Moving In To Winter The Smoky Mountain Market Is Still Heating Up

Posted by Gatlin on

It’s time to take our monthly look at the Smoky Mountain area real estate statistics. Following the trend we have witnessed in previous months the market is still showing good news. Once we take a look at our usual categories for 2012 we would also like to discuss changes in the year to date 2012 vs. 2011 statistics compared to the 2011 vs. 2010 trends. There we will find signs of improvement as well.

In our first category of Total Residences Sold Through October we stick with the same upward swing we saw in September with an 18% increase over the same period in 2011.

The Total Dollar Volume Sold reflects the above numbers with a 9% increase from last year. That equates to almost a fifteen million dollar increase in volume sold.

The Average Sold Price is down 8% but still shows a 1% increase from September. We have watched this category work its way towards positive numbers throughout the year.

The time homes for sale spend on the market also continues to improve with a 3% drop from the same period last year.

The market continues to improve and we feel the following data is also important to share:

*2012 vs. 2011 total volume is up 9% compared to 2011 vs. 2010 being down 11%

*2012 vs. 2011 number of homes sold is up 18% compared to 2011 vs. 2010 being down 8%

*We started 2012 with 13% more inventory than the previous year and through October there are only 4% more homes available on the market than the same period in 2011.

We expect the numbers to continue the upward swing and feel now is the time to start looking for your Smoky Mountain home. Inventory is decreasing and homes are spending less time on the market. As this continues prices will also continue to improve. Take a look at our website to for your next purchase.

Here Are A Few Of My Featured Listings:

Log Home On Over 3 Acres Charming farmstead Appalachian style log home on over 3 beautiful wooded acres of idyllic Smoky Mountain countryside. Enjoy ridge views along with lots of hardwoods, rhododendron, mountain laurel, hemlock and dogwoods throughout the four seasons. Type: Single Family Home Location: Pittman Center Price: $159,900 Get more information >

 

Money To Be Made!!! Income potential with consistent rental history. $25,737 in 2009, $26,127 in 2010 & $20,352 in 2011. Don’t miss out on all these features! Type: Single Family Home Location: Chalet Village Price: $169,900 Get more information >

 

Great Price For Views Like This Spectacular views and luxury abound in this perfect vacation cabin high above Gatlinburg. Won’t last long with views like this! Type: Single Family Home Location: Chalet Village Price: $169,900 Get more information >

 

Top Advice For Buyers & Sellers From The Team

Posted by Gatlin on

We would like to take a moment to congratulate everyone at Century 21 Four Seasons for an outstanding 2012. Our firm is ranked #1 in gross sales for the year with $48,037,391 in real estate volume to date. Our team is excited to be a part of the number one firm within the Great Smoky Mountain Association of REALTORS. Because of the support of a great company and all of our clients past and present I am able to congratulate everyone who is a part of The Jason White Team for ranking in the top three agents consistently throughout the year. As a team we offer top notch services, expert knowledge and a sincere desire to make each real estate transaction a fantastic experience for our clients.

As the market continues to change on a daily basis it is important to know that you have a team that is in the pulse of what is happening to help you navigate your real estate transaction. Today we are going to offer some top tips and advice from each member of the team to assist you as you consider buying or selling a home in the Smoky Mountain real estate market.

For sellers: As the team’s listing agent I work primarily with those wishing to get their homes on the market and sold. The following are the three things that I believe will help to prepare you for the process of having your home on the market.

*Even though the statistics show the market improving many buyers are still in the mindset of being able to purchase properties at a discount. Be prepared for low offers, even insulting offers. Don’t take it personally! Take a moment to look at it from the buyer’s side – everyone wants the best deal possible. Be willing to start negotiations and view even a low offer as an opportunity to get to the result that you are looking for.

*Make your house shine. First impressions are the most important in real estate and there is a lot of competition on the market. When we have a showing we want yours to be the one that stands out. If you were selling your car you would take the time to clean it up, maybe even have it detailed right? It’s the same for your house. A fresh coat of paint, a good cleaning and attention to needed maintenance will go a long way towards helping you get an offer.

*Stay focused on the outcome not the process. With the number of homes on the market it is important to be patient and stay flexible. It may take some time to get an offer and once you do the process from offer to closing may be demanding but we are here to help navigate the process and make it as smooth as possible. A buyer may need more time to close because of their lender, there may be repairs to be made and the closing company is going to need information. Knowing that these things may occur ahead of time will help you to avoid frustration during the transaction.

