The Weather Is Changing-Time to Book Your Smoky Mountain Homes

Posted by Gatlin on August 24, 2011

Selections ranging from a Sevierville cabin to a Gatlinburg home offer visitors, a close and personal view of our area. These rental homes allow new people to experience the Tennessee Smokies almost like a local. Our blog for this week is focused on upcoming events that typically occur in late summer/early fall. As we get ready to put out this blog, changes are afoot. Just this week, it seems the lid came off the pressure cooker. Our temperatures and humidity have left like triple digit since April. However, in the past few days there has been a shift for the more comfortable. Up on Ski Mountain Road in Gatlinburg some trees are beginning to turn color. All of these items are indicators that change is in the air. When it’s getting really comfortable to be outside there is usually a multitude of fun activities in our region.

One of the best known and well attended of our area’s events is just a few weeks away. The “Shades of the Past” car show will be held at Dollywood’s Splash Country, September 9th & 10th of this year. This features hot rods and other custom collectible cars and chassis’s through 1972. One week after “Shades of the Past” rod show is the 2011 Grand Fall Rod Run held on the strip in Pigeon Forge. This event is scheduled September 15th-19th. This is a huge car show with almost all day and night activities. If you do not like cars, hot rods, etc. avoid this area for these 2 weeks. Traffic congestion is intense, but for vehicle enthusiasts, this is a heavenly event.

If you would like a home base here in the Smokies, check out our website. We have geared everything to help our prospective clients find a property to suit their needs. Hop on today and get started. Then all our fun activities become available anytime you choose to attend.

Here are a Few of My New and Current Listings:

If You Want It All Check This Property!
Enjoy the owner’s club with pool, tennis courts, game room, etc. which is included in the purchase of this property. This lot also has views of Mt LeConte and is located in the desireable Chalet Village in Gatlinburg.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $39,900
Get more information >

Mt LeConte View/Owners Club w/ Pools!
This property has it all- mountain views, close to downtown Gatlinburg for dining and shopping, Owner’s club with pools, tennis courts etc, and even close the Ober Ski Resort!
Type: Land
Location: Gatlinburg,Tennessee
Price: $39,900
Get more information >

Level Ridge Top w/ Amazing Mtn Views!
Level ridge top property with amazing mountain views to enjoy from the wall of glass in the open great room. 2 private bedroom suites, one on each level. Tongue and groove throughout. Even a community pool to enjoy on those hot days.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $219,900
Get more information >

Corner Condo with Spectacular Mtn Views!
Ground floor, corner unit with spectacular Great Smoky Mountain views. Wonderful indoor facility w/ pool as well as an outside pool.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $79,900
Get more information >

Smoky Mountain Real Estate Puts You in Touch with a Universe of Opportunities

Posted by Gatlin on July 27, 2011

Owning Gatlinburg property, places your family in the epicenter of a quantum field of possible adventures. Our Great Smoky Mountains National Park is one of the most diverse locations on this planet for flora and fauna. In other words, we have more plants and animal species packed into this area than almost anywhere on earth. There are more than 800 miles of trails throughout this park. These range from lone, one-person daily adventures, to multi-person tests of stamina that last for long periods like the Appalachian Trail Hike. This area was so well planned, that even the most severly handicapped individuals can enjoy the beauty and wonder of the Smokies via the benefit of auto tours. From the longer Cherokee to Gatlinburg view of the park by car, to shorter trips like Roaring Fork Motor Trail, everyone can enjoy the splendor of these mountains in almost any season of the year.

For the more adventurous among us, there are biking adventures that rival the Tour De France. Outdoor enthusiasts will find ample options for; camping, fishing, hunting, horseback riding, picnicing, waterfall viewing, white water rafting, and wildflower hikes. Leaf viewers in fall, wildlife viewers looking for bear and elk, and bird watchers checking out our eagles get such a bonus of things to see and do. The awesome aspect to all of this Smokies Adventure, is that our region is less than 8 hours car ride from more than 1/2 of the U.S. population.

If you want to be a regular participant in all this scenic natural beauty, consider buying property in the area. The options are limitless. You can buy a primary or a vacation home. You can own a rental property or purchase real estate for investment. The possibilities truly are infinite. Once you become a property owner here, you can also tap into the limitless potential of local man-made options. From arts and crafts to other shopping and amusement pursuits the list of fun is huge. Hop online and start your search for property with full-time fun today.

Here are a Few of My Current and Sold Listings:

Huge Four Level Chalet/Nice Ridge View
Very large 4 level chalet that sleeps 16. Big open space in all rooms and 4 levels of decks. Nice mountain views and walking distance to owners club and pools.
Type: Single Family Home
Location: Chalet Village
Price: $299,900
Get more information >

Fantastic Creekside/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 >

Sold- Contract in 8 Days!!!!!!
Great construction quality and prime location in Gatlinburg. Mostly level lot w/nice yard, gourmet kitchen,high end bathrooms and large 4×6 whirlpool. Fantastic outdoor space w/wrap around decking.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $235,000
Get more information >

Private with 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 >

Call today to view any of our listings! 877-678-2121

So You Have Booked a Fun Gatlinburg Property and It’s Raining

Posted by Gatlin on June 22, 2011

First off, don’t let some precipitation ruin your vacation in these beautiful Smoky Mountain homes. Rain can actually enhance the Smoky Mountains experience. How can rain enhance the trip? Read on, and explore the magic of rain in the Smokies. What many people fail to realize, is that parts of the southern Appalachians (including the Smokies) are a temperate rain forest. The highest peaks average over 85″ of rain per year. Wet years can produce over 8 feet of rain annually. Yes I said 8 feet! When you combine serious changes in elevation mixed with copious quantities of rain, you get the crucial ingredients for waterfalls. If you go online, you can pull up maps to the prominent waterfalls within the Park. However, if your vacation is timed with some of our local monsoons, there are still options for you that allow you to stay dry.

Before we explore some of these rainy day adventures, some caution should be noted. Any serious rain event (like remnants from a Gulf Coast hurricane or something similar) can put you in peril if you go driving around these mountains recklessly. Mountain roads are difficult to build and therefore are often more narrow, steep, and hazardous than lowland highways. These mountain road ways were many times built on the flattest topography of the area. These frequently follow the creeks and rivers of the mountains. Valleys or hollows become the low point where a heavy rain can turn a scenic waterway into a raging flood. So exercise caution, because even the steep inclines of mountain roads get greasy with water, mud, and leaves.

Longtime residents of the Smokies find rainy days to be delightful. Traffic is frequently lighter because many are cocooning in their homes. The rain in the mountains is so much more 3-dimensional. Clouds and wisps of mist hang on the mountains. It is easy to see why native Americans called this “land of a thousand smokes”. As the water makes its way down the mountains, “wet weather” waterways spring to life and dormant waterfalls come alive on the rock ledges of the area. If you look carefully, you can see Meigs Falls from your car. It lies on Little River Road, 13 miles from the Visitors Center (west) and 7 miles east of Townsend. It is easily missed. You can also see “Place of a Thousand Drips” which is amplified in wet weather from your car. It lies off Roaring Fork Motor Trail at stop light # 15.

When you combine vehicle sight seeing under reasonable rainy conditions, it becomes a fun, family adventure that even handicapped family members can share. Remember to consult our previous blogs on fun events and area shopping. You will learn what our residents already know, there is never a bad day in the East Tennessee Smokies.

If you really want the full experience, consider purchasing a property of your own in the Smokies. Begin on our website, and set your own personal search criteria. Our team of experienced professionals is ready to help you “seal the deal”. Start now and find your place in the Smokies.

Here are a Few of My Latest and Current 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: $399,900
Get more information >

Exceptional View and Location!
Exceptional cabin with exceptional views, amenities, and location. Fully furnished.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $279,900
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 Nat’l Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $350,000
Get more information >

Vacationers Love to Stay in Smoky Mountain Homes

Posted by Gatlin on June 15, 2011

Gatlinburg real estate gets a lot of press when it comes to vacation lodging. However, this week’s blog is focused on Sevierville (pronounced severe-ville) . This lesser known city of Sevier County is the county seat. In land area it is on the way to becoming the largest municipality in Sevier County. With this large expanse of land, comes opportunities. Gatlinburg and Pigeon Forge are famous, but Sevierville is on the road to becoming the premier shopping destination of this area. Currently, Sevierville boasts two of the largest outlet malls around. The upscale Tanger Five Oaks Factory Outlet Center is the largest of its kind in Tennessee. Outdoorsman can find awesome shopping at Bass Pro Outdoor World, Smoky Mountain Knifeworks, and the Orvis Company Store. The shopping spectrum in Sevierville ranges from family run; antique shops, galleries, boutiques, and specialty shops, to huge corporate-owned mega stores. A scrapbook store with the largest inventory in the United States is within the city limits.

Shopping in Sevierville begins out along the I-40 corridor and works its way down Rt 66 into downtown Sevierville. The opportunities continue down the parkway until the limits of Pigeon Forge are reached. Shopping related activities are a major event here and the city hosts; web-site deals, sales tax holidays, etc. for your convenience. The beauty of shopping in Sevierville is there is something for every family member. Dad can find shops that cater to his interests like tools, while Mom finds ample; shoes, clothing, cooking, and children’s shops to engage other members of the family. If you love shopping for recreation or as a solution for your family’s needs, consider Sevierville as a vacation destination. It’s location is easy to find and it sits out away from much of the National Park traffic. You may find many benefits to visiting this lesser known city of the Tennessee Smokies.

For many of the previously mentioned reasons Sevierville should be worth a look on your trip to the area. These same benefits apply to buying property in Sevierville. Hop on our website and begin exploring the wonders of Sevierville, Tennessee.

Here are a Few of My Latest Listings:

Condo w/ Easy Access/Amazing Mtn Views!
Location and views are what this condo is all about. Even includes a community indoor and outdoor pool.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $89,900
Get more information >

Right on the Creek in Gated Community!
Own a mobile home in a gated community with a beautiful recreation area with two pools(one for adults and one for kids).The land is deeded property which you own as well, and is right on a gorgeous creek. Fully furnished and includes SS appliances.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $89,900
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, 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: $329,900
Get more information >

On the Quest for Smoky Mountain Real Estate?

Posted by Gatlin on January 26, 2011

Winter Stream in Mountains — Winter Stream in Great Smoky Mountains

Searching for a Gatlinburg home or a property in any location, requires a certain amount of preparation. Our blog for this week zero’s in on the advance planning that buyers need to do before their home purchase. The source for this material comes from the National Association of Realtors. They put out an article to their members on 10 ways to prepare for home ownership . It offers great home buyer advice that is worth sharing.

Home Buyers need to determine what they can afford. This is the first step. Typically most people can buy a home that is two to three times their gross income. The home buyers second step is to set up a wish list for the new home. This wish list should be prioritized before the actual home search. Step three is determining where you want to live. Select three or more areas with neighborhoods that you like. Factor in travel time to; work, school, recreation, and other daily activities. Consider the quality to all facets of the area, and potential resale. Fourth on the list of preparation is begin saving for your home purchase. Shoot for a minimum of 20% for a down payment. An additional 5-10% for miscellaneous closing costs will cover attorney fees, taxes, transfer fees, etc. Getting your credit in order is the fifth item. Request a copy of your credit report and make sure it is accurate. If there are problems, begin immediately to get them corrected and take steps to improve your credit.

The first five steps we discussed take a future homeowner to the half way point in preparation. Step six is to set up mortgage qualifications. How large of a mortgage can you get? Explore various options on loans like; fixed or adjustable, term length, etc. Determine your best option and your best loan source. The seventh item of preparation is to get pre-approved on your loan. This requires submitting necessary documentation like; prior years’ tax forms, W-2’s, 1099’s, pay stubs, etc. Step eight requires creativity to see if there are other potential sources of funding for the down payment. For instance, are there any state or federal programs that offer assistance for down payment money? Some retirement funds may be used without penalty, for some aspect of a home purchase. The ninth step in home ownership preparation is to calculate all costs associated with owning a home. These include; insurance, maintenance, utilities, association fees, property taxes, and future repairs. It is best to be prepared for all aspects of the successful home owner lifestyle. The final step is to find a realtor you can work with, and one who can truly help you. Some Realtors specialize in certain kinds of property. Make sure they have the patience often needed for first-time buyers. This may require getting referrals from people you know and conducting your own screening, or interview process. Be respectful of people’s time during this selection procedure. These ten steps will prepare any first time, or seasoned buyer for the road to owning a home. Completing these steps certainly eliminates many of the hassles in the path to acquiring a new home.

If you are considering any kind of home purchase here in the Tennessee Smokies, the Jason White Team can simplify your search. Everything from our user-friendly web site, to our realtors’ expertise is geared to help both buyers and sellers alike. Contact us today 877-678-2121, and have fun finding your home in the Tennessee Smokies!

Here are a Few of My Current Listings:

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 National Park. You can hear the relaxing sounds of the Little Pigeon River from the deck
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $769,900
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 >

Looking to Buy Smoky Mountain Real Estate Before 2011 Closes?

