Home sales and prices are rising! This could mean good news for all clients. Home sales in June were 5.57 million at annual rates, the highest since February 2007, when national home prices peaked. Currently prices as measured by the Case-Shiller National Home Price Index are climbing at a 5% annual rate and are a mere 3% from their all-time peak. As you all noticed in last week’s post, the statistics for our area have seemed to climb up, up and up! With the exception of the amount of homes available on the market. This is positive news for our area! And when you visit us in the Great Smoky Mountains, it is not hard to understand why so many people choose our area to vacation or retire. Now that kids are back to school, this month is a perfect opportunity for you to come and check out all that our area has to offer! Let us know what the Jason White Team can do to help you! Please feel free to browse our Featured Properties  and learn more about the Jason White Team.

This Week’s Featured Listing: 

1886 Acorn Branch Lane, Gatlinburg, TN 37738

Heirloom quality combined with exquisite design create an atmosphere of timeless beauty in this custom crafted 8,974 sq. ft. Mountain Shingle home resting among 4 pristine acres overlooking the Great Smoky Mountain National Park. This estate offers total privacy yet is nestled in the heart of Gatlinburg’s Arts & Crafts community with all city services including gas, water, sewer and year-around street maintenance. The quality is apparent as one enters through the custom crafted iron gate over brick pavers. The mountain stone patio greets you at the custom front door where you’ll notice the nearly maintenance free exterior of stacked stone and thick poplar bark shakes. Inside you’ll fine a totally handicap accessible home with an elevator that services all three floors. The main level master bedroom features his and her bathrooms, fireplace, dedicated HVAC and private laundry room. Interior details include “hand scraped” oak flooring, coffered living room ceiling, built in book shelving, extensive recessed lighting, in-law suite with private entrance, 5 masonry fireplaces, hammered copper kitchen sink, Viking gas range, custom closet and pantry shelving, beautiful tile work, formal dining w/ butler’s pantry, eat in kitchen with island bar and open den, huge home office space, whole house commercial generator, 4-5 car garage space along with much more than one could possibly list. Truly spectacular, tasteful and one-of-a-kind. Photo Tour: http://tours.knoxtours.net/public/vtour/display/590652?previewDesign=8237

 

 

 

For the past several months, both local & national real estate markets have experienced a continuous, but steady, growth in several key real estate market categories.  As we look at the statistics for the Great Smoky Mountains real estate market through July 2016, we find that our local market continues to reflect the trends of gradual and continuous growth both here locally and nationally.  We have come to see this trend for some time now.  The numbers below will reflect that continued growth for July 2016 as compared to that of July 2015.

In the category of Residences Sold, we see that comparing July 2016 to that of July 2015, the number of residences sold increased by 17%, as 275 more homes were sold at the end of July 2016, as opposed to July 2015.  This vigorous growth is largely in line with the continued growth in this same category that we have experienced for the past several months.  We fully expect this trend to continue in this category.

In the category of Residential Dollar Volume for July 2016, versus July 2015, we also see an increase of 22%.  This continues to reflect a consistent and steady climb with a high percentage growth from year-to-year.  This statistic shows the largest increase in this category for the past several months.  This trend shows the consistently higher home prices that have been taking place over the past couple of years on a national scale.

 

 

Sellers in our area continue to experience good news in the category of Average Sold Price!  For July 2016, compared to that of July 2015, the average sold price shows an increase of 5%, which, also reflects a steady and consistent growth of a stronger local market in this category.  As confidence continues to grow in both local and national markets, we expect that this upward trend of higher home prices will continue in the foreseeable future.

 

 

Lastly, the available homes on the market continue to show a slow decrease, which the market has reflected over the past several months.  Through July 2016 versus July 2015, the number of available homes has declined by 8%, which is a decrease of 465 homes in available inventory.  This same trend for available inventory has occurred for the past several months.  This is in-line with the national real estate trends.  With this declining inventory, the local market is showing signs toward more people wanting to buy the available properties currently on the local market, and that with higher home prices, more people may feel a greater sense of confidence in listing their homes for sale, along with a increased interest in buying what inventory is currently available.

