with spectacular mountain views of the Great Smoky Mountains and Ober Gatlinburg Ski Resort. Fully furnished for immediate enjoyment of this beautifully decorated chalet. Great for permanent residence or rental.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Update w/ Spectacular Views of Mountains
This updated, meticulously maintained home is a beauty! Enjoy the spectacular northern view of the mountains from a level yard on one of many decks.
Type: Single Family Home
Location:Gatlinburg ,Tennessee
Price: $219,900
Get more information >

Looking to Buy Smoky Mountain Real Estate Before 2011 Closes?

Gatlinburg at Christmas Time

If you want to purchase a Gatlinburg home before this time next year, here are 5 fast track tips.  These were spelled out in some of my realty sources via Tara @ Trulia. This savvy business woman provides us with a 5 step plan to buy real estate. Her first tip is to focus on the dream of home ownership and stock pile your cash.  Avoid the trendy wardrobe upgrades and other impulse buys of the holiday season.  Nothing enhances one’s esteem and amps up net worth better, than becoming a homeowner.  The trinkets we buy at this time of year all reduce our cash reserves and they seldom become an appreciating asset, like real estate.  It takes serious cash to cover closing costs, so get started today.  Use high yield savings accounts that pull out of your paycheck, and that are not easy to pull funds out.  This keeps you focused on the prize, and avoids raiding the cookie jar for impulse buys.  Her second tip is to utilize online resources; to find the best financing, research home locations, check pricing, and find prospective agents.  You can do an awesome amount of pre-work in front of your computer, in the privacy of your current living quarters.  This briefs you on the basics, so you can finalize your search with confidence, when the opportunity presents itself.  A third point is to fine tune your credit by pulling reports on your credit score.  You can enhance your score by boosting your weaknesses in advance of applying for a home loan.  The forth focal point is to run your numbers,  and get pre-qualified, if possible.  This prevents you from buying a home that you can’t afford.  Go over monthly budgets and have all your finances in order.  This leaves you confident in knowing what you can afford.  The last area to nail down is choosing a real estate agent, and a mortgage broker.  Finding compatible, knowledgeable people you can work with, is critical for a great home purchase.   

Here at the Jason White Team we advocate this process to our clients.  We gear our website to serve prospective clients on all levels of the real estate transaction.  We think prepared clients make better decisions and this makes our job mesh with our customers expectations.  Go on our website and get started today.   

Here are a Few of My Latest and Current Listings:  

Custom Built Home w/ Fantastic Mtn Views
Custom built home, stately curb appeal, fantastic mountain view, great neighborhood in Sevierville, and vaulted ceilings throughout. Don’t miss seeing this one level living home!
Type: Single Family Home
Location: Sevierville,TN
Price: $229,900
Get more information >
1.3 acre w/ Spectacular Mountain Views
Quiet living on 1.3 acres with phenomenal Mt. Leconte and Smoky Mountain views and lots of level parking. 5 Private suites, with loft and game room located on cul-de-sac. Plus two huge decks to enjoy the incredible views of the mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $449,000
Get more information >
Exquisite Lofty Mountain Retreat!!
Detail and excellent craftsmanship throughout this lofty mountain home will please even the most discriminating buyer. Complete with an outdoor living space wfireplace that overlooks Mt. LeConte views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $495,000
Get more information >

Is a Gatlinburg Home For Sale, Your Next Purchase?

Today’s blog examines local residential property statistics and the status of Tennessee Smoky Mountain real estate.  The source for this blog comes from the Great Smoky Mountain Association of Realtors.  GSMAR is a great local association that among many duties, provides it’s members with data on sales in a variety of real estate categories.  This information can often be used to predict market trends, and aid people in buying or selling their property.  As we have mentioned in previous blogs, market trends are best spotted in examining large spans of time.  However, year-to-date comparisons can prove helpful to determine personal timing for selling or buying investments, like real estate.  As we get into these statistics, bear in mind a caveat, that bears repeating.   Today’s financial markets from; real estate to intangibles, are seeking their own balance.  At this stage, many areas like real estate have been artificially manipulated by government and global forces that have distorted their “free market” direction.  When you view current statistics, realize that government intervention brought many first-time home buyers into the residential markets to claim their tax credit.  This acceleration of home buying is bound to create a slack period, once the federal stimulus ends.  This “end of stimulus” period is where we are currently.  Factor this into your personal evaluation of our residential sales figures that compare 2009 to 2010 year-to-date (at the end of September 30th for each year).

In total residences sold, 2010 is leading by 119 at 1,158.  This is an 11% increase.

Dollar volume sold year-to-date shows the current year down by 17% or $38,831,402.00.  Sales through September 2009 were $234,825,691.00.

Average residence sold is greater last year at $226,011.00.  2010’s average residence is 25% lower or $56,759.00 less. 

 

The 2010 category for active listings is greater by 833 (13% higher) with a total of 7,024 listings.  These categories reveal that first-time home buyers and discounted foreclosure/short sales are driving forces in the stimulus era, and beyond.

Today’s residential market requires sellers to stage ,and price their property strategically to move them quickly.  Qualified buyers will find ample opportunities to select great real estate.  Mortgage interest rates are very low.  There are numerous selections in property inventory.  Prices appear to be stabilizing, but they are off their highs.  The turbulence in other financial markets with; increased risk and low yields, could make a home in the Smokies, the perfect choice.  Go online or call us today, to get started on an exciting adventure to find your property.

Here are a Few of My Current Listings:

Location, Location, Location/ Great View
Great location on top floor and corner unit! The mountain views are breathtaking. Amenities include pool, hot tubs, and sauna.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $99,500
Get more information >
Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lakefront setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,000
Get more information >
Private with Beautiful Mountain View
Plenty of community ammenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >