Smoky Mountain Homes Are Moving Fast In 2012

Posted by Gatlin on

We are still experiencing some glitches with the Great Smoky Mountains Association of REALTORS statistical reporting however some data is available. This week we would like to take a look at how 2012 is shaping up so far for the Smoky Mountain real estate market. The numbers below are for Sevier County single family residences and show a positive trend in a few key areas over last year.

In our first category of Residences Sold Through April we see good news with a total of 58 more homes sold in 2012.

As we take a look at the Total Volume Sold through April we see the numbers very close to 2011 with only a 3% decrease.

The category of Average Sold Price is also down from last year. This is still encouraging news as we see that in April almost half of the properties sold were foreclosures being liquidated. It is positive to see banks taking the needed steps to get distressed properties sold and off the market. As this continues to happen at a rapid pace we will start to see prices leveling out again.

In the last category, Average Days On Market, we again see a positive trend over last year with 30 less days this year than in 2011.

May continues to be busy in 2012 with a flurry of buyer activity in the area. Now is the time to take advantage of some of the great deals that are still to be had. Whether you are looking for an investment, vacation home or even land to build on, plenty of opportunities are available. Take a look at our to browse all that the region has to offer.

Here Are A Few Of My Featured Smoky Mountain Deals:

Come Home To A Resort Setting Just one mile from Ober Gatlinburg is where you will find this super affordable condo. Nestled in a resort like community you will enjoy all of the best amenities the Smoky Mountain area has to offer. Type: Condo Location: Gatlinburg ,Tennessee Price: $75,000 Get more information >

 

180 Degree Mountain & City Light Views $14,300 rental income in 2010 with 2011 already ahead at $14,500 through October. Very private ridgetop retreat w/ wraparound covered deck that has amazing 180 degree views of the mountains & city lights. Type: Single Family Home Location: Price: $189,900 Get more information >

 

Beautiful Ridge Top Property! Great Deal Beautiful ridge top property with level building site. Clear a few trees to have a wonderful mountain view. Driveway to the top of the ridge. VERY MOTIVATED SELLERS! Type: Land Location: Gatlinburg, Tennessee Price: $33,000 Get more information >

 

A Step Back In Time At Smoky Mountain Tunes & Tales

Posted by Gatlin on

Gatlinburg’s seventh annual begins on June 15th and goes on through August 11th. This summer long event features musical performances, storytelling and artisans portraying characters from the 1800’s forward. It is an interactive event that is educational and fun for the whole family. As you walk through downtown Gatlinburg after 6:00 PM you will be drawn in to as many as 12 nightly acts along the streets of Gatlinburg.

Enjoy many acts including clogging groups that will perform seven nights a week for the duration of the event. Musical performances will include the older Appalachian sounds of acts like Rattlesnake Holler & the Whiskey Bent Valley Boys to traditional bluegrass of Flicker Tail Holler and the Holloway Sisters.

You will be able to take advantage of educational opportunities such as how mountain and lap dulcimers and gourd banjos are made by local craftsmen like Denton Bragg and Mark Edelman. You can even learn a few fun moves and steps from the Back Porch Cloggers. Appalachian characters like Miss Nan and Quiltin’ Annie also teach the young and old about their old-time Smoky Mountain ways. After enjoying music and learning about a few Smoky Mountain trades, you can settle in and enjoy stories of the Great Smoky Mountains from characters like Ol’ Rowdy and Whitlin’ Joe.

Gatlinburg is truly a unique mountain town rich with Appalachian history and unique events. Special Events Manager, George Hawkins, said of Smoky Mountain Tunes & Tales, “Our intent is to take what we feel is one of Gatlinburg’s greatest assets – the walkability of the community – and provide something that is fun and somewhat different than what most places are doing.”

With these types of events throughout the year in a unique town like Gatlinburg it is no wonder that this is such a top vacation destination. Gatlinburg is not only a great place to visit but also a unique and charming place to live sitting against the wonders of the Great Smoky Mountains National Park. The , there is plenty of inventory to choose from and we believe Gatlinburg is a great choice of locations to consider for purchasing a second home or investment. You can see the wide variety of choices the area has to offer by visiting our and browsing available homes for sale. It is a great time to plan a visit, enjoy an evening stroll through Gatlinburg to enjoy the performances of Smoky Mountain Tunes & Tales and schedule a time to visit a few homes in the mountains.

