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.
Great Foreclosure Bargain Cabin
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:
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:
This post is late because we are absolutely slammed. For the second month in a row, Gatlinburg area real estate sales have set a monthly record and the hot market shows no signs of cooling yet. Going all the way back to the peak of the market in 2005/2006, we have NEVER had a better February than we had in 2017. Same is true for January of 2017. Even the horrendous wildfires of November 2016 haven't slowed the pace of Smoky Mountain real estate sales. Although last year's start was pretty good (better than any previous January & February all the way back to 2006), 2017 is a full 17% ahead of last year's tally. Prices are moving up too - It's amazing what $125,000 won't now buy in Sevier County. Here are the stunningly strong numbers:
The market is strongest at the bottom end, but even the expensive houses are selling well too and there just isn't much supply. From Sevierville to Cosby, including all points in between, Sevier County real estate is rocking. I…
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...