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.
Smoky Mountain Real Estate Winning Streak at Risk?
Every month without fail since the beginning of this year, our Gatlinburg area real estate market has been scoring very impressive increases over the same month a year ago in the number of residential real estate transactions closed. This eight month long winning streak is now definitely at risk, with September's weak results of only 136 completed residential sales as reported by the Great Smoky Mountain Association of Realtors. Only January's very weak tally was lower than what we have recorded so far for September. Part of the challenge is that we are comparing to a relatively strong year ago month when 159 homes were sold by the real estate agents of Gatlinburg, Pigeon Forge, Sevierville, Kodak, Seymour, and Cosby Tennessee. Here is the latest information in table form:
When comparing the second best month of last year to the second worst month of this year, it is not a surprise that the result is, at least for now, a negative. As always, I expect to see several more sales reported late by local Realtors but the fact is that we may not bridge this sizable gap. The good news is that we will easily surpass 2011's total sales next month, and 2012's total should be significantly above 2011. Still, I hate to see a great winning streak come to an end...
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...