Here Are A Few Of My Featured Listings:

View City Lights Against The Mountains Absolutely amazing views of downtown Gatlinburg and the Great Smoky Mountains National Park. Incredible close up night lights view, you can actually see people on the sidewalks with a dramatic mountain backdrop. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $359,900 Get more information >

 

Close Up City & Mountain Views Over $40,000 rental income for 2010 & 2011! This is designed to be a year around home or an income producing rental. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $459,900 Get more information >

 

Your Key To Prestigious Riversong Own this lot in a premium neighborhood for 25 cents on the dollar! Over an acre with Mountain Views, river access and more! Type: Land Location: Pittman Center Price: $15,000 Get more information >

 

You’re Pre-Approved To Purchase A Home:What Happens Next?

Posted by Gatlin on

In a previous we went in-depth about pre-approval, what it is, how to get it and why it is a very important first step to buying a home. So you have gathered your financial documents, talked with a and have your pre-approval in hand, now what? Let’s talk a little bit about a few things you can do to prepare further for your home purchase and a few things you can expect along the way.

We believe that with a large amount of inventory to choose from in the Smoky Mountain region it is important for you to start by making a list of your needs/wants in your future home. This list should include number of bedrooms, location, type of view and any other items that are important to you. Will the home be a second home or investment? If so will you be using it as a vacation rental? This will play a factor when your agent is helping you to locate a home and needs to help you analyze rental income history of prospective property.

Once you have narrowed down your criteria let us know the most important characteristics your future home needs to have. This will assist us in setting you up to automatically receive listings that may be of interest, letting you know as soon as we come across a home that may fit the bill and also in preparing for your first meeting to view homes.

When the time is right we will make an appointment to view property. You will want to bring along the list you have created as well as a notepad or electronic device to use for jotting down notes about homes you see. This will come in handy at the end of the day when houses seem to be blending together. You will know when you step in to the perfect home. When this happens be prepared to write an offer. The Smoky Mountain market is moving pretty steadily with a large number of buyers in the market. Remember, if you are rating a house at an 8, 9 or 10 someone else probably will too. This is where your pre-approval letter comes in to play because:

*Being pre-approved may expedite the acceptance of your offer to purchase. Many sellers will not respond to an offer to purchase without a pre-approval letter. In the meantime, they can continue to consider other offers.  

 *You will be in a much better negotiating position with a pre-approval in hand especially in the case of multiple offers on the same property.

Once you have identified that perfect Smoky Mountain home and are ready to make an offer we will assist you in preparing the offer by providing current market data to detail what the pricing trend for similar homes is indicating, thoroughly going through the required documents for your offer then preparing it and presenting it to the seller’s agent to begin your negotiations.

With a little bit of preparation and the guidance of our dedicated real estate team the journey from pre-approval to accepted offer will be much easier to navigate. As you are working on your list take a look at our and get a feel for all that the Great Smoky Mountains have to offer.

Here are a few of my featured properties:

Wears Valley Dream Come True You’ll notice the unusually high quality construction from the moment you pull in the driveway. Type: Single Family Home Location: Pigeon Forge Price: $597,000 Get more information >

 

Unbelievable Price On A Mountain Home Opportunity knocks with this can’t be beat price on a Smoky Mountain home. Just minutes from Ober Gatlinburg & tucked away on a wooded lot with level parking. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $129,900 Get more information >

 

Pigeon River Right Outside Your Door! This remodeled riverfront home is a sure to please. With the calming sounds of the Pigeon River right outside your door this completely remodeled home complete with sauna and hot tub are sure to take the stress away! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $289,900 Get more information >

 

High Above Gatlinburg: What Makes Chalet Village A Premiere Mountain Community?

Posted by Gatlin on

Last week we talked about my experience on  with the annual helicopter supply drop and ended with a note about being able to see Chalet Village from that high vantage point. Today I would like to explore more facts about Chalet Village and why I think it is a great place to consider for your mountain home purchase.  One of the great advantages is being able to have a view like the one you see pictured above, but let’s take a closer look at this beautiful community above Gatlinburg.

Easily accessible from four major roadways on Ski Mountain in Gatlinburg, Tennessee is the mountain resort community of Chalet Village. Residents are close to countless opportunities available at Ober Gatlinburg Mountain Ski Resort, Ripley’s Aquarium, Dollywood, Outlet Mall shopping, Splash Country, numerous restaurants and other attractions. Many recreational options are also available at the Great Smoky Mountains National Park, which lies adjacent to Chalet Village. It is not unusual to see people hiking, biking, rafting, fishing or enjoying any number of other activities. Chalet Village is in the center of all the fun of the eastern Tennessee mountains.