Posted by Gatlin on December 15, 2010

If you want to purchase a Gatlinburg home before this time next year, here are 5 fast track tips. These were spelled out in some of my realty sources via Tara @ Trulia. This savvy business woman provides us with a 5 step plan to buy real estate. Her first tip is to focus on the dream of home ownership and stock pile your cash. Avoid the trendy wardrobe upgrades and other impulse buys of the holiday season. Nothing enhances one’s esteem and amps up net worth better, than becoming a homeowner. The trinkets we buy at this time of year all reduce our cash reserves and they seldom become an appreciating asset, like real estate. It takes serious cash to cover closing costs, so get started today. Use high yield savings accounts that pull out of your paycheck, and that are not easy to pull funds out. This keeps you focused on the prize, and avoids raiding the cookie jar for impulse buys. Her second tip is to utilize online resources; to find the best financing, research home locations, check pricing, and find prospective agents. You can do an awesome amount of pre-work in front of your computer, in the privacy of your current living quarters. This briefs you on the basics, so you can finalize your search with confidence, when the opportunity presents itself. A third point is to fine tune your credit by pulling reports on your credit score. You can enhance your score by boosting your weaknesses in advance of applying for a home loan. The forth focal point is to run your numbers, and get pre-qualified, if possible. This prevents you from buying a home that you can’t afford. Go over monthly budgets and have all your finances in order. This leaves you confident in knowing what you can afford. The last area to nail down is choosing a real estate agent, and a mortgage broker. Finding compatible, knowledgeable people you can work with, is critical for a great home purchase.

Here at the Jason White Team we advocate this process to our clients. We gear our website to serve prospective clients on all levels of the real estate transaction. We think prepared clients make better decisions and this makes our job mesh with our customers expectations. Go on our website and get started today.

Here are a Few of My Latest and Current Listings:

Custom Built Home w/ Fantastic Mtn Views
Custom built home, stately curb appeal, fantastic mountain view, great neighborhood in Sevierville, and vaulted ceilings throughout. Don’t miss seeing this one level living home!
Type: Single Family Home
Location: Sevierville,TN
Price: $229,900
Get more information >

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 >

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 wfireplace that overlooks Mt. LeConte views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $495,000
Get more information >

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

Posted by Gatlin on December 8, 2010

: 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 >

Is a Gatlinburg Home For Sale, Your Next Purchase?

Posted by Gatlin on October 6, 2010

Today’s blog examines local residential property statistics and the status of Tennessee Smoky Mountain real estate. The source for this blog comes from the Great Smoky Mountain Association of Realtors. GSMAR is a great local association that among many duties, provides it’s members with data on sales in a variety of real estate categories. This information can often be used to predict market trends, and aid people in buying or selling their property. As we have mentioned in previous blogs, market trends are best spotted in examining large spans of time. However, year-to-date comparisons can prove helpful to determine personal timing for selling or buying investments, like real estate. As we get into these statistics, bear in mind a caveat, that bears repeating. Today’s financial markets from; real estate to intangibles, are seeking their own balance. At this stage, many areas like real estate have been artificially manipulated by government and global forces that have distorted their “free market” direction. When you view current statistics, realize that government intervention brought many first-time home buyers into the residential markets to claim their tax credit. This acceleration of home buying is bound to create a slack period, once the federal stimulus ends. This “end of stimulus” period is where we are currently. Factor this into your personal evaluation of our residential sales figures that compare 2009 to 2010 year-to-date (at the end of September 30th for each year).

In total residences sold, 2010 is leading by 119 at 1,158. This is an 11% increase.

Dollar volume sold year-to-date shows the current year down by 17% or $38,831,402.00. Sales through September 2009 were $234,825,691.00.

Average residence sold is greater last year at $226,011.00. 2010’s average residence is 25% lower or $56,759.00 less.

The 2010 category for active listings is greater by 833 (13% higher) with a total of 7,024 listings. These categories reveal that first-time home buyers and discounted foreclosure/short sales are driving forces in the stimulus era, and beyond.

Today’s residential market requires sellers to stage ,and price their property strategically to move them quickly. Qualified buyers will find ample opportunities to select great real estate. Mortgage interest rates are very low. There are numerous selections in property inventory. Prices appear to be stabilizing, but they are off their highs. The turbulence in other financial markets with; increased risk and low yields, could make a home in the Smokies, the perfect choice. Go online or call us today, to get started on an exciting adventure to find your property.

Here are a Few of My Current Listings:

Location, Location, Location/ Great View
Great location on top floor and corner unit! The mountain views are breathtaking. Amenities include pool, hot tubs, and sauna.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $99,500
Get more information >

Mountain Villa w/ Private Pool
Mountain villa with private solar-heated salt water pool and cabana on a peaceful lakefront setting. Chef’s dream kitchen and fantastic mountain views.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $799,000
Get more information >

Private with Beautiful Mountain View
Plenty of community ammenities, 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 >

July 2010 Gatlinburg Real Estate and Mountain Homes of East Tennessee

Posted by Gatlin on August 4, 2010

Smoky Mountain real estate took positive steps in it’s move toward a market without federal stimulus. I just received July 2010 real estate sales results from the Great Smoky Mountains Association of Realtors. The results in various categories reveal clues to our market’s behavior. Please keep in mind, this data covers July 2010. Accuracy in market trends is best verified over a longer period of time, and not just 1 month. In reviewing the GSMAR data, we should begin with number of residences sold. This catagory includes; single family homes, condos, co-ops, and townhouses. The current period had 111 residences sold vs 145 one year earlier. The units sold is down by 34 or -23%. This would seem negative until we examine other categories.

