Great News for Gatlinburg Real Estate!

Posted by Gatlin on
Cabin in the Smokies

 All areas of Smoky Mountain real estate are beneficially impacted by the source for this week’s blog.  The Wall Street Journal ran an article on January 10th, 2011 that caught my attention.  This story was titled “Market for Vacation Homes is on the Rise”.  The journalist explained that in 2010, popular vacation destinations across our nation experienced a surge of buying activity unseen since real estate peaked in 2006.  The target areas for this article focused primarily on popular ocean front locations.  Cape Cod, MA saw a  9% increase, Hilton Head, SC, increased 13.6%, Mercer Island, WA, jumped 181.8%, and Palm Beach, FL, was up 39.3% in 2010.  Usually the vacation home market is not split out from other home sales.  Even with federal stimulus, 2010 was not a stellar year overall, for real estate.  However, this data reveals that the vacation home market may be outperforming everything else.  With results buried in the general home market, it is easy to see how this got overlooked. 

National Association of Realtors’ Chief Economist, Lawrence Yun feels that the U.S. economy improved enough last year, to have wealthier families begin buying second homes.  Properties in these affluent areas are off their highs, and they offer an attractive investment option in these times of economic uncertainty.  Despite their low percentage of the overall home market, vacation homes are often high dollar.  In today’s market, this vacation home surge is good news.  However, both buyers and sellers must exercise caution.  Pricing is critical and must be evaluated to attract buyers.  Financing for buyers has been a challenge.  Big down payments and clean credit is key, or go to a cash purchase. 

While our Tennessee Smokies may not be Palm Beach, we remain a popular vacation destination for much of the nation.  The scenic beauty, central location, and multitude of man-made attractions make us a tourist magnet.  If you are interested in our area for any type of property, go on our website, or contact us directly at 877-678-2121.  We can match you up with any real estate investment that you desire. 

Here are a Few of My Current Listings: 

Fantastic Mountain View & One Level!
Want one level living and great mountain views? This home is for you! Private, level ground with yard and southern exposure not to mention the shady covered front porch and sunny open deck with hot tub.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $179,900
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: $299,900
Get more information >
Heritage Log Home w/ Views of Mt LeConte
This beautifully built Heritage log home in prestigious Chalet Village has great views of Mt. LeConte. Private yet close to downtown shopping and dining. Three master suites for privacy and on a open lot with level parking.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $349,900
Get more information >

November 2010 Update on Sales of Homes in Gatlinburg and the East Tennessee Smokies

Posted by Gatlin on

Downtown Gatlinburg all dressed up for the Holidays

Smoky Mountain real estate typically slows down as people begin their cold weather, winter hibernation.  Much of the population’s buying focus, shifts into year-end gift purchases.  Previous blogs have explored the awesome savings that careful “Black Friday” style property purchases can yield.  The November 2010 data reinforces the opportunities available in today’s East Tennessee real estate market.  However, let’s explore the figures and then draw your own conclusions. 

The following material is available to members of the Great Smoky Mountains Association of Realtors.  My bias is to compare year-to-date figures from the previous year with year-to-date numbers of the current year.  This can reveal some present market trends.

Total Residence Sold  through November 30, 2010-  120 sold vs. through November 30, 2009-  139 sold. 2010 less 19 than 2009. Down -14%.

Residential Dollar Volume Sold through November 30, 2010-  $21,105,121.00 vs. Through November 30, 2009-  $22,929,426.00.  Summary: 2010: $1,824,305.00 less or down -8%.

 

Average Sale Price through November 30, 2010-  $175,876.00 vs. through November 30, 2009-  $164,960.00.  Summary 2010: Increase $10,916.00 or up +7%.

Quantity of Active Listings through November 30, 2010-  3,755 listings vs. through November 30, 2009-  3,295 listings.  Summary 2010: Increase of 460 listings or up +14%.

As my blog readers are advised, today’s real estate markets are anything, but  free market.  Current markets are still seeking equilibrium after massive government intervention.  The homebuyer tax credits skewed data toward the low-end, first-time buyer. What savy real estate buyers know, is the following facts.  Today’s market favors qualified buyers.  Active listings are up, so there is a great selection of properties.  Mortgage interest rates are still quite low to finance.  Prices are off their highs,and there is market price competition from discounted real estate like; foreclosures and short sales.  All of these factors stack the deck in favor of today’s real estate buyer.  If you want the year-end gift that provides a multitude of dividends, go online and start your Smokies property search today.  Our website and our people are geared to provide the results you seek.

