Come Visit Now to Catch the Last of 2010’s Autumn Color and a Fine Selection of Smoky Mountain Homes

Posted by Gatlin on
Smoky Mountain Road in Autumn

Time in 2010 to view the beauty of autumn leaf color, or to buy Gatlinburg real estate is almost over.  November’s winds and precipitation will soon strip the remaining foliage off all, but the hardiest of trees.  The countdown to finalize a real estate purchase in calendar year 2010 gets more challenging by the day.   

However, the good news is that the Smoky Mountains winter festivals are just beginning, and they will replace leaf viewing.  In addition, real estate purchases can be enhanced by a minimal amount of foliage.  Without the covering of leaves, more becomes visible.  Buyers can easily see the proximity of neighboring homes and structures.  Noise transmits better without the deadening buffer of leaves.  Long range views become available and the phrase “winter views” reveals itself.  Property searches that occur after leaves fall, reveal more details in the topography and give buyers a better “lay of the land”.  If you are motivated to find your East Tennessee real estate before 2011, you need to scramble.  Beginning your search online and getting pre-qualified for financing will greatly accelerate your purchase.  Our website is geared to assist in this search process.  If you are ready to view in person, and finalize on a property, be sure to call ahead well in advance of your arrival.  This allows your realtor to reserve a block of time necessary to accommodate your needs.   

The interesting part of visiting the Smokies after leaves fall, is that other activities ramp up as the year winds down.  Winter festivals increase as you proceed through November.  The Winter Festival begins November 8th in Sevierville with; free food, entertainment, fireworks, and the switch flip to begin Sevier County’s Holiday lighting.  Pigeon Forge follows on November 9th with their lighting displays, and Gatlinburg follows on November 10th with Winter Magic and a chili cook off.  These dates mark only the beginning of a lengthy holiday lighting season.  The food, entertainment, fireworks, and fun, add to the festive season.  This blog has only scratched the surface of a season filled with activities.  Go online and search out the perfect activities for you and your family and time your visit to coincide with these events.  

Here are a Couple of My Current Listings: 

Foreclosure!! Walk to Gatlinburg!
Newest and nicest condominiums in Gatlinburg. Listen to the creek while enjoying the pool and hot tub area. Elevator, covered parking, and walking distance to Gatlinburg shopping and restaurants. Foreclosure-priced to sell!
Type: Condo
Location: Gatlinburg, Tennessee
Price: $199,900
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 >

Gatlinburg Homes and Residences Across the Nation Showed Gains in September

Posted by Gatlin on
Gatlinburg in the Fall

Gatlinburg real estate in existing-home sales showed gains in September 2010, like the rest of the U.S.  In previous blogs, we have covered the statistics for existing-home sales.  This category of home sales covers; single family, townhouses, condo’s, and co-ops.  It’s purpose is to track trends in the housing market for the National Association of Realtors and it’s members.  Existing home sales increased 10.0% in September 2010 to 4.53 million, over August’s totals.  The stats remain below the 5.60 million mark set in September 2009.  Readers should note that during this period last year, buyers were rushing to qualify for the deadline of the “home buyer tax credit” that expired in November 2009.

NAR’s chief economist, Lawrence Yun, is anticipating a housing recovery.  However, it could be complicated with the current foreclosure review, now impacting the country’s housing markets.  Low mortgage interest rates and favorable housing affordability are assisting buyers.  However, job creation in the economy and rising inventories of homes for sale, may impact the housing market into the future.  Yun feels that clearing out vacant homes and mortgage delinquent residences is important for a housing recovery.  Reducing home inventories especially in the deeply discounted sector of the market will improve price stability in U.S. housing.  First-time buyers continue to be a force in the current home market.  September revealed that 32% of purchased homes were bought by first time homebuyers.

Today’s residential market offers buyers and sellers good opportunities.  Sellers need to set pricing at realistic levels and stage their property for maximum buyer appeal.  Approved buyers will find attractive low interest rates on mortgages.  There are also plenty of homes to consider in making a selection.  Buyers can get started in their search online.  Our website offers adjustable criteria to limit selection to a buyer’s specific needs.  This saves everyone time and our Smokies’ property team is ready to help you finalize your purchase. Contact us today to get started. 

