Smoky Mountain Real Estate Continues to Shine in Today’s Investment Arena

Fall in the Smokies

Homes in Gatlinburg and areas throughout the Smokies, continue to offer buyers a unique haven from the turmoil of the present day world economy.  Currencies all over the world are giving up value to either; lessen their debt load through inflation, or maintain a global export advantage.  For people with savings, this monetary policy errodes the purchasing power of their nest egg.  However, hard assets like real estate have traditionally shown to hold their value better than other investments during periods of monetary instability.  The real estate of the Great Smoky Mountains has additional advantages that other locations lack.  For starters this area is incredibly beautiful. There are topographical variations to the land, that often allow complete changes in scenery for every mile you travel.  In addition, this region provides a bio-diversity of plants and animals that are rare in present day America.  Where can you find bamboo and banana trees growing within a mile of northern maples and frashier firs?  In most places you would need to go to a game preserve to find; deer, bear, elk, wild boar, and turkey.  On any given day in the Smokies, you might view any or all of the previously mentioned creatures on a normal hike or drive around the area.  All of this unique, natural beauty gets combined with a multitude of man-made events and activities to further enhance the allure of the area. When you flactor in the proximity of the Smokies to over 1/2 of the U.S. population, the appeal of this area is truly awesome.  

The current market in Smokies real estate is a complete spectrum of possibilities.  You can find; raw land, primary and vacation homes, condos, rental cabins, and more.  The Smokies’ market to some extent reflects other parts of the U.S.  However, our area is highly desirable, given it’s beauty and location.  This is similar on some levels to western ski towns, coastal cities, etc.  Even in depressed markets, desirable locations (like San Fransico for example) will out perform less popular areas simply because more people want to live in a great place.  

If you want to join the people who call the Smokies their home, begin today.  You can set parameters on our website, in a number of catagories like; price, location, number of bedrooms/baths, to home style.  All this can be done from the comfort of your home.  When it’s time to view property and close, our expert staff is here to assist. Call us today 877-678-2121.  

Here are a Few of My Current Listings:

Quality Built Home on Private Corner Lot
Formal, custom built home on a very nice and private corner lot in beautiful neighborhood of Belle Meadows. Close to hospital and all the amenities that Sevierville has to offer.
Type: Single Family Home
Location: Sevierville,TN
Price: $289,900
Get more information >
2.42 Acre Rocky Creek Frontage!
Level building site with beautiful rocky creek frontage. Only 1.5 miles to downtown Gatlinburg and southern exposure!
Type: Land
Location: Gatlinburg ,Tennessee
Price: $139,900
Get more information >
Upscale Neighborhood-Authentic Log Cabin
This authentic log home is located in an upscale neighborhood and is in excellent condition. Bedroom and bath on each floor for privacy as well as a large gameroom for your enjoyment.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >

Gatlinburg Homes and Residences Across the Nation Showed Gains in September

Gatlinburg in the Fall

Gatlinburg real estate in existing-home sales showed gains in September 2010, like the rest of the U.S.  In previous blogs, we have covered the statistics for existing-home sales.  This category of home sales covers; single family, townhouses, condo’s, and co-ops.  It’s purpose is to track trends in the housing market for the National Association of Realtors and it’s members.  Existing home sales increased 10.0% in September 2010 to 4.53 million, over August’s totals.  The stats remain below the 5.60 million mark set in September 2009.  Readers should note that during this period last year, buyers were rushing to qualify for the deadline of the “home buyer tax credit” that expired in November 2009.

NAR’s chief economist, Lawrence Yun, is anticipating a housing recovery.  However, it could be complicated with the current foreclosure review, now impacting the country’s housing markets.  Low mortgage interest rates and favorable housing affordability are assisting buyers.  However, job creation in the economy and rising inventories of homes for sale, may impact the housing market into the future.  Yun feels that clearing out vacant homes and mortgage delinquent residences is important for a housing recovery.  Reducing home inventories especially in the deeply discounted sector of the market will improve price stability in U.S. housing.  First-time buyers continue to be a force in the current home market.  September revealed that 32% of purchased homes were bought by first time homebuyers.

