Featured Properties:

Country living close to city life- the best of both worlds!

$419,900  ID# 214632

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

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 

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. 

Featured Properties

Price Reductions

$456,800    ID#: 212271

Architectural gem of 5000+ sq ft, 4 BD & 3 BA amidst a beautiful, centrally located neighborhood. Mountain views.   More info

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.

For over the last few months, the local & national real estate markets have reflected a gradual and steady growth in several key real estate market categories. As we look at the statistics for the Great Smoky Mountains real estate market through January of 2017, we will see that such local & national trends, particularly in the Great Smoky Mountains real estate market, continue to reflect these same trends of gradual growth that we also see nationally. Let’s now see what the numbers have to say for January of 2017, as compared to those one year ago, in January of 2016.

In the category of Residences Sold, we see that in comparing January of 2017 to that of January of 2016, the number of residences sold increased by 8% in terms of homes being sold, as there were 200 more homes that were sold as of the end of January of 2017, as opposed to January of 2016. We will see if this trend continues with any future statistics in this category, but it does show a continued strong trend for residential sales on the whole, as well as continued growth.

In the category of Residential Dollar Volume from January of 2017, as opposed to January of 2016, we see an increase in terms of dollar volume. This category does show a continued high percentage from year-to-year, showing that there is continued, strong growth in this category. This continues to show a continued local, as well as national, trend of relatively steady, stable, and even robust growth in terms of this category, as well, and also continues to reflect the consistently higher home prices that have been taking place for over the last eighteen months now on a national scale.

In the category of Average Sold Price, we find that the sales price did not change much from January 2017 to that of January 2016.

In addition, available homes on the market are continuing to show a trend of steady decreases. Through January of 2017, as opposed to January of 2016, the number of available homes did decline by 8%, or reflecting a numerical decrease of 335 homes in terms of available inventory. This decline continues to show a marked decrease in terms of available inventory in the local market, and still reflects a continued decline in available inventory on the whole here in the local market, which has been occurring now for the last several months. This is largely in line with the latest national real estate trends, which also shows a gradual decline in available home inventory as a whole. This may foretell that with declining inventory, the local market is showing movement towards more people wanting to buy the available properties currently in the local market, and that with higher home prices, more people may feel a greater sense of confidence in placing their homes for sale on the market, along with greater interest in buying what inventory is currently available, as well. We will keep watching to see if this particular trend continues, and see what it does for the real estate market as a whole, both here locally, as well as nationally.

This Week’s Featured Property

  1322 N. Baden, Gatlinburg – $229,900 Beautifully crafted 2 BD/1.5 BA, 1,400+ sq ft, mountain chalet, located only mins. to downtown. Gatlinburg, the Nat’l Park, Ober Gatlinburg Ski Resort & within walking distance of the pools and tennis courts at the nearby Owner’s Club. Ideally suited as a permanent or 2nd home, or as an overnight rental. This cozy mountain chalet is well-located, has easy access to City-maintained roads & services, as well as having near ridge views. See for yourself today!

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. 

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 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.