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.
Better Late Than Never!!
Because of multiple members of our family being hospitalized recently, I have been preoccupied for the past couple of weeks and not able to post to this blog. Things are now starting to settle down and hopefully I will be fully back at work on Monday. Despite my being idle for the past couple of weeks, my excellent team did close several transactions during April. In fact, April was an excellent month for Sevier County residential real estate as you can see from the table below:
If you consider that 2015 was the best year since all the way back to 2006, it is extremely impressive that year to date 2016 is almost 100 units above the tally from 2015. I expect that 2016, barring something really odd, will handily beat 2015 and we may even get back to the record setting levels of 2005, when the real estate bubble was fully inflated. Despite the upturn, most experts do not think that our market nationally is in bubble territory. In fact, some of the most astute market analysts feel just the opposite, as my friend Linda DeVlieg posted on her blog recently. If you aren't already a homeowner, it's time to get onboard!
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...