A look at the Smoky Mountain real estate statistics shows a market that continues to improve. Today the National Association of REALTORS stated that 83% of agents are reporting constant or rising prices and we see the same trend in the Sevier County area. There are still concerns that event though mortgage rates remain low lending restrictions are too tight and holding back a speedier market recovery. Let’s see what the numbers have to say.
In the category of Total Residences Sold we do see a decline from the same period in 2012 with 58 less homes being sold.
Even though the number of homes sold decreased we see a much smaller decline in the Total Dollar Volume of homes sold through March.
Prices continue a steady climb with a 12% increase over last year. This relates directly to the smaller decrease in total volume vs. number of homes sold. Home buyers who are in the market are ready, willing and able to purchase at this time.
Inventory is also decreasing with a decline of 8% from last year. This will continue to push the prices higher and help with the balancing of the market.
As the market improves now is the time to start your search for a Smoky Mountain home. Have you had a chance to try out our new home search website? If you had an account on the old site you will have received an email with new log in instructions. Never searched on our site before? Give it a try and let us know what you think. We hope you love all of the new features!
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Beautiful Get Away Cabin Produced right at $16,000 in rental income for 2011. Tidy and cute one bedroom honeymoon cabin all on one level. Type: Single Family Home Location: Pigeon Forge Price: $99,900 Get more information > |
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Rustic Charm On 6 Acres!! Charming vintage log cabin updated with modern conveniences but with old time charm sitting on 6 beautiful wooded acres. Type: Single Family Home Location: Pittman Center Price: $174,900 Get more information > |
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Possible Owner Financing Owner Financing available with 20% down, 6% interest, 30 year amortization, 5 yr. balloon, no fees. Just 1 mi. from Ober Gatlinburg is where you will find this super affordable condo. In a resort like community you will enjoy all of the best amenities. Type: Condo Location: Gatlinburg ,Tennessee Price: $75,000 Get more information > |