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.
Gatlinburg Real Estate Short Sales ARE Now Sometimes Worth the Effort
For several years I have avoided short sales like the plague because they were rife with problems. All too often we would work diligently to find a prospective buyer only to be delayed for months by the lengthy and difficult process of trying to get the seller's lender to accept a payoff of less than what the lender was owed. In fact, until recently there was nothing short about short sales when it came to the typical elapsed time from contract to closing. In one extreme case we had a couple of years ago the buyer's offer was in negotiation for several months until the property was foreclosed on anyway by the seller's intransigent lender. Fortunately, this is now changing and short sales no longer have to be a long headache for all of the participants.
Because of the sharp drop in value from the lofty heights we reached during the real estate bubble, many sellers are finding that their homes are worth (sometimes substantially) less than their outstanding mortgage balance. Although I previously felt that there wasn't anything much that I could do to assist these sellers, the short sale option now shows much more promise. In fact, 66 of the 566 residential sales that have closed during 2011 were listed as short sales. Here is a list of completed short sales that have been closed during 2011 by Gatlinburg area real estate agents and if you want to view the individual details of these properties please click here.
IF on the other hand you are interested in short sale opportunities that are still available please click this link. Although it is an extremely challenging time to sell, it is a wonderful time to buy. Don't wait until this period passes and then wish you had chosen to invest - What else besides real estate are you aware of that is selling for as much or even less than it did 10 years ago???
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...