Gatlinburg Real Estate Blog

In the past few days we have had offers on two nice lots by unrelated buyers. Although this isn't by any means a scientific sample, it does lend credence to the idea that our lot market is starting to come back, ever so slowly. For the first time in several years I am seeing the construction of a fair number of new homes, both residential and even vacation rental type. To be sure, the number of new vacation rental home starts is much smaller than that for residential type homes, but the fact that there are any is truly news. While there is still a sharp oversupply of lot & land listings, the tide does appear to be turning. If you want to have something truly special, take a look at this lot we just listed today that is on the west prong of the Little Pigeon River in one of the area's nicer developments, Riversong. Riversong is less than a 20 minute scenic drive from the center of Gatlinburg, but you would never know it. Located in picturesque and much quieter Pittman Center...

In the past few days we have had offers on two nice lots by unrelated buyers. Although this isn't by any means a scientific sample, it does lend credence to the idea that our lot market is starting to come back, ever so slowly. For the first time in several years I am seeing the construction of a fair number of new homes, both residential and even vacation rental type. To be sure, the number of new vacation rental home starts is much smaller than that for residential type homes, but the fact that there are any is truly news. While there is still a sharp oversupply of lot & land listings, the tide does appear to be turning. If you want to have something truly special, take a look at this lot we just listed today that is on the west prong of the Little Pigeon River in one of the area's nicer developments, Riversong. Riversong is less than a 20 minute scenic drive from the center of Gatlinburg, but you would never know it. Located in picturesque and much quieter Pittman Cent...

If there is one category of our Gatlinburg area real estate market that is currently feeling the most extreme pain it is definitely in the class of lot and land sales. With foreclosures still driving our market most builders are currently huddled in a fetal position or have already left the community for greener pastures elsewhere. Where those better prospects are I don't know but I do know that most of our Sevier County builders are parked with unsold inventory that they have more invested in than the current market will pay. Many spec homes sit idly waiting for a better market and some builders have chosen to rent their unsold homes out to at least earn some income from their investment. Builders are generally the best buyers of lots and in view of the current real estate environment the idea of starting another spec (cabin, chalet, or even primary residence) home is a very unattractive concept indeed. Last week I was asked to sell a residential lot in the Sevierville area by a l...

If there is one category of our Gatlinburg area real estate market that is currently feeling the most extreme pain it is definitely in the class of lot and land sales. With foreclosures still driving our market most builders are currently huddled in a fetal position or have already left the community for greener pastures elsewhere. Where those better prospects are I don't know but I do know that most of our Sevier County builders are parked with unsold inventory that they have more invested in than the current market will pay. Many spec homes sit idly waiting for a better market and some builders have chosen to rent their unsold homes out to at least earn some income from their investment. Builders are generally the best buyers of lots and in view of the current real estate environment the idea of starting another spec (cabin, chalet, or even primary residence) home is a very unattractive concept indeed. Last week I was asked to sell a residential lot in the Sevierville area by a l...