March Real Estate Comparison Report for Smoky Mountains

Posted by Gatlin on

 

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 >

Looking at Homes in Gatlinburg?

Posted by Gatlin on

Mountain homes across the Smokies are great as an investment, or a vacation home.  This sector of the real estate market experienced good results in 2010.  A March 30th, 2011 article details the research on this material.  The data was compiled and published by the National Association of Realtors.  The article states that in 2010, vacation and investment home sales held their position in the property market place.  Vacation homes accounted for 10% of the market.  Investment home sales were 17% of the total homes sold.  These numbers are intriguing, because sales volume for the overall market declined from 2009.

This news is quite significant for a number of reasons.  The most important factor is that credit in the housing market is tight.  To avoid another bubble with bad mortgages, the federal government has cranked down the screws on easy lending.  This makes it tougher to qualify for financing.  Investment and vacation homes, have even more stringent lending guidelines.  All cash purchases make up a significant percentage of investment/vacation homes.  The buyers of the second home market are savy.  Foreclosures or discounted property made up a greater percentage than primary home buyers.  The median price for this “non-primary” home market is significantly below prices for primary homes.  It would appear that many investors are purchasing second homes as investment.  These homes preserve the value of hard-earned dollars, provide a great place to enjoy, and avoid the roller coaster ride of the stock markets.

If you are contemplating a second home for vacations, or investment, consider the Smokies.  This area is in the leading quadrant of the nation for secondary home purchases.  Our website provides a perfect springboard to begin your dive into investment property.  Contact us today to get started.

Here are a Few of My Current Listings:

Excellent Views /Architectural Icon!
This commanding architectural icon is an award winning design. Fantastic floor plan, quality contruction, outrageous mountain views from all rooms, gas generator, lots or level parking and 5 master suites all with their own screened in porch. Must see!
Type: Single Family Home
Location: Chalet Village
Price: $990,000
Get more information >
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: $99,900
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 Nat’l Park.
Type: Single Family Home
Location: Chalet Village
Price: $229,000
Get more information >

Springtime in a Gatlinburg Home is Special

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Road lined with Bradford Pear Trees in Full Bloom

  

 Owning Smoky Mountain real estate allows you to stay here and really savor spring.  The luxury of ownership gives a person the gift of more time to enjoy the full spectrum of a season.  This unrushed opportunity expands a person’s perspective and enjoyment.  It is like watching a movie of Spring compared to still pictures.  Both are beautiful, but the movie offers a greater, more detailed view.  This is true with an extended stay versus the weekend visit.  For those of you planning a trip to the Smokies, springtime can be fabulous.  Birds and other wildlife are full of renewed energy.  Winter snow melt and abundant rainfall are greening up the mountain sides.  Creeks, rivers, and waterfalls are full and provide awesome beauty.  Wild flowers, plants, and trees are popping out and moving their color up the mountains.There are also many activities this time of year.  Gatlinburg has it’s Smoky Mountain Spring Fest that starts March 11th and runs to June 6th.  The natural beauty of the area is highlighted by downtown floral displays, live entertainment, dining opportunities, and local arts and crafts sales.  Special Easter Church Services highlight this religious holiday.  Barbecue events, the Spring Wildflower Pilgrimage, and the Gatlinburg Scottish Highland Games provide interesting aspects to the fun this area has to offer.      

Take time to go online and check out events in advance of your visit.  If you are interested in acquiring property in the Smokies, so you can enjoy the seasons and events any time of year, begin on online and view the array of homes available in our area. Our website it geared to provide you with everything you need.  Set your own parameters and proceed on your property search at your own pace.  When you find that special piece of real estate contact us to help you finalize the process.   

Here are a Few of My Latest Listings:     

Private patio w/ view of Mt LeConte!
Corner unit on main floor with no steps to the front door! Even a patio facing Mt LeConte and a screened porch with ridge and valley views. Two master suites, lots of storage space, open floor plan and dining room. Enjoy the on-site pool and hot tub.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $149,900
Get more information >
Incredible Mtn View w/ Soaring Ceilings
Cozy log cabin just minutes to Downtown Gatlinburg and Pigeon Forge. Incredible mountain view can be enjoyed from your hot tub or open floor plan with soaring ceilings. Even a game room in the loft. Spacious 1 bedroom w/ hugh master and attached bath.
Type: Single Family Home
Location: Gatlinburg,Tennessee
Price: $139,900
Get more information >
High on a Ridge outside of Gatlinburg
Log cabin high on a ridge with spectacular views of the Smokies. Excellent location- only 5 mins to Gatlinburg or Pigeon Forge. Cozy log construction.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $139,900
Get more information >

