Smokies’ Real Estate Rebounds Rather Nicely in April

As we approach late spring and head towards summer, real estate in Tennessee’s Great Smoky Mountains is picking up momentum in home sales.  April’s residential figures have been compiled, and the data looks very encouraging.  The Great Smoky Mountains Association of Realtors reported that total residences sold are up 20%.  This April there were 133 residences sold, or 22 more than April of 2009. 

Dollar volume sold in April 2010 is 8% higher over the previous year, with a total of $22,528,707.  The increase in total dollar volume sold was $1,751,237. 

The influence of first time homebuyers, combined with an influx of discounted foreclosures is continuing to be a dominant force in today’s property market.  These factors have forced the “average price per residence sold” to be less in April 2010 than in April 2009.  The average price per residence sold in April 2010 was $169,389.  This figure was $17,795 less (10% lower) than April 09′.

The number of residences actively listed for sale is up 17% with April 2010 leading last year by 569 units for a total of active listings at 3,953.

All of this data, factored with today’s market conditions, could indicate that currently Smokies’ real estate might be a good investment.  Qualified buyers can find great low interest rates on home mortgages. There is a great variety of property currently for sale.  Today’s investment market in the global stock and bond arena is volatile to the point of becoming dangerous.  This was evidenced by last week’s stock market meltdown, leading into this week’s rebound.  Owning property in a beautiful, desirable part of the country might be a good place for some of your hard-earned money.  Check out our website, or call us at 877-678-2121 today,  to get started owning your personal piece of Tennessee Smokies’ real estate.

Here are a Couple of My Current Listings:

Mt LeConte Views from Gatlinburg Home!!
Custom built,many hand crafted features,gourmet kitchen with Brazilian granite counter tops,plus huge master bedroom on the main level. Even a separate living quarter on lower level.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $598,700
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Unparallelled View of Great Smokies!!
Contemporary home with many interior updates and incredible view of ski slopes at Ober Gatlinburg and Great Smoky Mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $239,900

Call me today at the Jason White Team to view any of these listings! 877-678-2121