For buyers from Stephanie Huskey: Stephanie has been active in the Smoky Mountain real estate market for 7 years and is a dedicated Buyer Specialist. Here are her top three tips for those considering a purchase in the area.

*Give yourself time to look and be flexible. With this being a busy vacation area many properties you are interested in may not be available on certain days, especially weekends. Purchasing a home is a serious investment and is worth taking a few days away from other obligations when you are ready to look. Scheduling a trip during the week instead of on a weekend will make your trip much more productive as more homes will be available and there will be less traffic to delay your day.

*Know ahead of time what your “must haves” are. This will help me to condense the list of homes we view and insure that your time is spent looking at homes that have the qualities you desire.

*The market is moving at a pretty rapid pace. It is crucial to have a mortgage pre-approval or proof of funds letter in hand when you come to look. Many sellers will not even approve a showing unless we are able to provide this ahead of time.

For buyers from Suzanne Walls: Suzanne is also a Buyer Specialist and has 10 years of experience helping buyers reach their real estate goals. She says these are the three things to know when you are ready to start looking at mountain homes.

*Know that the Smoky Mountain market is a prime investment area and our prices may not reflect the discounts that are still available in other markets. Throughout 2012 the market has improved and homes are selling for an average of 93% of asking price.

*All of the areas we serve offer different amenities. Know ahead of time what is most important to you about location such as views, level roads or mountainous and proximity to town. Doing this we will help us make sure we are spending your time here at homes you will love.

*Be prepared to make an offer. When you see “the one” you want to be able to make an offer right away. If you are rating a home as a 9 or 10 someone else is too. The market here is very active and homes are moving.

We are here to help when you are ready to buy or sell. at all of the opportunites available and know you will be in great hands when the time comes to start looking or to put your home on the market.

Here Are A Few Of My Featured Listings:

Beautiful Honeymoon Cabin Produced right at $16,000 in rental income for 2011. Tidy and cute one bedroom honeymoon cabin all on one level. Type: Single Family Home Location: Pigeon Forge Price: $109,900 Get more information >

 

A Place To Remember Step inside this beautiful mountain home and you will quickly see why it is named A Place To Remember. Features five private master suites and did over $30,000 in rental income for 2011! Type: Single Family Home Location: Chalet Village Price: $389,900 Get more information >

 

Heirloom Quality Throughout Not often does a living piece of history come available for sale, perhaps once a generation. Such a time is this. Heirloom quality throughout this solidly built stone cottage boasts quality not often seen in homes built today. Type: Single Family Home Location: Pittman Center Price: $329,000 Get more information >

 

 

 

Foreclosures Hit A Five Year Low

Posted by Gatlin on

Throughout this year we have watched the signs of a market recovery begin to happen. The Federal Reserve has pushed mortgage rates to all time lows, buyers are active in the market, homes are selling faster and prices are beginning to stabilize. In a report released last Thursday by Realty Trac we see even more good news. The online foreclosure website reports that foreclosure filings were more than 16% down from last year. That is a large percentage and can have a huge impact on the market. Numerous factors have contributed to the improvement. Many of the programs and new guidelines that the government and the banks have put in to play to assist homeowners are getting firmly rooted. Many banks are aggressively working to get short sales approved and to assist owners with refinancing at these new lower rates when possible. The government’s Home Affordable Modification Program has helped more than a million borrowers obtain more affordable mortgages allowing them to avoid a foreclosure situation according to an article on CNN Money.

As the pace of foreclosure filings slows down it will begin to be harder to find deeply discounted deals on the market. This will push the market more towards stability as prices are forced to level out. Barclays Capital recently reported that home prices could be back to peak levels as soon as 2015. Rick Palacios, senior analyst with John Burns Real Estate Consulting said “We think the recovery is for real this time around. If you look across the U.S. economy right now, there are only a handful of industries looking at 20-30% growth over the next 4-5 years and housing is one of those.”

The housing market deeply touches the overall economy and we believe an improving market will help the entire economy to improve. Roger Altman, chairman of Evercore Partners and former Deputy Treasury Secretary, said in an article for Financial Times “That turn in the housing market is occurring now and it should become a boom by 2015. It will be powerful enough to lift the entire U.S. economy.” Altman expects housing to add 4 million jobs to the economy over the next five years.

Though we are all excited to see the market improve it does mean that the days of hugely discounted properties are coming to their end. There are still plenty of very well priced homes available on the market and now is the time to if you are thinking of an investment or second home purchase in the Smoky Mountains to take advantage of still low prices.

