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.
As January Goes, So Goes the Year?
I Certainly Hope NOT!!
There is a saying in the financial services industry (in which I used to be involved many years ago) that says that the stock market's performance in January sets the pace for the entire year. With the worst January performance by the US stock markets EVER (down over 8.5% for the month of January for both the S&P 500 and Dow Industrials indexes) it is a pretty good bet that the market will in fact be down for the year. Historically more than 70% of the time the ultimate direction of the market for the entire year is the same that it pursues during January. Since the small portion of our own retirement account that is not invested in Gatlinburg area real estate got hit pretty hard during January (again) I'm not feeling real optimistic about the balance of the year right now for that portion of our savings.
In contrast, our real estate investments have done pretty well overall during the past year. Since the value of Smoky Mountain real estate is not quoted in the newspaper daily it is a little harder to get a value on over a short period of time than that of the stock indexes. I do feel quite certain that with the enormous amount of borrowing the federal government is doing to try and create an economic stimulus (not a fan!) the ultimate outcome will be a return of inflation and that is good news for real asset type investments. Since gold and other precious metals are way above the level they were a couple of years ago it looks to me like investing in Sevier County real estate makes a lot of sense right now.
It is still possible to purchase rental real estate in the Gatlinburg/Pigeon Forge/Sevierville area that will produce a 10% return on investment if you are patient. A 10% gross return can cover our area's moderate insurance and exceedingly low taxes and still be a very attractive investment. With the likelihood that we will see serious inflation eventually, investing in real estate while it is historically cheap sounds like an attractive alternative. If you would like to learn about homes that can be purchased for less than 10 times their lease income 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...