Realty-Smokies Team - your resource for Smoky Mountain Real Estate
homes, cabins, & 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, & Debbie - The Realty-Smokies Team
Real Estate: 2016 in Review
finished 2016 with homes selling at a brisk with stable prices.
Here are the final 2016 numbers:
1760 residential properties sold in Sevier County - up 15.6%
total residential volume was $367,883,105 - up 25.3%.
The average price/square foot for sold properties was $113.19,
which suggests an appreciation rate of 9.16%!
6-month moving average price, which offers an excellent overview
of market direction, is up 12.2% from this time last year:
have received numerous questions about how we expect the recent
wildfires to affect 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
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.
current tally is that approximately 2460 structures were either
damaged or destroyed. While that is a great loss, it represents
less than 7% of available rental units.
indicators suggest our market will continue to be healthy into
2017, supported by the continued strength of our area tourist
economy and availability of affordable mortgage loans. These factors
suggest an opportune time for both buyers and sellers to pursue
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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