Here Are A Few Of My Featured Listings:

 

Enjoy Views Of Mt. LeConte Over $25,000 rental income so far in 2012! The scenic setting with views of Mt. LeConte along with lots of native flowering shrubs and dogwoods make this a peaceful place to spend time. Type: Single Family Home Location: Chalet Village Price: $219,900 Get more information >

 

View City Lights Against The Mountains Absolutely amazing views of downtown Gatlinburg and the Great Smoky Mountains National Park. Incredible close up night lights view, you can actually see people on the sidewalks with a dramatic mountain backdrop. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $339,900 Get more information >

 

Close Up City & Mountain Views Over $40,000 rental income for 2010 & 2011! 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 >

 

 

As The Leaves Continue To Change, So Does The Smoky Mountain Real Estate Market

Posted by Gatlin on

As we enter the last quarter of 2012, the Smoky Mountain real estate market continues to change in a positive way. Outpacing 2011 in most categories, 2012 is shaping up to be one of the best years for real estate in recent memory. Buyers are very active in the market and property is moving. The next three months are expected to remain steady as the final quarter of the year has consistently been the busiest for the Smoky Mountain area. Let’s see how the first nine months of 2012 have shaped up.

 September continues last month’s pattern, remaining at 18% more homes sold than the same period in 2011. We expect the numbers to keep climbing through the next three months, continuing to outpace recent years.

In line with the big increase in homes sold, the total dollar volume sold is up from 2011 by 7% or just over ten million dollars.

The average sold price is the only area that has not shown an increase with prices down 9% from last year. The numbers are improving as the year continues with September showing a 2% increase from last month. As inventory keeps moving off the market the prices should continue their climb towards positive numbers.

Buyers are taking advantage of the all time low interest rates and still low prices on Smoky Mountain homes. Homes are spending an average of 8% less time on the market in comparison to 2011.

Now is a great time to begin a search for your Smoky Mountain home. There are over 4,000 single family homes available to choose from in Sevier County and we are positive we can find the “perfect” one for you. Take a minute to visit our website and browse all of the . When the time is right we are ready to help you make your move towards owning in the Great Smoky Mountains.

Here Are A Few Of My Featured Listings:

Beautiful Setting On The River Consistently produces almost $40,000 gross annual income!! Once you see it you’ll never want to leave. Directly on the pristine Middle Prong of the Pigeon River, found to be the cleanest river in the state by the Tennessee Resource Defense Council. Type: Single Family Home Location: Pittman Center Price: $399,900 Get more information >

 

Large Lot & Ready To Move In To Very nice neighborhood with quality homes on big lots in a scenic setting. Easy access to both Sevier County and Knox County via pretty country roads. Type: Single Family Home Location: Sevierville,TN Price: $229,900 Get more information >

 

Busy Location for Office/Residential! Great, busy location ideal for commercial office site. Has a separate entrance for lower level so could be used for two businesses or in-law quarters if used for residential. Type: Office Location: Sevierville,TN Price: $249,900 Get more information >

 

Steady Progress For The Gatlinburg Area Real Estate Market

Posted by Gatlin on

National real estate news continues to report positive progress for real estate as a whole and the Smoky Mountain area is no exception. The statistics through August reflect the same steady progress that we have witnessed throughout the year and with more positive changes being put in to play, such as the new we spoke about last week, we expect the trend to continue. Let’s take a look at the progress we have made so far in 2012.

In the category of Total Residences Sold we see an 18% increase over 2011. We would also like to point out that this is the highest number of single family homes sold in Sevier County since 2007.

The Total Dollar Volume Sold category shows almost $7,000,000 more real estate sold than last year. With mortgage interest rates so low buyers are very active in the market and homes are moving.

The Average Sold Price is still down however, we have maintained that as distressed properties are liquidated this will improve. The new guidelines for certain short sales that go in to place on November 1st will help move these properties along at a much more rapid pace.

Homes continue to spend less time on the market as buyers are ready willing and able to invest in real estate and sellers are taking advantage of the number of buyers in the market. Smoky Mountain properties are spending an average of 2 weeks less time on the market than they did in 2011.

We encourage those of you who have been dreaming of a home in the Smoky Mountains to take advantage of the current low interest rates and explore the wide variety of in the area. If you are thinking of selling but were holding out for the right time, we are happy to provide you with a to see what the current market value of your home may be. Our team is ready to help make your real estate goals a reality.