Chalet Village offers homeowners exclusive resort communities that are great for second homes, investment properties for rentals, or full-time residency. Homebuyers in Chalet Village can find older single family homes, chalets, condos or breathtaking new and luxurious log cabin homes. If you are wishing to build a custom home, lots and land are readily available and provide breathtaking views of the mountains surrounding Chalet Village.

The prestigious Chalet Village, with around 2,000 residential/rental lots, is the last community before entering the Great Smoky Mountains National Park. Not only do residents enjoy breathtaking views of mountain peaks, but also spectacular views of Gatlinburg and the ski slopes at Ober Gatlinburg Mountain Ski Resort, which is located in the village. A route of the Gatlinburg Mass Transit runs over Chalet Village and makes stops within the national park.

Despite its close proximity to Gatlinburg, the community is nestled and secluded in the never-ending mass of forests for the ultimate in privacy and peacefulness. Three main sections make up Chalet Village, and these neighborhoods offer the best amenities including tennis courts, swimming pools and playgrounds. The main subdivisions of the Chalet Village area adjacent to Gatlinburg are Alpendorf, Chalet Village North and Tryolea.

Residents of Chalet Village are served by the Sevier County School System. For residents of all ages, The Arrowmont School of Arts and Crafts, established in 1945, is world-renowned for arts and crafts instruction. It is located within minutes of this charming mountain hideaway.

Set in a serene and quiet environment, yet surrounded by big city amenities and recreation, Chalet Village offers the finest choices in mountain living amidst the blue mist of the Great Smoky Mountains range. Our office is also located here in Chalet Village, give us a call anytime to explore the neighborhood and all it has to offer. With many Chalet Village homes available, you can visit our website to .

Here Are A Few More Featured Chalet Village Listings:

 

Views Of The Highest Mountain Peaks
Over $24,193 rental income for 2010 & $9,956 for only 5 months of 2011! At the very top of Gatlinburg at around 3200ft in elevation sits this gem of a cabin along the boundary line of the Great Smoky Mountains National Park.
Type: Single Family Home
Location: Chalet Village
Price: $399,900
Get more information >

 

Wide Open Spaces
Dances With Bears is a spacious chalet with soaring ceilings and an open floor plan.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >

 

Everything You Are Looking For
You will find all the features you are looking for right here in Creekside Serenade. Make this one your personal mountain retreat or your personal income producer. Consistent rental income & tons of amenities!
Type: Single Family Home
Location: Chalet Village
Price: $205,000
Get more information >

 

 

Are Short Sales The Best Way to Get A Great Deal On Smoky Mountain Real Estate?

Posted by Gatlin on

As we have all watched the national housing market work through difficult times in the last few years many have realized it to be a good time to buy. With mortgage rates at all time lows and a wide variety of inventory we agree that it is a great time to consider purchasing. There has been a lot of buzz that purchasing a short sale home is the best avenue for getting a deal. Although it is possible to get a great deal on a short sale, we believe there are numerous other avenues to finding a great home at a great price. Let’s explore some common questions and answers about short sales.

What is a short sale? A short sale occurs when the current owner of a home is negotiating with their current lender to accept less than the full amount of what is owed on their mortgage as a payoff. This gives homeowners the opportunity to put their home on the market at prices that may be lower than when they purchased and helps them to avoid a foreclosure if they are having trouble making their monthly mortgage payments.

Are short sales deeply discounted? Not in most cases. When a homeowner begins the process of negotiating a short sale with their lender the first thing they are usually told is get an offer to purchase and then we will negotiate. Often, homes will be put on the market at a lowered price to encourage offers with a disclaimer that the final price will have to be approved by the seller’s lender. Once there is an offer on the table the bank will usually request a comparative market analysis from two different agents to determine the current fair market value of the property. Most agents do price short sales at the current market value but this is not always the case. Though the seller is selling for less than they owe on the property the banks still look for offers that reflect the current value.

How long does it take for the bank to respond to an offer? This is the question with no true answer. Once you submit an offer the wait time for a response can range from thirty days to several months. There are many factors that go in to their decision-making process. They will require a large amount of financial information from the seller, the above mentioned comparative market analysis from an agent and sometimes an appraisal just to begin the approval. As they move forward other things may come in to play, such as a second mortgage or past due property taxes that will also have to be negotiated.

