smoky mountain real estate: Smoky Mountain Land Sales (From December 6, 2008) - 01/17/09 11:14 PM
Recent land sales in Sevier County have been sluggish to say the least. No matter the area - Gatlinburg, Pigeon Forge, Wears Valley, Sevierville, or any other area of Sevier County sales have been few and far between. There is an abundance of land on the market, but very few buyers willing to pony up the cash to invest in land. Normally this would create a situation where there is a buyers market and driving down prices. Although prices of land within the MLS have lowered, they are nowhere near in proportion to cabin and residential homes.
My speculation for the … (0 comments)
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smoky mountain real estate: Current Real Estate & Rental Market Conditions - 09/30/08 01:39 AM
I have received several questions from clients regarding the current state of the real estate and rental market here in the Smokies. I thought I would post my analysis for all to see regarding the Sevier County area real estate market, foreclosures, and the impact of the "real estate/mortgage bubble" on the local rental management companies. Below is my sometimes critical and as straight forward as possible analysis of the market.
The overnight cabin rental business realized a decrease in business during the early summer months (compared to the same time frame in previous years) when gas prices spiked to around the … (0 comments)
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smoky mountain real estate: 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)
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smoky mountain real estate: Thunder Mountain - Wears Valley Cabin Community near Pigeon Forge - 09/16/07 02:32 AM
Thunder Mountain is a new development nestled in the peaceful “Little Cove” area of the Great Smoky Mountains. The development offers stunning views of Mt. LeConte, Cove Mountain, Bluff Mountain, and the surrounding mountain ranges well into the Smoky Mountain National Park. Its location is very convenient to the Parkway - only 3.3 miles from light #6 on the Parkway in Pigeon Forge and 4.9 miles from light #10 in Pigeon Forge adjacent to the Gatlinburg Spur. The spectacular setting of 400 acres is divided into 270 generously sized mountain estate homesites. Infrastructure is excellent as it provides wide paved roads, … (4 comments)
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