As we move out of February into March we are seeing amazing spring weather with temps in the 60’s and above. February’s real estate market in The Great Smoky Mountains also closed out with some positive activity and movement signaling good things to come for home buyers & sellers along with the spring weather. Let’s take a look at what the numbers have to say.
In the first category of Total Residences Sold, we see an increase from last year of 9% with 186 homes sold.
In the category of Total Residential Volume Sold, we have a slight decrease of 10%. We believe this relates to the number of lower priced foreclosures the banks are still working to liquidate from the market.
Relating to the previous category, the Average Sales Price also shows a small decrease of 17%. As more of the lower priced properties are closed and off the market we will begin to see these numbers move closer to positive.
In the last category of Number Of Active Listings we show an increase of 330 homes available on the market over last year.
With signs of spring all around and plenty of deals still available on Smoky Mountain homes, this is a great time to plan a visit and start searching for your Smoky Mountain dream. There are almost 3,000 homes to choose from making it easy to find the Smoky Mountain cabin, chalet or other residence that is perfect for you. Begin at our to view all of the Sevier County, TN homes available.
Here are a few of my featured listings:
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Your Smoky Mountain Dream Smoky Mountain dream cabin for a great price. Wrap around covered decks w/vaulted ceilings and exposed beams. Level yard, patio, spacious rooms and walking distance to Arts & Crafts shops. Type: Single Family Home Location: Price: $239,900 Get more information > |
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High on a Ridge outside of Gatlinburg Log cabin high on a ridge with spectacular views of the Smokies. Excellent location- only 5 mins to Gatlinburg or Pigeon Forge. Cozy log construction. Type: Single Family Home Location: Gatlinburg, Tennessee Price: $129,900 Get more information > |
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Fantastic Rental Income & Mtn View! Almost $37K rental income for only 8 months of 2011! Furnished rental with fantastic Mt LeConte view. Lots of decks w/hot tub to enjoy the view. Bedroom suites w/rec room and kitchenette for entertaining. Lots of room for large groups. Sleeps 18. Type: Single Family Home Location: Sevierville,TN Price: $399,900 Get more information > |
Smoky Mountain real estate could be your ticket to an extended golfing season. The beautiful mountains of East Tennessee are well known for a cornucopia of outdoor sports and activities. Camping, hiking, hunting, fishing, white water rafting, boating, and horseback riding are just a part of the outside action that one can enjoy in this area. However, golf is not world-renowned in this region. It is interesting that locally, golf is a growing sport that continues to improve each year. A lot of money has been spent in Sevier County alone on upgrading existing courses, as well as building new golf links. This investment in golfing has provided local residents and visitors with another attraction that brings people to the area. As the courses mature and word gets out, this money should prove to be well spent.
