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 >