Heading Into May, The Great Smoky Mountains Real Estate Market Continues to Remain Steady

Posted by Gatlin on May 1, 2014

Through the start of 2014, we have seen both the national and local real estate markets showing slow, but steady, growth on the whole in many real estate market categories, especially within the last 12 months. As we look at the statistics for the Great Smoky Mountain real estate market through April of this year, we will see that these trends, particularly in the Great Smoky Mountain real estate market, continue to remain steady in terms of these trends of real estate growth. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing April 2014 to that of April 2013, the number of residences sold actually increased by 3% in terms of homes sold, in that 39 more homes were sold as of the end of April 2014, as opposed to April 2013. This continues a trend of steadiness, as well as gradual growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed continue to reflect a steady and slowly growing trend for residences sold, in which we also see somewhat happening on the national level.

In the category of Residential Dollar Volume for the year, we see a largely steady increase of 9% through April 2014, as opposed to that of April 2013. With the steadiness of the increasing numbers as it relates to Residences Sold, as mentioned earlier, this reflects the ongoing local and national trends of increasing home prices, and still continues to demonstrate that a greater dollar volume in homes are in fact being sold, as compared to the same time a year ago. On balance, this still shows a continuation of a steadily strengthening real estate market for both the local and national real estate markets, showing greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for April 2014, as compared to that of April 2013, prices still show a largely steady increase of 6%, which is also reflective of the recent local and national trends towards gradually higher average home prices, which has remained constant for at least the last 12 months. As confidence continues to slowly grow between potential buyers and sellers in the market as a whole, we foresee that the trend of higher home prices will likely continue for the foreseeable future.

In addition, available homes on the market are now actually showing a slight decrease. Through April 2014, as opposed to April 2013, the number of available homes actually declined by 1%, showing that there was a marked decrease of 45 homes from this time last year, compared to that of April 2014. This actually is in line with the latest national real estate trends, which also shows a decline in available home inventory, as well. While it is too early to say if this trend will continue, it does show that available inventory of homes is starting to decline, and certainly bears watching to see if such a trend continues.

As markets continue these gradual trends of growth locally and across the nation, these statistics are largely expected to remain largely steady at least in the short-term, showing the same continued slow, but steady, strength and growth that has been the case for the last 12 months. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountains real estate market. Why not start your Great Smoky Mountains home search now by visiting our website, browsing our Featured Properties, and seeing what the Smoky Mountain area has to offer for you? You can also “Like” us on our Facebook page, or you can browse our team website further, to learn about The Jason White Team! Let us help you make your home ownership dreams a reality today!

Here Are A Few of My Featured Properties:

Unique, Private Home Only Mins. to Gatlinburg – Just Reduced! 3 BD/1BA, w/spacious screened-in porch, & built-in carport. Very private, heavily wooded, & has own backyard. Unique home at a great price! Type: Single-Family Home Location: Gatlinburg, TN Price: $127,000 For more information >

Private, Spacious, 3 BD/2 BA Home in Beautiful Pittman Center! Located in the Gatlinburg Arts & Crafts Community; mins. to dwtn. Gatlinburg & the Nat’l Park! Large living/dining rm, sunroom, 2-car garage, & level parking. Very private! Type: Single-Family Home Location: Gatlinburg, TN Price: $185,500 For more information >

Picturesque, Victorian-Style Chalet Only Mins. to Gatlinburg! Made near or above $20K in rental income in last 3 yrs.! 2 BD, w/2 full BA & 2 half BA, & Each BD has in-room W/P & Priv. BA. Amazing views of the Smokies! Unique home & great location! Type: Single-Family Home Location: Gatlinburg, TN Price: $279,000 For more information >

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
Email: jason@jasonwhiteteam.com
Website: https://gatlinburgrealestateforsale.com

Heading Into April, The Great Smoky Mountain Real Estate Market Holds Steady

Posted by Gatlin on April 3, 2014

Through the start of 2014, we have seen both the national and local real estate markets showing slow, but steady, growth on the whole, especially within the last year or so. As we look at the statistics for the Great Smoky Mountain real estate market through March of this year, we will see that these trends, particularly in the Great Smoky Mountain real estate market, continue to remain steady in terms of these trends of real estate growth. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing March 2014 to that of March 2013, the number of residences sold held steady with an increase by 1% in terms of homes sold, in that 14 more homes were sold as of March 2014, as opposed to March 2013. This continues a trend of steadiness, as well as gradual growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed continue to reflect a steady and slowly growing trend, reflective of the overall national trends concerning this category.