 

 

As the market continues to experience this growth, both locally and nationally, the market statistics are expected to experience a gradual growth for the foreseeable future through the remainder of 2016.  Mortgage rates still remain at historically low levels, and there are still plenty of housing options to choose from, especially here in the Great Smoky Mountain real estate market.  To start your Great Smoky Mountain home search today,  take a look at just some of our Featured Properties and see what the Smokies have to offer you!  Turn your home ownership dreams into a reality.

 

925 Elm Road, Gatlinburg, TN 37738   -$785,900- Luxurious, totally private, well-built, 4,900 sq ft, 3 Bedroom, 3.5 Bathroom located on 4 lots in Chalet Village North. This                 home offers a two car garage and is in a great location, close to downtown Gatlinburg, the National Park, and all of the areas main attractions! Each bedroom is a master                       suite, and the great room offers vaulted ceilings. This property also holds an exercise room, three stacked-stone fireplaces, a hot tub, and a screened-in porch. Come and                       all this property has to offer!

335 Pinnacle Drive, Gatlinburg, TN 37738  – $399,900 – 5 Bedroom, 5.5 Bath, 3,400 Sq Ft log-style chalet, in a great location!! 1/2 Mile walking distance to all the City                         Trolley Stops, and very close to Downtown Gatlinburg. This home features amazing views of Mt. LeConte and offers 3 deck levels to relax and enjoy the scenery. Each of the                 5 bedrooms offer a master-suite style and private bathrooms. Home is complete with a lower-level recreation room area, complete with pool-table and walk-out to the                           outdoors. One of a kind!

 

Congratulations to The Jason White Team for recently winning the Pacesetter Platinum Award! Our team was presented this award for Outstanding Sales Achievement & Performance for the first half of 2016. This is a great honor for our team, and we look forward to continuing to help our clients with the home ownership dreams here in the beautiful Great Smoky Mountains.

 

Here at The Jason White Team, we work constantly to help buyers and sellers alike to make their home ownership dreams come true here in the Smokies. Why not see what our team can do for you today? Check out some of our Featured Properties today! We look forward to working with you.

 

This Week’s Featured Listings:

 

   1026 Deep Hollow Road, Gatlinburg, TN 37738 – $149,900Totally private, cozy, 1BD/1BA, 1,200+ sq. ft. chalet, nestled among the forest of Chalet Village North, & only 1.5 miles to dwtn. Gatlinburg, the Nat’l Park, & the attractions. This home is set in a very beautiful, wooded setting with a very rustic feel. The cedar siding and covered porches give a real sense of mountain living in the Smokies. The floor plan is an open & spacious style, complete a very Large Great Room on the main floor, combining a Large Living Room w/fireplace, dining room, & kitchen, all rolled into one. On the 2nd floor, you have an incredibly large Master Suite, which combines a Large Master Bedroom w/an In-Room Whirlpool, Master Bathroom, and a Private Laundry/Utility Room into one great Suite, along w/your own Private Balcony. I also features a wraparound porch, hot tub, & your own Private Yard, perfect for pets. Only mins. to dwtn. Gatlinburg, the Nat’l Park, Ober Gatlinburg, the attractions & owners club with pool and tennis courts (should you choose to join the HOA). A very well-kept home in a great location, all nestled in a very private, wooded location – come see it today!

 

! 419 Wiley Oakley Drive, Gatlinburg, TN 37738-$229,900 “Creekside Serenade” offers beautiful decor, privacy, two levels, two spacious master suites with whirlpool tubs (one on each level), comfortable game room, secluded decks and lush wooded surroundings. You’ll love the convenient location only 1.5 miles from downtown 441 Parkway Gatlinburg and five miles to the strip in Pigeon Forge. This architecturally designed chalet features comfortably rustic furnishings, pool table, 4 person outdoor hot tub, fully equipped kitchen, high speed Internet, 2 gas fireplaces , washer/dryer, gas grill and level parking for 2 cars. You’ll also enjoy the high ceilings, open floor plan, cozy environment, spacious rooms, outdoor living space and lush Rhododendron forest. Secluded yet close to all the action and only one mile from the private club pools, tennis courts and club house. Come and see all this property has to offer!