Here Are A Few Of My New And Reduced Listings:

Your Hillside Retreat Has produced over $27,000 in rental income for 2012 so far following great income history for both 2010 & 2011. This authentic log cabin sits atop the most beautiful lot in the subdivision. Type: Single Family Home Location: Pigeon Forge Price: $267,500 Get more information >

 

Picture Perfect Views Beautiful and private 2 acre site with postcard views. Literally, we have post cards from the 70’s that have the view from this home’s deck on them. A picture perfect view for sure. Type: Multi Family Home Location: Chalet Village Price: $422,500 Get more information >

 

Heirloom Quality Throughout Not often does a living piece of history come available for sale, perhaps once a generation. Such a time is this. Heirloom quality throughout this solidly built stone cottage boasts quality not often seen in homes built today. Type: Single Family Home Location: Pittman Center Price: $365,000 Get more information >

 

New Short Sale Guidelines Bring Changes To The Market

Posted by Gatlin on

In the past if you were upside down on your mortgage but still current on your payments you may have been told you would not qualify for a short sale. This could cause further hardship if you had experienced  a divorce, job transfer or other life changing event that was going to make it increasingly difficult to maintain your payments. Or, as a potential buyer interested in a short sale property listed on the market you may have heard how difficult and time consuming the process would be while waiting on the bank to make a decision. We have maintained in several previous posts that approving more short sale applications and improving the process will impact the market in a significant way by keeping foreclosures out of the market place. With encouragement from the National Association of REALTORS it seems that this is exactly what the FHFA is accomplishing. For many these situations may be a thing of the past with new guidelines being put into place as of November 1st of this year by the Federal Housing Finance Authority. Let’s see what a few of the changes are and how they will help change the situation of home owners, buyers and the market.

Certain home owners do not have to be delinquent to qualify:

The new guidelines will allow certain home owners who are still current on their mortgage to qualify for a short sale. To qualify you must have a mortgage that is insured by Freddie Mac or Fannie Mae. To verify if your mortgage is backed by one of these agencies you may visit http://www.FannieMae.com/loanlookup or https://www.FreddieMac.com/corporate/. 

After determining this you must have one of the following hardships:

• Death of a borrower or death of the primary or secondary wage earner in the household • Unemployment • Divorce • Long-term disability • Distant employment transfer/relocation (more than 50 miles one way) • Increased housing expenses • Disaster (natural or man-made) • Business failure

Less required documentation and faster processing:

In an effort to expedite the approval of more short sales many guidelines are being put into place to streamline the process. One key change is that home owners who have low credit scores and have missed several payments will be required to provide little or no documentation to prove the need for a short sale. This will also help buyers in the market as much of the delay in getting an approval has been waiting on the collection and review of endless amounts of documentation. To keep the process moving lenders will be required to adhere to strict time lines for considering short sales. They must review and respond to a short sale offer within 30 days, provide weekly status updates if an offer is under review for more than 30 days and submit a final decision within 60 days of receipt of the offer and completed documentation.

Financial changes:

Fannie Mae & Freddie Mac will waive their right to pursue a deficiency judgement after a completed short sale in exchange for a financial contribution towards the difference when the owner has the income or assets to enter into such an agreement. Evaluating this situation will now be part of the approval process. Special consideration will be given to military personnel who are being relocated. Service members will be automatically eligible for short sales whether they are delinquent or not and will not be required to contribute funds to cover the short fall on the mortgage. The last major financial change is that Fannie Mae and Freddie Mac will offer up to $6,000 to pay off secondary liens on the property. In the past negotiating a second mortgage could drastically slow the process down and this change will help to keep things moving forward.

These changes have the potential to benefit numerous people and we ask that if you or someone you know may benefit from a short sale of their home please reach out to us. A short sale has the potential to change someone’s financial outlook and will certainly help the real estate market by keeping a foreclosure from happening. I am a Certified Short Sale Specialist and our team has the dedication, sincerity and experience to successfully negotiate a short sale. More information about the new guidelines may be found at this website.  

Not Short Sales But Still Great Deals:

Beautiful Honeymoon Cabin Produced right at $16,000 in rental income for 2011. Tidy and cute one bedroom honeymoon cabin all on one level. Type: Single Family Home Location: Pigeon Forge Price: $109,900 Get more information >

 

Great Home Or Home Away From Home Custom built home in desirable Norton Creek. It is in such good condition, you’ll think it was just finished. Thoughtful design for year around low maintenance make it suitable for retirement, second home use or as a family home. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $259,900 Get more information >

 

Custom Built Home On The River Custom built home on the Pigeon River with year around mountain views in one of Sevierville’s most sought after neighborhoods. Type: Single Family Home Location: Sevierville,TN Price: $379,700 Get more information >

 

Smoky Mountain Real Estate Continues To Gain Ground In July

Posted by Gatlin on

The year has been positive so far for the Smoky Mountain real estate market. Looking at the market statistics through July we see continued improvement in most categories for single family homes in Sevier County with some areas showing huge gains over last year. Buyers are very active and properties are moving. Let’s see what the numbers have to tell us.