In the category of Residential Dollar Volume for the year, we see a largely steady increase of 8% through March 2014, as opposed to that of March 2013. With the steadiness of the numbers as it relates to Residences Sold, as mentioned earlier, this reflects local and national trends of increasing home prices, and still continues to demonstrate that a greater dollar volume in homes are being sold, as compared to the same time a year ago. On balance, this still shows a continuation of a steadily strengthening real estate market, showing greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for March 2014, as compared to that of March 2013, prices still show a largely steady increase of 7%, which is reflective of the recent local and national trends towards gradually higher home prices, which has remained constant for at least the last year or more. As confidence continues to grow between potential buyers and sellers in the market as a whole, we foresee that the trend of higher home prices will likely continue for the foreseeable future.

In addition, available homes on the market are actually showing a slight, albeit nominal, increase. Through March 2014, as opposed to March 2014, while the number of homes being listed as available on the market is relatively unchanged, there was a increase of 5 homes from March 2013 to that of March 2014. This shows that the number of available homes currently in the market have remained relatively unchanged, and even show a minimal increase, as we head into April 2014. This shows a possible leveling off of any sudden increases and/or decreases in the available inventory of real estate, indicating a possible greater market stability for numbers of available homes. While too early to tell if this will continue as such, it does show a gradual process by which greater stability is possible, at least in this category.

As markets continue these gradual trends of growth locally and across the nation, these statistics are largely expected to remain largely steady at least in the short-term, showing the same continued slow, but steady, strength and growth that has been the case for the last few months. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our Featured Properties, and seeing what the Smoky Mountain area has to offer for you? You can also “Like” us on our Facebook page, or you can browse our team website further, to learn about The Jason White Team! Let us help you make your home ownership dreams a reality today!

Here Are A Few of My Featured Properties:

Unique, Private Home Located Only Mins. to Gatlinburg! 3 BD/1BA, w/spacious screened-in porch, & built-in carport underneath. Exterior made of California Redwood, & Western Cedar on the interior. Very private, heavily wooded, & has own backyard. Unique home at a great price! Type: Single-Family Home Location: Gatlinburg, TN Price: $139,900 For more information >

Authentic Log Home w/Fantastic 180-Degree Views of Mt. LeConte & Smokies! Made $58,000+ in rental income in last 2 yrs. alone! Has split bedroom/bath suites for privacy & conscience. Has 2 deck levels, along w/level parking. Close to dwtn. Gatlinburg, but very private! Type: Single-Family Home Location: Gatlinburg, TN Price: $479,900 For more information >

Pristine 12 Acre Estate w/Majestic Mtn. Views & Close to Gatlinburg! Amazing property, w/unlimited potential as a residence, rental, or retreat center! Very spacious, & borders the Nat’l Park, creating your own 530,000 acre backyard! You’ll never find another unique property like this! Type: Single-Family Home Location: Gatlinburg, TN Price: $697,000 For more information >

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: (877) 678-2121
Fax: (865) 436-7227
Email: jason@jasonwhiteteam.com
Website: https://gatlinburgrealestateforsale.com

The Great Smoky Mountain Real Market Continues its Steady Growth Through February 2014

Posted by Gatlin on March 6, 2014

Through the start of 2014, we have seen both the national and local real estate markets showing slow, but steady, growth on the whole, especially within the last 12 months. As we look at the statistics for the Great Smoky Mountain real estate market through February of this year, we will see that these trends, particularly in the Great Smoky Mountain real estate market, continue to remain steady in terms of these trends of real estate growth. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing February 2014 to that of February 2013, the number of residences sold held steady with an increase by 1% in terms of homes sold, in that 14 more homes were sold as of February 2014, as opposed to February 2013. This continues a trend of steadiness, as well as gradual growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed continue to reflect a steady and slowly growing trend, reflective of the overall national trends concerning this category.

