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.
Looking for Listings!
Our market is severely lacking affordable residential real estate listings. In fact, the under $200,000 segment of our Sevier County residential market has very few suitable properties available for sale. For example, if you are searching for a 3 bedroom (or more), 2 bathroom (or more) home with at least 1500 square feet of finished space, for under $200,000 there are only 36 total listings available in Sevier County that match these specs. Furthermore, the median asking price of these listings is over $186,000. There just isn't much available and this is one major reason why sales have slowed. There just isn't enough inventory available for buyers to consider. My, how the market has changed compared to a few years ago when it was such a buyer's market!
If you are even thinking of selling, now is a great time to list your property. Please let us know if you would like to chat about what your property can bring in today's market!
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:
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.
Just after midnight, VERY early this morning, we received a price from Fannie Mae on this 3 bedroom, 2 bath Sevierville cabin property. Due to Fannie Mae's First Look policy, we cannot enter any offers for 3 days but on Friday, we will be able to submit offers for prospective occupants. Investors will re required to wait a total of 3 weeks before they can submit offers. For more details, please click here to view the brand new MLS entry. Here are some photos of our very attractive Gatlinburg area listing: