Tennessee’s No. 2 Industry – Tourism

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.”

Impact of Travel. Source U.S. Travel Association
Tennessee Vacation Industry – Economic Impact of Travel. Source U.S. Travel Association

 

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.”

Tennessee Vacation Industry Annual Report
Tennessee Vacation Industry Annual Report

 

We look forward to providing local data as it becomes available to us!

December 2019 Real Estate Market Statistics

December 2019 Real Estate Market Statistics

 

Sevier County Homes

2181 homes sold in Sevier County from January to December of 2019.
2085 homes sold from January to December of 2018.
Sales are up 5%.
Average price has increased by 12% and is up by $29,000.
Average price is $289,255.
Available Inventory is down 3%, and Volume up by 17%.

 

Gatlinburg

352 homes sold in Gatlinburg from January to December of 2019.
347 homes sold from January to December of 2018.
Sales are up by 1%.
Average price has increased by 18% and is up by $45,000.
Average price is $305,174.
Available Inventory is down 4%, and Volume is up 19%.

 

Pigeon Forge

378 homes sold in Pigeon Forge from January to December of 2019.
395 homes sold from January to December of 2018.
Sales are down by 4%.
Average price has increased by 17% and is up by $49,000.
Average price is $338,198.
Available Inventory is flat, and Volume up by 12%.
*7 homes have been sold for over $1M in Pigeon Forge this year.

 

Sevierville

668 homes sold in Sevierville from January to December of 2019.
612 homes sold from January to December of 2018.
Sales are up by 9%.
Average price is up by 3%.
Average price is $260,531.
Available Inventory is up 2%,  and Volume up 13%.

 

Wears Valley

118 homes sold in Wears Valley from January to December of 2019.
139 homes sold from January to December of 2018.
Sales are down by 15%.
Average price has increased by 18% and is up by $56,000.
Average price is $369,809.
Available Inventory is down 3%, and Volume is flat.

 

Douglas Lake

63 homes sold on Douglas Lake from January to December of 2019.
59 homes sold from January to December of 2018.
Sales are up 7%.
Average price has increased by 11% and is up by $33,000.
Average price is $344,068.
Available Inventory is down 9%, and Volume up 18%

 

 

December 2019 Real Estate Market Statistics - Land

 

Sevier County Lots

676 lots sold in Sevier County from January to December of 2019.
558 lots sold from January to December of 2018.
Sales are up by 21%.
Average price has increased by 18% and is up by $9,000.
Average price is $64,099.
Available Inventory is down 7%, but Volume up by 43%.

Gatlinburg

159 lots sold in Gatlinburg from January to December of 2019.
108 lots sold from January to December of 2018.
Sales are up by 39%.
Average price has increased by 39% and is up by $16,000.
Average price is $59,360.
Available Inventory is down 4%, and Volume up by 104%.

 

Chalet Village

50 lots sold in Chalet Village from January to December of 2019.
41 lots sold from January to December of 2018.
Sales are up by 22%.
Average price is up by 28% and is up by $13,000.
Average price is $61,465.
Available Inventory is up 3%, and Volume up 56%.

 

Pigeon Forge

81 lots sold in Pigeon Forge from January to December of 2019.
57 lots sold from January to December of 2018.
Sales are up 42%.
Average price has increased by 30% and is up by $13,000.
Average price is $56,639.
Available Inventory is down 13%, and Volume up by 85%.

Sevier County, TN Housing Market Statistics for November 2019

Sevier County Market Report for Homes November 2019

Sevier County Homes

1987 homes sold in Sevier County from January to November of 2019.
1964 homes sold from January to November of 2018.
Sales are up 1%.
Average price has increased by 11% and is up by $29,000.
Average price is $288.896.
Available Inventory is down 3%, and Volume up by 13%.

Gatlinburg

309 homes sold in Gatlinburg from January to November of 2019.
326 homes sold from January to November of 2018.
Sales are down by 5%.
Average price has increased by 19% and is up by $49,000.
Average price is $308,482.
Available Inventory is down 5%, and Volume is up 13%.

