Below is information about our market’s movement during the month of August. Notice that average price continues to increase, +13% for single family homes and +5% for land, while we continue to decline in inventory.
Prices are high and inventory is low, if you are think now might be the time to sell we’d love to help you determine the value of your property.
Below is information about our markets movement during the month of July. Notice that average price continues to increase, +24% for single family homes and +8% for land, while we continue to decline in inventory.
Here is information about year to date market movement.
The charts below represent price per square foot and days on market data broken down by number of bedrooms for Sevier County from May 2019 – March 2020.
Soon, we’ll provide data that includes Quarter 2 days on market and average price per square foot, which will provide year over year comparison.
Price per Square Foot
Days on Market
Below are a few articles about the national market movement.
“Home buying optimism soars in latest Fannie Mae survey”
“Home loans have never been cheaper, if you can find a willing lender.”
Below is information about our markets movement during the month of June. Notice that average price continues to increase, +24% for single family homes and +26% for land, while we continue to decline in inventory.
If you think now may be the right time for you to sell, we’d love to help you determine what your home or piece of land might be worth.
Year to Date Market Movement
Guess where the Great Smoky Mountains ended up on CBS’s list of most popular National Parks?
#1
The Smokies continue to be the most visited National Park.
“America’s most visited national park, Great Smoky Mountains straddles Tennessee and North Carolina, and features everything from mountains and waterfalls to hiking trails and historical attractions. Most visitors enter the park through Sevier County, Tennessee, and while there, many make a stop at Dollywood. Dolly Parton’s theme park draws 3 million people every year, and its success goes hand in hand with the success of the park.”
This comes with other perks too, not only did Sevierville land on FortuneBuilders Best Places to Buy Vacation Rental Property in 2020 so did Gatlinburg!
We think its nice to see the data that supports the growth we see in our community. We’ll share information from the state below. We are working diligently with local government entities to provide more granular information specific to each city.
The Tennessee Vacation Industry produces an annual report detailing the Department of Tourism Developments initiatives. This report runs from July to June, the most up to date report is from July 2018 to June 2019. Fiscal 2020 will be release sometime in September, per the previous years release.
“As Tennessee’s No. 2 industry, tourism has had another exceptional year, continuing to break visitation records and exceed economic impact numbers year over year. Tennessee’s skyrocketing growth is due in great part to key tourism partners throughout the state who invest in new attractions, groundbreaking expansions and important improvements.”
Tourism: Tennessee’s Economic Growth Engine , states “The results are undeniable:tourism is working in Tennessee. As the state’s leading service industry, tourism generated a record $1.81B in state and local tax revenues in 2018.”
Many things are uncertain right now and although we cannot predict what the future holds, we would like to provide you with some information about market movement during the month of May.
Year End Market Movement
Many things are uncertain right now and although we cannot predict what the future holds, we would like to provide you with some information about market movement during the month of April.
Many things are uncertain right now and although we cannot predict what the future holds, we would like to provide you with some information about market movement during the month of March.
We would also like to provide information about year to date market movement.