Today’s residential market offers buyers and sellers good opportunities.  Sellers need to set pricing at realistic levels and stage their property for maximum buyer appeal.  Approved buyers will find attractive low interest rates on mortgages.  There are also plenty of homes to consider in making a selection.  Buyers can get started in their search online.  Our website offers adjustable criteria to limit selection to a buyer’s specific needs.  This saves everyone time and our Smokies’ property team is ready to help you finalize your purchase. Contact us today to get started. 

Here are a Few of My New and Current Listings:

Lots of Upgrades and Convenient Location
Beautiful home w/lots of upgrades and convenient to shopping and restaurants in Gatlinburg. Big spacious decks with level parking and fenced in yard. Perfect home for entertaining!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $189,900
Get more information >
Nestled Among the Trees w/ Mtn View
This chalet is nestled among the trees with close access to area attractions, ski lodge, shopping and the Great Smoky Mountains National Park.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Fantastic Views of Mt LeConte!!
Enjoy the fantastic views of Mt LeConte and the tram from the spacious decking of this nicely decorated cabin. Each bedroom has in suite baths as well. This is a must see!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $235,000
Get more information >

Is a Gatlinburg Home For Sale, Your Next Purchase?

Today’s blog examines local residential property statistics and the status of Tennessee Smoky Mountain real estate.  The source for this blog comes from the Great Smoky Mountain Association of Realtors.  GSMAR is a great local association that among many duties, provides it’s members with data on sales in a variety of real estate categories.  This information can often be used to predict market trends, and aid people in buying or selling their property.  As we have mentioned in previous blogs, market trends are best spotted in examining large spans of time.  However, year-to-date comparisons can prove helpful to determine personal timing for selling or buying investments, like real estate.  As we get into these statistics, bear in mind a caveat, that bears repeating.   Today’s financial markets from; real estate to intangibles, are seeking their own balance.  At this stage, many areas like real estate have been artificially manipulated by government and global forces that have distorted their “free market” direction.  When you view current statistics, realize that government intervention brought many first-time home buyers into the residential markets to claim their tax credit.  This acceleration of home buying is bound to create a slack period, once the federal stimulus ends.  This “end of stimulus” period is where we are currently.  Factor this into your personal evaluation of our residential sales figures that compare 2009 to 2010 year-to-date (at the end of September 30th for each year).

In total residences sold, 2010 is leading by 119 at 1,158.  This is an 11% increase.

Dollar volume sold year-to-date shows the current year down by 17% or $38,831,402.00.  Sales through September 2009 were $234,825,691.00.

Average residence sold is greater last year at $226,011.00.  2010’s average residence is 25% lower or $56,759.00 less. 

 

The 2010 category for active listings is greater by 833 (13% higher) with a total of 7,024 listings.  These categories reveal that first-time home buyers and discounted foreclosure/short sales are driving forces in the stimulus era, and beyond.

Today’s residential market requires sellers to stage ,and price their property strategically to move them quickly.  Qualified buyers will find ample opportunities to select great real estate.  Mortgage interest rates are very low.  There are numerous selections in property inventory.  Prices appear to be stabilizing, but they are off their highs.  The turbulence in other financial markets with; increased risk and low yields, could make a home in the Smokies, the perfect choice.  Go online or call us today, to get started on an exciting adventure to find your property.

Here are a Few of My Current Listings:

Location, Location, Location/ Great View
Great location on top floor and corner unit! The mountain views are breathtaking. Amenities include pool, hot tubs, and sauna.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $99,500
Get more information >
Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lakefront setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,000
Get more information >
Private with Beautiful Mountain View
Plenty of community ammenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

Considering Real Estate in Gatlinburg For Sale?