Pigeon Forge

349 homes sold in Pigeon Forge from January to November of 2019.
375 homes sold from January to November of 2018.
Sales are down by 7%.
Average price has increased by 18% and is up by $51,000.
Average price is $338,487.
Available Inventory is down 2%, and Volume up by 10%.
*7 homes have been sold for over $1M in Pigeon Forge this year.

Sevierville

608 homes sold in Sevierville from January to November of 2019.
579 homes sold from January to November of 2018.
Sales are up by 5%.
Average price is up by 3%.
Average price is $259,838.
Available Inventory is down 1%,  and Volume up 8%.

Wears Valley

107 homes sold in Wears Valley from January to November of 2019.
132 homes sold from January to November of 2018.
Sales are down by 19%.
Average price has increased by 15% and is up by $46,000.
Average price is $361,854.
Available Inventory is down 5%, and Volume down by 7%.

Douglas Lake

63 homes sold on Douglas Lake from January to November of 2019.
58 homes sold from January to November of 2018.
Sales are up 9%.
Average price has increased by 10% and is up by $30,000.
Average price is $344,068.
Available Inventory is down 5%, and Volume up 19%

 

 

 

Sevier-County-Market Report for Land November 2019.
Sevier-County-Market Report for Land November 2019.

 

Sevier County Lots

626 lots sold in Sevier County from January to November of 2019.
508 lots sold from January to November of 2018.
Sales are up by 23%.
Average price has increased by 23% and is up by $11,000.
Average price is $64,132.
Available Inventory is down 8%, but Volume up by 51%.Gatlinburg

149 lots sold in Gatlinburg from January to November of 2019.
99 lots sold from January to November of 2018.
Sales are up by 51%.
Average price has increased by 31% and is up by $12,000.
Average price is $54,402.
Available Inventory is down 5%, and Volume up by 97%.

Chalet Village

45 lots sold in Chalet Village from January to November of 2019.
37 lots sold from January to November of 2018.
Sales are up by 22%.
Average price is up by 21% and is up by $10,000.
Average price is $59,338.
Available Inventory is up 3%, and Volume up 48%.

Pigeon Forge

74 lots sold in Pigeon Forge from January to November of 2019.
56 lots sold from January to November of 2018.
Sales are up 32%.
Average price has increased by 37% and is up by $16,000.
Average price is $60,323.
Available Inventory is down 14%, and Volume up by 81%.

Sevier County, TN Real Estate Trends – October 2019

Sevier County Market Report for Homes October 2019

 

Sevier County Homes

1803 homes sold in Sevier County during January and October of 2019.
1785 homes sold during January and October of 2018.
Sales are up 1%.
Average price has increased by 11% and is up by $27,000.
Average price is $285,253.
Available Inventory is down 5%, and Volume up by 12%.

Gatlinburg

282 homes sold in Gatlinburg during January and October of 2019.
291 homes sold during January and October of 2018.
Sales are down by 3%.
Average price has increased by 17% and is up by $44,000.
Average price is $298,910.
Available Inventory is down 7%, and Volume is up 14%.

Pigeon Forge

305 homes sold in Pigeon Forge during January and October of 2019.
335 homes sold during January and October of 2018.
Sales are down by 9%.
Average price has increased by 18% and is up by $52,000.
Average price is $339,830.
Available Inventory is down 4%, and Volume up by 8%.
*7 homes have been sold for over $1M in Pigeon Forge this year.

Sevierville

549 homes sold in Sevierville during January and October of 2019.
537 homes sold during January and October of 2018.
Sales are up by 2%.
Average price is up by 2%.
Average price is $257,512.
Available Inventory is down 2%,  and Volume up 4%.

Wears Valley

100 homes sold in Wears Valley during January and October of 2019.
121 homes sold during January and October of 2018.
Sales are down by 17%.
Average price has increased by 15% and is up by $46,000.
Average price is $355,794.
Available Inventory is down 7%, and Volume down by 5%.

