Heading Into September, The Smoky Mountain Real Estate Market Shows Continued, Steady Growth

The Road To Recovery

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

In the category of Residences Sold, we see that in comparing August 2013 to that of August 2012, the number of residences sold is unchanged, showing no increases or decreases at all. This shows and reflects a general steadiness in the real estate market, and as we look at the rest of the statistics, we will see that the market is still quite stable and we expect this to continue and improve.

RESIDENCES SOLD THROUGH AUGUST 2013

 

In the category of Residential Dollar Volume for the year, we actually see an increase of 5% through August of this year, as opposed to through August 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 is being sold on the whole, continuing to show a gradual and strengthening market reflective of greater confidence on the part of both buyers and sellers.

TOTAL RESIDENTIAL VOLUME THROUGH AUGUST 2013

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 gradual rise of 5% in August of this year versus that of August 2012, reflecting the recent local and national trends towards higher home prices. As inventory continues to decrease, we expect prices to continue their gradual increase, in line with both national and local trends.

AVERAGE SOLD PRICE THROUGH AUGUST 2013

In addition, available homes on the market continue to decline. Through August 2013, we see a slight decrease of 1%, or 33 less homes on the market. As activity continues to stabilize, along with the national and local trends of rising home prices, this number will likely continue to dwindle.

AVAILABLE INVENTORY THROUGH AUGUST 2013

As markets continue this gradual trend of growth 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?

 

Here Are A Few of My Featured Listings:

Charming, Luxury Chalet w/Mtn. Views Charming, private luxury chalet located minutes from downtown Gatlinburg, as well as Ober Gatlinburg! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $229,900 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 >
Money To Be Made!!! Income potential with consistent rental history. $25,737 in 2009, $26,127 in 2010, $20,352 in 2011 & $22,956 in 2012. Don’t miss out on all these features! Type: Single Family Home Location: Chalet Village Price: $149,900 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.SmokyMountainLifestyle.com

Smoky Mountain Civil War Relic Show and Sale in Pigeon Forge This Weekend!

Civil_War_Reenactment_2

This weekend, Pigeon Forge will be the host for the 4th annual Smoky Mountain Civil War Relic Show and Sale, located at 4010 Parkway in Pigeon Forge (Smoky Mountain Convention Center). This unique event will be like a step back in time over 150 years, to one of the most significant periods in American history – the Civil War.

Featured at this event will include authentic Civil War era muskets, rifles, pistols, photographs, and uniforms, along with other relics, artifacts, and other collectibles. Collectors from all over the country will come to buy, sell, and talk about these varied and valuable artifacts.

In addition to over a hundred tables filled with relics, the Civil War event will include exciting historical reenactments and artillery demonstrations. Actors portraying famous military figures from the Civil War such as General Robert E. Lee and General Ulysses S. Grant will interact with attendees and answer their questions about the war. People who come to the event will also have the chance to investigate their ancestors’ participation in Pigeon Forge history, with help from onsite genealogy researchers.

This year’s show will feature authentic Civil War era songs performed by multi-instrumentalist Mike Scott, out of Hendersonville, TN, who recently released an album of wartime music, Home Sweet Home: Instrumental Tribute to the Civil War Era of Songs. Also, there will be an appearance Gerald Augustus, who is the author of the book The Loudon County Area of East Tennessee in the War 1861-1865, and will  speak about the importance of preserving the land where Civil War battles were fought.

Tickets for both Saturday and Sunday only cost $8.00 for adults and $4.00 for children ages 12 and under. The event will last from 9 a.m. to 5:00 p.m. on Saturday, and from 9:00 a.m. to 1:00 p.m. on Sunday. Please go to http://www.smokymountaincivilwarshow.com, or http://www.visitmysmokies.com, to find out more.

Unique events like the Smoky Mountain Civil War Relic Show and Sale make the Great Smoky Mountain area a great place for education, history, culture, the arts, music, and so much more. Why not consider looking at what the Smoky Mountain area can offer you today? We have many featured properties still available for those coming to the area, and are looking for a home to call their own. Please feel free to browse our available properties today, and see why the Great Smoky Mountains are such a great and unique place.

 

Here Are A Few of My Featured Listings:

Amazing Mount LeConte Views Over $28,000 in rental income for 2012! Nicely decorated cabin with fantastic views of Mt LeConte. Enjoy the views from the spacious decking this cabin has to offer. Type: Single Family Home Location: Chalet Village Price: $219,900 Get more information >
Mount LeConte Views $24,486 in rental income for 2012!! Beautiful views of Mt. LeConte & the smokies from all three levels of this chalet in sought after Chalet Village North. Type: Single Family Home Location: Chalet Village Price: $269,900 Get more information >
Ready To Make You $$$ There is $$$ to be made – produced just under $30,000 in rental income for 2012!! Excellent views of the the Smokies along with year around sun rises from both floors of this 5 bedroom 5 bath chalet. Type: Single Family Home Location: Chalet Village Price: $289,900 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.SmokyMountainLifestyle.com

Heading Into August The Smoky Mountain Real Estate Market Continues Its Gradual, Steady Growth

buyersroad

For much of this year, we have seen both the national and local real estate markets steadily grow and show a steady climb to positive numbers. As we look at the statistics for the Great Smoky Mountain real estate market through July of this year, we will see that this gradual trend continues. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see a slight decrease versus last year of 3%. This represents 21 less homes sold in comparison to the same period in 2012. Even with the decrease in this number, as we look at the rest of the statistics, we will see that the market is still fairly stable and we expect this to continue and improve.

