September Ends Rather Quietly in the Tennessee Smokies Real Estate Market

Gatlinburg area residential real estate sales as reported by the Great Smoky Mountain Association of Realtors for the month of September totaled only 107 units.  As we always remind readers, this is only the initial count which is always significantly revised upward.  September 2010 residential total sales however appear unlikely to reach last September's count of 139.  This means that we will for the third consecutive month fail to meet last year's tally.  Prior to this short losing streak Gatlinburg/Pigeon Forge/Sevierville area sales had totaled more than the year ago values for 12 consecutive months.  August's initial count as we reported here was 114 but now stands at 132.   I expect a similar percentage increase this month making my forecast for the final total for September 2010 home sales at around 125 units.  If my forecast is correct, that would mean a 10% drop from last year's tally.  On a more positive note, the overall total for 2010 sales now appears likely to surpass 2009's number, barring a total falling off of the cliff during the fourth quarter.  Here's the table:
For a clearer look at the table, please click here.

Comments

Post a Comment

Popular posts from this blog

Everything You Always Wanted to Know about Smoky Mountain Water Wells but were Afraid to Ask!

Unlike more urban communities, many Smoky Mountain homes still have water supplied by individual underground wells. The fact is that only a relatively small (but ever growing) portion of our area is served by municipal utility water. This is rarely a problem as wells here in the Gatlinburg and surrounding area usually produce clear and good tasting water for significantly less cost than utility water once the one-time expense of drilling the well is covered. In fact, while there are certainly exceptions, our area is known for exceptionally clean and good tasting well water. More than one brand of bottled water is actually drawn from underground sources right here in the Smokies. What can go wrong you ask? Unfortunately, plenty! In those relatively rare cases where a well’s iron or sulfur content causes the water to be unsuitable, a water filtration system can generally be installed to remedy the situation. Water filtration can be as basic as a very inexpensive cotton string filter th
Read more

Comments Please!

I have had this blog since 2003 but didn't really get serious about regularly writing here until the beginning of 2007. I do truly enjoy the opportunity to share my thoughts about our local Gatlinburg area real estate market including the surrounding communities of Pigeon Forge, Sevierville, Seymour, Kodak, and Cosby. The only problem with writing any type of blog is that you really aren't sure just how many people are reading much less care about what you are pontificating about. If you are reading this blog, regularly or for the very first time, PLEASE comment me. It's easy, painless, and won't leave any sort of mark. In fact, you can even remain totally anonymous but yet let me know that you are out there. Like the age old question of "If a tree falls in the forest with nobody there to hear, does it make a noise?", a blog writer could wonder "If I write something meaningful but nobody reads it, does it matter?". If you like, you can even tel
Read more

Comments Please!!

Just wondering how many folks are out there reading this Gatlinburg real estate blog.  Please comment with your home town - You can even stay anonymous if you wish. If you want, tell me more about yourself (if you already own property in Sevier County or are just considering doing so, what you would like me to write about in the future, etc.).  Thanks in advance for your comments, whatever they might be!!
Read more