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Walk to the National Park from this Affordable Getaway Home!

Attention all bargain hunters! This charming Cosby home features everything that you want (and just as importantly none of what you don't want like HOA fees or pesky neighbors!) and is literally just steps away from the National Park. Located just 15 minutes from Gatlinburg, this cabin is perfect for someone who wants to get away from it all. Surrounded by beautiful ferns and rhododendron, owning this home is like owning a piece of the National Park with room to sleep 6 easily but it is much better suited as an intimate retreat for a smaller group to enjoy. If you want to enjoy the Great Smoky Mountain National Park, you can walk right in (or drive if prefer but it is only tenths of a mile away). The pictures below don't really do this home justice, you will need to see it for yourself.

Sales Down But We're Still Busy!

I have often said that we sometimes get too busy to post and that has certainly been the case of late but this is ridiculous! Can't remember ever going this long between posts but there is a LOT going on. We are pursuing an additional business (self storage mini-warehouse spaces), have secured a wonderful new office in Sevierville, adding lots of new properties to our rental management division, and still maintaining a busy pace in our core real estate business. Makes me tired just to sum it up!

Since I failed to post anything at the end of May, let me cover that first. May wasn't great for the majority of real estate agencies here in the Gatlinburg area. In fact, for the first time in over a year, we didn't exceed the reported residential sales from a year ago and the same lackluster performance was repeated in May when compared to the white hot market of a year ago. While there will no doubt be more sales reported for May, the numbers aren't great. Here are the resul…

The Most Financially Responsible Person I Have EVER Met!

After working as a real estate professional for over 20 years, I have been blessed to have sold well over 1,000 homes and have worked with hundreds of clients. None of this prepared me for the client that purchased a Sevierville home from me on Friday. Danielle is a young lady only 26 years of age, but financially speaking she is much wiser than 99% of American adults of any age. You see, this is the second home that she has purchased, and she has already paid off the mortgage on the first home that she bought only 6 years ago. You might think that she earns a ton of money or that she inherited a large sum, or maybe even think that she won the lottery but none of these is true. She has managed to have zero debt, holds $30,000 plus of cash reserves, and has purchased her second house purely because of how frugal she is. She simply doesn't waste money, for anything!

After spending time with Danielle, I am convinced that she could teach a LOT of people a great deal. Things like not s…

No Foolin, March Sales ROCK!!!

This is no April Fools joke, the pace of sales for Gatlinburg area residential real estate is smoking hot! As we always remind readers, the immediate tally of sales that is reported at the end of the month is understated by at least 5-10% compared to what will eventually be reported as it takes several days for all of the closings at the end of the month to be recorded. For March however, even this preliminary number is already well above all recent March's sales and we don't even have all the results reported yet. Our own office had some sales on Friday afternoon that weren't entered into the MLS until today.

The very strong performance is somewhat surprising, when you remember that over 2500 structures were destroyed in November's fires. Still, overall the number is up and the final tally will certainly be higher. Here is the table of results as of 4/1/2017:

Too Busy to Post, Again!!!

This post is late because we are absolutely slammed. For the second month in a row, Gatlinburg area real estate sales have set a monthly record and the hot market shows no signs of cooling yet. Going all the way back to the peak of the market in 2005/2006, we have NEVER had a better February than we had in 2017. Same is true for January of 2017. Even the horrendous wildfires of November 2016 haven't slowed the pace of Smoky Mountain real estate sales. Although last year's start was pretty good (better than any previous January & February all the way back to 2006), 2017 is a full 17% ahead of last year's tally. Prices are moving up too - It's amazing what $125,000 won't now buy in Sevier County. Here are the stunningly strong numbers:
The market is strongest at the bottom end, but even the expensive houses are selling well too and there just isn't much supply. From Sevierville to Cosby, including all points in between, Sevier County real estate is rocking. I…

January Rocks!!!

Gatlinburg area sales rocketed past January 2016's tally and we haven't even got all of the sales reported yet. Because this is only the preliminary total, we could rocket past 2006's red-hot all time record of 210 sales. Here is the initial report of January 2017's blistering sales pace for Smoky Mountain residential real estate sales:
Because of some MLS data errors, January's average sales price is not shown on the report above, but hopefully will be soon...

2016 DID Finish VERY Well!!

As expected, December 2016's Gatlinburg area residential sales recorded during the year were the best since all the way back to the very strong year of 2006. Although still falling short of the all time record of 2,970 Smoky Mountain units set in 2005, 2016 was the best year for Tennessee Smoky Mountain real estate since 2005. The table below has been updated with the latest information:
Note that the average sale price jumped sharply during 2016 as well. The full impact of last year's horrendous fires is still unknown so it will be very interesting to see how strong January 2017's sales are.