It’s time to take our monthly look at the Smoky Mountain area real estate statistics. Following the trend we have witnessed in previous months the market is still showing good news. Once we take a look at our usual categories for 2012 we would also like to discuss changes in the year to date 2012 vs. 2011 statistics compared to the 2011 vs. 2010 trends. There we will find signs of improvement as well.

In our first category of Total Residences Sold Through October we stick with the same upward swing we saw in September with an 18% increase over the same period in 2011.

The Total Dollar Volume Sold reflects the above numbers with a 9% increase from last year. That equates to almost a fifteen million dollar increase in volume sold.

The Average Sold Price is down 8% but still shows a 1% increase from September. We have watched this category work its way towards positive numbers throughout the year.

The time homes for sale spend on the market also continues to improve with a 3% drop from the same period last year.

The market continues to improve and we feel the following data is also important to share:

*2012 vs. 2011 total volume is up 9% compared to 2011 vs. 2010 being down 11%

*2012 vs. 2011 number of homes sold is up 18% compared to 2011 vs. 2010 being down 8%

*We started 2012 with 13% more inventory than the previous year and through October there are only 4% more homes available on the market than the same period in 2011.

We expect the numbers to continue the upward swing and feel now is the time to start looking for your Smoky Mountain home. Inventory is decreasing and homes are spending less time on the market. As this continues prices will also continue to improve. Take a look at our website to create a personalized search for your next purchase.

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Log Home On Over 3 Acres Charming farmstead Appalachian style log home on over 3 beautiful wooded acres of idyllic Smoky Mountain countryside. Enjoy ridge views along with lots of hardwoods, rhododendron, mountain laurel, hemlock and dogwoods throughout the four seasons. Type: Single Family Home Location: Pittman Center Price: $159,900 Get more information >

 

Money To Be Made!!! Income potential with consistent rental history. $25,737 in 2009, $26,127 in 2010 & $20,352 in 2011. Don’t miss out on all these features! Type: Single Family Home Location: Chalet Village Price: $169,900 Get more information >

 

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