GRAPH 1 - RESIDENCES SOLD

 

In the category of Residential Dollar Volume for the year, we actually see a very slight increase through July of this year, as opposed to through July in 2012. This indicates that there is a slight increase while the number of homes shows a slight decrease, the recent trend of increasing home prices shows that a greater dollar volume in homes is being sold, showing a gradual and strengthening market reflective of greater confidence on the part of both buyers and sellers.

GRAPH 2 - TOTAL RESIDENTIAL VOLUME

 

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 gradual rise versus 2012, reflecting the recent national trend towards higher home prices. As inventory continues to decrease, we expect prices to continue their gradual increase, in line with both national and local trends.

GRAPH 3 - AVERAGE PRICE

 

In addition, available homes on the market continue to decline. Through July, we see a slight decrease of 1%, or 43 less homes on the market. As activity continues to stabilize, along with the national and local trends of rising home prices, this number will continue to dwindle.

GRAPH 4 - AVAILABLE INVENTORY

 

As markets continue this gradual trend of growth 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?

 

Here Are A Few of My Featured Listings:

Spacious Home w/Great Mtn Views Spacious home full of character & detail. A vintage door from the 1890’s welcomes you inside where you will find vaulted ceilings, lots of windows and lots of unique spaces. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $359,200 Get more information >
Great Views & Privacy This three level cabin has consistently produced right at $30k a year in rental income every year since 2007! Located on a private lot it features a great view and a lot of windows and deck space for enjoying the scenery Type: Single Family Home Location: Pigeon Forge Price: $279,900 Get more information >
A View Second To None Over $40,000 in rental income for 2012! Aptly named A View Second To None, this chalet has breathtaking views of Mt. LeConte. Located just minutes to downtown Gatlinburg & Ober Gatlinburg Ski Resort. Type: Single Family Home Location: Chalet Village Price: $259,900 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.SmokyMountainLifestyle.com

Fed Seeking to Ease Recent Increase in Interest Rates

Real Estate Deals

 

Federal Reserve officials recently expanded upon the latest comments by Fed Chairman Ben Bernanke, whose comments led a recent sudden spike in interest rates, including mortgage rates, which increased to the highest levels seen in nearly two years. The effects of this recent spike have led to potential increased borrowing costs for first-time and returning homebuyers, at a time when the housing market is showing slow, but steady, national growth.

 

Bernanke’s recent comments indicated that the Fed would reduce the amount of bond purchases that it has made since the 2008 economic downturn, along with keeping the benchmark interest rate down at all-time lows. However, according to William C. Dudley, President of the Federal Reserve Bank in New York, any increase in the Fed’s benchmark interest rate is “very likely to be a long way off,” and that any decision to reduce the pace of asset purchases wouldn’t represent a withdrawal of stimulus.

 

In fact, showing the reflectiveness of this recent rate spike, the average rate for a 30-year fixed mortgage recently rose to 4.46 percent from 3.93 percent, the biggest one-week increase since 1987, McLean, Virginia-based Freddie Mac said in a statement. The rate was the highest since July 2011 and above 4 percent for the first time since March 2012.

 

What does all of this mean? For the long-term housing market, especially for first-time and returning homebuyers, the Fed’s recent trend to consider a reduction of bond purchases and assets indicates a shift that may result in higher interest rates, including mortgage rates. While not immediate, the trends, as well as recent comments by the Fed, indicate that interest rates will go up in the long-term – it is just a matter of when and by how much.

 

There are still many great deals on homes available in the Great Smoky Mountain market, and today is a good time to look for the many properties that are available right now.  If you have thought about purchasing a property in the Great Smoky Mountain region, now is the time to start looking. We invite you to browse our available properties in the area.

 

Here Are A Few of My Featured Listings:

 

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: $325,000 Get more information >
Beautiful & Spacious Home w/Amazing View Over $185,000 in rental income from 5/1/12-4/30/13. Self managed using VBRO.com eliminating big management fees and improving net income. Prepare to be impressed by the top quality construction and high end finish work. Type: Single Family Home Location: Gatlinburg,Tennessee Price: $1,950,000 Get more information >
Beautiful Cedar Log Home w/Mtn View Beautiful, private, and well-maintained 4 BD/2.5 BA cedar log home located with Amazing Mountain and Natural views! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $589,000 Get more information >

 

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

 

 

Come Enjoy the 38th Annual Gatlinburg Summer Craftsmen’s Fair from July 19-28, 2013!

craftsmens-fair

From July 19-28, 2013, Gatlinburg is home one of the Southeast’s most popular events – the 38th Annual Craftsmen’s Fair, which will be held starting Friday, July 19th, and goes until Sunday, July 28th, at the Gatlinburg Convention  Center, located in downtown Gatlinburg.