In the category of Residential Dollar Volume for the year, we see an increase of 8% through February 2014, as opposed to that of February 2013. With the steadiness of the numbers as it relates to Residences Sold, as mentioned earlier, this reflects local and national trends of increasing home prices, and still continues to demonstrate that a greater dollar volume in homes are being sold, as compared to the same time a year ago. This also still shows a steadily strengthening real estate market, showing greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for February 2014, as compared to that of February 2013, prices still show a slow, but gradual, rise of 7%, which is reflective of the recent local and national trends towards gradually higher home prices, which has remained constant for at least the last 12 months. As confidence continues to grow between potential buyers and sellers in the market as a whole, we see that the trend of higher home prices will likely continue for the foreseeable future.

In addition, available homes on the market are actually showing a slight, albeit nominal, decrease. Through February 2014, as opposed to February 2013, while the number of homes being listed as available on the market is relatively unchanged, there was a decrease of 14 homes from February 2013 to that of February 2014. This is a change in trends, which had been showing an increase in inventory, albeit slight in nature. This may show that with a lower inventory, the market is starting to show potential signs of movement towards more homes being sold as opposed as to those available for sale. While it is too early to tell if greater decreases in inventory are in the future, this bears watching to see if any further decreases are possible in this category.

As markets continue these gradual trends of growth locally and across the nation, these statistics are largely expected to remain largely steady at least in the short-term, showing the same continued slow, but steady, strength and growth that has been the case for the last few months. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for you? Let us help you make your home ownership dreams a reality today!

Here Are A Few of My Featured Properties:

Unique, Multiple Level Chalet Located Only Mins. to Dwtn. Gatlinburg, Ober Gatlinburg, & the Nat’l Park! Uniquely designed, 2,200+ sq ft, multiple level chalet, w/3 BD, 3 BA, & 2 Half BA. Made over $13,000 in rental income in 2012, & over $17,000 in 2013! A unique home in a great location! Type: Single-Family Home Location: Gatlinburg, TN Price: $214,900 For more information >

Luxurious Log Chalet Located Only Mins. from Dwtn. Gatlinburg and the Nat’l Park! 3,000+ sq ft log chalet w/ 4 BD, 4 BD, and 2 half BA, w/each Bedroom Suite having its own Private Bath w/Whirlpool & deck access! Averages at or above $50,000 in rental income in last 2 years alone! Great location! Type: Single-Family Home Location: Gatlinburg, TN Price: $499,900 For more information >

Luxurious, 2 BD, 3 1/2 BA Mountain Chalet w/Sweeping, Amazing Views! Almost $27,000 in rental income for 2012, & over $30,000 in rental income for 2013! High quality home w/excellent views, and adj. to Ober Gatlinburg & Great Smoky Mtns. Nat’l Park! Great price on a high quality chalet! Type: Single-Family Home Location: Gatlinburg, TN Price: $299,900 For more information >

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: https://gatlinburgrealestateforsale.com

The Great Smoky Mountain Real Estate Market Shows Slow and Steady Growth Through January 2014

Posted by Gatlin on February 6, 2014

Buyers Road and Sellers Lane

Throughout the last couple of months, we have seen both the national and local real estate markets showing slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through January of this year, we will see that these trends, particularly in the Great Smoky Mountain real estate market, continue to remain steady in terms of these trends of gradual growth. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing January 2014 to that of January 2013, the number of residences sold held steady with an increase by 1% in terms of homes sold, in that 16 more homes were sold as of January 2014, as opposed to January 2013. This continues a trend of steadiness, as well as gradual growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed continue to reflect a steady and slowly growing trend, and we see that this trend does largely continue and remain constant.

In the category of Residential Dollar Volume for the year, we see an increase of 7% through January 2014, as opposed to that of January 2013. With the steadiness of the numbers as it relates to Residences Sold, as mentioned earlier, the recent local and national trends of increasing home prices still continue to demonstrate that a greater dollar volume in homes are being sold, as compared to the same time a year ago, along with still showing a slow and strengthening market that is somewhat reflective of greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for January 2014, as compared to that of January 2013, prices still show a slow, but gradual, rise of 6%, which is reflective of the recent local and national trends towards gradually higher home prices, which has remained constant for at least the last six months, if not longer. As confidence continues to grow between potential buyers and sellers in the market as a whole, we see that the trend of higher home prices will likely continue for the foreseeable future.

