Homes in Gatlinburg and Across the Tennessee Smokies are Deals for Buyers

If you are considering Smoky Mountain real estate, now is a good time for buyers.  The inspiration for this week’s blog comes from the Great Smoky Mountain Association of Realtors. GSMAR provides it’s members with stats on property sales within the association’s area.  The data compares residential sales (single family, condos, townhouses, and co-ops).  This is a repeating theme that we have blogged about, but repetition is for emphasis.  We also utilize cumulative numbers (year-to-date) that are better in our opinion to compare yearly month ends.  The YTD figures even out “over-active” time periods possibly induced by government stimulus.  This can help spot market trends which generally reveal themselves over wider spans of time. 

In Total Residences Sold, 2011 lags 2010 by 85 total or 13% less (566 vs 651). 

In Total Residential Dollar Volume Sold, 2011 is $18,059,163.00 behind 2010 or 16% lower ($94,742,880 vs $112,802,043).

In the Average Residence Sold category, 2011 is only $5,885.00 less than 2010 or 3% lower ($167,390 vs $173,275).

In the data for Active Listings, 2011 trumps 2010 with 605 more or an increase of 14% (5,052 vs 4,447).

So here is a possible scenario of what may be happening.  As 2011 progresses, we are getting further away from the influence of government stimulus. The forces of a market driven economy may be revealing themselves, at least to some degree.  The large divergence of numbers in stimulus 2010 vs non-stimulus 2011 seems to be fading.  The average residence sold is only about $6,000.00 less in 2011.  The overall number of sales and dollar volume is now close to 15% less in a stimulus-free market, while active listings continue to climb.  It could be that prices have bottomed or are close to a bottom.  There is plenty of residential inventory to choose from.  For potential buyers with cash or great credit this is a great time to buy.  You can lock in a hard asset (property) that allows you to insulate yourself from some investment “volatility”. There could always be more downside even in real estate.  However, what investment allows you to enjoy one of the earth’s most beautiful areas than property in the Smokies?

Any investment requires personal research and due dilligence.  If you feel that real estate in the Tennessee Smokies provides benefits, as well as investment potential then surf our website at your convenience.  We geared everything to make your property search as easy and fun as possible.  Begin today and find your dream.

Here are a Few of My Latest Listings:

Totally Furnished w/ Screened Porch!
Full furnished with very nice decor. Covered screened hot tub deck for relaxing while enjoying the mountain view. Stone F/P in the living room and stainless steel appli in the well designed kitchen.
Type: Single Family Home
Location: Pigeon Forge
Price: $234,900
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Level Ridge Top w/ Amazing Mtn Views!
Level ridge top property with amazing mountain views to enjoy from the wall of glass in the open great room. 2 private bedroom suites, one on each level. Tongue and groove throughout. Even a community pool to enjoy on those hot days.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $219,900
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Fully Furnished Log Cabin!!
Fully furnished with beautiful decor. Soaring ceilings with lots of windows, log look with all wood inside including hardwood floors. Whirlpool tub, loft gameroom, hot tub are just a few amenties that make anyone’s stay more enjoyable.Great rental history
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $144,900
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Private Suites, Mountain View!
This home has a large level parking area for guest and great mountain view. Large bedroom suites, beautiful mtn stone F/P in the cathedral living room and recreation room with all the amenities to make your stay enjoyable.
Type: Single Family Home
Location: Chalet Village, TN
Price: $225,000