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.
The Latest State of the Market Report
Now that the month of June 2008 is history it's time to review our Smoky Mountain real estate market stats. As always please remember that Realtors will continue to report June sales well into the month of July so this is a preliminary report. The Gatlinburg/Pigeon Forge/Sevierville region saw only 104 units sold in June, making this for now the worst month in recent history for home sales here in the Sevier County and surrounding area (including parts of Knox, Jefferson, Blount, Cocke, and Hamblen counties). In fact, if the search is limited to Sevier County only the number of closed residential sales that have reported as of today is only 77 which if not revised upward significantly is absolutely dreadful.
The consequences of this poor performance are considerable for area real estate practictioners. With only 77 units reported sold during June it's not surprising that at least two real estate firms (that I know of) closed their doors forever during the month. Many real estate agents also decided not to renew their licenses and the carnage in our industry continues.
On Thursday I had the distinct displeasure of evaluating a bed and breakfast property for the bank that recently foreclosed on the site. The reason it was more unpleasant than normal was because the former owner was at the property sweeping up the garage while I was there taking pictures. We talked briefly and I found that he was also a real estate professional who had not only lost the building but has also been forced to temporarily put his real estate practice on hold due to a lack of revenue.
Although the market continues to be difficult for sellers it is a remarkable opportunity to purchase Gatlinburg area homes and other real estate. In fact, foreclosures continue to be a major part of our real estate business and I suspect that this trend will continue. If you are looking for a great real estate investment opportunity for Smoky Mountain real estate now is the time. In fact, if you think you might be interested in a great B&B property on the river convenient to Sevierville, Pigeon Forge, and Gatlinburg that will be coming to the market please let me know.
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...