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The
Realty-Smokies Team - your resource for Smoky Mountain Real Estate |
Smokies Real Estate TrendsThe first quarter of 2012 has brought a welcome surge of activity to our regional market. We have seen increases in inquiries and contracts along with a slight reduction in supply. There are multiple factors at play here, including attractive prices, exceptionally low interest rates, increased consumer confidence, and the continued health of our area tourist economy. At this time distressed properties represent approximately 9.6 percent of our market inventory. About 1/3 of these are short sales, though we expect that percentage will rise this year due to increased Lender participation in foreclosure prevention programs. We invite you to contact us to be placed on our Priority List - you'll receive email updates on any new or changed listings of distressed properties. It's our way of putting you at "the front of the line" for some excellent deals. This doesn't mean that distressed properties are always the best deals. Most of our Sellers and Listing Agents are now pricing their properties to the new market reality, so we're seeing some excellent deals on standard arms-length transactions. Visit our Buying Page for more information, our Search Page to start browsing all available listings, the Features Page for select properties, or call us today for personalized assistance to find your home in the Great Smoky Mountains.
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