The category of Total Residences Sold shows that buyer activity remains strong with a 15% increase from 2011.

Total Dollar Volume Sold goes hand in hand with the last category and reports $5,203,117 more real estate sold than last year. We are also seeing homes in higher price ranges selling this year which will continue to push the increases in volume.

The Average Sold Price still lags behind 2011 but continues to improve every month. With the balancing of inventory occurring as distressed sales leave the market and homes in higher price ranges are selling we believe this category will continue moving towards being stabilized.

The Average Days On Market lets us know that sellers are ready to sell and buyers are ready, willing and able. From last year homes are spending 6% less time on the market and the number has shown gains from 2011 each month.

The Smoky Mountain region is a hive of real estate activity and opportunities. If you have been dreaming of owning a home near the National Park now is a great time to take a look at the and find your perfect get away. Our team is ready to help you every step of the way.

Here Are A Few Of My New Listings:

Fantastic Rental Income!! Fantastic rental income! Produced over $26,000 in rental income in both 2010 & 2011! Lots of features you want in a Smoky Mountin retreat. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $185,000 Get more information >

 

Quality Features & Mountain Views If you are looking for your own home away from home you must see this quality three bedroom. Fantastic Smoky Mountain Views, attached garage, workshop & much more. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $349,900 Get more information >

 

Great Price On A Gatlinburg Home Cute vintage chalet practically walking distance to Gatlinburg. Always used as a second home and perfectly suited for a weekend family get-away. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $89,900 Get more information >

 

Continued Improvement For The Smoky Mountain Real Estate Market

Posted by Gatlin on

Nationally the real estate market is improving and the statistics for single family homes in Sevier County show that the Smoky Mountain region is no exception. The numbers show strong improvement over last year in most categories for the first half of the year, let’s take a look.  

June’s numbers keep 2012 ahead of last year in the category of Total Residences Sold. With a difference of 21% or 111 more homes sold than the same period last year we see that buyer activity continues to be strong.

In the Total Dollar Volume Sold category 2012 outperforms 2011 with a 7% increase. This is just under seven million dollars more real estate sold than in the first half of 2011.

The Average Sold Price is still behind 2011 but shows improvement from last month. Through June the average price is down 11%, last month it was a 14% decrease from 2011. The number of foreclosures that are being sold and leaving the market continues to help with improving this number.  

In the last category of Average Days On Market we see signs that buyers are in the market and ready, willing and able to buy. With a 7% decrease in time on the market there is no doubt that the Smoky Mountain real estate market is active.  

The market is changing for the positive at a steady pace and we believe this trend will continue. Considering the purchase of a Smoky Mountain home? This is the time to take advantage of current mortgage affordability and the wide variety of available homes for sale. Spend some time browsing to see everything the area has to offer. When the time is right we are ready to assist you on your path to owning a mountain home.

Here Are A Few Of My Featured Listings:

Private Chalet Minutes To Downtown Produced $23,207 rental income for 2010 & right at $20,000 for 2011! Great location only a mile from the 441 Parkway and about 1.5 miles to downtown Gatlinburg. Type: Single Family Home Location: Chalet Village Price: $189,900 Get more information >

 

Two Acre Mountain Retreat Charming log cabin on a private two acres. Type: Single Family Home Location: Pigeon Forge Price: $189,900 Get more information >

 

Great Home Or Home Away From Home Custom built home in desirable Norton Creek. It is in such good condition, you’ll think it was just finished. Thoughtful design for year around low maintenance make it suitable for retirement, second home use or as a family home. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $269,900 Get more information >

 

 

Expect Strong Improvement For The Real Estate Market In 2012

Posted by Gatlin on

When we looked at the Smoky Mountain market statistics for January through May of 2012 it was noted that homes are selling faster, sales volume is up but prices are still down by 14% from last year. We believe that this is directly related to the still existing inventory of distressed homes that are lingering on the market. Distressed homes affect not only the market but families, communities and the overall economy. It is positive news that both lenders and government have been working through several new options and getting more aggressive in their  attempts to liquidate inventory and prevent more from coming to the market. The National Association of REALTORS believes that increasing access to affordable loans and committing more resources to loan modifications and short sales is the key to calming the situation.