 

NAR’s existing home sales numbers for August are complete, and they may influence your search for Smoky Mountain real estate.  The National Association of Realtors represents over a million members across the United States and it compiles data relevant to all aspects of the nation’s real estate market.  Data for existing-home sales has been used to track home purchases in America.  Since 1999, existing-home sales have included; single family homes, as well as; condos, townhouses, and co-ops.  These other home components were added to single family homes, because of their significant numbers as residences in large metropolitan areas.  The existing home sales data reflects completed monthly transaction totals for residences.  These are seasonally adjusted.  The monthly figures have more relevant trend significance, when they are compared over larger spans of time and from several different perspectives.  The current period is a good example.  To some readers, the decline of the last few months might appear grim.  However, when viewed longer term, and with the perspective that artificial government housing stimulus has just ended, that conclusion could be inaccurate. 

To gain some perspective, let us back track slightly.  April 2010 was the last month for federal stimulus.  Contracts had to be signed by the end of April, but there was some flexibility on official closing dates to qualify for the tax incentives.  The government intervention obviously beefed up April 2010 sales, by driving buyers into the market to get their cash.  The April 2010 number of 5.8 million looks robust, compared to an anemic 3.8 million in July 2010.  The improvement to 4.1 for last month (August 2010) is encouraging.  Some readers might feel that August 2010’s numbers, while improving, is still below the 5 million range we saw in much of last year. 

However, let us examine some of the potentially beneficial aspects in today’s property markets.  Despite much uncertainty in all investments, real estate offers a tangible place to park some portion of one’s savings.  Properties can be a fun  destination for generating rental income, as a vacation getaway or future retirement home.  NAR’s Chief Economist, Lawrence Yun points out that the residential property market is slowly recovering on it’s own, after substantial government support.  The August increase could be an indicator of this recovery.  The national median existing home price in August 2010 was $178,600 for all types.  This is up 0.8% from last year.  Any increase is impressive, given that deeply discounted properties, like foreclosures, currently make up about 1/3 of all real estate sales.  NAR President Vicki Cox Golder, feels many people are caught in the cross-fire of; Wall Street, the economy’s uncertainty, and housing’s positive aspects.  Prices seem to be stabilizing, interest rates for qualified buyers are low, and there is ample inventory of property for any category of real estate.

                                          

                              

Market timing is never an exact science.  Prices can go up or down. Each family or person must decide for themselves when to buy or sell.  When you are ready to move forward on TN Smoky Mountain real estate, visit us first.  We are leaders in fine Tennessee Smokies’ property.  Let us put years of area knowledge and expertise to work for you.  Contact us by phone at 877-678-2121 or go online to get started today!

Here are a Few of My Latest and Current Listings:

Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

August 2010 Residential Sales for Gatlinburg Homes and Other Tennessee Smoky Mountain Communities

August 2010 figures are available for Gatlinburg properties and other communities that make up the Great Smoky Mountains Association of Realtors.  This data can be helpful in spotting trends.  It can also be good in timing when to list, or purchase property.  The examination of August 2010 residential sales begins with the comparision of residences sold. 

Last August (2009) there were 136 residences sold.  Residential sales include; single family, townhouses, condo’s, and co-ops.  August of 2010 dropped 14, to 122 residences sold or 10% off the 2009 August Figures.

In the category of dollar volume sold, August 2010 came in at $22,275,984.00.  This compares to August of 2009 at $22,662,581.00 or less by 2% (down $386,597.00). 

Comparison of average cost of residence sold, favors August of 2010.  August 2010 comes in at $182,590.00 vs $166,637.00 for August of 2009.  This year’s August is up by $15,953.00 or 10% higher.

Active listings sees August of 2010 also leading at 4,083 or 596 more (17% increase).