Mountain Home Purchasing and Safety While Hiking

Posted by Gatlin on

A purchase of Gatlinburg property or other Smoky Mountain real estate opens the door for new forms of recreational pastimes.  One of this region’s popular outdoor activities, is hiking.  It truly allows people to get up close and personal, with the awesome beauty of this area.  However, there are always potential dangers in any activity.  Especially, if you are a novice to hiking.  With any activity, accurately assess your level of fitness, and your competence.  For new hikers, you should always hike with a partner.  It helps to get out with someone who knows the area and is experienced.  Read up on where you choose to go, and stick to established trails, until you gain expertise in outdoor skills.  Alert others of your hike route, and expected return time.  Wear appropriate clothing and footwear, for the terrain and weather conditions.  Begin with short routes, and work up to more challenging hikes.  Depending on the length of your intended trail, bring along a pack to carry essential supplies.  The following might be considered essential items.  A reliable flashlight with fresh batteries, a pocket knife, drinking water, a coat, hat, or rain gear, snacks, a compass/GPS, and first aid items can be valuable in the appropriate situations.  It is always wise to check weather conditions, and be alert for sudden changes that could adversely impact your adventure.

Hiking trips here in the southern Appalachians require an awareness of local wildlife.  It is important to avoid reaching, or stepping into blind locations.  With poisonous spiders, scorpions, and snakes widely available, be certain you are not coming into contact with these creatures accidentally.  At the other end of the animal kingdom, hikers should be aware of their proximity to larger animals like; bears, wild boar, big cats, etc.  Be observant of your distance, and their reactions to you.  Bears in particular can be extremely defensive in protecting their young.  Often bears are attracted to your food.  Feeding them only sets up later problems.  Maintain distance, but do not attempt to run away.  Noise, appearing large, or in numbers, is often a deterrent to curious bears.  The best approach is to be aware, make noise, and do not allow a close encounter to occur.  For greater details on hiking safety go to your; library, bookstore, or go online.

The last word on safety is to protect the Great Smoky National Park for future generations.  All aspects of the park are protected. Rocks, soil, mosses, plants, trees, and animals are protected by fines and possible imprisonment for violations.  The only exceptions is fishing, but regulations are strict.  Understand the laws and obey them.

An activity, like hiking in the Smokies, requires knowledge and preparation. So does purchasing real estate in the area.  Go with a proven leader who has a track record.  The Jason White Team allows you to proceed at your own pace, during the search process.  When needed, our team of professionals is there to provide the expertise to help you “ink the deal”.  Check us out online, to begin today.

Here are a Few of My Latest Listings:

2.57 Acres on Little Pigeon River !!
Once in a lifetime do you find property like this. Located in desirable Riversong Estates. You can build your dream home right on the river with 250 ft of river frontage,or further up the hill with road access to both. Prestine water out of the Smokies.
Type: Land
Location: Pittman Center
Price: $199,900
Get more information >
Unique and Artistic Log Home
A very unique and artistic log home. Very private yet within walking distance to the arts and crafts community in Pittman Center. Beautiful mountain view from the stone patio,covered front porch w/hot tub, and lots of stained glass throughout.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $189,900
Get more information >
Mountain Top Home w/ Incredible Mtn View
Luxurious top of the mountain home which maximizes the enjoyment of the view from this house. All master suites,stone patio w/gazebo & hot tub that has been used for weddings due to it’s beautiful setting. Even level parking for lots of family gatherings.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $599,900
Get more information >
Log Home w/ Rental History!
True log home with lots of charm and modern comfort. Only five minutes to Gatlinburg, ski resort and Great Smoky Mountains. Totally updated top to bottom with new appliances, first rate oak floors, fixtures, granite bath counter and much more. Must see!
Type: Single Family Home
Location: Chalet Village
Price: $139,988
Get more information >