Douglas Lake

57 homes sold on Douglas Lake during January and October of 2019.
52 homes sold during January and October of 2018.
Sales are up 10%.
Average price has increased by 15% and is up by $44,000.
Average price is $337,514.
Available Inventory is down 5%, and Volume up 26%

 

 

Sevier County Market Report for Homes October 2019

 

Sevier County Lots

570 lots sold in Sevier County during January and October of 2019.
456 lots sold during January and October of 2018.
Sales are up by 25%.
Average price has increased by 21% and is up by $11,000.
Average price is $63,890.
Available Inventory is down 8%, but Volume up by 51%.

Gatlinburg

142 lots sold in Gatlinburg during January and October of 2019.
87 lots sold during January and October of 2018.
Sales are up by 63%.
Average price has increased by 27% and is up by $11,000.
Average price is $53,873.
Available Inventory is down 1%, and Volume up by 108%.

Chalet Village

45 lots sold in Chalet Village during January and October of 2019.
36 lots sold during January and October of 2018.
Sales are up by 25%.
Average price is up by 19% and is up by $9,000.
Average price is $59,338.
Available Inventory is up 3%, and Volume up 49%.

Pigeon Forge

69 lots sold in Pigeon Forge during January and September of 2019.
51 lots sold during January and October of 2018.
Sales are up 35%.
Average price has increased by 46% and is up by $19,000.
Average price is $61,926.
Available Inventory is down 15%, and Volume up by 97%.

Sevier County Market Statistics for March 2019

March 2019 Residential Market Statistics for Sevier County, TN

 

Sevier County Homes

464 homes sold in Sevier County from January to March of 2019.
486 homes sold from January to March of 2018.
Sales are down 5%.
Average price has increased by 15% and is up by $36,000.
Average price is $274,582.
Available Inventory is down 12%, and Volume up by 10%.

 

Gatlinburg

65 homes sold in Gatlinburg from January to March of 2019.
87 homes sold from January to March of 2018.
Sales are down by 25%.
Average price has increased by 23% and is up by $50,000.
Average price is $274,277.
Available Inventory is down 25%, and Volume is down 8%.

 

Pigeon Forge

90 homes sold in Pigeon Forge from January to March of 2019.
100 homes sold from January to March of 2018.
Sales are down by 10%.
Average price has increased by 26% and is up by $70,000.
Average price is $341,226.
Available Inventory is down 19%, and Volume up by 13%.

 

Sevierville

147 homes sold in Sevierville from January to March of 2019.
150 homes sold from January to March of 2018.
Sales are down by 2%.
Average price is flat.
Average price is $240,738.
Available Inventory is down 9%,  and Volume down by 2%.

 

Wears Valley

26 homes sold in Wears Valley from January to March of 2019.
27 homes sold from January to March of 2018.
Sales are down by 4%.
Average price has increased by 32% and is up by $88,000.
Average price is $365,242.
Available Inventory is down 18%, and Volume is up by 27%.

Douglas Lake

12 homes sold on Douglas Lake from January to March of 2019.
11 homes sold from January to March of 2018.
Sales are up 9%.
Average price has increased by 82% and is up by $139,000.
Average price is $310,241.
Available Inventory is flat, and Volume up 99%

 

 

March 2019 - Land Real Estate Market Statistics for Sevier County, TN
March 2019 – Land Real Estate Market Statistics for Sevier County, TN

 

Sevier County Lots

139 lots sold in Sevier County from January to March of 2019.
137 lots sold from January to March of 2018.
Sales are up by 1%.
Average price has increased by 16% and is up by $8,000.
Average price is $59,851.
Available Inventory is down 10%, but Volume up by 18%.

Gatlinburg

40 lots sold in Gatlinburg from January to March of 2019.
21 lots sold from January to March of 2018.
Sales are up by 90%.
Average price has increased by 35% and is up by $14,000.
Average price is $56,565.
Available Inventory is up by 1%, and Volume up by 157%.

