The 2010 Residential Summary For Smoky Mountain Real Estate

Winter in the Smokies

Our local Great Smoky Mountains Association of Realtors has compiled 2010’s residential sales through the end of the year.  These figures can be helpful in determining market trends.  The data can assist people in their timing for buying or selling real estate.  Yearly totals are for residential sales, which consist of; single family homes, condos, townhouses, and co-ops.  The summary takes in sales from 1/1/10 thru 12/31/10 and compares residential sales to the same time period in 2009. 

In the category of Total Residences Sold;  2010 had 1,588 sold, vs 2009 with 1,469 sold

2010 saw an increase of 119 or an 8% gain 

For the category of Total Dollar Volume Sold;  2010 had $266,748,392.00, vs 2009 with $259,545,334.00

2010 again saw an increase of $7,203,058.00 or a 3% gain 

In the category of Average Residential Price;  2010 was $167,978.00, vs 2009 with $176,682.00

2009’s average residence price was $8,704.00 higher leaving 2010 with a 5% decrease 

In the category of Active Listings;  2010 had 7,438 listings, vs 2009 with 6,818 listings

2010 led 2009 by 620 listings, or a 9% increase 

We can see from these statistics that 2010 saw increases in most categories.  Some of this may be due to a strengthening market, but caution is required.  The two years in this comparison were heavily influenced by government stimulus in the real estate market.  The results we see are not “free market” forces at work.  With this being said, there are positive factors in play.  People are selling their properties, as witnessed by the increase in active listings.  This makes a good selection of homes for sale.  Interest rates on mortgages are still quite low.  In addition, pricing is reasonable with competition coming from discounted foreclosures, and short sales.  All of these factors combine to offer both buyers and sellers, opportunities in the current market.  Our website and members of our sales team can provide you with resources to either purchase, or sell real estate in the East Tennessee Smokies.  Contact us today at 877-678-2121 to get started.

Here are a Few of My Latest  and Current Listings:

Fully Furnished & Close to Pigeon Forge
Conveniently located, just minutes to downtown Pigeon Forge and Walden’s Creek Riding Stables if you like horses. Fully furnished with beautiful decor overlooking the great mountain views. Great rental or permanent residence. Great rental income as well!
Type: Single Family Home
Location: Sevierville,TN
Price: $179,900
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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: $369,900
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Take tram to Gatlinburg from this home!
Walk to Ober Gatlinburg Ski Resort or Community Pool. Updated, private and mountain views! Great investment property or personal home!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $139,900
Get more information >

Call us today to see these listings or any others!  877-678-2121