Realty-Smokies Team - your resource for Smoky Mountain Real Estate
including cabins, homes, & condos in Gatlinburg, Pigeon
Forge, and Sevierville!
to our website! We hope you'll find all of the information you need to begin the
road to home ownership, or to sell your property in the Smokies. If there's any
further information you need, or if you're ready to buy or sell, please don't
hesitate to contact us ... helping you achieve your goals is our specialty!
Beth, & Paul - The Realty-Smokies Team
Real Estate: 2017
first half of 2017 showed a continuation of 2016's strong regional
market, with even more price pressure due to reduced inventory:
960 residential properties sold in Sevier County - up 12%
total residential volume was $$224,024,523 - up 28%.
The average price/square foot for sold properties was $120.54,
which suggests an appreciation rate of 8.3%!
6-month moving average price, which offers an excellent overview
of market direction, is up 14.3% from this time last year:
have received numerous questions about how last year's wildfires
are affecting the area economy. Though some impact to tourism
has occurred due to concerns about conditions around Gatlinburg,
it has been modest and there are plenty of signs that visitation
levels are quickly returning to normal. This is due to the strength
of our market compared to the extent of loss:
Great Smoky Mountains National Park is the most-visited park
in the USA. It contains over half a million acres, and only
approximately 3% of that area was affected by the fires.
final tally was that approximately 2460 structures were either
damaged or destroyed. While that is a great loss, it represents
less than 7% of available rental units.
expect our market's greatest challenge will continue to be low
inventory levels, as the continued strength of our area tourist
economy and availability of affordable mortgage loans are keeping
demand strong. These factors suggest an especially opportune time
for current owners interested in selling their property.
contact us today for more information, and to discuss how
we can help you achieve your real estate goals.
have been inspired by the number of our current and former clients
who have contacted us asking how they can help the people of
our area recover from the wildfires. There are several organizations
coordinating relief efforts; two of our favorites are:
course, the best way to help our recovery is to do what you've
been doing all along: Come Visit the Smokies! Make a weekend trip
or a mid-week getaway. Spend a day at Dollywood. Browse the shops
in our downtown area. Have a delicious dinner in one of our many
excellent restaurants. Enjoy one of our world-class theater shows.
Finish your day soaking in the hot tub at your cabin. And if you
decide you should have your own place in the Smokies, please give
us a call ... we'd love to hear from you!
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