Gatlinburg Real Estate Market Showing Signs of Improvement
In fact, starter level and residential rental home sales are even more robust with a supply of only 493 when looking at single family homes at or under $125,000. When compared to the 846 sales during the past 12 months of this same category home, a supply of only 7 months is calculated. That's much different when compared to residences priced over $300,000 where there is currently a supply of 522 homes for sale but there have only been 112 sales during the past year. This indicates an inventory equal to over 4 years. Clearly, the Smoky Mountain real estate market for higher priced homes is still very soft.
With over 150 sales in 2012, I have been successful in both ranges and am very grateful for my staff and our clients. If you are looking for a great real estate team, contact us, the Schoenfield team!!