Here are a Few of My Current Listings:

Fantastic Views With Great Rental Income
This unique one of a kind home is totally updated and is in excellent condition. The fantastic mountain view is enjoyed on the covered or sun decks. The level parking is an absolute bonus!
Type: Single Family Home
Location: Cobbly Nob
Price: $289,900
Get more information >
Spacious- Great For Entertaining!
Spacious with extraordinarily large deck to enjoy the beautiful mountain view. Fully furnished with tasteful furnishings and just around the corner from the Chalet Village Club House to enjoy swimming and tennis.
Type: Single Family Home
Location: Chalet Village
Price: $199,900
Get more information >
Great View Of Great Smoky Mountains
Live in the prestigious community of Riversong. With the Little Pigeon River close by to enjoy fishing and swimming. This private 1.26 acre property is a must see with wonderful mountain views and just around the corner from the Great Smoky Mountains.
Type: Single Family Home
Location: Pittman Center
Price: $359,900
Get more information >

Your Dream Property May Currently Be in Gatlinburg For Sale

Posted by Gatlin on
East Tennessee Smoky Mountain real estate is a desirable investment for many people.  The variety of properties make this a real cornucopia, with options available to suit just about everyone.  Buyers can choose from; primary residences, secondary/vacation homes, or income properties with various rental income options.  When you combine this blend of real estate, add in the beauty and scenic grandeur, you get an awesome place to purchase a property.  However, the premier asset for the Great Smoky Mountains is their location.  Our area is situated less than 10 hours drive from a majority of the U.S. population.  This gives owners of income property, like rental cabins, a distinct advantage.  If you are looking for a place to buy a fun investment, go on our website and register to receive property listings, and search for property any time that is convenient for you.  Your East Tennessee dream property could be only a mouse click away. 

Regular blog readers know that we like to keep everyone aware of market trends through sources, like the Great Smoky Mountains Association of Realtors.  The following data from GSMAR is for yearly total residential sales through October 31, 2010.

Total residences sold: 2010 leads 2009, with 127 more at 1318 residences sold.  This shows an 11% increase in residences sold year-to-date for our current year. 

Dollar volume sold: 2010 lags 2009 year-to-date by 15%.  The 2009 figures lead by $39,292,611.00 with a total of $259,992,803.00.  

 

Average residence sold:  2009 also leads 2010 by 23%.  The average residence in 2010 is $167,451.00 or $50,847.00 less than 2009 year-to-date. 

 

Active listings:  2010 year-to-date leads last year by 13% with active listing totals of 7,297.

 

Remember, our markets are still in the process of reaching balance after a barrage of serious federal stimulus.  Market improvement is showing mixed results that will take some time to resolve.  However, for the present, many aspects remain favorable for buying real estate in these beautiful East Tennessee Mountains.

Call today to inquire about purchasing your permanent residence, vacation home, or investment property  877-678-2121.

Here are a Couple of My Latest Listings:

Unobstructed Mtn Views/Immaculate!!
Immaculate, custom, well built home with incredible views. Enjoy the sunsets and sunrise from this unobstructed property, owning all the way to the street below. Main floor living on a cul-de-sac and walk to the Owners Club.
Type: Single Family Home
Location: Chalet Village
Price: $259,900
Get more information >
Excellent Views /Architectural Icon!
This commanding architectural icon is an award winning design. Fantastic floor plan, quality contruction, outrageous mountain views from all rooms, gas generator, lots or level parking and 5 master suites all with their own screened in porch. Must see!
Type: Single Family Home
Location: Chalet Village
Price: $990,000
Get more information >