Will the bank or seller make repairs to the property? Not usually. In a short sale situation the bank does not own the property and cannot make repairs. Most homeowners in this situation do not have additional funds available to make repairs. In most cases a short sale property will be sold as is. We always recommend a home inspection by a qualified home inspector prior to purchase.

We still find that there are a wide variety of homes on the market that can be purchased at a great price whether they be short sales, foreclosures or  traditional listings. Sevier County Tennessee has held a reasonably stable market through 2011 and moving in to 2012. There are a lot of properties to choose from and homes are moving. In an active market with low mortgage rates available it will be easy to find your Smoky Mountain home or investment property. Take a look at our  to see all that is available in the Sevier County real estate market.

Have other questions about short sales? I am a Certified Short Sale Specialist and would love to hear from you! Call, email or post your questions on our Facebook page.

Here are a few of my featured listings:

Mountain Chalet With A View Over $20,000 rental income in 2010 & 2011! Nice spacious chalet with fantastic Mt. Leconte views. Type: Single Family Home Location: Chalet Village Price: $139,900 Get more information >

 

Hot Buy On Authentic Log Cabin Over $30,000 in rental income for both 2010 & 2011!! Soaring ceilings and three walls of glass create a dramatic feel and bring the expansive views into the living space of this modern day cabin. Type: Single Family Home Location: Pigeon Forge Price: $149,900 Get more information >

 

Wide Open Spaces Dances With Bears is a spacious chalet with soaring ceilings and an open floor plan. Type: Single Family Home Location: Chalet Village Price: $179,900 Get more information

 

February Ushers In Beautiful Weather & An Active Smoky Mountain Market

Posted by Gatlin on

As we move out of February into March we are seeing amazing spring weather with temps in the 60’s and above. February’s real estate market in The Great Smoky Mountains also closed out with some positive activity and movement signaling good things to come for home buyers & sellers along with the spring weather. Let’s take a look at what the numbers have to say.

In the first category of Total Residences Sold, we see an increase from last year of 9% with 186 homes sold.

In the category of Total Residential Volume Sold, we have a slight decrease of 10%. We believe this relates to the number of lower priced foreclosures the banks are still working to liquidate from the market.

Relating to the previous category, the Average Sales Price also shows a small decrease of 17%. As more of the lower priced properties are closed and off the market we will begin to see these numbers move closer to positive.

In the last category of Number Of Active Listings we show an increase of 330 homes available on the market over last year.

With signs of spring all around and plenty of deals still available on Smoky Mountain homes, this is a great time to plan a visit and start searching for your Smoky Mountain dream. There are almost 3,000 homes to choose from making it easy to find the Smoky Mountain cabin, chalet or other residence that is perfect for you. Begin at our   to view all of the Sevier County, TN homes available.

Here are a few of my featured listings:

Your Smoky Mountain Dream
Smoky Mountain dream cabin for a great price. Wrap around covered decks w/vaulted ceilings and exposed beams. Level yard, patio, spacious rooms and walking distance to Arts & Crafts shops.
Type: Single Family Home
Location:
Price: $239,900
Get more information >

 

High on a Ridge outside of Gatlinburg
Log cabin high on a ridge with spectacular views of the Smokies. Excellent location- only 5 mins to Gatlinburg or Pigeon Forge. Cozy log construction.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $129,900
Get more information >

 

Fantastic Rental Income & Mtn View!
Almost $37K rental income for only 8 months of 2011! Furnished rental with fantastic Mt LeConte view. Lots of decks w/hot tub to enjoy the view. Bedroom suites w/rec room and kitchenette for entertaining. Lots of room for large groups. Sleeps 18.
Type: Single Family Home
Location: Sevierville,TN
Price: $399,900
Get more information >

 

What Makes The Great Smoky Mountains A Top Destination?

Posted by Gatlin on

Last week, we touched briefly on the recent that named Pigeon Forge #4 on its list of the top 15 United States vacation destinations “on the rise for 2012”.  Now we would like to explore some of the reasons the area could be named such a great destination and what this means to you in terms of a possible real estate purchase in The Great Smoky Mountains.

Trip Advisor attributed close proximity to the Great Smoky Mountains National Park, outdoor activities and other attraction options like Dollywood as a few of the advantages of Pigeon Forge. If we dig deeper into the area we will find a few other things that bring many people back to the area time and again.