In addition, available homes on the market are actually increasing in terms of inventory. Through January 2014, as opposed to January 2013, there is a slight increase by 1% of homes being listed as available on the market, or an increase of 35 more available homes on the market. We continue to see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory, as people gain greater confidence in the market. While it is still too early to tell if the trend will continue for the long-term, there are more available homes on the market for sale in January 2014, as opposed to one year ago, which could further indicate greater confidence on the part of those wanting to place their homes on the market.

As markets continue this gradual trend of growth locally and across the nation, these statistics are largely expected to remain steady at least in the short-term, showing the same continued slow, but steady, strength and growth that has been the case for the last couple of months. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for you? Let us help you make your home ownership dreams a reality today!

Here Are A Few of My Featured Properties:

Luxurious Log Cabin Only Mins. to Downtown Gatlinburg! Luxurious, nearly 3,000 sq ft, 5 BD/5.5 BA, beautiful log cabin only mins. from dwtn. Gatlinburg! Made over $55,000 in rental income in both 2012 & 2013!!! Very spacious! Type: Single-Family Home Location: Gatlinburg, TN Price: $429,900 For more information >

Spacious, Beautiful Log Cabin Only Mins. to Gatlinburg! Spacious, 3 BD/3 BA, over 2,000 sq ft, beautiful log cabin only mins. to Gatlinburg! Made over $37,000 in rental income in both 2012 & 2013! Amazing views of the Smokies! Type: Single-Family Home Location: Gatlinburg, TN Price: $279,900 For more information >

Private Log Cabin w/Amazing Countryside Views Near Pigeon Forge! Private, 2 BD/2BA log cabin in beautiful country setting on 2.43 acres very near Pigeon Forge! Made over $21,000 in rental income in both 2012 & 2013. Spectacular countryside, creek & pastoral views on top of its own private hillside. Type: Single-Family Home Location: Pigeon Forge, TN Price: $179,900 For more information >

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: https://gatlinburgrealestateforsale.com

Heading Into 2014, The Great Smoky Mountain Real Estate Market Continues to Show Slow, But Steady, Growth

Posted by Gatlin on January 9, 2014

Throughout this past year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through December of this past year, we will see that these trends, particularly in this real estate market, are largely holding steady, as we now begin into a new year. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing December 2013 to that of December 2012, the number of residences sold held steady with an increase by 1% in terms of homes sold, in that 13 more homes were sold as of December 2013, as opposed to December 2012. This continues a trend of steadiness, and even very slight growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed reflect a steady and slowly growing trend on balance, and we see that the market continues to show gradual, but steady, growth on the aggregate.

In the category of Residential Dollar Volume for the year, we see an increase of 7% through December of 2013, as opposed to through December in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices still continue to show that a greater dollar volume in homes are being sold, along with still continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the past year, prices still show a slow, but gradual, rise of 6% in December of this year versus that of December 2012, reflecting the recent local and national trends towards gradually higher home prices. As confidence continues to grow between potential buyers and sellers in the market as a whole, we see that the trend of higher home prices will likely continue for the foreseeable future.

In addition, available homes on the market are actually increasing in terms of inventory. Through December 2013, as opposed to December 2012, there is a slight increase by 1% of homes being listed as available on the market, or an increase of 29 more available homes on the market, in December 2013, as opposed to December 2012. We see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory. While it is still too early to tell if the trend will continue into 2014, there are more available homes on the market in December 2013, as opposed to one year ago, which could further indicate greater confidence on the part of those wanting to place their homes on the market.

As markets continue this gradual trend of growth locally and across the nation, these statistics, heading into 2014, are largely expected to remain steady, showing continued slow, but steady, strength and growth into the new year. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for you? Let us help you make your home ownership dreams a reality today!

Here Are A Few of My Featured Listings:

High Chalet Condo Near Ober Gatlinburg! Contemporary, 2 BD/2 BA, well-maintained, condominium unit w/views of Ober Gatlinburg and the surrounding Smokies! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $77,900 Get more information >

Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from this pristine 12 acre estate. Imagine having your own 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 Get more information >

Unique Contemporary Home w/Mtn Views Come & enjoy this one of a kind, unique, contemporary home! This 5000+ sq ft, 4 BD/3 BA home is located just off the Parkway in Sevierville in a beautiful, private neighborhood! Type: Single Family Home Location: Sevierville,TN Price: $299,900 Get more information >

The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: www.gatlinburgrealestateforsale.com

Heading Into December, The Great Smoky Mountain Real Estate Market Remains Steady

Posted by Gatlin on December 5, 2013

For much of this year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through November of this year, we will see that these trends, particularly in this real estate market, are largely holding steady at the present time. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing November 2013 to that of November 2012, the number of residences sold held steady with an increase by 1% in terms of homes sold, in that 16 more homes were sold as of November 2013, as opposed to November 2012. This continues a trend of steadiness, and even very slight growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed reflect a steady and slowly growing trend on balance, and we see that the market continues to show gradual, but steady, growth on the aggregate.

