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.
August Smoky Mountain Sales Rocket Past 2015's Tally!!
WAY late in reporting this but that doesn't change the fact that these numbers for Gatlinburg area real estate residential sales are outstanding! Don't take my word for it, here is the table:
While the percentage gain isn't all that impressive, we are using the best month of the past year as the base, which was, when it came out a year ago, the highest value reported for a single month in the previous 10 years. Certainly no easy comparison here.
Another sign of the current strength of our market is that we are over 200 units ahead of our pace from a year ago which was the best year since 2006. Given our current pace, it looks to me like we may exceed the lofty levels from 2006 which haven't been seen in a decade.
And that's not all!! The average price of all of the sales recorded during 2016 is over $190,000 and that average price level hasn't been reported since 2008. Prices always follow volume and it looks to me like we are likely to see further increases in both volume and our average sales price.
Finally, the market's internals continue to be good. Average days on market is continuing to shrink and the available inventory is getting tighter. While there are no guarantees that the market will continue to improve, the fundamentals are certainly positive. Now if our US government and the world's economic status hold up, we should finish 2016 sharply ahead of last year's record pace!
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...