And The Half-Year Numbers Are In For Smoky Mountain Homes

Our Great Smoky Mountains Association of Realtors unveils their results of Gatlinburg home sales and other areas of interest.  Once again, we reveal the GSMAR totals on residential sales YTD through the month of June 2011.  Keep in mind, that these stats cover; single family homes, condo’s, townhouses, and co-ops.  This data helps to reveal trends in current real estate sales.  Readers must realize that today’s figures are focused on totals for the entire area covered by GSMAR.  Some areas within this survey far exceeded the rest.  It also bears repeating, that last year’s data was hugely influenced by the “federal homebuyer tax credit” stimulus program.  Any of these government incentives tend to skew results in favor of the time period when they operated.  With these items noted, let us look at the data.

In Total Residences Sold, 2011 comes in at 682 vs 2010 at 786.  This is lower by 13% or 104 units total

In Total Dollar Volume Sold 2011 lags 2010 by $22,690,731.00 or 17% ($112,860,980.00 to $135,551,711.00)

The category of Average Price Per Residence Sold comes close to breaking even.  2011 is only $6,973.00 less or 4% lower ($165,485.00 vs. $172,458.00)

In the final category of Active Listings, 2011 trumps 2010 with 596 more or 12% (5,403 to 4,807)

It is still early to tell, but larger home buyers may be getting into the market.  There is ample inventory for a great selection and qualified buyers will find good mortgage rates.  If you are looking for an; investment, retirement, or primary home, hop on our website.  We geared our site for clients.  You set your own search parameters, and look at your own pace.  Our team of professionals are ready when you want to finalize the deal.  Begin today and find your dream in the Smokies.

Here are a Few of My Latest, Current and Sold Properties:

Close to Pigeon Forge Attractions!
This quality built home is close to all the attractions in Pigeon Forge, yet very private. Pine tongue and groove throughout, 3 covered decks to enjoy the view, as well as level parking and a 1 car garage. Never on a rental program!
Type: Single Family Home
Location: Pigeon Forge, TN
Price: $299,900
Get more information >
Heritage Log Home w/ Views!!
Heritage log home with excellent mountain views and location. Open lot with level parking and great rental history. Did $23,885 gross rental in 2010.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $299,900
Get more information >
CONTRACT IN 37 DAYS!
Beautiful home high up in Gatlinburg. Freshly remodeled and includes furniture. Come and enjoy the mountain view from your covered porch or hot tub deck.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $199,900
Get more information >
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