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 Limbo Dancer Slithers Even Lower for a New Record
With February '09 now in the books, at least preliminarily so, November's record low 65 residential Gatlinburg area residential real estate sales count looks as if it will be eclipsed by an even sadder number. Although all sales won't be reported for several days the count, as of this morning the total number of residential sales made by all of the members of the Great Smoky Mountain Association of Realtors during February was only 52. My estimate is that the final number when all sales are tallied will likely be around 60 or so. I know of at least one sale that I made that hasn't been entered into the system by the listing agent so I can say with certainty that we will have at least 53 total sales. I'm not certain what the latest count of agents in our board is but the number last time I heard was about 500. When only 60 sales are posted by the nearly 500 Smoky Mountain real estate agents in our board a LOT of agents went without a sale. In fact, since a few of us had more than one sale in February, the vast majority of the agents in our community failed to register a single sale during the month. Hopefully we've seen the worst but that was what I said after November's anemic results. Sadly I'm now reduced to hoping for something as positive as last fall's then thought to be sorry sales counts.
The full chart is available for those who love to watch a train wreck:
On a brighter note, there are exceptional bargains on both residences and rental cabins with the banks pricing their properties to sell. We just got the order to reduce this Sevierville starter home to a price of only $85,000 but we haven't gotten the MLS record updated yet. If you are looking for a starter home you can get the $8,000 tax credit AND get a great price on this or one of our other well priced properties.
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...