Sevier County, TN Real Estate Market Movement During September 2020

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

September 2020 Residential Real Estate Market Statistics
September 2020 Residential Real Estate Market Statistics

 

Year to Date Real Estate Market Statistics
Year to Date Real Estate Market Statistics

 

Land

September 2020 Residential Real Estate Market Statistics
September 2020 Residential Real Estate Market Statistics

 

Year to Date Residential Real Estate Market Statistics
Year to Date Residential Real Estate Market Statistics

Market Movement During August 2020

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.

August 2020 Residential Real Estate Market Statistics
August 2020 Residential Real Estate Market Statistics

 

August 2020 Land Real Estate Market Statistics
August 2020 Land Real Estate Market Statistics

 

Market Movement During July 2020

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.

July 2020 Residential Real Estate Market Statistics
July 2020 Residential Real Estate Market Statistics

 

July 2020 Land Real Estate Market Statistics
July 2020 Land Real Estate Market Statistics

 

Here is information about year to date market movement.

July 2020 Residential Real Estate Market Statistics
July 2020 Residential Real Estate Market Statistics

 

Year to Date July 2020 Land Real Estate Market Statistics
Year to Date July 2020 Land Real Estate Market Statistics

Market Movement during June 2020

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.

June 2020 Residential Market Movement
June 2020 Residential Market Movement
June 2020 Land Market Movement
June 2020 Land Market Movement

 

Year to Date Market Movement

Year to Date Residential Market Movement
Year to Date Residential Market Movement
Year End Land Market Movement
Year End Land Market Movement

Market Movement During May 2020

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.

 

May 2020 Residential Real Estate Market Statistics
May 2020 Residential Real Estate Market Statistics

 

May 2020 Land Real Estate Market Statistics
May 2020 Land Real Estate Market Statistics

 

Year End Market Movement

Year to Date April 2020 Residential Market Statistics
Year to Date April 2020 Residential Market Statistics

 

Year to Date April 2020 Land Market Statistics
Year to Date April 2020 Land Market Statistics

April 2020 Real Estate Market Statistics

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.

April 2020 Residential Market Statistics
April 2020 Residential Market Statistics

 

April 2020 Land Market Statistics
April 2020 Land Market Statistics

 

March 2020 Sevier County Real Estate Market Statistics

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.

March 2020 Residential Market Statistics
March 2020 Residential Market Statistics
March 2020 Land Real Estate Statistics
March 2020 Land Real Estate Statistics

 

We would also like to provide information about  year to date market movement.

 

Year to Date Residential Market Statistics
Year to Date Residential Market Statistics
Year to Date Land Market Statistics
Year to Date Land Market Statistics

February 2020 Sevier County Real Estate Market Statistics

February 2020 Homes in Sevier County TN
February 2020 Homes in Sevier County TN

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%

 

 

 

February 2020 Real Estate Market Statistics - Land
February 2020 Real Estate Market Statistics – Land

 

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%.

January 2020 Sevier County Real Estate Market Statistics

Real Estate Market Statistics for January 2020
Real Estate Market Statistics for January 2020

 

Sevier County Homes

183 homes sold in Sevier County during January of 2020.
145 homes sold during January of 2019.
Sales are up 26%.
Average price has increased by 17% and is up by $49,000.
Average price is $337,135.
Available Inventory is down 2%, and Volume up by 48%.

Gatlinburg

36 homes sold in Gatlinburg during January of 2020.
18 homes sold during January of 2019.
Sales doubled.
Average price has increased by 4% and is up by $12,000.
Average price is $328,759.
Available Inventory is up 24%, and Volume is up 108%.

Pigeon Forge

41 homes sold in Pigeon Forge during January of 2020.
29 homes sold during January of 2019.
Sales are up 41%.
Average price has decreased by 9% and is down by $35,000.
Average price is $367,261.
Available Inventory is up 12%, and Volume up by 29%.

Sevierville

53 homes sold in Sevierville during January of 2020.
43 homes sold during January of 2019.
Sales are up by 23%.
Average price is up by 35%, and is up by $82,000
Average price is $318,835.
Available Inventory is up 1%,  and Volume up 66%.

Wears Valley

11 homes sold in Wears Valley during January of 2020.
139 homes sold during January of 2019.
Sales are down by 15%.
Average price has increased by 18% and is up by $56,000.
Average price is $369,809.
Available Inventory is down 3%, and Volume is flat.

