Real Estate Blossoms like Spring Flowers

On several occasions, I said that home sales and real estate track Mother Nature. When the weather is cold and inhospitable, most people stay home and leave property searches for nicer weather.  Here in the Smokies, it feels like we jumped from winter straight into summer.  Temperatures have recently soared into the 80’s, dropping back soon to more seasonal weather patterns. However, springtime has arrived in an ever-increasing splash of color.  Early bloomers are in full array and the next wave of flowers is beginning to show themselves.  Just like the forces of nature, home buyers are coming out in greater numbers as springtime brings better weather.

Our Great Smoky Mountains Association of Realtor sales data is revealing this trend.  Number of residences sold is up 15% over the same period last year.

Dollar volume sold is off 6% from last year, or down $1,293,479.00.

The average price per residence sold is $173,547.00, and is lower than last year by 18% or $38,398.

The quantity of active listings is up 15% over last year, with a total of $3,854 listings.

From my perspective, this data shows that the tax stimulus for new homebuyers is working.  New homebuyers and discounted foreclosures are still a dominant aspect of today’s real estate market.  It will be interesting to see if the housing market keeps up this momentum as the tax incentives drop off at the end of April in 2010.  However, there are still favorable conditions in today’s real estate market for both buyers and sellers.  Qualified buyers can still obtain historically low mortgage interest rates for financing. 

Today’s online property searches make it easy to prescreen with your personal search criteria, so you save time and money in viewing property to buy. Here at the Jason White Team, we cater to your needs.  Our website is designed for our clients’ ease in finding their property. We back all our web technology with years of personal realtor; professionalism, expertise, and knowledge of the area.  Contact us today to get started finding your dream property.

Here are a Couple of My Latest Listings:

2.42 Acre Rocky Creek Frontage!
Level building site with beautiful rocky creek frontage. Only 1.5 miles to downtown Gatlinburg and southern exposure!
Type: Land
Location: Gatlinburg ,Tennessee
Price: $150,000
Get more information >
Fantastic Mountain Views and Private!
The private location and awesome mountain views make this home a winner. It is on a level lot with level parking and side yard, 3 mi to Gatlinburg so close to everything, open floor plan with 4 master suites which is always desirable for privacy and space
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $419,900
Get more information >