In the category of Residential Dollar Volume for the year, we see an increase of 5% through November of this year, as opposed to through November in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices still continue to show that a greater dollar volume in homes are being sold, along with still continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the year, prices still show a slow, but gradual, rise of 4% in November of this year versus that of November 2012, reflecting the recent local and national trends towards gradually higher home prices. As confidence continues to grow between potential buyers and sellers in the market as a whole, we see that the trend of higher home prices will likely continue for the foreseeable future.

In addition, available homes on the market are actually increasing at the moment. Through November 2013, as opposed to November 2012, there is a slight increase by 1% of homes being listed as available on the market, or an increase of 51 available homes on the market, in November 2013, as opposed to November 2012. We see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory. While it is still too early to tell if the trend will continue, there are more available homes on the market in November 2013, as opposed to one year ago, which could further indicate greater confidence on the part of those wanting to place their homes on the market.

As markets continue this gradual trend of growth locally and across the nation, home prices will continue their rise and housing inventory will continue to decrease. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer for your and home ownership dreams today?

Here Are A Few of My Featured Listings:

Luxurious Condo w/Majestic Mtn. Views! Luxurious, spacious condominium unit located at LeConte Towers in Gatlinburg, w/a majestic view of Mt. LeConte and the Smoky Mtns.! Type: Condo Location: Gatlinburg, Tennessee Price: $339,000 Get more information >

Multi-Family Duplex w/Amazing Mtn Views! Beautiful, private, 2 acre multi-family duplex with postcard-style views, and literally a majestic view of the Great Smoky Mountains from almost any room on either level! Type: Single Family Home Location: Gatlinburg, Tennessee Price: $398,000 Get more information >

Beautiful Cedar Log Home w/Mtn View Beautiful, private, and well-maintained 4 BD/2.5 BA cedar log home located with Amazing Mountain and Natural views! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $589,000 Get more information >

Heading Into November, The Great Smoky Mountain Real Estate Market Continues to Show Slow, But Steady, Growth

Posted by Gatlin on November 7, 2013

For much of this year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through October of this year, we will see that these trends, particularly in this real estate market, are continuing, even in spite of the recent government shutdown. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing October 2013 to that of October 2012, the number of residences sold actually increased by 1% in terms of homes sold, in that 11 more homes were sold as of October 2013, as opposed to October 2012. This continues a trend of steadiness, and even very slight growth, in the real estate market as a whole, and as we look at the rest of the statistics, we will see that the market does indeed reflect a steady and slowly growing trend on balance, and we expect this to continue and improve over time.

In the category of Residential Dollar Volume for the year, we actually see an increase of 6% through October of this year, as opposed to through October in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices continue to show that a greater dollar volume in homes are being sold, along with continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the year, prices still show a slow, but gradual, rise of 5% in October of this year versus that of October 2012, reflecting the recent local and national trends towards higher home prices. As inventory continues to decrease, we expect average home prices to continue their slow and gradual increase, in line with both national and local real estate market trends.

In addition, available homes on the market are actually increasing at the moment. Through October 2013, as opposed to October 2012, there is an increase by 1% of homes being listed as available on the market, or an increase of 69 available homes on the market, in October 2013, as opposed to October 2012. We see that higher home prices, as well as the very slight increases in homes being sold, may be contributing to more people wanting to place their homes on the market, thereby causing a slight increase in available housing inventory. While it is too early to tell if the trend will continue, there are more available homes on the market in October 2013, as opposed to one year ago, which could indicate greater confidence on the part of those wanting to place their homes on the market.