Fall is the Perfect Time for Leaf Viewing or Choosing a Gatlinburg Home For Sale

Posted by Gatlin on
Fall in the Smokies

Smoky Mountain homes are located in such a beautiful setting, that any season of the year is awesome.  However, the natural fireworks of autumn leaf color make this a spectacular time to visit the area.  All of us in the northern hemisphere realize at a cellular level, that the colder days of winter hibernation are almost upon us.  This sets off a sense of urgency that compells many people to get outdoors.  We need to savor the waning warmth of sun and enjoy nature’s final display of leaves as they disappear until next spring.  The Smokies offer special advantages to the autumn leaf viewer.  The leaf chemistry change and drop begins initially at the northern edge of the continent’s forested areas and then proceeds south.  By the time leaf color hits the Smokies, many northern areas are getting early snow and many leaves have dropped.  Our leaf viewing season offers many people a last chance to take in Nature’s display before it is gone.  Another unique facet to leaf viewing in these East Tennessee mountains is the topography of the land.  The elevation differences make fall colors more dramatic and three dimensional to our eyes.  In addition, the conversion changes from the top down.  Highest elevations will be the initial beacons of falls transmutation, as the procession moves down the mountains.  This elevational parade of color seems to stretch the time of autumn alchemy.  The enchantment of fall in the Smokies is further enhanced by a multitude of micro climates provided courtesy of nature and the lay of the land.  Some of these micro climate areas will move faster or slower in their progression of autumn hues.  All of this entices the visitor to come and savor what our area provides.   

Up to this point, we have focused on natural attractions of fall in the Smokies.  However, there is a multitude of man-made attractions that bring others to East Tennessee.  The “old time feel” of these mountains have always drawn automobile enthusiasts.  The beautiful, sunny, and cooler temperatures are more comfortable on people, as well as, modern and antique automobiles.  Check out websites that cater to car events and you will find plenty to select.  These sites post auto events right up until the snow flies.  Tennessee is certainly one of the top music states in our nation.  You can choose from; country, bluegrass, southern rock, blues, and more.  The events range from small venues to stadium-size arena events.  Our local and state wide websites can allow you to discover your perfect musical event.  Smokies’ leaf season is prime time from mid October thru mid November.  There are tons of unique dining events and arts and crafts shows that blend with our areas’ harvest festivals and Halloween.  No matter how unique your interests may be, there is almost certainly an event available for you.   

Provide your family and friends an opportunity to enjoy the Smokies at any time, consider purchasing property here in East Tennessee.  The possibilities in real estate are as endless, as the activities of the surrounding area.  Begin your search online and define your property criteria.  You can set pricing limits and a host of other elements so that you view only real estate that meets your needs.  This saves you valuable time.  When you are ready to make your final selection, our team is ready to help turn dreams into reality.  Contact us today to get started.    

Here are a Few of My Current Listings: 

Premier View of Smoky Mountains!
Condo with sought after mountain views and 3 bedroom plan. Indoor and outdoor pools, hot tubs and saunas and really close to the Great Smoky Mountain Nat’l Park and ski resort.
Type: Condo
Location: Gatlinburg, Tennessee
Price: $109,900
Get more information >
Private Acreage with Creek Frontage/View
Private acreage with beautiful mountain view and creek frontage and waterfall. Panoramic view with easy road access. Truly a dream come true for just the right person.
Type: Land
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >
Sits on Beautiful Pigeon River!!
Located on the state’s most pristine river this is truly a one-of-a-kind property. Listen to the sounds of the river on this 2.8 ac in upscale subdivision of Riversong. This home offers a gourmet kitchen, huge game room and even a playroom for the kids.
Type: Single Family Home
Location: Pittman Center
Price: $1,250,000
Get more information >

Considering Real Estate in Gatlinburg For Sale?

Posted by Gatlin on

 

NAR’s existing home sales numbers for August are complete, and they may influence your search for Smoky Mountain real estate.  The National Association of Realtors represents over a million members across the United States and it compiles data relevant to all aspects of the nation’s real estate market.  Data for existing-home sales has been used to track home purchases in America.  Since 1999, existing-home sales have included; single family homes, as well as; condos, townhouses, and co-ops.  These other home components were added to single family homes, because of their significant numbers as residences in large metropolitan areas.  The existing home sales data reflects completed monthly transaction totals for residences.  These are seasonally adjusted.  The monthly figures have more relevant trend significance, when they are compared over larger spans of time and from several different perspectives.  The current period is a good example.  To some readers, the decline of the last few months might appear grim.  However, when viewed longer term, and with the perspective that artificial government housing stimulus has just ended, that conclusion could be inaccurate. 

