The year has been positive so far for the Smoky Mountain real estate market. Looking at the market statistics through July we see continued improvement in most categories for single family homes in Sevier County with some areas showing huge gains over last year. Buyers are very active and properties are moving. Let’s see what the numbers have to tell us.
The category of Total Residences Sold shows that buyer activity remains strong with a 15% increase from 2011.
Total Dollar Volume Sold goes hand in hand with the last category and reports $5,203,117 more real estate sold than last year. We are also seeing homes in higher price ranges selling this year which will continue to push the increases in volume.
The Average Sold Price still lags behind 2011 but continues to improve every month. With the balancing of inventory occurring as distressed sales leave the market and homes in higher price ranges are selling we believe this category will continue moving towards being stabilized.
The Average Days On Market lets us know that sellers are ready to sell and buyers are ready, willing and able. From last year homes are spending 6% less time on the market and the number has shown gains from 2011 each month.
The Smoky Mountain region is a hive of real estate activity and opportunities. If you have been dreaming of owning a home near the National Park now is a great time to take a look at the inventory and find your perfect get away. Our team is ready to help you every step of the way.
Here Are A Few Of My New Listings:
|Fantastic Rental Income!! Fantastic rental income! Produced over $26,000 in rental income in both 2010 & 2011! Lots of features you want in a Smoky Mountin retreat. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $185,000 Get more information >|
|Quality Features & Mountain Views If you are looking for your own home away from home you must see this quality three bedroom. Fantastic Smoky Mountain Views, attached garage, workshop & much more. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $349,900 Get more information >|
|Great Price On A Gatlinburg Home Cute vintage chalet practically walking distance to Gatlinburg. Always used as a second home and perfectly suited for a weekend family get-away. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $89,900 Get more information >|