First, Gatlinburg and Pigeon Forge boast America’s largest collection of independent artisans. Gatlinburg is the home of School of Arts & Crafts and the 8 mile loop known as The Arts & Crafts Trail.  Established in 1937 the Arts & Crafts Trail has been designated as part of the Tennessee Heritage Trail. Many events throughout the year, such as the twice a year Gatlinburg Craftsmen’s Fair, are centered around Smoky Mountain arts & crafts and attract many visitors, shoppers & craftsmen to the area.

Next, two-thirds of America is within a one day drive. With rising travel costs, the Smoky Mountains are an easy trip for a large portion of travelers to make.

The third point we would like to touch on is the wide variety of activities available. There is literally something for all ages, interests and budgets. Entrance to the Great Smoky Mountains National Park is free. You can spend time hiking, viewing wildlife, camping and much more within the park. Both Pigeon Forge and Gatlinburg boast numerous opportunities for shopping with outlet malls and smaller shops showcasing mountain heritage items. There are a wide variety of dinner shows, haunted houses, go-kart tracks and other family friendly attractions. Throughout the year you will find numerous special events going on, such as The Grand Rod Run car show, Wilderness Wildlife Week, Appalachian Quiltfest and many more.

The area has millions of visitors each year and many come to the area looking for a true mountain experience in a Smoky Mountain cabin. We feel that all of this combined with low property taxes & affordable home prices make this a top area to consider for a real estate investment. 

Our team is experienced in all aspects of purchasing a vacation rental home. We will be there from the very first steps of your search through helping you find the right rental management company. You can take a look at some of the great opportunities available at our . When the time is right we are ready to assist in any way we can. Give us a call and start  learning what America’s #4 destination has to offer.

Here are a few of my featured properties:

 

Mount Leconte Views
Beautiful mountain home with view, wrap around decks, updates throughout including kitchen, new appliances, quartz counter tops and glass tile back splash. Great for permanent residence or rental.
Type: Single Family Home
Location: Chalet Village
Price: $243,900
Get more information >

 

High on a Ridge outside of Gatlinburg
Log cabin high on a ridge with spectacular views of the Smokies. Excellent location- only 5 mins to Gatlinburg or Pigeon Forge. Cozy log construction.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $129,900
Get more information >

 

Nature & Beautiful Mountain View
Plenty of community amenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

 

The Smoky Mountain Real Estate Market Is Active

Posted by Gatlin on

As we take a look at our month end statistics for Smoky Mountain real estate we continue to see a reasonably active and healthy market. Using data published by The Great Smoky Mountains Association of Realtors let’s explore how things are looking as we move towards year-end.  The GSMAR data we use is year to date and it compares this year to the same timeframe for last year. Though come select areas are still outperforming last year, we will look at the overall view of the entire residential market in this area through November.

In the category of Total Residences Sold, this year is down from 2010 by only 69 residences sold or 5% less.

Total Residential Dollar Volume Sold was also lower in 2011 with $225,111,411 or 9% less than the same period in 2010.

The average 2011 residential sale is still not far off from the 2010 average at  5% or $7,577 lower.

In the last category of Active Listings, 2011 shows plenty of inventory available with 6,870 homes available. This is a 10% increase over the same period in 2010 with 641 more homes on the market.

The real estate market in The Great Smoky Mountains is active. With plenty of Smoky Mountain homes to choose from and mortgage rates still very low, it could be the perfect time to start shopping. Contact your lender to see what kind of great rates are available, visit our website to look at the variety of homes available, then contact our team of professionals to take care of the rest!

Here are a few of my featured homes:

 

Functional Work Of Art W/Stunning Views
Once you see this functional work of art that doubles as a spacious home you’ll never want to leave.
Type: Single Family Home
Location: Chalet Village
Price: $950,000
Get more information >

 

New Construction Full Of Style
Newly built this one is full of style & character. Native stone accents outside with a great exterior color combination. Hand made kitchen cabinets andbathroom vanities crafted from super rare wormy chestnut.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $159,900
Get more information >

 

Handcrafted Custom Home W/Views!
$35,999.58 Rental Income from June 2011 forward. This custom home overlooks the golf course and has amazing mountain views. All the custom features you are looking for are found right here.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $1,500,000
Get more information >

 

Are Homes In Gatlinburg Currently An Unbelievable Buy?