Deals On Homes For Sale In Gatlinburg Could Be Slowing

Posted by Gatlin on

Discounted mountain homes could soon become a rarity.  An article in USA todayindicates that the number of homes getting some kind of  foreclosure notice fell from January to February 2011.  In this real estate story out of Los Angeles, author Alex Veiga says, foreclosure notices are at a 36 month low.  Our recent February’s numbers are 15% lower than this January and February 2011 vs February 2010 is 27% less.  Much of the background data for the story was supplied by foreclosure listing company Realty Trac.  Before everyone gets ready to celebrate an end to the large foreclosure mess, consider this.  In most of the nation we had a severe winter.  The inclement weather gets some credit for aiding the decline. However, the primary reason for the current decrease in foreclosures is state and federal investigations which began last fall.  This intervention became serious when evidence appeared to show that some banks railroaded through loads of foreclosures each day, without giving the borrowers a fair chance to keep their homes.  As Congress and State legislatures got involved, the banking industry and other home lenders in effect froze the foreclosure process.  All of these currently stalled delinquent homes, will eventually enter the foreclosure pipeline.  However, that could take some time.

Here at the Jason White Team, we have seen alot of activity in financially stressed property.  If you are interested in these bargain priced items, be sure to read our earlier blogson how to prepare.  One of the best preparation is to get preapproved for financing or get a certificate of funds for a cash purchase.  This way you can move fast when your bargain property appears. Call us today to see how we can help you find just the right property here in the mountains 877-678-2121.

Here are a Few of My New and Current Listings: (These are not foreclosures)

Fantastic View- Top Floor Condo!
You get fantastic mountain, valley and city light views with this top floor condo. Tastefully decorated with furnishing that are included. Outdoor pool/indoor pool, hot tub and sauna on site for your use as well.
Type: Single Family Home
Location: Chalet Village
Price: $69,900
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 acres 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 >
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 >

February Real Estate Comparison Report for Smoky Mountain Homes

Posted by Gatlin on

Monthly year-to-year comparisons can be useful in evaluating the value in a Gatlinburg home or other East Tennessee property.  These statistical reviews can offer insights into trends and potential future direction.  For this reason, we like to offer our readers a look at data compiled by the Great Smoky Mountains Association of Realtors.  Before we get into this material, it is important for new readers to view the data with several facts in mind.  First, this data is not entirely the work of free market action.  Early last year, we had  heavy real estate activity stimulated by serious government tax incentives.  So when you compare early 2010 to early 2011 keep this in mind.

In Total Residences Sold, 2011 has 68 sold, while 2010 had 124 sold.  The difference is 56 less for our current year or 45% lower.

In Dollar Volume Sold, 2011 has $11,009,476.00, while 2010 had $23,345,043.00. 2011 was 53% less ($12,335,567.00 lower in volume).

In Average Price Per Residence Sold, 2011’s average is $161,904.00, while 2010’s average is $188,266.00. The current year is $26,362.00 lower or 14% less than 2010.

In the category of Active Listings 2011 has 3,304 listings, while 2010 had 3,004 listings. Currently we have 305 more listings for an increase of 10%.

Comparing these two years is tough because the government intervention has biased the data.  However, some items are still true.  Residences are still selling, listings are up, and the lower end of the market appears more active.

Here at the Jason White Team, we work with real estate buyers and sellers.  Our website has tips for both parties.  We like to prepare our clients as best we can for the current market conditions.  Be sure to log on today and see how we earn our position as an industry leader in property sales for the Tennessee Smokies.

Here are a Few of My New and Current Listings:

Awesome Views and Beautifully Decorated!
Wow!! The Mountain Views! This cabin is loaded with decks so you can enjoy the beautiful scenery. Fully furnished with den/media room, plus recreation room for entertaining. Sit by the fire on a cool evening. This is a must see!
Type: Single Family Home
Location: Pigeon Forge
Price: $229,900
Get more information >
Quality Built Home on Private Corner Lot
Formal, custom built home on a very nice and private corner lot in beautiful neighborhood of Belle Meadows. Close to hospital and all the amenities that Sevierville has to offer.
Type: Single Family Home
Location: Sevierville,TN
Price: $289,900
Get more information >
Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lake front setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $795,000
Get more information >

National Trends Often Influence Gatlinburg Real Estate

Posted by Gatlin on

East Tennessee mountain homes sometimes follow general market trends of the nation.  In a Wall Street Journal article from earlier in February 2011, there is evidence that cash buyers are generating serious activity in real estate across the country.  A lot of the transactions are in seriously depressed markets. The author of this article feels that this action could be signaling a bottom or near-bottom in the property market.  As an example; last year in Miami-Fort Lauderdale, cash buyers accounted for over 50% of sales vs. 13% of buys in the 4th quarter of 2006.  Phoenix cash buyers were 42% in 2010. This was 3 times the cash purchases in 2008.  Market analysts are optimistic that a renewed vigor is returning to the nation’s property markets.  The increase of cash buyers can be good and bad.  The positive side of cash purchases is they are quick and easy transactions without the lenders involved.  The other side of cash purchases is that they are bargain driven.  If someone is plunking down a chunk of cash, they want a deal.  Sometimes the sellers are taking a beating especially in the country’s most depressed property markets. 