Here are a Few of My New and Current Listings:

Lots of Upgrades and Convenient Location
Beautiful home w/lots of upgrades and convenient to shopping and restaurants in Gatlinburg. Big spacious decks with level parking and fenced in yard. Perfect home for entertaining!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $189,900
Get more information >
Nestled Among the Trees w/ Mtn View
This chalet is nestled among the trees with close access to area attractions, ski lodge, shopping and the Great Smoky Mountains National Park.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Fantastic Views of Mt LeConte!!
Enjoy the fantastic views of Mt LeConte and the tram from the spacious decking of this nicely decorated cabin. Each bedroom has in suite baths as well. This is a must see!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $235,000
Get more information >

Fall is the Perfect Time for Leaf Viewing or Choosing a Gatlinburg Home For Sale

Posted by Gatlin on
Fall in the Smokies

Smoky Mountain homes are located in such a beautiful setting, that any season of the year is awesome.  However, the natural fireworks of autumn leaf color make this a spectacular time to visit the area.  All of us in the northern hemisphere realize at a cellular level, that the colder days of winter hibernation are almost upon us.  This sets off a sense of urgency that compells many people to get outdoors.  We need to savor the waning warmth of sun and enjoy nature’s final display of leaves as they disappear until next spring.  The Smokies offer special advantages to the autumn leaf viewer.  The leaf chemistry change and drop begins initially at the northern edge of the continent’s forested areas and then proceeds south.  By the time leaf color hits the Smokies, many northern areas are getting early snow and many leaves have dropped.  Our leaf viewing season offers many people a last chance to take in Nature’s display before it is gone.  Another unique facet to leaf viewing in these East Tennessee mountains is the topography of the land.  The elevation differences make fall colors more dramatic and three dimensional to our eyes.  In addition, the conversion changes from the top down.  Highest elevations will be the initial beacons of falls transmutation, as the procession moves down the mountains.  This elevational parade of color seems to stretch the time of autumn alchemy.  The enchantment of fall in the Smokies is further enhanced by a multitude of micro climates provided courtesy of nature and the lay of the land.  Some of these micro climate areas will move faster or slower in their progression of autumn hues.  All of this entices the visitor to come and savor what our area provides.   

Up to this point, we have focused on natural attractions of fall in the Smokies.  However, there is a multitude of man-made attractions that bring others to East Tennessee.  The “old time feel” of these mountains have always drawn automobile enthusiasts.  The beautiful, sunny, and cooler temperatures are more comfortable on people, as well as, modern and antique automobiles.  Check out websites that cater to car events and you will find plenty to select.  These sites post auto events right up until the snow flies.  Tennessee is certainly one of the top music states in our nation.  You can choose from; country, bluegrass, southern rock, blues, and more.  The events range from small venues to stadium-size arena events.  Our local and state wide websites can allow you to discover your perfect musical event.  Smokies’ leaf season is prime time from mid October thru mid November.  There are tons of unique dining events and arts and crafts shows that blend with our areas’ harvest festivals and Halloween.  No matter how unique your interests may be, there is almost certainly an event available for you.   

Provide your family and friends an opportunity to enjoy the Smokies at any time, consider purchasing property here in East Tennessee.  The possibilities in real estate are as endless, as the activities of the surrounding area.  Begin your search online and define your property criteria.  You can set pricing limits and a host of other elements so that you view only real estate that meets your needs.  This saves you valuable time.  When you are ready to make your final selection, our team is ready to help turn dreams into reality.  Contact us today to get started.    

Here are a Few of My Current Listings: 

Premier View of Smoky Mountains!
Condo with sought after mountain views and 3 bedroom plan. Indoor and outdoor pools, hot tubs and saunas and really close to the Great Smoky Mountain Nat’l Park and ski resort.
Type: Condo
Location: Gatlinburg, Tennessee
Price: $109,900
Get more information >
Private Acreage with Creek Frontage/View
Private acreage with beautiful mountain view and creek frontage and waterfall. Panoramic view with easy road access. Truly a dream come true for just the right person.
Type: Land
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >
Sits on Beautiful Pigeon River!!
Located on the state’s most pristine river this is truly a one-of-a-kind property. Listen to the sounds of the river on this 2.8 ac in upscale subdivision of Riversong. This home offers a gourmet kitchen, huge game room and even a playroom for the kids.
Type: Single Family Home
Location: Pittman Center
Price: $1,250,000
Get more information >