Douglas Lake

4 homes sold on Douglas Lake during January of 2020.
3 homes sold during January of 2019.
Sales are up 33%.
Average price has increased by 116% and is up by $212,000.
Average price is $395,651.
Available Inventory is down 30%, and Volume up by 188%

 

 

Land - Real Estate Market Statistics for January 2020
Land – Real Estate Market Statistics for January 2020

 

Sevier County Lots

47 lots sold in Sevier County during January of 2020.
42 lots sold during January of 2019.\
Sales are up by 12%.
Average price has decreased by 35% and is down by $25,000.
Average price is $47,140.
Available Inventory is down 14%, and Volume down by 27%.

Gatlinburg

7 lots sold in Gatlinburg during January of 2020.\
10 lots sold during January of 2019.
Sales are down by 30%.
Average price has increased by 69% and is up by $17,000.
Average price is $43,857.
Available Inventory is down 23%, and Volume up by 19%.

Chalet Village

2 lots sold in Chalet Village during January of 2020.
5 lots sold during January of 2019.
Sales are down by 60%.
Average price is down by 28% and is down by $13,000.
Average price is $36,000.
Available Inventory is down by 10%, and Volume down by 71%.

Pigeon Forge

5 lots sold in Pigeon Forge during January of 2020.
3 lots sold during January of 2019.
Sales are up 67%.
Average price has increased by 32% and is up by $26,000.
Average price is $22,360.
Available Inventory is down 35%, and Volume up by 32%.

December 2019 Real Estate Market Statistics

December 2019 Real Estate Market Statistics

 

Sevier County Homes

2181 homes sold in Sevier County from January to December of 2019.
2085 homes sold from January to December of 2018.
Sales are up 5%.
Average price has increased by 12% and is up by $29,000.
Average price is $289,255.
Available Inventory is down 3%, and Volume up by 17%.

 

Gatlinburg

352 homes sold in Gatlinburg from January to December of 2019.
347 homes sold from January to December of 2018.
Sales are up by 1%.
Average price has increased by 18% and is up by $45,000.
Average price is $305,174.
Available Inventory is down 4%, and Volume is up 19%.

 

Pigeon Forge

378 homes sold in Pigeon Forge from January to December of 2019.
395 homes sold from January to December of 2018.
Sales are down by 4%.
Average price has increased by 17% and is up by $49,000.
Average price is $338,198.
Available Inventory is flat, and Volume up by 12%.
*7 homes have been sold for over $1M in Pigeon Forge this year.

 

Sevierville

668 homes sold in Sevierville from January to December of 2019.
612 homes sold from January to December of 2018.
Sales are up by 9%.
Average price is up by 3%.
Average price is $260,531.
Available Inventory is up 2%,  and Volume up 13%.

 

Wears Valley

118 homes sold in Wears Valley from January to December of 2019.
139 homes sold from January to December of 2018.
Sales are down by 15%.
Average price has increased by 18% and is up by $56,000.
Average price is $369,809.
Available Inventory is down 3%, and Volume is flat.

 

Douglas Lake

63 homes sold on Douglas Lake from January to December of 2019.
59 homes sold from January to December of 2018.
Sales are up 7%.
Average price has increased by 11% and is up by $33,000.
Average price is $344,068.
Available Inventory is down 9%, and Volume up 18%

 

 

December 2019 Real Estate Market Statistics - Land

 

Sevier County Lots

676 lots sold in Sevier County from January to December of 2019.
558 lots sold from January to December of 2018.
Sales are up by 21%.
Average price has increased by 18% and is up by $9,000.
Average price is $64,099.
Available Inventory is down 7%, but Volume up by 43%.

Gatlinburg

159 lots sold in Gatlinburg from January to December of 2019.
108 lots sold from January to December of 2018.
Sales are up by 39%.
Average price has increased by 39% and is up by $16,000.
Average price is $59,360.
Available Inventory is down 4%, and Volume up by 104%.

 

Chalet Village

50 lots sold in Chalet Village from January to December of 2019.
41 lots sold from January to December of 2018.
Sales are up by 22%.
Average price is up by 28% and is up by $13,000.
Average price is $61,465.
Available Inventory is up 3%, and Volume up 56%.

 

Pigeon Forge

81 lots sold in Pigeon Forge from January to December of 2019.
57 lots sold from January to December of 2018.
Sales are up 42%.
Average price has increased by 30% and is up by $13,000.
Average price is $56,639.
Available Inventory is down 13%, and Volume up by 85%.