 

 5055 Riversong Way, Sevierville, TN 37876- $1,250,000 Spectacular, private, gated estate in the heart of Pittman Center on over 5 acres offering spectacular river, forest and mountain views. Features such as the 2 car detached garage with guesthouse, 2 car porte-cochere, level parking, 6 bedrooms, 5 baths, loft, game/theatre room insures there are plenty of spaces for friends and family. Big, open great room with soaring ceilings featuring a wall of glass is perfect for entertaining large groups. The open kitchen is boasts a long bar, granite counter tops, stainless steel appliances and a huge pantry with additional refrigerator and utility sink. The master bedroom upstairs offers lots of privacy, balcony with fantastic view, huge walk in closet, and a unique custom walk in shower with its own balcony. The lower level features a massive game/theatre room, two bedroom suites and another deck. There is an attached 2 car garage with a 24×24 guest suite above. This home is totally private, gated and has spectacular views of Greenbriar Pinnacle, famous for enchanting moonrises, along with sweeping views of the Pigeon River corridor. It has been used as a private residence and now serves as an excellent income producing vacation rental ideal for weddings and family reunions.

The monetary value of owning a home has never been greater, at least according to one figure found in this month’s Commerce Department report. An astounding record high of 4.4% of American’s Total Household Receipt came from rental income this year thus far. That is a great number, especially considering the 0.7% who held this figure just thirty years ago, and is an all-time high of figures dating back into the 1940’s. According to the Commerce Department, rental income includes landlord’s profits; but what is less obvious, is that it also includes what owner-occupants WOULD make if they rented out their homes. These figures underline a fairly important trend- that homeowners who escaped the wrath of foreclosure during the financial crisis are doing well in the years to follow, however, renters are still having a difficult time. There are two economic trends at play here, and that is what is allowing these figures to climb. Firstly, mortgages are at a substantially low rate, which allows more profit for landlords. Secondly, the availability of homes for rent has decreased greatly, driving the demand up, up and up. So far this year, the cost to rent has increased by 3.5 percent, a post-recession high. Gatlinburg is home to many rental companies and includes nightly rentals, weekly rentals, and long-term rentals. Are you looking for a great investment? Check out some of our Featured Properties and learn what the Jason White Team has to offer!

 

This week’s Featured Listing –

 

 419 Wiley Oakley Drive, Gatlinburg TN 37738  – $229,900 “Creekside Serenade” Offers beautiful decor, privacy and luxury. Two spacious master suites with  whirlpool tubs (one on each level), a comfortable game room, secluded decks with wooded surroundings. The convenient location is only 1.5 miles from the Parkway and just 5 miles to Pigeon Forge. Features comfortably rustic furnashings, a pool table, hot tub, fully equipped kitchen, 2 gas fireplaces and level parking. Secluded, yet close to all the action, and only one mile to the private club pools, tennis courts and club house. Come and see all this property has to offer!

 

 

 

Every year, an estimated 12 million people travel to our area to vacation. There are hundreds of reasons as to why people love to vacation here, but why do you think this is such a great relocation spot? Let’s find out.

The Gatlinburg area is home to a generous mix of cultures, providing interesting and intriguing diversity year-round. Being home to the nation’s most visited National Park, many avid hikers, retirees and outdoor lovers find themselves settling down here, as the mountains do truly feel like home. The natural beauty draws many people to the area! In addition to the park, the many attractions we boast, including Ripley’s Aquarium of The Smokies, Dollywood, and Dixie Stampede make it a perfect area for young families to live. You will never run out of things to do here! For the artist, Glades Road in Gatlinburg offers the most ample opportunities to do what you love. The area hosts a multitude of artists, including potters, oil painters, wood makers, glass-blowers; the list is endless!

There are many things that contribute to the one-of-a-kind East Tennessee feeling you get here in Gatlinburg. A combination of natural beauty, attractions, culture, and more add up to a unique environment that you will find no where else in the world! Not only is this an amazing place to vacation, it truly is a wonderful place to live. So what are you waiting for? Please feel free to browse our Featured Properties to see what The Jason White Team can do for you.

 

 

1061 Ski View Drive

“Chateau Sur la Monte” $475,000- If you are looking for a home with views, look no further! This property features stunning views of Mt. LeConte & the Smokies from all three balconies. 3,100 square feet, 4 Bedrooms, 3 Baths, 2 Half Baths. A very impressive top-to-bottom remodel has transformed this chalet into one of the most beautiful and up-to-date chalets you will find in the area. Come and see for yourself!!