To gain some perspective, let us back track slightly.  April 2010 was the last month for federal stimulus.  Contracts had to be signed by the end of April, but there was some flexibility on official closing dates to qualify for the tax incentives.  The government intervention obviously beefed up April 2010 sales, by driving buyers into the market to get their cash.  The April 2010 number of 5.8 million looks robust, compared to an anemic 3.8 million in July 2010.  The improvement to 4.1 for last month (August 2010) is encouraging.  Some readers might feel that August 2010’s numbers, while improving, is still below the 5 million range we saw in much of last year. 

However, let us examine some of the potentially beneficial aspects in today’s property markets.  Despite much uncertainty in all investments, real estate offers a tangible place to park some portion of one’s savings.  Properties can be a fun  destination for generating rental income, as a vacation getaway or future retirement home.  NAR’s Chief Economist, Lawrence Yun points out that the residential property market is slowly recovering on it’s own, after substantial government support.  The August increase could be an indicator of this recovery.  The national median existing home price in August 2010 was $178,600 for all types.  This is up 0.8% from last year.  Any increase is impressive, given that deeply discounted properties, like foreclosures, currently make up about 1/3 of all real estate sales.  NAR President Vicki Cox Golder, feels many people are caught in the cross-fire of; Wall Street, the economy’s uncertainty, and housing’s positive aspects.  Prices seem to be stabilizing, interest rates for qualified buyers are low, and there is ample inventory of property for any category of real estate.

                                          

                              

Market timing is never an exact science.  Prices can go up or down. Each family or person must decide for themselves when to buy or sell.  When you are ready to move forward on TN Smoky Mountain real estate, visit us first.  We are leaders in fine Tennessee Smokies’ property.  Let us put years of area knowledge and expertise to work for you.  Contact us by phone at 877-678-2121 or go online to get started today!

Here are a Few of My Latest and Current Listings:

Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

Autumn in the Smoky Mountains is Special

Posted by Gatlin on
Fall color is coming!

 

Many people have homes in Gatlinburg and other areas throughout the Tennessee Smokies.  Most folks will agree that Autumn here in the Smokies, is uniquely special.  For one thing, the biodiversity of the trees and plant life is greater in this area, than most places on our planet.  This diversity expresses the fall leaf color in an incredible display.  To add to this cornucopia of color, we have it displayed in a dramatic three dimensional presentation of mountain topography.  The display is further enhanced by the element of elevation.  The highest peaks above 6,000 feet are more in sync with the northern U.S.  Trees up high will begin their leaf color change and eventual drop, way before the low valleys and hollows.  The autumn process is opposite the leafing out of Spring.  Springtime sees the green of leaves move up the mountains and fall starts out high and moves down.  This magical display provided by the forces of Mother Nature is further enhanced by our own internal clocks.  The circadian rhythms go off inside just about everyone.  That little inner voice urges us ever more dramatically. “The hibernation time of winter is approaching! Get out and enjoy the warmth and beauty before it is gone!” Even Mother Nature lends a hand.  Our blistering heat from summer mellows, and the evening temperatures drop to jacket comfort.  Even the intensely-tropical humidity levels back off, as cooler, drier air moves in.  For many of us, outside temperatures are just about perfect.    

Here are Some of the Local Activities Coming Up:    

 With the world of nature putting on the fall fireworks, the human-supplied activities also pick up their intensity. Autumn harvest festivals kick off all over the area.  The “Fall Colors in the Smoky Mountains“event runs September 15th thru November 15th.  Colors can be enjoyed on hikes to; Albright Grove, Andrews Bald, Alum Cave and Mt LeConte, to name just a few.  Auto cruising through; Gatlinburg to Cherokee, Roaring Fork, Greenbriar, and Newfound Gap Rd provide awesome fall vistas.  For outdoor enthusiasts, September 25th-26th has the 11th “Annual Smoky Mountain Trout Tournament“.  The “Smoky Mountain Harvest Festival” begins September 17th and runs through October 31st.  This features great food, and plenty of arts and crafts.  Our local ski resort at Ober Gatlinburg celebrates their Bavarian heritage with an “Oktoberfest“, that runs October 1st-31st.  The Oktoberfest has; costumes, music, food, and drink that take everyone back to life in the German Alps.  This blog barely begins to reveal all the fun and interesting activities available here in the East Tennessee Smokies.    