As we move through the year we expect to see the average sales price move more and more towards stronger numbers. Buyers are actively involved in the market and mortgage rates are at all time lows. The pieces are falling in place for a market recovery and every month we see more positive news both locally and nationally. The National Association of REALTORS reports that although the last four years in home sales have been essentially flat they forecast a solid increase of around 400,000 more homes sold in 2012. Nationally all major home price trackers are showing a trend of rising home prices in many areas. Harvard University’s Joint Center for Housing Studies released it’s Annual State of The Nation’s Housing report for 2012. The report points to increasingly strong market fundamentals and says home sales could see serious improvement this year.

Slower job growth, the above mentioned distressed properties and the slow pace that young people are moving in to their own homes are a few things hanging over the recovery but things are moving in the right direction. With rentals getting pricier and mortgage affordability at an all time high, demand continues to increase. The report from Harvard includes a detailed graph showing how much more affordable mortgage payments have become compared to rental rates. We expect to see many more first time buyers entering the market as the year progresses.

With the flurry of activity in the market now could be a great time to consider putting a home on the market as buyer exposure is continuing to increase. Wondering how much the market may have changed this year? We are happy to prepare a for you to give you an idea of what buyers are currently paying for homes similar to yours.

Thinking of buying a mountain home? With plenty of properties at great prices still to be found in the Smoky Mountain region and mortgage rates so low, now is the time to enter the market. We are happy to assist you with getting pre-approved, finding the right home and assisting with your path to home ownership. Why not take a look at all that is available at our ?

Here Are A Few Of My Featured Listings:

Like Brand New
The effective year built on this cabin is basically 2009. A very impressive top to bottom remodel has totally transformed it into one the nicest and most up to date you’ll find.
Type: Single Family Home
Location: Chalet Village
Price: $488,000
Get more information >

 

Custom Built Home On The River
Custom built home on the Pigeon River with year around mountain views in one of Sevierville’s most sought after neighborhoods.
Type: Single Family Home
Location: Sevierville,TN
Price: $389,700
Get more information >

 

Secluded & Private Country Home
Over $30k rental income in both 2010 & 2011! This secluded & private country home is located in the heart of the Arts & Crafts community.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $289,900
Get more information >

 

The Smoky Mountain Real Estate Market Is Heating Up

Posted by Gatlin on

As we look at the statistics for single family homes in Sevier County through the end of May we are met with positive news in several categories. Buyer activity in the market continues to be strong, distressed properties are closing and disappearing from the market and higher priced homes are starting to move. Let’s take a look at what the numbers have to say.

2012 continues to stay ahead of last year in the category of Total Residences Sold. With a difference of 21% or 94 more homes than the same period last year there is no doubt that the market is active.

May gave 2012 some momentum and overtakes 2011 with a 4% increase in the Total Dollar Volume Sold category. This is an increase of just over $3,000,000 in real estate sold.

The Average Sold Price is the only category that is still not ahead of 2011, showing a 14% decrease. This can be attributed to the continued liquidation of distressed homes and as the year continues we can expect to see this number looking more positive as well.

In the last category of Average Days On Market we continue to see signs that we are in an active and improving market as we see the time on the market decrease by 9% vs. last year.

If you have been thinking of putting your Smoky Mountain property on the market now is a great time to get a and measure what the market may have to offer. Properties are certainly moving and buyers are continuing to stream in to the market. Thinking of purchasing? There are still several great deals available and a wide variety of properties to choose from. Why not take a look at our and see if your dream property is waiting for you here in the Smoky Mountains?

Here Are A Few Of My Featured Listings:

Consistent $$$ Maker At A Great Price!! CONSISTENTLY RENTED OVER 200 DAYS PER YEAR FOR THE PAST FOUR YEARS, WITH REVENUE RANGING FROM $38,000-$41,000! Wonderful and spacious 3-level cabin tucked away in Gatlinburg and only a short drive to the Great Smoky Mountains National Park! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $250,000 Get more information >

 

Simply Unforgettable Over $20,000 in rental income for both 2010 & 2011! Located near Roaring Fork Motor Nature Trail this charming log cabin is sure to please. Beautiful wooded setting, very private and serene. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $199,900 Get more information >

 

Updated & Mountain Views 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: $219,900 Get more information >