 

 1715 Smoky Hills

$399,900 A gorgeous 3 Bed 3 Bath cabin with a stunning floor plan! This home is 2,520 square feet, with oversized rooms throughout. The main level features a master suite, open floor plan, great room, gas fireplace, and so much more. Downstairs, you will find two more bedrooms suites, a game room, an a bunk alcove which has a walkout to a patio. This property is truly beautiful!

 

 

The last several months have reflected a steady growth in several key categories in both local and national real estate markets. As we study the statistics for the Great Smoky Mountains real estate market, we will find that most categories have a considerate rise from last year. Let’s now see what the numbers have to say for June of 2016, as compared to one year ago.

 

 

In the category of Residences Sold, we see that in comparing June of 2016 to June of 2015, the number of residences sold increased by 19%. This year, there have been 292 more homes sold than that of last year. This figure shows a continually robust growth! We will see if this trend continues with any future statistics, although it sure shows a strong trend for residential sales as a whole.

 

 

In the category of Residential Dollar Volume, we see a generous increase of 23% compared to last year. This specific category does show a continued high percentage from year-to-year. The Great Smoky Mountains area has a trend of relatively steady, stable, and even robust growth in terms of this category, and continues to reflect the consistently higher home prices that have been taking place for over the last couple of years, even on a national scale.

 

 

 

There is also good news for the sellers in the Average Sold Price Category! When we compare June 2015 to June 2016, we will see that the average sold price has risen by 4%. This percentage increase proves a steady growth, reflecting a stronger local market. As confidence continues to grow in both Local and National markets, we foresee that this relatively steady and upward trend of higher home prices will likely continue.

 

In our final category, available homes on the market are continuing to show a trend of steady decrease, which has been occuring now for the last year. Through June of 2016, as opposed to June of 2015m the number of available homes has declined by 7%. This decline continues to show a marked decrease in terms of available inventory in our local market. This is largely in line with the latest in national real estate trends. This may foretell that with declining inventory, the local market is showing movement towards more people wanting to buy in the area. Sellers may feel more confidence in placing their homes on the market.

 

 

Why not start your search for your home in the Great Smoky Mountains Today? Please take a look at our Many Featured Listings and see what The Jason White Team can do for you!

 

  1239 Ski View Drive – This home is truly one of a kind! 3 Bedrooms, 3 Bathrooms, 3,860 square feet. This home has beautiful views of the Smokies, a garage, even an elevator! Starting in the garage, you will walk into the recreation room complete with pool table, plenty of room for fun and games, and ample storage space. The second floor features two master bedroom style rooms, both with private baths and walk-in closets, and a shared fireplace. This level also includes a sunroom area with large windows, as well as a deck area, where you can see some truly breathtaking & beautiful views of the Smokies. On the next level, you have an open living room w/high, vaulted ceilings, as well as a shared large fireplace between the living room and kitchen/dining room with beautiful, black granite countertops in the kitchen area, as well as access to a second deck level, by which family, friends, & guests alike can enjoy those incredible mtn. views. On the top level, which is a loft, you have a third bedroom with an adj. bath, as well as an open den/office area, allowing for privacy & comfort at the same time. View it today!

Fannie Mae’s Home Purchase Sentiment Index has soared to a high during the month of May. In the last month, statistics have shown that consumers have begun to feel more upbeat about selling their homes! After hitting an 18 month low in March, the index reached a reading of 85.3 in May. Several components in the index measures have registered great increases in last month alone. Consumers are reporting a significant increase in income compared to only a  year ago. Consumer were also very upbeat about mortgage rates decreasing over the next year. “Continued home price appreciation has been squeezing house affordability, driving a two year downward trend in the share of consumers who think it’s a good time to buy a home,” said Doug Duncan of Fannie Mae. “The current low mortgage rate environment has helped ease this pressure, and fewer than half of consumers expect rates to go up in the next year.”

It sure does seem like a great time to be in the market! Why don’t you see what The Jason White Team can do for you?

