Market Report for the Smoky Mountains
482 Honey Oaks Way
Sevierville, TN 37876
$259,900. ID#: 215303
Cozy, well-built 2BD/3 BA 1600 sq. ft. log cabin. Panoramic views of Bluff Mountain from this property, which sits on just over 1 1/2 acres. Currently on rental program. More info
1130 Ski View Dr, Unit#113.
Gatlinburg, TN 37738
$152,900. ID#: 215302
2 BD/2 BA, 1,400+ sq. ft, condominium located in the Windswept Condominium Complex. Community pool and picnic area. Views of the Smokies and Mt. Leconte and is only minutes away from downtown Gatlinburg. More info
Smoky Mountain Market Report 3-1-2018
Featured Properties:
Country living close to city life- the best of both worlds!
3 BD/2.5 BA, 4,600+ sq ft country ranch home in Wears Valley. Ideal as a permanent, 2nd home, or rental property. Over 5 acres of beautiful private property with a mountain stream. More info
Stunning Views!
2 BD/2 BA, 1,600+ sq. ft. log cabin w/ some of the most amazing eye popping views of the Smokies, Dollywood, Bluff Mountain & Pigeon Forge lights that you will see in our area. Income around $52K annually. More info
Market Report for the Smoky Mountains
Featured Listing:
This cozy cabin won’t last long. Great price, great cabin!
Cozy 1 BD/1 BA log cabin, located in Wears Valley. Beautiful wooded location, along with mtn. views, large studio-style great room, complete w/high, vaulted ceilings, F/P, kitchen area, dining area, living room area, in-room whirlpool, & master BD, private master BA, which includes utility room. Has a front & rear porch/deck and hot tub. Great little vacation home or rental. Made 20K last year. More info
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%.
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 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.
Market Report for the Smoky Mountains
Featured Properties
Price Reductions
Architectural gem of 5000+ sq ft, 4 BD & 3 BA amidst a beautiful, centrally located neighborhood. Mountain views. More info
Spacious, 3 BD/2 BA contemporary-style mountain chalet, complete w/an attached 2-car carport. Only mins. to dwtn. Gatlinburg, the Nat’l Park, & much more. More info
Local Real Estate Market Continues to Climb
Smoky Mountains Market Report
The Great Smoky Mountains real estate market sees steady growth
Featured Properties:
1536 Zurich Gatlinburg, TN
$215,000 ID# 208705
Well-located, 3 BD/2 BA, 1,600+ sq ft mtn. chalet w/amazing mtn. & City views, located only mins. to dwtn. Gatlinburg. Ideal as a permanent or 2nd home, or as an overnight rental – has great potential as a rental.
1155 Upper Alpine Way Unit 802 Gatlinburg, TN
$130,000 ID#: 212013
High quality, 2 BD/2 BA, nearly 1,100 sq ft condo, made of solid, masonry construction. Great location inside the city limits of Gatlinburg, & only about a mile from Over Gatlinburg Ski resort.
Market Report Sevier County
Let’s take a look at the real estate market. Currently there are 219 sales pending in the market overall, leaving 743 listings still for sale. The resulting pending ratio is 22.8% (219 divided by 962).
The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply. Current inventory is described as “mildly active.”
The $150K – $200K price range has a relatively large number of contracts pending sale.
The $200K – $250K price range has a relatively large inventory of properties for sale at 142 listings. The average list price (or asking price) for all properties in this market is $334,531.
A total of 780 contracts have closed in the last 6 months with an average sold price of $232,350.
Breaking it down, the $150K – $200K price range contains the highest number of sold listings.
Alternatively, a total of 189 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $200K – $250K price range has the highest number of off-market listings at 37 properties.
Featured Properties:
$214,900 ID#: 211383
Spacious, well-located, 3 BD/2 BA contemporary-style mountain chalet, complete w/an attached 2-car carport, fenced back yard, seasonal view, and located only mins. to dwtn. Gatlinburg. Ideal as a permanent or 2nd home, or even as an overnight rental; currently used as a long-term tenant-rental. More information
426 Trentham Lane Gatlinburg, TN 37738
$399,900 ID#: 211292
Prime commercial property in the heart of downtown Gatlinburg. Walking distance to shopping, restaurants, attractions, national park, and trolley stop. A corner parcel with access from two streets. Level lot. Current site plan from Trotter and Associates includes 30 Efficiency units, 15 One bedroom units, and 9 two bedroom units with a total 54 units and 66 parking spaces. This would make an excellent hotel, apartment or condo location. Public water, gas and sewer. Over 233 ft of road frontage. More information