 

Chalet Village

13 lots sold in Chalet Village from January to March of 2019.
13 lots sold from January to March of 2018.
Sales are flat.
Average price is down by 12% and is down by $5,000.
Average price is $44,573.
Available Inventory is down 26%, and Volume is down 12%.

 

Pigeon Forge

17 lots sold in Pigeon Forge from January to March of 2019.
11 lots sold from January to March of 2018.
Sales are up 55%.
Average price has decreased by 44% and down by $20,000.
Average price is $25,494.
Available Inventory is down 18%, and Volume down by 14%.

2018 Year End Market Statistics for Sevier County, TN

Days on market ranged from 115 to 159 this year. DOM peaked in February at 159 days and fell to 115 by December for a reduction of 38%. 

Average Days on Market in 2018

 

Average List Price was lowest in January and rose until October. From 254,745 in January to $284,634 in October. A rise of 11% and a $30,000 change. A dip from October, at $284,634, to December, at $278,832.

Average Sale Price was lowest in January and rose until October. From $242,745 in January to $278,531 in October. A rise of 14% and a $35,000 change.

List to Sale Price in 2018

 

List to sale price ranged from 95.3% to 96.3% this year. List to sale price peaked in November to 96.4%, and was the lowest at 95.3% in January. 

List to Sale Price Ratio in 2018

2017 Year End Market Statistics for Sevier County, TN

Days on market ranged from 191 to 146 this year. DOM peaked in March at 191 days and fell to 146 by November for a reduction of 23%.

List to Sale Price Ratio in 2017

 

Average List Price was lowest in January and rose until December, with a slight dip in August and September. From $226,192 in January to $248,656 in July, followed by a dip to $242,361 in August with a continual rise until December to $252,833. A rise of 11% and a $26,000 change. 

Average Sale Price was lowest in January and rose until December, with a slight dip in August and September. From $215,541 in January to $237,767 in July, followed by a dip to $232,212 in August with a continual rise until December to $241,432. A rise of 10% and a $22,000 change. 

List to Sale Price in 2017

 

List to sale price ranged from 93.4% to 96.1% this year. List to sale price peaked in September to 96.1%, and was the lowest at 93.4% in February. 

Average Days on Market in 2017

2016 Year End Market Statistics for Sevier County, TN

Days on market ranged from 224 to 166 this year. DOM peaked in May at 224 days and fell to 166 days in December. Days on Market rose from March to May, and then began to decrease. 

Days on Market in 2106

 

Average List Price was lowest in January and rose until November, with a dip in June. From $206,872 in January to $226,191 in November. A rise of 9% and a $20,000 change. Average Sale Price was lowest in January and rose until November. From $195,365 in January to $226,191 in November. A rise of 15% and a $31,000 change.

List to Sale Price in 2016

 

List to sale ratio ranged from 94.4% to 95.9% this year. List to sale ratio peaked in November and December to 95.9%, and was the lowest at 94.4% in January and February. 

List to Sale Price Ratio in 2016

2015 Year End Market Statistics for Sevier County, TN

Days on market ranged from 215 to 192 this year. Days on Market rose from January to April, and then decreased from May to November, followed by an increase in December. Days on market peaked in April at 215 days and fell to 186 in November.

Days on Market 2015
Average Days on Market in 2015

 

Average List Price was lowest in January and rose until June, there was a decrease from July to October, with an increase in November and December. From $192,370 in January to $207,879 in June, with a decrease to $203,611 in October, and an increase to $205,853 in December. A rise of 8% and a $15,000 span.

Average Sale Price was lowest in January and rose until July, there was a decrease from August to October, with an increase in November and December. From $180,639 in January to $194,604 in July, with a decrease to $192,786 in October, and an increase to $194,236 in December. A rise of 7% and a $13,000 span.

Average List to Sale Price in 2015

 

List to sale price ration ranged from 93.3% to 94.7% this year. List to sale price ratio peaked in October to 94.7%, and was the lowest at 93.3% in April. 

List to Sale price ratio in 2015.