Posted by Gatlin on

Mountain homes across the East Tennessee Smokies have been attractive investments for many years. A recent article through the National Association of Realtors cites some evidence that the U.S. housing market could recover in 2012. Everyone knows that 2011 was a tough year for our country’s housing market. The market has been struggling to find a bottom and build some momentum for most of this year. However, there are forces building that will eventually propel sales and improve prices. NAR Chief Economist Lawrence Yun thinks 2012 will show improvement. Currently the Chief Economist feels restrictive mortgage credit conditions are keeping home sales low. In addition, confidence among consumers has been uncertain. These major factors are holding the market back. When new jobs begin to increase an escalating buyer confidence will emerge. Demand will be driven by the increase in human population growth.

If we see the economic improvements in 2012 inventories of homes should decline aided by weak new home construction. The decline in home inventory would stabilize prices and perhaps drive them higher. Mortgage interest rates are also currently projected to move up in 2012.

None of the 2012 improvements are guaranteed to occur. However, our year-end market in 2011 has good factors for home buyers. First, prices are well off of their highs and the inventory of properties for sale is abundant. Second, for qualified buyers, mortgage interest rates are close to historical lows. In addition, many foreclosures and other distressed properties are forcing prices down. When market forces change and buyer confidence rises, demand will lower inventory and prices will rise. If real estate is in your plans go on our website and begin your search at home. When you narrow your possible residences to purchase, call and set up an appointment with our team of professionals. Everything we do is geared to find you the Smoky Mountain home of your dreams. Call today!

Here are a few of my featured listings:

 

Wonderful Family Home/Fenced Yard!!
Great family home with additional space for possible, media room, in-laws quarters, or teenage paradise. 2 car garage, fenced back yard, and close to Knoxville or Sevierville.
Type: Single Family Home
Location: Sevierville,TN
Price: $269,900
Get more information >
Mountain Streams/View/Private Home
Fantastic creekside location on 1.84 acres in beautiful Pittman Center. Enjoy the ridge top views and private mountain stream from this log cabin. If privacy is what you want this is it. Even a level driveway and easy parking. Comm swimming pool access.
Type: Single Family Home
Location: Pittman Center
Price: $299,900
Get more information >
Sky Walk To Balcony & Mountain Views
Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views.
Type: Single Family Home
Location: Chalet Village
Price: $229,900
Get more information >

 

Homes For Sale In Gatlinburg & Other Select Areas Are Selling

Posted by Gatlin on

 

Our month end look at Smoky Mountain homes continues to reveal areas of strength. We work to give our blog readers helpful material. The Great Smoky Mountains Association of Realtors published their month totals of residential sales through the end of October 2011. The GSMAR data we use is year to date and it compares this year to the same timeframe for last year. As we mentioned in earlier blogs, some areas in GSMAR are outperforming last year by significant margins. Given our current national property market this is great news.

 In the category of Total Residences Sold, this year lags 2010 (1,343) by 114 residences sold or 8% lower in 2011.

Total Residential Dollar Volume Sold was also lower in 2011. 2010 had $224,584,192 or 11% more.

The average 2011 residential sale was close to the 2010 average at  3% or $4,996 lower.

In the last category of Active Listings, 2011 leads 2010 by 572. This 9% gain over 2010 leaves 2011 with 6,628 active listings.

Our local market within GSMAR is reasonably healthy. The change from last year is 11% or less in most categories. This could be a great time for some of our blog readers to pick up some great property. Sale inventory is up and mortgage rates are still very low. Kick things around and begin looking online. You can shop discreetly from your own home. Our team of professionals is ready to assist in many ways to help secure your dream property. Call us today to get started.

Here are a few of my featured listings:

 

Active Location for Office/Residential!
Great, busy location ideal for commercial office site. Has a separate entrance for lower level so could be used for two businesses or in-law quarters if used for residential.
Type: Office
Location: Sevierville,TN
Price: $329,900
Get more information >

 

Fantastic Rental Property/Mtn View
Fantastic rental income in 2010- $94,303!! Outstanding view of Mt LeConte in Smokies, with 5 master suites, media room, close to Gatlinburg, ski resort and National Park! Fully furnished!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $699,900
Get more information >

 

WHAT A BARGAIN! JUST REDUCED AGAIN!!!
Formal, custom built home on a very nice and private corner lot in beautiful neighborhood of Belle Meadows. Close to hospital and all the amenities that Sevierville has to offer.
Type: Single Family Home
Location: Sevierville,TN
Price: $269,900
Get more information >