Official August 2010 Pending Home Sales and Housing Affordability is Great for Gatlinburg Real Estate

Posted by Gatlin on
Sunrise on Mt LeConte

 

The entire spectrum of Smoky Mountain real estate is currently enhanced by NAR’s data for August 2010.  As the country’s largest trade association, the National Association of Realtors uses some of its’ resources to supply members with nation-wide statistics on realty sales.  This data helps individual members better understand cycles in their own local markets.  There are 2 indices for August 2010 that are highlighted for this week’s blog.  The first index for our inspection is the Pending Home Sales Index.  Our blog has often referred to the PHSI.  This index is a future-oriented indicator.  It tracks home sales that are under contract, but not officially closed. Typically contracts on the PHSI officially close within 1-2 months.  New blog readers can trace the links on the specifics of the PHSI.  The NAR statisticians show that July 2010’s figure of 78.9 rose 4.3% to 82.3 in August.  The July and August 2010 index totals have shown increases, but they are below the August 2009 level of 103.0.  All of these need to be viewed in the light of federal government stimulus.  Last year’s figures were massively driven by federal intervention.  The current national real estate market is struggling to find it’s way back to a free market, outside of government stimulus.  This will take time since other related areas of our economy are also undergoing government intervention.   

Another influential index of note is Housing Affordability.  Current data shows that qualified buyers will find suitable factors enhancing their housing purchase.  First and foremost is the influence of low mortgage interest rates.  This along can make a home purchase very affordable.  The second key item in property purchases is the initial property costs.  Prices are certainly off their highs in almost all areas of the nation.  Most markets are seeing prices stabilize.  In prime real estate areas, prices on property may be starting to increase.  NAR Chief Economist, Lawrence Yun, cautions everyone that recovery in real estate takes time.  Factors like; job creation, consumer confidence, low inflation, and low interest rates are keys to sustained economic improvement.   

If you are considering a property purchase here in the East Tennessee Smokies, now could be a great time.  It is challenging to predict future events with precise knowing.  However, current conditions are favorable and other investment arenas are potentially more risk-prone than real estate.  Begin your search on our website in the comfort of your own home.  When it is time to finalize your purchase, the experience and expertise of the Jason White Team is available to turn your dream into reality. Contact us to get started today.   

Here are a Few of My Latest and Current Listings:  

Privacy with 5 acres!
If you are looking for privacy with acreage this is it! Covered porch with hot tub overlooking property with large boulders. Open floor plan with master on second floor and walkway leading to covered porch. Great rental history!
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Corner Condo with Spectacular Mtn Views!
Ground floor, corner unit with spectacular Great Smoky Mountain views. Wonderful indoor facility w/ pool as well as an outside pool.
Type: Condo
Location:Gatlinburg ,Tennessee
Price: $92,500
Get more information >
Top Floor w/ Best Mountain Views !!
Best views in the county. Really close to the Great Smoky Mountains with direct views of large peaks and city lights of Gatlinburg. This top floor condo is furnished nicely with access to outdoor pool and indoor pool area with amenities.
Type: Condo
Location:Gatlinburg ,Tennessee
Price: $117,000
Get more information >

Is a Gatlinburg Home For Sale, Your Next Purchase?

Posted by Gatlin on

Today’s blog examines local residential property statistics and the status of Tennessee Smoky Mountain real estate.  The source for this blog comes from the Great Smoky Mountain Association of Realtors.  GSMAR is a great local association that among many duties, provides it’s members with data on sales in a variety of real estate categories.  This information can often be used to predict market trends, and aid people in buying or selling their property.  As we have mentioned in previous blogs, market trends are best spotted in examining large spans of time.  However, year-to-date comparisons can prove helpful to determine personal timing for selling or buying investments, like real estate.  As we get into these statistics, bear in mind a caveat, that bears repeating.   Today’s financial markets from; real estate to intangibles, are seeking their own balance.  At this stage, many areas like real estate have been artificially manipulated by government and global forces that have distorted their “free market” direction.  When you view current statistics, realize that government intervention brought many first-time home buyers into the residential markets to claim their tax credit.  This acceleration of home buying is bound to create a slack period, once the federal stimulus ends.  This “end of stimulus” period is where we are currently.  Factor this into your personal evaluation of our residential sales figures that compare 2009 to 2010 year-to-date (at the end of September 30th for each year).

