Below is information about our market’s movement during the month of September. Notice that average price continues to increase, +28% for single family homes and is flat for land, while we continue to decline in inventory.

“Pending home sales continued with upward momentum in August. According to the National Association of REALTORS® (NAR), pending home sales for the month marked four consecutive months of growth, with gains across all major regions in both month-over-month and year-over-year transactions.

NAR’s Pending Home Sales Index (PHSI) rose 8.8 percent to 132.8 in August, with YoY contract signings increasing 24.2 percent.”

You can read the full National Association of REALTORS® (NAR) article here. 

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.

Residential

Land

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

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.

Sevier County Homes

354 homes sold in Sevier County during January and February of 2020.
282 homes sold during January and February of 2019.
Sales are up 26%.
Average price has increased by 18% and is up by $50,000.
Average price is $333,410.
Available Inventory is down 2%, and Volume up by 48%.

Gatlinburg

63 homes sold in Gatlinburg during January and February of 2020.
39 homes sold during January and February of 2019.
Sales are up by 62%.
Average price has increased by 16% and is up by $45,000.
Average price is $329,914.
Available Inventory is up 26%, and Volume is up 87%.

Pigeon Forge

79  homes sold in Pigeon Forge during January and February of 2020.
58 homes sold during January and February of 2019.
Sales are up 36%.
Average price has decreased by 2% and is down by $26,000.
Average price is $360,999.
Available Inventory is down 12%, and Volume up by 27%.

Sevierville

108 homes sold in Sevierville during January and February of 2020.
86 homes sold during January and February of 2019.
Sales are up by 26%.
Average price is up by 30%, and is up by $70,000
Average price is $306,708.
Available Inventory is up 3%,  and Volume up 63%.

Wears Valley

25 homes sold in Wears Valley during January and February of 2020.
16 homes sold during January and February of 2019.
Sales are up by 56%.
Average price has increased by 32% and is up by $100,000.
Average price is $418,568.
Available Inventory is up 47%, and Volume has more than doubled.

Douglas Lake

4 homes sold on Douglas Lake during January and February of 2020.
7 homes sold during January and February of 2019.
Sales are down 43%.
Average price has increased by 65% and is up by $155,000.
Average price is $395,651.
Available Inventory is down 38%, and down up by 6%

Sevier County Lots

110 lots sold in Sevier County during January and February of 2020.
94 lots sold during January and February of 2019.
Sales are up by 17%.
Average price has decreased by 12% and is down by $6,000.
Average price is $51,255.
Available Inventory is down 16%, and Volume up by 3%.

Gatlinburg

18 lots sold in Gatlinburg during January and February of 2020.
25 lots sold during January and February of 2019.
Sales are down by 28%.
Average price has decreased by 9% and is up by $3,000.
Average price is $39,361.
Available Inventory is down 23%, and Volume down by 34%.

Chalet Village

8 lots sold in Chalet Village during January and February of 2020.
9 lots sold during January and February of 2019.
Sales are down by 11%.
Average price is up by 27% and is up by $13,000.
Average price is $59,687.
Available Inventory is down by 7%, and Volume up by 13%.

Pigeon Forge

10 lots sold in Pigeon Forge during January and February of 2020.
14 lots sold during January and February of 2019.
Sales are down by 29%.
Average price is flat.
Average price is $23,130.
Available Inventory is down 35%, and Volume down by 29%.