 

The 38th annual fair features 200 booths from artisans and craftsmen all over the United States, featuring the most unique and top quality arts and crafts. There also will be free live country and bluegrass music at the event, including Dennis Lee and Band, along with Tim Watson, “The Fiddle Man,” who will perform at 12 p.m., 2 p.m. and 4 p.m. each day of the fair.

 

The 38th Annual Craftsmen’s Fair in Gatlinburg will be 10 a.m. to 6 p.m. daily, except for Sunday, which is 10 a.m. to 5 p.m. Admission for adults is $6, and children 12 and under are admitted free. The Gatlinburg Convention Center is located at Traffic Light #8 in downtown Gatlinburg. For more information, please visit http://www.craftsmenfair.com, or call (865) 436-7479.

 

Gatlinburg is home to a very unique arts and crafts community, and fairs such as the Craftsmen’s Fair, held every Summer and Fall, are highly popular and draw considerable interest to the area. In addition, these unique events are one of many reasons the Great Smoky Mountains are a great place to live or purchase an investment property. Studies continue to show that first-time homebuyers, along with looking for available properties, are also looking for a sense of place and for activities that create a greater sense of community for them. As people come to Gatlinburg to enjoy this unique event, people will also have the opportunity to explore the many properties available in the area for those looking to become a part of the many unique and special communities in and around the Great Smoky Mountains, including Gatlinburg. There are numerous home choices available, and we are here to help you through every step of your journey towards being a homeowner.

 

Here Are A Few of My Featured Listings:

3 BD/2 BA Home w/Rolling Hills This recently built 3 BD/2 BA contemporary home is located only minutes from downtown Sevierville and Dollywood in a growing subdivision. Type: Single Family Home Location: Sevierville,TN Price: $149,900 Get more information >
Chalet w/ Amazing Mtn. Views Beautiful 3 BD/3 BA Mountain Contemporary Chalet located minutes from downtown Gatlinburg and Ober Gatlinburg! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $299,900 Get more information >
Beautiful Private Cabin w/City View Beautiful, private 4 Bedroom/3 Bathroom home located just below Ober Gatlinburg. Type: Single Family Home Location: Gatlinburg,Tennessee Price: $195,000 Get more information >

 

 

The Jason White Team
Century 21 Four Seasons Realty

1441 Wiley Oakley Drive
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: http://www.smokymountainlifestyle.com

Move to Gatlinburg TN, Reason #2

No Tennessee Income Tax
No Tennessee Income Tax

Yet another reason to move to Gatlinburg TN is a statewide perk of living in Tennessee. 

There is no Tennessee state income tax. 

This means that you won’t pay any extra taxes on your income and you will only have to file one tax return in April each year. 

Since we are talking about taxes there are some exceptions to the Tennessee no income tax law and they can be found here

Jason White, a Gatlinburg real estate agent, can provide you with more information about other reasons to move to Gatlinburg TN and can show you some fantastic Gatlinburg TN real estate.

Pigeon Forge TN Real Estate

Pigeon Forge Tennessee
Pigeon Forge Tennessee

Located in the Great Smoky Mountains in Tennessee is Pigeon Forge.  Known as an affordable family vacation or honeymoon destination, beautiful homes lie snuggled into the forest and mountain surroundings. 

The beautiful views and woodsy atmosphere can be cherished from any number of the available Pigeon Forge TN real estate options in the area. 

This area of TN real estate can be a great investment or utilized as a vacation or retirement home. 

With plenty of activities in the area, especially for the great outdoors-man, buying Pigeon Forge Tennessee real estate can be something you and your family can enjoy in the years to come. 

For more information on how to purchase Pigeon Forge TN real estate or other Smoky Mountain TN property, please contact Pigeon Forge TN real estate agent, Jason White.

Gatlinburg, TN Real Estate

Gatlinburg, TN Attractions
Gatlinburg, TN Attractions

Gatlinburg, Tennessee real estate sits amongst the splendid Smoky Mountains. 

Providing all the charm of a small mountain town, Gatlinburg, TN also sits adjacent to the Great Smoky Mountains National Park, which now draws close to nine million visitors annually. 

This tourist destination provides Gatlinburg, TN real estate owners with a mountain resort destination to live, visit, or retire. 

Gatlinburg, TN homeowners can enjoy a beautiful setting, fantastic restaurants, and attractions galore. 

For more information on how to purchase Gatlinburg, TN real estate or Smoky Mountain real estate, please contact Gatlinburg, TN real estate agent Jason White at Century 21.