The Tennessee Smokies was never an out-of-control, high-flyer market.  We were much more conservative, unlike areas in California, Florida, Nevada, and Arizona.  Our market has remained healthier than most, in the recent decline.  If you are a cash buyer on a property search in the Smokies, there are still plenty of bargains available.  For those of you who wish to finance, getting pre-approved by your lender will give you the ability to move quickly, like a cash buyer.  Contact the Jason White Team today at 877-678-2121 to get started on your new and exciting search for property.

Here are a Few of My Latest Listings:

Fantastic Rental Income & Mtn View!
Incredible furnished rental with fantastic Mt LeConte view. Lots of decks w/hot tub to enjoy the view. Bedroom suites with recreation room and kitchenette for entertaining. Lots of room for large groups. Sleeps 18.
Type: Single Family Home
Location: Sevierville,TN
Price: $489,900
Get more information >
Close to Everything w/ Mtn View!
Close to everything including shopping,dining, etc. in Gatlinburg. Club house with pool and tennis courts close by as well. Green space/unbuildable lot across the street to insure privacy comes w/house. Great for detached garage!
Type: Single Family Home
Location: Chalet Village
Price: $249,900
Get more information >
Pre-Approved Short Sale! Mtn Views!!
Pre-approved short sales with an incredible view of Mt.LeConte. Fantastic log home with private setting! Many, many features including home theatre and private bath for each bedroom. Wow! Don’t miss this one!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $379,900
Get more information >
Posted by Gatlin on

Time an Event When Shopping For Gatlinburg Homes

Visiting this area to purchase Smoky Mountain Real Estate can become even more enjoyable.  If your property search coincides with a great local event, you pack in greater enjoyment for your time and money.  Mixing in some fun activities can help balance out some of the little stresses, from travel and the search for property.  As great as a new residence or vacation home might be, there can sometimes be stressful moments in the process.  Breaking up the shopping for real estate with recreation can help you recharge your energy and focus.  All of this is better when you are in town for something that appeals to you and your family.  This blog will give you the smallest look at upcoming events.  The best source for future activities is always on the internet calendar of events, for each community.  Gatlinburg, Pigeon Forge, and Sevierville will provide a multitude of community social gatherings that is sure to appeal to you and your family.  To merely skim the surface of this ocean of options, here are just a few.  Renew your wedding vows on the Grand Staircase of the Titanic. Enjoy Night Magic Skiing  at Ober Gatlinburg. Attend the 11th Annual Saddle Up celebration of cowboys and western life. Smoky Mountain Springfest in Gatlinburg is less than a month away. There is a upcoming Smoky Mountain Gymnastics Classic competition in Sevierville.  You can attend Bassmaster University and learn fishing from the pros. 

Any of these events can easily be worked into your schedule with a little planning for your trip.  Another key element that assures success in your property acquisition, is pre-planning.  Start searching online, determine your target areas, get financing pre-approval, and most of all talk with your agent before arrival.  Here at the Jason White Team, we stay busy helping clients find their dream property.  That is why it is so critical for us to set aside time to help you.  Call ahead 877-678-2121 and follow-up to be sure we can help you achieve your real estate goal.

Here are a Few of My Current Listings:

Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lake front setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $795,000
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: $375,000
Get more information >
Private with Beautiful Mountain View
Plenty of community amenities, 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 >

Have you considered your Gatlinburg Home for Sale?

Posted by Gatlin on

There can be challenges for selling mountain homes or other real estate.  This week’s blog will share 7 tips for a better home closing.  The source for this material came    through the National Association of Realtors.  This valuable Trade Association shares money saving tips that benefit both buyers and sellers.  Through the years, the NAR has seen people lose out on potential savings because they felt they were done in the property sales process.  Often the entire process of selling one home and buying another can leave one baffled by all the steps that are required.  These following 7 tips could save you additional money at closing time.

Tip #1: Avoid potential hassles by contacting all utility and service providers for; shut off, or transfer to your new address on the official closing date.  Make sure automatic scheduling of; fuel oil, propane, or other items is not an unintended gift for the new buyers of your old home.  Also be sure your home insurance ends at closing, and refunds of any prepaid premium are paid to you.

