Complete real estate information about the Gatlinburg area real estate market and everything related to it including Pigeon Forge and Sevierville as well as the rest of Sevier County and our Great Smoky Mountain National Park area. Current market statistics and new listings including foreclosures are also highlighted here.
Signs of Life!
A recent review of the Gatlinburg area real estate market for one bedroom second homes shows a very interesting stat. There is definitely still a huge oversupply of one bedroom homes available for sale (142 not counting condominium units). While only a comparatively small number of sales have been closed year to date (16, again not counting condo units) the interesting fact is that nearly half (7 to be exact) of the sales have been within the last 30 days. Although one month does not a trend make it certainly can be said that this particular segment of our Gatlinburg area real estate market has picked up dramatically since the end of April.
The pickup is not yet widespread and this can be seen clearly when one considers other segments of our market. For instance, the market for 4 bedroom, 4 or 5 bath log homes in the Pigeon Forge, Wears Valley, Bluff Mountain area of our county is still dreary. While there are 46 of these large homes for sale currently only 6 have been sold in the last 6 months and no sales have been reported by our MLS in the past 30 days.
The strongest part of our market continues to be entry level residences in Sevierville where it is difficult to find any sort of quality 3 bedroom, 2 bath home for under $125,000. Smaller homes in the Sevierville and Seymour areas continue to sell very well as 6 of the 15 available homes in this category are currently shown as pending sales.
For a current review of our overall market by month (but unfortunately not yet by area) please see my statistical summary available by clicking here. If you are looking for professional real estate services to either purchase or sell real estate in the Tennessee Smoky Mountains area (Gatlinburg/Pigeon Forge/Sevierville and surrounding areas) please contact us.
Every once in a while, an opportunity arises that we just can't pass up and this fantastic log sided home certainly fell into this category. Private, without another home anywhere in sight, this 3-bedroom, 3-bath house with 3 master suites is located in the coveted Pittman Center area and is perfect as either a residence or a vacation home.
This stunning property features over 280 feet of pristine riverfront on the beautiful cascading white water of the Little Pigeon River and this is no postage stamp sized lot either. It is actually a huge parcel of just under 4 acres. From either of the full length decks, you can view & listen to the beautiful rushing river below. Inside, there is also plenty of room to spread out, with over 3,000 square feet of heated & cooled living space, with large rooms and lots of glass.
Should you ever become tired of being alone, Dollywood is less than 20 minutes away but you would never know it from how perfectly peaceful this location is:
We have recently listed 4 otherwise unrelated Smoky Mountain true luxury properties in Sevier County and these estates are absolutely breathtaking. Whether you are looking for an incredible view from a huge mountain side home overlooking Gatlinburg, a spectacular 100+ acre horse farm estate in the Wears Valley area of Sevierville, the landmark Gatlinburg Castle, or just desire your own massive pristine property surrounded by the State and National Forests, we can satisfy your urge to own an undoubtedly unique Smoky Mountain estate. Click on the caption under each of the pictures below to be directed to a full description of these remarkable Gatlinburg area estate properties.
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...