Long term analysis is needed for accurately determining market trends.  However, some of this market data can be helpful.  Total residences sold, dollar volume sold, and average price per residence sold, may all be sorting out , after the impact of the federal stimulus ended.  Intervention by congress tends to muddy up the waters of the market.  It can take some time for true market trends to clearly reveal themselves, after an artificial stimulus ends.  Data suggests that the first-time homebuyer tax credit certainly fired up the lower-priced entry level of the residential market.  Number of homes sold, total dollar volume, and average residential price were all influenced by the stimulus.  An accurate assessment may not be possible in these categories for some time.  It does appear, that even with the decrease in overall residences sold (off 10% in August 2009 vs 2010), the average residence sale price is increasing and total dollar volume sold is almost even.  Currently the high end of the residential market is not as active as the entry level.  Buyers appear to be more selective and not as frenzied, as they were before the market peak.  With mortgage interest  rates low, and active lisings up, this is a great time to find a dream property.  Prices appear to be stabilizing, yet they are off their peak.  You can test the market, searching out properties in your own free time 24/7. Simply go to our website, search.smokymountainhomesnow.com. You can set up search criteria that exclusively pinpoints your own real estate needs.  This saves you time by providing only those properties that match what you desire.  It only takes a little investment of time to get started on your search.  Start today to find your Smokies dream property.

Here are a Few of My Current Listings:

Authentic Log Cabin/Great Rental Income
Authentic log cabin with fantastic rental history. 2 bedroom & bathroom suites each with total privacy.Amenities include game room,outdoor hot tub,on site pool and is located in the desirable Arts and Craft District to name a few.
Type: Single Family Home
Location: Gatlinburg,Tennessee
Price: $159,900
Get more information >
Pigeon River Right Outside Your Door!
This remodeled riverfront home is a sure to please. With the calming sounds of the Pigeon River right outside your door this completely remodeled home complete with sauna and hot tub are sure to take the stress away!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $329,900
Get more information >
11 Bedroom- Smoky Mountain Stunner!
This 11BD/11.5BA mountain top home is designed with hardwood floors, high quality furnishings and antique decor throughout. A stunning handcrafted cedar staircase, sunroom w/large swim spa, sauna, media room, over 2500 sq ft of decking to enjoy the view!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,475,000
Get more information >

Adjustment to the July 2010 Sales of Smoky Mountain Homes

 

An apology to my blog readers on my report about July 2010’s Gatlinburg real estate and other area property sales.  I pulled data from our Great Smoky Mountain Association of Realtors to put in the blog.  The July 2010 residential sales figures looked rather robust in several catagories. However, I put the figures into my 8/4/10 newsletter/blog.  A short time later, I learned that the data included some large commercial transactions in those residential numbers.  Obviously, this corrupted the stats, so here are the corrected figures. 

July 2010 “Total Residences” sold was 121 vs July 2009 at 145.  This was a decrease of 24 residences or 17% less over July of last year.  These residential figures include; single family homes, condos, townhomes, and co-ops. 

“Total dollar volume” sold and the “average residential sale” were the 2 categories most impacted by the inclusion of the commercial properties.  July 2010 “Dollar Volume Sold” was $18,941,603.  The July 2009 Dollar Volume Sold was $25,725,551.  This July was off by $6,783,948 for a decrease of 26% from July 2009.

All of these numbers lead us to an”Average Residence Sold” at $156,542 in July 2010.  This is less than July 2009’s average sale at $177,418.  The average sale is down $20,876 or a 12% decrease from July of 2009.

The category of “Active Listings” in residences comes in as a winner in July 2010.  This July’s active listings was 4,119 vs. 3,523 for July of 2009.  This leaves last month with 596 more residences listed or a 17% increase. 

Behind these figures, the property market is revealing itself.  Without the huge commercial properties in the mix, the real estate market looks different than my August 4th blog reported.  Smokies real estate is in transition.  The market place is still searching for balance after the end of the federal stimulus. The revised figures do not currently show a pronounced shift toward higher priced homes. Recent activity appears to be focused on the lower priced properties.  However, with active listings on the increase there is a great selection for buyers.  This combined with low mortgage rates, could make this an ideal time to purchase your property in the Smokies.  Click on our website today to get started on your search with the Jason White Team.

