Checking the Market on Gatlinburg Homes for Sale?

Our month-end blog focuses on the current state of Smoky Mountain real estate.   These cumulative figures cover residential sales year-to-date through July 31st for 2011 vs 2010.  Our source on this data comes from the Great Smoky Mountains Association of Realtors.  Residential sales are composed of; single family homes, condos, townhomes, and co-ops.  The GSMAR numbers are helpful in choosing when to buy or sell.  They can assist in determining pricing for either side of the property sales transaction.

In the first category of Total Residences Sold, we see 2011 lagging 2010 by 96 residences.  2011 had 817 vs 913 in 2010 or 11% decrease. 

The Total Residential Dollar Volume of 2011 is lower by $20,731,912.00 or 13% less.  2011 was $134,531,002.00 compared to $155,262,914.00 in the 2010 period ending July 31st.

An Average Residential Sale in 2011 was $164,665.00 opposed to $170,058.00 in 2010.  This leaves 2010 ahead by $5,393.00 or 3% above our current year.

Our final category of comparison is in Quantity of Active Listings.  Our current year is a winner with 5,679 vs 5,135.  The margin of victory is 544 or 11%.

Throughout 2011 we have seen lower figures in a lot of categories.  It is crucial to factor in the influence of government stimulus on these numbers.  The tax credit certainly brought some buyers into the market earlier than they might have done on their own.  Our current year numbers are not radically lower than 2010.  This is good because there was no government rewards for buying in 2011.  Selection inventories are good and interest rates are not jumping up in a huge leap.  All of this makes for positive reasons to consider a home purchase. 

Check out our client-friendly web site.  You can set your own personal search criteria.  Then in your own home, at your own pace, choose the time to call the pros on the Jason White Team and seal the deal.  Begin today on your new adventure.

Here are a Few of My Current and Sold Listings:

Wonderful Family Home/Fenced Yard!!
Great family home with additional space for possible, media room, in-laws quarters, or teenage paradise. 2 car garage, fenced back yard, and close to Knoxville or Sevierville.
Type: Single Family Home
Location: Sevierville,TN
Price: $279,900
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Heirloom quality custom built two owner home in downtown Gatlinburg. Walk 5 min to many restaurants/ shops and Ober Gatlinburg Tramway. Maintance free masonry stucco so you can enjoy your vacation in the mountains. Spacious, storage, level yard, & carport
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $289,900
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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: $229,900
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