In total residences sold, 2010 is leading by 119 at 1,158.  This is an 11% increase.

Dollar volume sold year-to-date shows the current year down by 17% or $38,831,402.00.  Sales through September 2009 were $234,825,691.00.

Average residence sold is greater last year at $226,011.00.  2010’s average residence is 25% lower or $56,759.00 less. 

 

The 2010 category for active listings is greater by 833 (13% higher) with a total of 7,024 listings.  These categories reveal that first-time home buyers and discounted foreclosure/short sales are driving forces in the stimulus era, and beyond.

Today’s residential market requires sellers to stage ,and price their property strategically to move them quickly.  Qualified buyers will find ample opportunities to select great real estate.  Mortgage interest rates are very low.  There are numerous selections in property inventory.  Prices appear to be stabilizing, but they are off their highs.  The turbulence in other financial markets with; increased risk and low yields, could make a home in the Smokies, the perfect choice.  Go online or call us today, to get started on an exciting adventure to find your property.

Here are a Few of My Current Listings:

Location, Location, Location/ Great View
Great location on top floor and corner unit! The mountain views are breathtaking. Amenities include pool, hot tubs, and sauna.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $99,500
Get more information >
Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lakefront setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,000
Get more information >
Private with Beautiful Mountain View
Plenty of community ammenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

Considering Real Estate in Gatlinburg For Sale?

Posted by Gatlin on

 

NAR’s existing home sales numbers for August are complete, and they may influence your search for Smoky Mountain real estate.  The National Association of Realtors represents over a million members across the United States and it compiles data relevant to all aspects of the nation’s real estate market.  Data for existing-home sales has been used to track home purchases in America.  Since 1999, existing-home sales have included; single family homes, as well as; condos, townhouses, and co-ops.  These other home components were added to single family homes, because of their significant numbers as residences in large metropolitan areas.  The existing home sales data reflects completed monthly transaction totals for residences.  These are seasonally adjusted.  The monthly figures have more relevant trend significance, when they are compared over larger spans of time and from several different perspectives.  The current period is a good example.  To some readers, the decline of the last few months might appear grim.  However, when viewed longer term, and with the perspective that artificial government housing stimulus has just ended, that conclusion could be inaccurate. 

To gain some perspective, let us back track slightly.  April 2010 was the last month for federal stimulus.  Contracts had to be signed by the end of April, but there was some flexibility on official closing dates to qualify for the tax incentives.  The government intervention obviously beefed up April 2010 sales, by driving buyers into the market to get their cash.  The April 2010 number of 5.8 million looks robust, compared to an anemic 3.8 million in July 2010.  The improvement to 4.1 for last month (August 2010) is encouraging.  Some readers might feel that August 2010’s numbers, while improving, is still below the 5 million range we saw in much of last year. 

However, let us examine some of the potentially beneficial aspects in today’s property markets.  Despite much uncertainty in all investments, real estate offers a tangible place to park some portion of one’s savings.  Properties can be a fun  destination for generating rental income, as a vacation getaway or future retirement home.  NAR’s Chief Economist, Lawrence Yun points out that the residential property market is slowly recovering on it’s own, after substantial government support.  The August increase could be an indicator of this recovery.  The national median existing home price in August 2010 was $178,600 for all types.  This is up 0.8% from last year.  Any increase is impressive, given that deeply discounted properties, like foreclosures, currently make up about 1/3 of all real estate sales.  NAR President Vicki Cox Golder, feels many people are caught in the cross-fire of; Wall Street, the economy’s uncertainty, and housing’s positive aspects.  Prices seem to be stabilizing, interest rates for qualified buyers are low, and there is ample inventory of property for any category of real estate.

                                          

                              

Market timing is never an exact science.  Prices can go up or down. Each family or person must decide for themselves when to buy or sell.  When you are ready to move forward on TN Smoky Mountain real estate, visit us first.  We are leaders in fine Tennessee Smokies’ property.  Let us put years of area knowledge and expertise to work for you.  Contact us by phone at 877-678-2121 or go online to get started today!