Go online to get a greater look at all the options you can enjoy.  While online, you can explore the possibilities of owning a home or other property in our area.  The spectrum of opportunities is endless.  You can look at primary or vacation homes, and view rental or other income properties.  All of this can be done at your own pace, in the privacy of your existing residence.  Furthermore, you can set personal parameters that save time in your search.  You receive available properties that only match your particular search criteria.  Begin your search today on our website!    

Here are a Few of My Current Listings:

Update w/ Spectacular Views of Mountains
This updated, meticulously maintained home is a beauty! Enjoy the spectacular northern view of the mountains from a level yard on one of many decks.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $229,900
Get more information >
15 Acre Mountain Lodge!!
Breathtaking views from this Mountain Lodge, on 15 acres, located in prestigious Chalet Village. 12 Master Suites all with their own whirlpool baths, LCD TV’s,king beds & private balconies w/ views! Room to entertain 100 people with parking for 14 cars.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,870,000
Get more information >
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
Get

Positive Aspects for Gatlinburg Real Estate in Today’s Economic Uncertainty

Posted by Gatlin on

Explore the advantages of Smoky Mountain real estate in our current time of unknown outcomes.  In preparing this blog, I drew upon my years of buying and selling East Tennessee Mountain real estate.  I combined this experience with data fresh out of the National Association of Realtors.  Their inspirational article was recently published (Sept 2010) and it explored positive angles in today’s property market.  The NAR research reveals that the economy is finding some stability and there is growth.  Despite the apparent weakness, the private sector is also creating some jobs.  National confidence among consumers is low, but the confidence level has risen off the bottom.  This indicates an improvement.  A highlight in the current market is 30 year mortgage rates. 

 

Qualified buyers will find these 30 year rates at very low levels.  The stimulus plan for home buyers has lessened the huge inventory of homes for sale.  The decrease in homes for sale has led to a stabilizing in median home prices.  NAR research shows that home-price-to-income ratios are at justifiable levels with fundamentals.  The article went on to forecast that NAR economists feel home prices will increase in upcoming years.  The NAR material also states that delinquencies are up.  However, recent loan origination’s with their tighter qualifications are currently performing well.  The data from NAR concluded with the idea that our national recovery could be assisted by long-term gains coming from housing-wealth.

If we take these positive highlights from the September NAR article, they can easily integrate with an investment program to initially purchase or perhaps upgrade a property here in the Tennessee Smokies.  Most stories of successful investing state that the best bargain in any investment portfolio are usually acquired when prices are off their highs and the mass of humanity is uncertain what to do.  Are property prices headed lower?  No one knows for certain.  However, if the government keeps printing money, home prices will most likely rise because new/replacement homes will cost more in materials and labor costs.  This should help drive up existing home costs.  Long term recovery will definitely be linked to job creation from the private sector.  Government job creation is only a temporary fix.  History shows that prolonged government spending without legitimate tax revenues to back that spending, will inevitably harm the nation’s currency.  If current government policies do not change, hard assets like real estate will hold value better than intangible assets.  For some of these reasons, real estate could be a great buy at this time.  As an added bonus, 30 year mortgage rates are quite low.  You could lock in a fine property ranging from a permanent home to a vacation rental.  Location is a key to property value.  It is difficult to find a more convenient, beautiful area, filled with amenities, like the Smokies.  Go online today and get started finding the perfect property investment for you and your family.

Here are a Few of My Current and Latest Listings:

Exceptional View and Location!
Exceptional cabin with exceptional views, amenities, and location. Fully furnished.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $299,900
Get more information >
Incredible Smoky Mountain Home & Views!
Outstanding workmanship and distinctive design make this gorgeous mountain getaway with five master suites, gourmet kitchen, HUGE rec room and magnificent,unblemished views of the Smokies a one of a kind!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,900
Get more information >
Surrounded by The Great Smoky Mountains!
Enjoy total privacy in one of the most picturesque settings in the area. Located in the prestigious community of Riversong and surrounded by The Great Smoky Mountains Nat’l Park you can hear the relaxing sounds of the Little Pigeon River from the decks.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $769,900
Get more information >
Mt LeConte View w/Large Open Floor Plan
5 bedrooms all with in suite baths for privacy. Huge great room for those family gatherings and could walk to trolley to take to town or to National Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $350,000
Get more information >

