Gatlinburg Real Estate Blog

Hate to say it, but "Good Riddance June!!", at least as far as the Gatlinburg real estate business is concerned.  June started out pretty good for our office but several transactions have been delayed and others have disappeared, at least for now.  The old saying seems to be coming true again: "In order to get a bank loan, you first must prove that you don't really need it!"...  People who have in the past borrowed money with no problem have had nothing but problems borrowing in our current environment.  Once again, cash is king! For other agencies in the Gatlinburg real estate market, June wasn't such an easy month either.  In fact, among all of the active agents in our market, a total of only 95 residential units have been reported as sold (although this number will certainly increase as agencies get around to reporting their June sales).  This compares negatively with last month in which there are now 124 residential sales being reported and with June 20...

Hate to say it, but "Good Riddance June!!", at least as far as the Gatlinburg real estate business is concerned.  June started out pretty good for our office but several transactions have been delayed and others have disappeared, at least for now.  The old saying seems to be coming true again: "In order to get a bank loan, you first must prove that you don't really need it!"...  People who have in the past borrowed money with no problem have had nothing but problems borrowing in our current environment.  Once again, cash is king! For other agencies in the Gatlinburg real estate market, June wasn't such an easy month either.  In fact, among all of the active agents in our market, a total of only 95 residential units have been reported as sold (although this number will certainly increase as agencies get around to reporting their June sales).  This compares negatively with last month in which there are now 124 residential sales being reported and with June 20...

August has ended and the early results indicate that we will again fail to reach last year's totals.  Though we will likely not finish as far below August 2009's tally as we did in July, it appears that Smoky Mountain residential sales will again fall short of last year's total.  The early total for the month's Gatlinburg area residential sales is 114 but we will certainly see several more August sales posted and won't have a final number for ten days to as long as two weeks.  The final number will likely be between 125 and 130 but would have to build all the way to 137 to surpass last year's total and that just isn't likely. With difficult comparisons for the remaining months of the year I suspect that we will fail to beat 2009's numbers for the balance of the year.  I am however quite certain that 2010's total sales will surpass those of 2009 because of the large lead we built during the first half of the year.  Here is the preliminary chart of re...

August has ended and the early results indicate that we will again fail to reach last year's totals.  Though we will likely not finish as far below August 2009's tally as we did in July, it appears that Smoky Mountain residential sales will again fall short of last year's total.  The early total for the month's Gatlinburg area residential sales is 114 but we will certainly see several more August sales posted and won't have a final number for ten days to as long as two weeks.  The final number will likely be between 125 and 130 but would have to build all the way to 137 to surpass last year's total and that just isn't likely. With difficult comparisons for the remaining months of the year I suspect that we will fail to beat 2009's numbers for the balance of the year.  I am however quite certain that 2010's total sales will surpass those of 2009 because of the large lead we built during the first half of the year.  Here is the preliminary chart of ...

Although our Gatlinburg area real estate market (like most areas around the country) continues to struggle, there are occasional signs of life returning.  One of these is the fact that in my average sized (138 lots total) residential subdivision in Sevierville, there are currently 4 brand new construction starts.  These are all being built by different entities and are all unrelated owners so this is not just one person's enthusiasm.  While I'm not sure yet just how many of these are spec homes versus custom construction this is without a doubt a good sign. A second positive indicator is that our supply of homes currently on the market continues to decline. As of today, there have been a total of 1189 residential sales in Sevier County during the past 12 months versus the 2905 residential properties currently offered for sale.  This combination equals a 2.44 year supply which although still high is significantly down from the numbers we were seeing a year a...

Although our Gatlinburg area real estate market (like most areas around the country) continues to struggle, there are occasional signs of life returning.  One of these is the fact that in my average sized (138 lots total) residential subdivision in Sevierville, there are currently 4 brand new construction starts.  These are all being built by different entities and are all unrelated owners so this is not just one person's enthusiasm.  While I'm not sure yet just how many of these are spec homes versus custom construction this is without a doubt a good sign. A second positive indicator is that our supply of homes currently on the market continues to decline. As of today, there have been a total of 1189 residential sales in Sevier County during the past 12 months versus the 2905 residential properties currently offered for sale.  This combination equals a 2.44 year supply which although still high is significantly down from the numbers we were seeing a year...

The initial results for April's residential sales as reported by our Great Smoky Mountain Association of Realtors are in and the preliminary number is 92. While the final number will likely end up around 100 or better after all of the dust settles this still isn't really good news when compared to previous year's April residential sales for our Gatlinburg/Pigeon Forge/Sevierville and surrounding area market. For those of you who are keeping track here is the latest grid showing monthly residential units sold: A link to a more legible version can be obtained by clicking on the chart above. By the way the number of real estate sales currently reported in Sevier County for the month of April was only 73 but again, this number will also increase during the next few days as all sales are reported. For more complete numbers check back with us a week from now by which time most agencies will have gotten around to posting their April 2009 residential real estate sales. As to what i...

The initial results for April's residential sales as reported by our Great Smoky Mountain Association of Realtors are in and the preliminary number is 92. While the final number will likely end up around 100 or better after all of the dust settles this still isn't really good news when compared to previous year's April residential sales for our Gatlinburg/Pigeon Forge/Sevierville and surrounding area market. For those of you who are keeping track here is the latest grid showing monthly residential units sold: A link to a more legible version can be obtained by clicking on the chart above. By the way the number of real estate sales currently reported in Sevier County for the month of April was only 73 but again, this number will also increase during the next few days as all sales are reported. For more complete numbers check back with us a week from now by which time most agencies will have gotten around to posting their April 2009 residential real estate sales. As to what i...