Here are a Few of My Latest and Current Listings:

Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

Autumn in the Smoky Mountains is Special

Posted by Gatlin on
Fall color is coming!

 

Many people have homes in Gatlinburg and other areas throughout the Tennessee Smokies.  Most folks will agree that Autumn here in the Smokies, is uniquely special.  For one thing, the biodiversity of the trees and plant life is greater in this area, than most places on our planet.  This diversity expresses the fall leaf color in an incredible display.  To add to this cornucopia of color, we have it displayed in a dramatic three dimensional presentation of mountain topography.  The display is further enhanced by the element of elevation.  The highest peaks above 6,000 feet are more in sync with the northern U.S.  Trees up high will begin their leaf color change and eventual drop, way before the low valleys and hollows.  The autumn process is opposite the leafing out of Spring.  Springtime sees the green of leaves move up the mountains and fall starts out high and moves down.  This magical display provided by the forces of Mother Nature is further enhanced by our own internal clocks.  The circadian rhythms go off inside just about everyone.  That little inner voice urges us ever more dramatically. “The hibernation time of winter is approaching! Get out and enjoy the warmth and beauty before it is gone!” Even Mother Nature lends a hand.  Our blistering heat from summer mellows, and the evening temperatures drop to jacket comfort.  Even the intensely-tropical humidity levels back off, as cooler, drier air moves in.  For many of us, outside temperatures are just about perfect.    

Here are Some of the Local Activities Coming Up:    

 With the world of nature putting on the fall fireworks, the human-supplied activities also pick up their intensity. Autumn harvest festivals kick off all over the area.  The “Fall Colors in the Smoky Mountains“event runs September 15th thru November 15th.  Colors can be enjoyed on hikes to; Albright Grove, Andrews Bald, Alum Cave and Mt LeConte, to name just a few.  Auto cruising through; Gatlinburg to Cherokee, Roaring Fork, Greenbriar, and Newfound Gap Rd provide awesome fall vistas.  For outdoor enthusiasts, September 25th-26th has the 11th “Annual Smoky Mountain Trout Tournament“.  The “Smoky Mountain Harvest Festival” begins September 17th and runs through October 31st.  This features great food, and plenty of arts and crafts.  Our local ski resort at Ober Gatlinburg celebrates their Bavarian heritage with an “Oktoberfest“, that runs October 1st-31st.  The Oktoberfest has; costumes, music, food, and drink that take everyone back to life in the German Alps.  This blog barely begins to reveal all the fun and interesting activities available here in the East Tennessee Smokies.    

Go online to get a greater look at all the options you can enjoy.  While online, you can explore the possibilities of owning a home or other property in our area.  The spectrum of opportunities is endless.  You can look at primary or vacation homes, and view rental or other income properties.  All of this can be done at your own pace, in the privacy of your existing residence.  Furthermore, you can set personal parameters that save time in your search.  You receive available properties that only match your particular search criteria.  Begin your search today on our website!    

Here are a Few of My Current Listings:

Update w/ Spectacular Views of Mountains
This updated, meticulously maintained home is a beauty! Enjoy the spectacular northern view of the mountains from a level yard on one of many decks.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $229,900
Get more information >
15 Acre Mountain Lodge!!
Breathtaking views from this Mountain Lodge, on 15 acres, located in prestigious Chalet Village. 12 Master Suites all with their own whirlpool baths, LCD TV’s,king beds & private balconies w/ views! Room to entertain 100 people with parking for 14 cars.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,870,000
Get more information >
Unparallelled View of Great Smokies!!
Contemporary home with many interior updates and incredible view of ski slopes at Ober Gatlinburg and Great Smoky Mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $239,900
Get

Positive Aspects for Gatlinburg Real Estate in Today’s Economic Uncertainty

Posted by Gatlin on

Explore the advantages of Smoky Mountain real estate in our current time of unknown outcomes.  In preparing this blog, I drew upon my years of buying and selling East Tennessee Mountain real estate.  I combined this experience with data fresh out of the National Association of Realtors.  Their inspirational article was recently published (Sept 2010) and it explored positive angles in today’s property market.  The NAR research reveals that the economy is finding some stability and there is growth.  Despite the apparent weakness, the private sector is also creating some jobs.  National confidence among consumers is low, but the confidence level has risen off the bottom.  This indicates an improvement.  A highlight in the current market is 30 year mortgage rates. 

