March Real Estate Comparison Report for Smoky Mountains

 

Sales figures on Smoky Mountain Homes year-to-date and annual comparisons can be useful in spotting sales trends in Smoky Mountain real estate.  Often these can assist in the timing of either buying or selling a home.  Our sales team likes to provide blog readers with current data, so everyone can be well-informed in timing a property purchase or sale.  Please be aware that these figures for residences include; single family homes, condos, townhouses, and co-ops. 

In Total Residences Sold through the end of March 2011, there was 117 sold.  In the same time period last year, there were 144 residences sold.  Our current year is lower by 27 units or 19% less.

 

Total residential Dollar Volume Sold through the end of March 2011 was $20,892,924.00 vs $24,457,044 for March 2010.  Currently our year is off $3,564,120.00 or down 15% from 2010.

The Average Residential Sale through March of 2011 is $178,572.00.  Last year in the same time frame the average residence was $169,841.00.  This year, the average residence sold is $8,731.00 higher or 5% more.

In the catagory of active listings, this year comes in with 3,490.  This compares to the 2010 identical time period with 3,079 listings.  Again, our current year has 411 more at a 13% increase. 

As we mentioned in previous blogs, the full impact of the federal government stimulus may never be realized.  It certainly brought people into the real estate market earlier than many planned.  However, the market is always seeking equilibrium and working toward natural supply and demand.

If you are interested in buying or selling real estate here in the East Tennessee Smokies, start the easy way via our website.  We make everything geared to serve our clients.  So get started online and proceed at your own pace.  Our experienced sales team is available to help you finalize the deal.  Begin today and get your dream property.

Here are a Few of My Latest and Current Listings:

Updated Mountain Home w/ Views!
Beautiful mountain home with view, wrap around decks, updates throughout including kitchen, new appliances, quartz counter tops and glass tile back splash. Great for permanent residence or rental. Not currently on rental program.
Type: Single Family Home
Location: Chalet Village
Price: $249,900
Get more information >
Unobstructed Mtn Views/Immaculate!!
Immaculate, custom, well built home with incredible views. Enjoy the sunsets and sunrise from this unobstructed property, owning all the way to the street below. Main floor living on a cul-de-sac and walk to the Owners Club.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Fantastic View with Level Lawn Area
Lower floor condo unit with a fantastic view and level lawn area. The deck overlooks Mt LeConte and the ski slopes.
Type: Condo
Location: Chalet Village
Price: $76,900
Get more information >
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