Spec Cabin Construction Returns to Gatlinburg, & is SOLD!!

The above photo is something that I haven't seen in our Gatlinburg area for quite a long time! Yesterday as I was driving toward another new listing we are receiving, I came upon this new construction start in the Sky Harbor community between Pigeon Forge and Gatlinburg. In a very popular area for Smoky Mountain vacation homes and overnight rental cabins, this log cabin home doesn't look like much yet as it was just started. A speculative construction project (meaning that it is NOT a custom built home being constructed for a buyer who has already committed to purchase the completed home), this property is being built for whomever would like to own a log cabin here in the Smokies. Interestingly enough, the builder agreed just the day before yesterday to sell it to a passerby so this new barely out of the ground home is now SOLD, even though it isn't anywhere near completion and doesn't even have a for sale sign in place!

Although everyone knows that we built too many vacation homes in the Smoky Mountains, this home sold because it will have an excellent view, is in a good location for rental, and was priced competitively. The fact that this spec construction vacation home is already sold is a very good thing for our Gatlinburg area real estate community. Many of our jobs in Sevier County are of the construction type and those folks have been hurting for a long time. Furthermore, sold spec homes mean that the area's unsold inventory is continuing to shrink and that is a very good thing. Prices have started upward and builders can now compete with the existing inventory of homes and still make a profit. All in all, this is great news for sellers, builders, subcontractors, and even real estate agents. The only person who won't benefit is the buyer who doesn't buy before prices start upward in a more serious fashion. I anticipate that this won't take very long based on the continuing increase in the pace of sales.

To find your own Smoky Mountain getaway home before these bargain prices are entirely gone, please contact us!

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