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cabin foreclosures: Cabin Foreclosures in the Gatlinburg and Pigeon Forge Area - 02/04/09 12:11 AM
The real estate market in Sevier County has unquestionably been impacted by foreclosures and short sales of cabins. A large portion of the cabin sales, approximately 40%, have been either foreclosures or short sales. Among these foreclosures many were purchased at what I would consider bargains and some others were more along the lines of a typical selling price. It is vitally important to ensure the cabin is appropriately priced for a foreclosure before making an offer. I have seen some foreclosure cabins that are priced no more competitive than regular sales, yet have sold quickly on the market. I think … (5 comments)

cabin foreclosures: Smoky Mountain April MLS Report - 05/15/08 10:32 PM
About one month ago I blogged about the number of new listings on the market in comparison to sold properties. The statistics from March 6th to the previous 30 days indicated there were 902 new listings and 152 properties sold. A month later, the numbers show a similar trend with slightly fewer new listings on the market, but less real estate sold as well.
The ratio of new listings to sold one month ago was about 5.67. This month the ratio takes a slight turn for the worse at 6.58. This creates a very attractive market for buyers with the surplus … (0 comments)