Here Are A Few of My Featured Listings:

Spacious Riverfront Home in Sevierville Spacious, 3000+ sq ft home located along the beautiful Pigeon River, which is located right behind this home! Type: Single Family Home Location: Sevierville,TN Price: $329,900 Get more information >

Fantastic 180 Degree Smoky Mtn. Views Fantastic 180 degree view of Mt. LeConte & the Smokies from every room. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $479,900 Get more information >

Unique Chalet Adjacent to Nat’l Park! The enchanting, twinkling lights of Gatlinburg far below and majestic mountain vistas are what you’ll see from your own pristine 12 acre estate. Imagine having a 530,000 acre backyard! Type: Single Family Home Location: Gatlinburg,Tennessee Price: $697,000 Get more information >

Latest News from the National Association of Realtors (NAR) Shows Existing Home Sales Are At Their Highest Levels Since 2007

Posted by Gatlin on October 10, 2013

Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors (NAR).

Total existing home sales, which include completed transactions for single-family homes, townhomes, condominiums, and co-ops, went up by 1.7% to a seasonally adjusted annual rate of 5.48 million units in August from that of 5.39 million units in July. This is also 13.2% higher than the 4.84 million units sold in August 2012, one year prior to August 2013.

Sales are at the highest pace since February 2007, when they hit 5.79 million, and have remained above year-ago levels for the past 26 months.

According to Lawrence Yun, the chief economist for NAR, “rising mortgage interest rates pushed more buyers to close deals, but monthly sales are likely to be uneven in the months ahead from several market frictions.” These could include decreasing existing home inventories, as well as more restrictive lending standards, along with the potential for higher interest rates in the long-term.

In addition, while it is unclear at this point, the ongoing government shutdown could also pose potential longer-term complications from agencies, such as FHA (Federal Housing Administration), the IRS, and others, being at least partially shutdown or closed all together. External pressures such as these also could have a longer-term impact on the market itself.

However, according to NAR President Gary Thomas, “As the equity position of most homeowners continues to improve, some who have been on the sidelines will list their home for sale,” he said. “Most of those owners also will be buying another home, but higher levels of new home construction going into 2014, combined with some reduction in demand from less favorable affordability conditions, will help to moderate price growth to more sustainable levels.”

What does this all mean for you? Right now, there are still many great properties available in the Great Smoky Mountains real market, and if you are interested in buying a new home, today is the best time for you to realize your dreams of home ownership. Please feel free to browse our available properties, and see what we can do to help you find a new home here in the Great Smoky Mountains today!

Here Are A Few of My Featured Listings:

Great Mountain View Consistently produces income in the high $20k range. Cabin with a view, tongue and groove throughout, wood floors, recreation room with pool table and air hockey for your enjoyment. Type: Single Family Home Location: Pigeon Forge Price: $239,900 Get more information >

Picture Perfect Log Cabin Almost $25,000 in rental income for 2012! Well built log cabin with privacy and only 5 miles to Pigeon Forge. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $219,900 Get more information >

Close Up City & Mountain Views Almost $50,000 in rental income for 2012! This is designed to be a year around home or an income producing rental. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $439,900 Get more information >

Heading Into October, The Smoky Mountain Real Estate Market Remains Steady in Terms of Slow, Gradual Growth

Posted by Gatlin on October 3, 2013

For much of this year, we have seen both the national and local real estate markets continue to show slow, but steady, growth on the whole. As we look at the statistics for the Great Smoky Mountain real estate market through September of this year, we will see that these trends, particularly in this real estate market, do continue. Let’s now see what the numbers have to say.

In the category of Residences Sold, we see that in comparing September 2013 to that of September 2012, the number of residences sold is relatively unchanged, showing only a one (1) home decrease from September 2012 to September 2013. This shows and reflects a general steadiness in the real estate market, and as we look at the rest of the statistics, we will see that the market is still quite steady at the moment, and we expect this to continue and improve.

In the category of Residential Dollar Volume for the year, we actually see an increase of 5% through September of this year, as opposed to through September in 2012. With the steadiness of the numbers as it relates to Residences Sold, the recent local and national trends of increasing home prices continue to show that a greater dollar volume in homes is being sold, along with continuing to show a slow and strengthening market reflective of greater confidence on the part of both buyers and sellers.

There is also continued good news for sellers in the Average Sold Price Category. In line with statistics so far for the year, prices still show a slow, but gradual, rise of 5% in September of this year versus that of September 2012, reflecting the recent local and national trends towards higher home prices. As inventory continues to decrease, we expect prices to continue their slow and gradual increase, in line with both national and local trends.

