The first month of 2013 has started with positive numbers and great news. As we look at the statistical numbers we see a whirlwind of activity and gains toward improvement that are bigger than we have seen in quite some time. Let’s take a look.
In the category of Total Residences Sold we have started 2013 with an overall increase of 8%. January is typically a busy month in the area for real estate but we see a trend towards increased buyer activity from recent years.
Total Volume of real estate sold in the area was also up with an increase over the same period last year of over $1,000,000 or 8%.
Prices have actually remained nearly even with last year. The numbers show only a $707 difference in the Average Sold Price. This is very positive news for sellers.
Inventory of available homes has dropped by 10%. As buyers are more active and the above numbers improve we expect to see this number continue to decrease helping prices to remain even and start to rise.
As supply and demand continue to balance out we believe now is the time to consider a Smoky Mountain Purchase. Take a look at our website to view all of the available homes and get started on the road to making a great investment. We are here to help when the time is right for you.
Here Are A Few Of My Featured Listings:
|87 Gently Rolling Acres Await 87 gently rolling mountain top acres with outstanding 270 degree uninterrupted panoramic views of the major peaks of the Great Smoky Mountains National Park including Mt. Cameror, Geyot, Webb, Greenbriar, and LeConte. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $1,750,000 Get more information >|
|Relax By The Water Waterfront living at its finest on 7.92 acres with 365′ fronting the Holston River in Grainger County! Offering a custom home featuring many updates, privacy, scenic views, wildlife, private boat ramp & more! Type: Single Family Home Location: Grainger County Price: $667,000 Get more information >|
|12 Acre Mountain Retreat 12 pristine acres bordering the Great Smoky Mountains National Park with direct view of downtown Gatlinburg and surrounding mountains. Cove Mountain Trail literally touches the property line. Type: Single Family Home Location: Chalet Village Price: $799,900 Get more information >|