 

 

FEATURED LISTINGS:

 

            1157 Eagle Pointe Way – $389,900 – 3 BR/3.5BA  This beautiful log cabin has almost 3,400 square feet and features amazing mountain views. Located adjacent to Wears Valley, as well as minutes from shopping and attractions. Ideal as a permanent or second home–and also has incredible rental potential! Beautiful outdoor fire pit area, large master bedroom with a side deck & walk-in closet, & a large master bathroom with whirpool and beautiful tile walk-in shower. This home is truly a must see!

 

 

 

   120 Bon Air Drive, Unit 3072 – $320,000 – 2BR/2BA This well-built, end unit condo is located right in the heart of downtown Gatlinburg. A quick walk can take you to many attractions, shopping, even the National Park. Gorgeous views of the smokies, downtown, and the Ober Gatlinburg tram! This condo offers a full kitchen with granite countertops, and a large living room/dining room combo, complete with a beautiful masonry fireplace. The huge master bedroom includes walk-in closet, a private walk-in shower in the bathroom, as well as a private deck off of the bedroom. Come and view this property!

This week has sure proven that summertime is HERE in the Great Smokies! It has been hot, hot, hot! There are many great things to do here in the warm weather. Gatlinburg is home to the historic Arts & Crafts Community, which is the largest group of independent artisans in North America! On the Historic 8 Mile Loop you will find artisans of all trades: woodwork, pottery, painting, candle making, jewelry making, stained glass, and the list sure does go on.

 

If arts and crafts are not your thing, perhaps you could take advantage of the miles of trails and waterfalls our great area has to offer! For full details on the hiking trails in this area, visit hikinginthesmokys.com

We encourage you to come check out the fabulous opportunities the area has to offer you! While you are here, allow us to show you some wonderful properties.

 

 1104 Alpenrose Road, “Smokey Sunrise”

 

 519 Gatlin Drive, Gatlinburg TN, 37738

On behalf of all of us here at Century 21 Four Seasons, The Jason White Team, we would like to wish you all a very safe and happy Memorial Day Weekend! This year, Memorial Day will be celebrated on May 30th. We also want to thank all of those who have served and sacrificed so much for our great country. This weekend will be spent celebrating the lives of men and women who died serving in the U.S Military. Memorial Day was originally known as Decoration Day, and it originated during the Civil War and became a National Holiday in 1978! Many americans will spend their weekend hosting gatherings, going to parades, and kicking off the “unofficial” start of summer!

 

The Great Smoky Mountains will host a variety of opportunities that will be sure to make this year’s Memorial Day Weekend one you won’t ever forget! During the day, take the time to explore the outdoors by taking a hike in the park, enjoying a horseback ride, or visiting Dollywood’s Splash Country. The evenings can be spent by dining at one of the many fabulous restaurants, putt-putt golf, or maybe a ride on the Smoky Mountain Wheel! Whatever you do this weekend, take the opportunity to sit back and enjoy life. Why not see what the Great Smoky Mountain’s have to offer you today?

 

Our Featured Property for This Week:

  1783 Mountain Shadows Way –

 

PRICE REDUCTION!!!!!! $159,900! 1 BD/2 BA, 1,200+ sq ft, cozy, studio-style log cabin, located in a well-developed subdivision, only mins. to dwtn. Gatlinburg. Has made over $21K in rental income in 2014, and then made over $24K in rental income in 2015! This log cabin has great partial mtn. views of the Smokies from two deck levels, & is only mins. to nearby attractions, such as the Nat’l Park, dwtn. Gatlinburg, nearby shopping, & is adj. to the Gatlinburg Arts & Crafts Community. Inside this cabin, you have a spacious & open great room w/vaulted ceilings on the main level, which is a studio-style area that combines kitchen, dining room, living room, whirlpool, & master bedroom all into one spacious room w/vaulted ceilings. Also has easy access to the master bathroom, as well as a main level deck area w/great partial views of the Smokies. On the lower level, you have a large recreation room & den area, along with a 2nd bathroom and a lower level deck w/hot tub, allowing for lots of space to entertain family, friends, & guests, all in a very cozy, well-built cabin. Very well-built inside & out, w/beautiful log construction, & is ideally located to all of the nearby attractions of Gatlinburg. A great, cozy cabin & location – come see it today!