 

Qualified buyers will find these 30 year rates at very low levels.  The stimulus plan for home buyers has lessened the huge inventory of homes for sale.  The decrease in homes for sale has led to a stabilizing in median home prices.  NAR research shows that home-price-to-income ratios are at justifiable levels with fundamentals.  The article went on to forecast that NAR economists feel home prices will increase in upcoming years.  The NAR material also states that delinquencies are up.  However, recent loan origination’s with their tighter qualifications are currently performing well.  The data from NAR concluded with the idea that our national recovery could be assisted by long-term gains coming from housing-wealth.

If we take these positive highlights from the September NAR article, they can easily integrate with an investment program to initially purchase or perhaps upgrade a property here in the Tennessee Smokies.  Most stories of successful investing state that the best bargain in any investment portfolio are usually acquired when prices are off their highs and the mass of humanity is uncertain what to do.  Are property prices headed lower?  No one knows for certain.  However, if the government keeps printing money, home prices will most likely rise because new/replacement homes will cost more in materials and labor costs.  This should help drive up existing home costs.  Long term recovery will definitely be linked to job creation from the private sector.  Government job creation is only a temporary fix.  History shows that prolonged government spending without legitimate tax revenues to back that spending, will inevitably harm the nation’s currency.  If current government policies do not change, hard assets like real estate will hold value better than intangible assets.  For some of these reasons, real estate could be a great buy at this time.  As an added bonus, 30 year mortgage rates are quite low.  You could lock in a fine property ranging from a permanent home to a vacation rental.  Location is a key to property value.  It is difficult to find a more convenient, beautiful area, filled with amenities, like the Smokies.  Go online today and get started finding the perfect property investment for you and your family.

Here are a Few of My Current and Latest Listings:

Exceptional View and Location!
Exceptional cabin with exceptional views, amenities, and location. Fully furnished.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $299,900
Get more information >
Incredible Smoky Mountain Home & Views!
Outstanding workmanship and distinctive design make this gorgeous mountain getaway with five master suites, gourmet kitchen, HUGE rec room and magnificent,unblemished views of the Smokies a one of a kind!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,900
Get more information >
Surrounded by The Great Smoky Mountains!
Enjoy total privacy in one of the most picturesque settings in the area. Located in the prestigious community of Riversong and surrounded by The Great Smoky Mountains Nat’l Park you can hear the relaxing sounds of the Little Pigeon River from the decks.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $769,900
Get more information >
Mt LeConte View w/Large Open Floor Plan
5 bedrooms all with in suite baths for privacy. Huge great room for those family gatherings and could walk to trolley to take to town or to National Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $350,000
Get more information >

August 2010 Residential Sales for Gatlinburg Homes and Other Tennessee Smoky Mountain Communities

Posted by Gatlin on
August 2010 figures are available for Gatlinburg properties and other communities that make up the Great Smoky Mountains Association of Realtors.  This data can be helpful in spotting trends.  It can also be good in timing when to list, or purchase property.  The examination of August 2010 residential sales begins with the comparision of residences sold. 

Last August (2009) there were 136 residences sold.  Residential sales include; single family, townhouses, condo’s, and co-ops.  August of 2010 dropped 14, to 122 residences sold or 10% off the 2009 August Figures.

In the category of dollar volume sold, August 2010 came in at $22,275,984.00.  This compares to August of 2009 at $22,662,581.00 or less by 2% (down $386,597.00). 

Comparison of average cost of residence sold, favors August of 2010.  August 2010 comes in at $182,590.00 vs $166,637.00 for August of 2009.  This year’s August is up by $15,953.00 or 10% higher.

Active listings sees August of 2010 also leading at 4,083 or 596 more (17% increase).

