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.
April Smoky Mountain Residential Sales Disappoint
April's closed residential transactions as reported by the Great Smoky Mountain Association of Realtors MLS database tallied only 117, at least as of right now. As always, there will certainly be late reports of closings and I expect that the final tally will probably be closer to 130. This would at least surpass April 2011's sales but not by much and nowhere near match the very strong total of 151 homes sold during April 2010. The strong performance back in April 2010 was caused by the end of the federal government's first time home buyer tax credit incentive. Furthermore, April 2012's lackluster performance will likely not be better than the numbers from 2008-2010 as all of the 2012 first quarter's results were. For folks who (like me) generally prefer to see data in table form, here is the latest:
Check back in a few days to see if the revised April 2012 number does in fact exceed 2011's 123 homes sold - I'm betting it will!!
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.
Last month, I expressed some concern that our 2012 winning streak for Smoky Mountain residential real estate sales was going to be broken. Unlike the first 8 months of the 2012, September's results did NOT exceed those of September 2011. I also reminded readers that one month does not a trend make and that we would need to wait a couple of months to get a clearer indication of where our Gatlinburg area real estate market was headed. That caution turns out to be quite well thought because the latest residential sales results for our Gatlinburg area real estate market seem to be much better, with the early results already being better than most recent year's October results. Here is my preliminary table showing the good news:
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...