August 2010 Residential Sales for Gatlinburg Homes and Other Tennessee Smoky Mountain Communities

Posted by Gatlin on
August 2010 figures are available for Gatlinburg properties and other communities that make up the Great Smoky Mountains Association of Realtors.  This data can be helpful in spotting trends.  It can also be good in timing when to list, or purchase property.  The examination of August 2010 residential sales begins with the comparision of residences sold. 

Last August (2009) there were 136 residences sold.  Residential sales include; single family, townhouses, condo’s, and co-ops.  August of 2010 dropped 14, to 122 residences sold or 10% off the 2009 August Figures.

In the category of dollar volume sold, August 2010 came in at $22,275,984.00.  This compares to August of 2009 at $22,662,581.00 or less by 2% (down $386,597.00). 

Comparison of average cost of residence sold, favors August of 2010.  August 2010 comes in at $182,590.00 vs $166,637.00 for August of 2009.  This year’s August is up by $15,953.00 or 10% higher.

Active listings sees August of 2010 also leading at 4,083 or 596 more (17% increase).

Long term analysis is needed for accurately determining market trends.  However, some of this market data can be helpful.  Total residences sold, dollar volume sold, and average price per residence sold, may all be sorting out , after the impact of the federal stimulus ended.  Intervention by congress tends to muddy up the waters of the market.  It can take some time for true market trends to clearly reveal themselves, after an artificial stimulus ends.  Data suggests that the first-time homebuyer tax credit certainly fired up the lower-priced entry level of the residential market.  Number of homes sold, total dollar volume, and average residential price were all influenced by the stimulus.  An accurate assessment may not be possible in these categories for some time.  It does appear, that even with the decrease in overall residences sold (off 10% in August 2009 vs 2010), the average residence sale price is increasing and total dollar volume sold is almost even.  Currently the high end of the residential market is not as active as the entry level.  Buyers appear to be more selective and not as frenzied, as they were before the market peak.  With mortgage interest  rates low, and active lisings up, this is a great time to find a dream property.  Prices appear to be stabilizing, yet they are off their peak.  You can test the market, searching out properties in your own free time 24/7. Simply go to our website, search.smokymountainhomesnow.com. You can set up search criteria that exclusively pinpoints your own real estate needs.  This saves you time by providing only those properties that match what you desire.  It only takes a little investment of time to get started on your search.  Start today to find your Smokies dream property.

Here are a Few of My Current Listings:

Authentic Log Cabin/Great Rental Income
Authentic log cabin with fantastic rental history. 2 bedroom & bathroom suites each with total privacy.Amenities include game room,outdoor hot tub,on site pool and is located in the desirable Arts and Craft District to name a few.
Type: Single Family Home
Location: Gatlinburg,Tennessee
Price: $159,900
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: $329,900
Get more information >
11 Bedroom- Smoky Mountain Stunner!
This 11BD/11.5BA mountain top home is designed with hardwood floors, high quality furnishings and antique decor throughout. A stunning handcrafted cedar staircase, sunroom w/large swim spa, sauna, media room, over 2500 sq ft of decking to enjoy the view!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,475,000
Get more information >

Homes in Gatlinburg and Across the Nation See Mixed Results in July 2010

Posted by Gatlin on

Smoky Mountain real estate follows general property trends like much of the nation.  The July 2010 numbers from the National Association of Realtors in Washington, D.C. reveal some interesting results.  July 2010 figures for existing-home sales were substantially lower by 27.2% from June of 2010 and were off 25.5% compared to July of 2009.  The July 2010 3.83 million units sold is at a level equal to 1999, when existing home sales records began.  Existing home sales represents finalized transactions on; single family homes, townhouses, condominiums and co-ops.  Single family homes have typically made up a majority of the existing-home sales.  However, single family house sales are at lower levels not seen since May of 1995. 