Tip #2: Notify important contacts of your change of address, in advance of the closing date.  Typically you file post office changes of address paperwork, 2-4 weeks before closing.  Obviously, credit card companies, subscription personnel of publications, brokers and financial institutions, as well as friends and families should be informed of the date of the change and new address.

Tip #3: Allow enough time to select a good moving company.  If your move is long distance, evaluate what should be moved.  Weight is a critical factor.  Also, contact your insurance agent to determine the extent of coverage, during the move.

Tip #4: Double check the math on your HUD-1 Settlement Statement, the day before the closing.  Everyone is human, mistakes can occur.  Make sure your statement is correct.

Tip #5: Along with #4 review all charges on your settlement statement.  Were all discounts or promises included? Were critical deal closers omitted?  Beware of statement omissions that could set you up for legal liability later on.

Tip #6: Make sure the settlement company credits you for prepaid expenses.  These may include; property taxes, homeowner association fees, partial tanks of fuel, etc.

Tip #7; Check all accounts to be sure none of your money is being held in escrow.  It is best to get your money right away, rather than to forget about it, or have it lose value over time.

Here at the Jason White Team, we have enjoyed much success because of our great clientele.  In return, we do everything possible to help and empower our clients. From our customer geared website with it’s market oriented blogs, to our experienced personnel, we work at giving you a rewarding win/win experience in real estate.  As a buyer or seller, we earn your respect one property transaction at a time.  Contact us today, at 877-678-2121 and let us assist you in achieving your real estate goals.

Here are a Few of My Current Listings:

Two Master Suites/Spectacular Mtn View
Two master suites with spectacular mountain views of the Great Smoky Mountains and Ober Gatlinburg Ski Resort. Fully furnished for immediate enjoyment of this beautifully decorated chalet. Great for permanent residence or rental.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
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 >
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: $219,900
Get more information >

A January Smoky Mountains Homes’ Sales Comparison

Posted by Gatlin on

It can be helpful when shopping for mountain homes, to evaluate sales figures year vs. year.  Our blog for this week takes a look at sales data compiled by the Great Smoky Mountains Association of Realtors.  Their figures compare January of 2010, to January of 2011 in residential sales.  Please remember, that residential sales is made up of; single family homes, condominiums, townhouses, and co-ops.  It is also important to factor in that January of 2010, home sales were activated by the federal home buyer stimulus program.  So we are definitely not evaluating two free market time frames. 

In the category of Total Residences Sold, January 2011 had 83 Residences Sold while January 2010 had 91.  This current January had 8 less or a decrease of 9% from 2010. 

In the category of Total Dollar Volume Sold, January 2011 had $14,493,030.00 sold, while January 2010 had $15,461,952.00 sold.  Our current January was down $968,922.00 or a decrease of 6% from 2010.

In the category of Average Cost per Residence Sold, January 2011 had an average of $174,615.00, while January 2010 had an average of $169,912.00. January 2011 had a greater average price by $4,703.00 or 3% higher than 2010.

 

In the category of Active Listings, January 2011 has 3,369 listings, while January 2010 had 3,053 active listings.  January of 2011 had 316 more active listings or 10% more.

As we mentioned before examining these categories of comparison, 2010 figures were definitely a reason to feel good.  Our current year has no artificial stimulus driving sales or bringing buyers into the market to get a tax break.  Even without the incentives, the numbers are less than 10% different.  In addition, the average cost per residence sold is rising and there is an increase in active listings. 

All of this shows that 2011 could be a good time to buy or sell a home.  Sellers need to stage their homes and price them strategically to sell them quickly.  Qualified buyers with pre-approved financing or cash buyers are definitely in a great position for today’s real estate market.  If you are interested in property here in the East Tennessee Smokies, contact the Jason White Team at 877-678-2121. The Smoky Mountain Lifestyle website is dedicated to providing our clients with an ease of operation that caters to their individual search criteria.  Contact us today and find that property you have always wanted!

Here are a Few of My Current Listings:

Exceptional View and Location!
Exceptional cabin with exceptional views, amenities, and location. Fully furnished.
Type: Single Family Home
Location:Gatlinburg ,Tennessee
Price: $279,900
Get more information >
Incredible Smoky Mountain Home & Views!
Outstanding workmanship and distinctive design make this gorgeous mountain get away 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 >
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: $1,950,000
Get more information >