Dollar volume sold for July of 2010 is $90,421,283 compared to $25,725,551 of July 2009. July 2010 is up $64,695,732 or 251% higher.

Furthermore, July of 2009 saw an average sale of $177,418 per residence. Our July of 2010 average sale jumped to $814,606 for an increase of $637,188 or 359% higher.

In our final category of active listings, July 2010 has 4,058 compared to 3,545 in July of 2009. Active listings are up 513, for a 14% increase.

In evaluating this data, some market aspects may be revealing themselves. Currently, the federal homebuyer tax credit has expired. This program was a powerful incentive for new homebuyers to enter the market. In the short term, it has brought many new homebuyers into the market and it helped absorb some excess home inventory. However, the data reveals that most of the homebuying occurred at the lower end of the market. With the stimulus almost over (because of congressional action a few late closings may still trickle in), unbiased market activity is revealing itself. These July 2010 stats are showing that experienced homebuyers are coming off the sidelines to purchase higher priced properties. Without the large number of new homebuyers picking up lower end real estate, the “total dollar volume sold” and the “average sale price” has massively increased for July of 2010. It is too early to be certain, but seasoned buyers could be returning to the real estate market. These July 2010 figures seem to indicate that this activity is starting.

If you are considering East Tennessee real estate for some of your investments, begin on our website. We have geared our site to be user-friendly, and we constantly update, to keep it current. You set your personal search criteria, and it saves valuable time in viewing only property that meets your needs. When the time arrives to personally view and close on your property, the experience and expertise of the Jason White Team is available to make your dream a reality.

Here are a Few of My Current Listings:

Great View Of Great Smoky Mountains
Live in the prestigious community of Riversong. With the Little Pigeon River close by to enjoy fishing,swimming, etc. 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 >

Official April S & P/Case-Shiller Home Price Indices Reflect County-Wide Results that Most Gatlinburg Realtors Already Know

Posted by Gatlin on June 30, 2010

Gatlinburg real estate results follow general U.S. property trends. Long term realtors of the Smokies have watched our housing market follow the broad American property market. In this blog, let us first examine the S & P/Case-Shiller April data in greater detail. This specific index was started in 2006 to track U.S. home prices. It began with 10 metropolitan population areas and expanded to 20. Figures are compiled as “seasonally adjusted” and non-seasonally adjusted. For you serious analysts, you can go to links online to view the home price indices model. Click on the S & P/Case-Shiller April data link above. However, in the interest of time for most blog readers here is the “cliff notes” version of the April results. April 2010 was an improvement over March of 2010. Similar improvement was observed in the 10 and 20 city composites of April 2009 over April 2010. Given that April 2010 was the final month for the “homebuyer tax credit”, this was widely expected. This general home price improvement does not indicate that a robust home price recovery is currently under way. However, some intriguing details are revealed in the data from the indices.

In sifting through the data you can see that favorite places with beauty and great climate have not radically declined like some metro areas. Noteable examples are San Diego and San Francisco. These locations of beauty and great climate have continued to attract homebuyers. This contrasts with neighboring areas like Las Vegas. Las Vegas was a skyrocket performer in the recent price bubble, that is currently struggling to rebound.

Over the years, we realtor/residents of the East Tennessee Smokies saw our area grow like much of the national real estate market. However, our area never experienced insane price spikes like some areas. Smoky Mountains homes enjoy great climate and awesome natural beauty. The ease of access for over 1/2 the U.S. population is a bonus. The multiple man-made activities are a draw that amps up the area’s tourist attraction. In a time of economic uncertainty, the Smokies offer the real estate investor multiple options from houses, to rental properties. Start looking on our website to begin your search.

Here are a Few of My Current 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 >

Upscale Neighborhood-Authentic Log Cabin
This authentic log home is located in an upscale neighborhood and is in excellent condition. Bedroom/Bath on each floor for privacy as well as a large gameroom for your enjoyment.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
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Spectacular Smoky Mountain View!!
Unique opportunity to own a lot like this! Spectacular mountain and city view, with level building site.
Type: Land
Location: Gatlinburg ,Tennessee
Price: $125,000
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Tag: SMOKY MOUNTAIN REAL ESTATE