Lawrence Yun, NAR’s chief economist, had predicted this soft period in existing home sales.  He expected the rush for the home buyer tax credit, that ended in April, would create this lull .  The Chief Economist expects the soft pace in existing home sales is probably going to continue through September of this year.  Yun is optimistic that housing affordability, combined with very low mortgage interest rates, could boost home sales later on.  The real key in a healthy housing market remains with the creation of jobs throughout our economy.  If serious job creation occurs, the existing-homes sales will increase.

However, there is encouraging news in single-family existing home prices.  The median price for a single-family home was $183,400 in July 2010.  This median price was up 0.9% from a year ago.  Across the county 11 out of 19 metropolitan statistical areas saw increases in home prices.  This price increase occurred even when the overall sales figures were declining.  If you are interested in buying or selling property in the Smokies, the Jason White Team can help.  As a buyer, you can start your search online.  Our website allows you to set parameters specific to your personal search.  Begin now to find that ideal property and utilize some very low mortgage rates.

Here are a Couple of My Latest Listings:

Fantastic Mountain View & One Level!
Want one level living and great mountain views? This home is for you! Private, level ground with yard and southern exposure not to mention the shady covered front porch and sunny open deck with hot tub.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $179,900
Get more information >
Premier View of Smoky Mountains!
Condo with sought after mountain views and 3 bedroom plan. Indoor and outdoor pools, hot tubs and saunas and really close to the Great Smoky Mountain Nat’l Park and ski resort.
Type: Condo
Location: Gatlinburg, Tennessee
Price: $115,000
Get more information >

Adjustment to the July 2010 Sales of Smoky Mountain Homes

Posted by Gatlin on
 

An apology to my blog readers on my report about July 2010’s Gatlinburg real estate and other area property sales.  I pulled data from our Great Smoky Mountain Association of Realtors to put in the blog.  The July 2010 residential sales figures looked rather robust in several catagories. However, I put the figures into my 8/4/10 newsletter/blog.  A short time later, I learned that the data included some large commercial transactions in those residential numbers.  Obviously, this corrupted the stats, so here are the corrected figures. 

July 2010 “Total Residences” sold was 121 vs July 2009 at 145.  This was a decrease of 24 residences or 17% less over July of last year.  These residential figures include; single family homes, condos, townhomes, and co-ops. 

“Total dollar volume” sold and the “average residential sale” were the 2 categories most impacted by the inclusion of the commercial properties.  July 2010 “Dollar Volume Sold” was $18,941,603.  The July 2009 Dollar Volume Sold was $25,725,551.  This July was off by $6,783,948 for a decrease of 26% from July 2009.

All of these numbers lead us to an”Average Residence Sold” at $156,542 in July 2010.  This is less than July 2009’s average sale at $177,418.  The average sale is down $20,876 or a 12% decrease from July of 2009.

The category of “Active Listings” in residences comes in as a winner in July 2010.  This July’s active listings was 4,119 vs. 3,523 for July of 2009.  This leaves last month with 596 more residences listed or a 17% increase. 

Behind these figures, the property market is revealing itself.  Without the huge commercial properties in the mix, the real estate market looks different than my August 4th blog reported.  Smokies real estate is in transition.  The market place is still searching for balance after the end of the federal stimulus. The revised figures do not currently show a pronounced shift toward higher priced homes. Recent activity appears to be focused on the lower priced properties.  However, with active listings on the increase there is a great selection for buyers.  This combined with low mortgage rates, could make this an ideal time to purchase your property in the Smokies.  Click on our website today to get started on your search with the Jason White Team.

Here are a Few of My Current Listings:

1.3 acre w/ Spectacular Mountain Views
Quiet living on 1.3 acres with phenomenal MT Leconte and Smoky Mountain views and lots of level parking. 5 Private suites, with loft and game room located on cul-de-sac. Plus two huge decks to enjoy the incredible views of the mountains.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $449,000
Get more information >
Overlooking Stream in Gatlinburg Condo
This conveniently located condo is only 1.5m from downtown Gatlinburg’s shopping and dining. Even has a woodburning fireplace and balcony to enjoy the beautiful mountain stream.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $83,500
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Exquisite Lofty Mountain Retreat!!
Detail and excellent craftsmanship throughout this lofty mountain home will please even the most discriminating buyer. Complete with an outdoor living space with fireplace that overlooks Mt. LeConte views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $495,000
Get more information >