February Real Estate Comparison Report for Smoky Mountain Homes

Monthly year-to-year comparisons can be useful in evaluating the value in a Gatlinburg home or other East Tennessee property.  These statistical reviews can offer insights into trends and potential future direction.  For this reason, we like to offer our readers a look at data compiled by the Great Smoky Mountains Association of Realtors.  Before we get into this material, it is important for new readers to view the data with several facts in mind.  First, this data is not entirely the work of free market action.  Early last year, we had  heavy real estate activity stimulated by serious government tax incentives.  So when you compare early 2010 to early 2011 keep this in mind.

In Total Residences Sold, 2011 has 68 sold, while 2010 had 124 sold.  The difference is 56 less for our current year or 45% lower.

In Dollar Volume Sold, 2011 has $11,009,476.00, while 2010 had $23,345,043.00. 2011 was 53% less ($12,335,567.00 lower in volume).

In Average Price Per Residence Sold, 2011’s average is $161,904.00, while 2010’s average is $188,266.00. The current year is $26,362.00 lower or 14% less than 2010.

In the category of Active Listings 2011 has 3,304 listings, while 2010 had 3,004 listings. Currently we have 305 more listings for an increase of 10%.

Comparing these two years is tough because the government intervention has biased the data.  However, some items are still true.  Residences are still selling, listings are up, and the lower end of the market appears more active.

Here at the Jason White Team, we work with real estate buyers and sellers.  Our website has tips for both parties.  We like to prepare our clients as best we can for the current market conditions.  Be sure to log on today and see how we earn our position as an industry leader in property sales for the Tennessee Smokies.

Here are a Few of My New and Current Listings:

Awesome Views and Beautifully Decorated!
Wow!! The Mountain Views! This cabin is loaded with decks so you can enjoy the beautiful scenery. Fully furnished with den/media room, plus recreation room for entertaining. Sit by the fire on a cool evening. This is a must see!
Type: Single Family Home
Location: Pigeon Forge
Price: $229,900
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: $289,900
Get more information >
Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lake front setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $795,000
Get more information >