Gatlinburg Real Estate Blog

While I do know a little about economic theory and the market from several years in the financial services industry, I am certainly no economist. I can however state that our Great Smoky Mountains real estate market has recently seen very significant improvement in the demand for our pricier residential properties. As usual, I do have a table to illustrate this new trend: Consider that in 2014, the total number of residential sales in this part of East Tennessee was almost exactly the same as the tally for 2013, but the percentage of homes sold in the upper brackets was across the board higher, and significantly so. Although we aren't in to 2015 very far, the past 365 days shows an even further improvement over calendar 2014. Our Sevier County area will always have many more low priced home sales than it will transactions in the upper brackets, but the mix is certainly improving. Note that the number of really expensive (for our market) homes sold has very nearly doubled since 201...

While I do know a little about economic theory and the market from several years in the financial services industry, I am certainly no economist. I can however state that our Great Smoky Mountains real estate market has recently seen very significant improvement in the demand for our pricier residential properties. As usual, I do have a table to illustrate this new trend: Consider that in 2014, the total number of residential sales in this part of East Tennessee was almost exactly the same as the tally for 2013, but the percentage of homes sold in the upper brackets was across the board higher, and significantly so. Although we aren't in to 2015 very far, the past 365 days shows an even further improvement over calendar 2014. Our Sevier County area will always have many more low priced home sales than it will transactions in the upper brackets, but the mix is certainly improving. Note that the number of really expensive (for our market) homes sold has very nearly doubled s...