Here are a Few of My Current Listings:

1.3 acre w/ Spectacular Mountain Views
Quiet living on 1.3 acres with phenomenal MT Leconte and Smoky Mountain views and lots of level parking. 5 Private suites, with loft and game room located on cul-de-sac. Plus two huge decks to enjoy the incredible views of the mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $449,000
Get more information >
Overlooking Stream in Gatlinburg Condo
This conveniently located condo is only 1.5m from downtown Gatlinburg’s shopping and dining. Even has a woodburning fireplace and balcony to enjoy the beautiful mountain stream.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $83,500
Get more information >
Exquisite Lofty Mountain Retreat!!
Detail and excellent craftsmanship throughout this lofty mountain home will please even the most discriminating buyer. Complete with an outdoor living space with fireplace that overlooks Mt. LeConte views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $495,000
Get more information >

Smoky Mountain Real Estate and Gatlinburg Home Sales Mirror the U.S. Housing Market

 

 Our country’s housing market, like our Smoky Mountain real estate, is still adjusting to life without stimulus money.  My news sources at the National Association of Realtors in Washington, D.C. are confirming widely predicted results for the country’s property sales.  “Pending Home Sales” tracks homes under contract, but not officially closed.  July 2010’s pending home sales index moved lower by 2.6% from June 2010.  NAR’s chief economist, Lawrence Yun had predicted this pullback in housing activity, earlier in the year.   Yun felt that the congressional extension of the homebuyer tax credit would amplify the normal spring homebuyer surge.  The stimulus incentives did bring hesitant buyers into the market.  It worked well at accelerating home purchases across the nation.  In the short term, home prices have stabilized in most areas, as inventories of homes for sale have dropped.

However, it was expected among real estate economists that this artificial acceleration of buyers into homes, would lead to a period of lower home sales, when the federal stimulus ended.  What we are seeing in the current real estate market, is the lull as the market re-adjusts.  NAR’s Yun anticipates some months of reduced home sales during this re-adjustment period.  The chief economist expects a pick-up in home sales later in the year, as long as the U.S. job market continues to improve.  In the short term, inventory of homes for sale may increase, but Yun feels pricing on homes has reached justifiable levels where they should not change meaningfully from today’s levels.  He sees some local markets across the country showing price improvement.  Mortgage interest rates are also expected to remain at these historically low levels for most of this year.  The critical factor in a strengthening U.S. housing market lies in serious job creation across the nation.  NAR’s chief economist feels employment growth is paramount to lasting improvement in the U.S. housing and real estate markets. 

It seems as though most of today’s national real estate news was expected and not surprising at all.  The current real estate environment is still favorable for investment in the East Tennessee Smokies.  Prices are off their highs.  Inventory of properties for sale offer a great selection.  Qualified buyers can obtain historically low mortgage interest rates.  The Smokies provide; a beautiful , centrally-located destination, with great climate, and a reasonable cost of living.  If you are considering a real estate investment, we have everything from; rental cabins to primary and secondary homes.  Jump on our website today and see how the Jason White Team can help you find the property you always wanted.

OPPS!! Our latest figures for the month of July are incorrect. Unfortunately, the figures included commercial and there was a very large sale in the commercial side of real estate which threw off my figures. I usually have figures for residential only. I will have the correct figures in next weeks blog.  My apologies!

Here are a Couple of My Latest Listings:

Ridgetop Property/Heart of Pigeon Forge
If you want peace and quite on top of a ridgetop with phenomenal mountain views, then this is the property for you. Located in the heart of Pigeon Forge.
Type: Single Family Home
Location: Pigeon Forge
Price: $159,900
Get more information >
Pristine Mountain Views!
Located in heart of Pigeon Forge with all the amenities this property offers a pristine mountain view as well!
Type: Single Family Home
Location: Pigeon Forge
Price: $189,900
Get more information >

Call today to view these properties or any others!  877-678-2121

A View of Gatlinburg Real Estate and Smoky Mountain Homes

Currently, East Tennessee’s Smoky Mountain real estate is still a great location for investment.  In this week’s blog, I want to share general trends in our current property market that make it a great place to buy or sell.  First off, the area is positioned in a beautiful, cental location.  Over 1/2 of the U.S. population lives in the eastern half of the country, within 10 hours drive of our mountains.  Our location makes for an easy car ride to visit the area.  Given current economic conditions, this is important.  In addition to a cental location, our area overflows with a natural beauty, that the earth’s creator lavished upon these mountains.  The awesome vistas are enhanced with a cornucopia of plants and animals, that add their interest into the mix.  On top of natural beauty, you add the man-made attractions that have multiplied over the years.  These amenities begin with outdoor-oriented fun like; camping, hiking, horse back riding, kayaking, and white water rafting.  They progress into amusement opportunities like: miniature golf, go carts, and thrill rides.  Then there are activities that offer simple enjoyment and relaxation.  These range from; simple to higher-end dining, hot-tubbing, boating, arts and crafts, shopping, dinner theaters, or rocking on a porch viewing the wonderous mountains.  The spectrum of the natural and man-made attractions in the Smokies are limited only by the participants.  In addition, our high elevation playground has been mostly uneffected by oil spills and hurricanes that wreak havoc on coastal, lowland locations.

Besides beauty and location, the Smokies never got crazy in the real estate bubble of recent years.  While the area’s property values increased, they never exploded like hot markets (Las Vegas).  Consequently, our properties are reasonably priced compared to other areas.  In addition to conservative values, buyers find prices off their highs.  Property taxes and other living costs are low compared to other parts of the country.

Financing of real estate has become tighter, as a consequence of preventing future real estate melt-downs.  However, qualified buyers with good credit will find mortgage rates at historic low levels.  Good financing, combined with a fine selection of properties, and stabilizing home prices could make this a great time to buy or sell real estate in the Smokies.  Start your property adventure on our user-friendly website.  When you need local, professional expertise that knows the area well, contact the Jason White Team online or by phone at 877-678-2121 and let us help you seal the deal.

Here are a Few of My Current Listings:

Nestled Among the Trees w/ Mtn View
This chalet is nestled among the trees with close access to area attractions, ski lodge, shopping and the Great Smoky Mountains National Park.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Spectacular Home w/ Spectacular Views!
This spectacular custom built home offers so many unique features. Waterfall shower off master bedroom private deck, atrium green house, and includes all furniture and furnishings. Plus plenty of level parking and only one step into the cabin.
Type: Single Family Home
Location: Chalet Village
Price: $379,900
Get more information >
Quality Built Home on Private Corner Lot
Formal,custom built home on a very nice and private corner lot in beautiful neighborhood of Belle Meadows. Close to hospital and all the amenities that Sevierville has to offer.
Type: Single Family Home
Location: Sevierville,TN
Price: $297,000
Get more information >

A Look At Property Taxes for Sevier County’s Smoky Mountain Real Estate

I receive many questions regarding what our property taxes are here. So this week’s blog looks at Sevier County property taxes on mountain homes.  The property tax rate is per $100 assessed value of the home. County tax for Sevier County is $1.54 per $100 assessed value. City tax per $100 assessed value is:   Sevierville is $0.31. Pigeon Forge is $0.1242, Gatlinburg is $0.1493, and Pittman Center is .77.  The ratio of assessment is 25% for residential/rental property. This applies to owner occupied homes and second homes.  See the examples below for a home assessed at $100,000 and $250,000.

                                               For Sevier County Tax
Sevier County tax is $1.54 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $1.54 = $385.00 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $1.54 = $962.50 tax paid per year

                                                       For City Tax
Sevierville is $.31 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $.31 = $77.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $.31 = $193.75 tax paid per year

Pigeon Forge is $0.1242 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $0.1242 = $31.05 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $0.1242 = $77.63 tax paid per year

Gatlinburg is $$0.1493 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $0.1493 = $37.33 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $0.1493 = $93.31 tax paid per year

Pittman Center is $.77 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $.77 = $192.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $.77 = $481.25 tax paid per year

Plus 30% of contents for personal property tax
There is no Income Tax
Sales Tax 7%
 
Many visitors to our area find our property taxes very reasonable.  The planning and working with tourist traffic over the years has helped to develop the Sevier County infrastructure.  The influx of visitors provided a revenue stream that has assisted in sharing the costs for developing the area.  This has helped to keep costs lower for residents by maintaining reasonable local living taxes.