Long term analysis is needed for accurately determining market trends.  However, some of this market data can be helpful.  Total residences sold, dollar volume sold, and average price per residence sold, may all be sorting out , after the impact of the federal stimulus ended.  Intervention by congress tends to muddy up the waters of the market.  It can take some time for true market trends to clearly reveal themselves, after an artificial stimulus ends.  Data suggests that the first-time homebuyer tax credit certainly fired up the lower-priced entry level of the residential market.  Number of homes sold, total dollar volume, and average residential price were all influenced by the stimulus.  An accurate assessment may not be possible in these categories for some time.  It does appear, that even with the decrease in overall residences sold (off 10% in August 2009 vs 2010), the average residence sale price is increasing and total dollar volume sold is almost even.  Currently the high end of the residential market is not as active as the entry level.  Buyers appear to be more selective and not as frenzied, as they were before the market peak.  With mortgage interest  rates low, and active lisings up, this is a great time to find a dream property.  Prices appear to be stabilizing, yet they are off their peak.  You can test the market, searching out properties in your own free time 24/7. Simply go to our website, search.smokymountainhomesnow.com. You can set up search criteria that exclusively pinpoints your own real estate needs.  This saves you time by providing only those properties that match what you desire.  It only takes a little investment of time to get started on your search.  Start today to find your Smokies dream property.

Here are a Few of My Current Listings:

Authentic Log Cabin/Great Rental Income
Authentic log cabin with fantastic rental history. 2 bedroom & bathroom suites each with total privacy.Amenities include game room,outdoor hot tub,on site pool and is located in the desirable Arts and Craft District to name a few.
Type: Single Family Home
Location: Gatlinburg,Tennessee
Price: $159,900
Get more information >
Pigeon River Right Outside Your Door!
This remodeled riverfront home is a sure to please. With the calming sounds of the Pigeon River right outside your door this completely remodeled home complete with sauna and hot tub are sure to take the stress away!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $329,900
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11 Bedroom- Smoky Mountain Stunner!
This 11BD/11.5BA mountain top home is designed with hardwood floors, high quality furnishings and antique decor throughout. A stunning handcrafted cedar staircase, sunroom w/large swim spa, sauna, media room, over 2500 sq ft of decking to enjoy the view!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,475,000
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Homes in Gatlinburg and Across the Nation See Mixed Results in July 2010

Posted by Gatlin on

Smoky Mountain real estate follows general property trends like much of the nation.  The July 2010 numbers from the National Association of Realtors in Washington, D.C. reveal some interesting results.  July 2010 figures for existing-home sales were substantially lower by 27.2% from June of 2010 and were off 25.5% compared to July of 2009.  The July 2010 3.83 million units sold is at a level equal to 1999, when existing home sales records began.  Existing home sales represents finalized transactions on; single family homes, townhouses, condominiums and co-ops.  Single family homes have typically made up a majority of the existing-home sales.  However, single family house sales are at lower levels not seen since May of 1995. 

Lawrence Yun, NAR’s chief economist, had predicted this soft period in existing home sales.  He expected the rush for the home buyer tax credit, that ended in April, would create this lull .  The Chief Economist expects the soft pace in existing home sales is probably going to continue through September of this year.  Yun is optimistic that housing affordability, combined with very low mortgage interest rates, could boost home sales later on.  The real key in a healthy housing market remains with the creation of jobs throughout our economy.  If serious job creation occurs, the existing-homes sales will increase.

However, there is encouraging news in single-family existing home prices.  The median price for a single-family home was $183,400 in July 2010.  This median price was up 0.9% from a year ago.  Across the county 11 out of 19 metropolitan statistical areas saw increases in home prices.  This price increase occurred even when the overall sales figures were declining.  If you are interested in buying or selling property in the Smokies, the Jason White Team can help.  As a buyer, you can start your search online.  Our website allows you to set parameters specific to your personal search.  Begin now to find that ideal property and utilize some very low mortgage rates.

Here are a Couple of My Latest Listings:

Fantastic Mountain View & One Level!
Want one level living and great mountain views? This home is for you! Private, level ground with yard and southern exposure not to mention the shady covered front porch and sunny open deck with hot tub.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $179,900
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Premier View of Smoky Mountains!
Condo with sought after mountain views and 3 bedroom plan. Indoor and outdoor pools, hot tubs and saunas and really close to the Great Smoky Mountain Nat’l Park and ski resort.
Type: Condo
Location: Gatlinburg, Tennessee
Price: $115,000
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