In addition, available homes on the market are actually holding relatively steady at the moment. Through September 2013, as opposed to September 2012, the percentages are relatively unchanged (0%), and actually show a two (2) home increase in housing inventory. As activity continues to remain steady, we expect to see a steadiness, and possibly a decline, in the available housing inventory in the near future.

As markets continue this gradual trend of growth across the nation, home prices will continue their rise and housing inventory will continue to decrease. Mortgage rates still remain at historically low rates, and there are still plenty of housing options to choose from, especially in the Great Smoky Mountain real estate market. Why not start your Great Smoky Mountain home search now by visiting our website, browsing our available properties, and seeing what the Smoky Mountain area has to offer?

Here Are A Few of My Featured Listings:

Unique, Private Home Close to Gatlinburg Unique, private, wood-style home located only mins. to downtown Gatlinburg. Type: Single Family Home Location: Gatlinburg, Tennessee Price: $139,900 Get more information >

Rustic Charm – Modern Comfort Over $20,000 in rental income in both 2011 & 2012. This log cabin nicely displays a nice balance of rustic charm blended with modern comfort. It features true log construction with high ceilings and an open floor plan. Type: Single Family Home Location: Chalet Village Price: $139,900 Get more information >

Federal Reserve’s Latest Message May Encourage Greater Short-Term Housing Affordability

Posted by Gatlin on September 26, 2013

In a surprise move, the Federal Reserve voted last Wednesday to continue its stimulus through the buying of securities, including the continuation of purchases ofagency mortgage-backed securities at a pace of $40 billion per month, as well as longer-term Treasury securities at a pace of $45 billion per month. This went against the expected and anticipated notion that the Fed was considering tapering, or slowing down, of its stimulus efforts.

In its decision, the Fed cited concerns regarding the rate of growth in the economy as a whole, as well as concerns about the recent trend of rising mortgage rates at a time when the housing market is starting to recover from the Great Recession of 2008.

At a press conference last Wednesday, Fed Chairman Ben Bernanke stated that the Fed, by its decision, is “avoiding a tightening until we can be comfortable that the economy is in fact growing the way that we want it to be growing.”

One of the significant impacts of this decision was that The Fed’s bond purchases benefit borrowers by pushing down long-term interest rates. The yield on the benchmark 10-year Treasury note dropped sharply after the Fed announcement. Rates on mortgages and many other consumer and business loans tend to parallel the 10-year Treasury’s yield, and also saw declines in rates following the Fed announcement.

According to Gus Faucher, a senior economist at PNC Financial Services Group, “It helps people who are looking to buy a house in the near term.” In addition, Mr. Faucher also stated that “it makes housing more affordable. That’s one reason the Fed decided not to act — to make sure the recovery in the housing market continues.”

What does this all mean? Essentially, the Fed decided not to discontinue the buyback of asset-backed securities, at least for now, due in part to concerns about rising mortgage rates and their impact on the housing market, which has been gradually improving throughout this year. Therefore, the expectation is that there will be no tapering by the Fed, and any efforts to decrease the Fed’s stimulus will not occur in the short term, thereby keeping mortgage rates lower, at least for now.

Why not consider buying a new home in the Great Smoky Mountains today? We have many great properties available, and with still historically low mortgage rates, today is the day for you to realize your dreams of home ownership! Please feel free to browse our available inventory of homes today, and then contact one of our buyer specialists today to how we can help you find a new home! Take the first step today in finding the home of your dreams, right here in the Great Smoky Mountains!

Here Are A Few of My Featured Listings:

Luxurious Log Cabin Mins. to Dollywood! Spacious, luxurious 5 BD/4 BA home located mins. from Dollywood and Pigeon Forge! Type: Single Family Home Location: Pigeon Forge Price: $289,900 Get more information >

3.84 Acres & On The River Beautiful river frontage along the middle prong of the Pigeon River, known and verified to be the cleanest in the state. Beautiful, 30′ deep pool and huge boulders create a scenic park like setting. Type: Single Family Home Location: Sevierville,TN Price: $259,900 Get more information >

Wears Valley Luxury You’ll notice the unusually high quality construction from the moment you pull in the driveway. Type: Single Family Home Location: Pigeon Forge Price: $575,000 Get more information >

Category: Local Market Statistics

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