If you are interested in living here, or owning investment property that keeps you coming back with tax incentives, then check out the Jason White Team website.  You set your own search criteria, and view only those properties that fit your criteria. When it is time to take a personal look, our team of property professionals are here to assist you.  Contact us today to begin your Smoky Mountain property acquisition.

Here are a Few of My Latest Listings:

Estate Home on Lake Peninsula
This palatial, custom built, heirloom estate is a perfect home for entertaining or just relaxing by the waterside. Expansive views of Flat Creek(Douglas Lake) and surrounding mountain ridges. Beautiful professionally landscaped gardens.
Type: Single Family Home
Location: Douglas Lake
Price: $1,120,000
Get more information >
Updated with Private Bedroom Suites!
Want a great investment property, then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views.
Type: Single Family Home
Location: Chalet Village
Price: $249,900
Get more information >
Dramatic Mt LeConte View/Newly Updated!
Totally updated Chalet with dramatic Smoky Mountain (Mt LeConte)views. Level parking which is a bonus as well as within walking distance of pool and tennis courts at Owner’s Club
Type: Single Family Home
Location: Chalet Village
Price: $349,900
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Homes For Sale in Gatlinburg and Across the Country are Adjusting

Smoky Mountain Real Estate joins the rest of the country in an adjustment to life without federal stimulus, for buying houses.  The May news out of the National Association of Realtors for Pending Home Sales was totally expected.  The report for May showed the Pending Home Sales Index fell 30% from the April index reading.  This forward-oriented index tracks home purchase contracts that are signed, but the transaction is not officially closed.  The Pending Home Sales Index has proven to be a useful gauge in tracking home sales.  Trends are more accurate in longer term comparisons.  For instance, there is better accuracy in time frames year vs year, than in month to  month match-ups.  The significant drop from April to May was almost a forgone conclusion.  The extension of the “homebuyer tax credit” artificially forced hesitant homebuyers into the market.  This provided robust home sales figures for; February, March, and April of this year. When the homebuying incentive ended, activity fell off. 

NAR’s chief economist, Lawrence Yun expected this homebuyer behavior from the federal stimulus.  He is pleased that congress has extended the deadline on official closings, because approximately 180,000 buyers missed the original June 30th close date.  Unusually long closing times were caused by tighter lending qualifications, and by lengthy short sale processing.  Yun also expects June figures to be low, as the adjustment to a more natural home buying market takes effect.  The Chief Economist is pleasantly surprised, that some markets have seen increased home purchases without the federal stimulus.  Furthermore, the tax credit appears to have helped stabilize home prices.  Additional good housing news appears in a congressional renewal of the National Flood Insurance Program.

Today’s housing and real estate market is still a great place for purchasing a home or investment property.  Given the uncertainty across the world’s investments markets, Smoky Mountain real estate looks quite good.  There is ample inventory for sale and  qualified buyers will find low interest rates on mortgages.  Our mountain area is geographically beautiful, with many man-made attractions throughout the region.  Check out properties on our user-friendly web site, using your personal search criteria. Contact the Jason White Team to finalize your purchase with help from our experienced real estate professionals.

Here are a Couple of My Latest Listings:

Private Bedroom Suites w/Mountain Views!
Incredible mountain views with private bathroom suites.
Type: Single Family Home
Location: Chalet Village
Price: $269,900
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Mountain Community w/Serene Privacy
Nestled among 13+ acres this Mountain Community offers a mountain stream, tennis courts, pool and many more amenities. This hand crafted custom log home is ideal for retirement living due to the layout.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,000
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