Seymour TN Real Estate Market Conditions

By
Real Estate Agent with Prime Mountain Properties

The Seymour area is between the communities of Knoxville, Maryville and Sevierville at the foothills of the Smokies. The Boyds Creek area sits between Sevierville and Seymour. Beautiful mountain views are available in the area. For Seymour TN relocation information visit: http://www.seviervillehomes.com/seymour.htm

 

CURRENT MARKET:

We are experiencing a buyer's market in the residential home market. Inventory remains high.

 

Foreclosures and short sales represent a good opportunity for buyers. For an example of Seymour foreclosures visit: http://www.seviervillehomes.com/foreclosures.htm

 

If you are interested in purchasing a foreclosure or short sale, be sure to get your pre-approval letter before shopping. Most banks require pre-approval letters/proof of funds and a minimum amount of earnest money with any offers submitted. Don't let your dream property get away due to lack of preparation. Get ahead of the game and speak with your lender before looking at property.

 

There were 7 residential home sales in the Seymour area (including Boyds Creek) in the month of November, 2010. One of these sales was a bank owned foreclosure. There was one condominium sale in October for $147,900. The average sales price was $182,757. There are currently 134 single family homes and 12 condominiums on the market in the Seymour area. Click here for Seymour TN homes for sale: http://www.seviervillehomes.com/seymour.htm

 

We have had many questions regarding area property tax rates, especially from our Florida buyers. Sevier County has some of the lowest property tax rates in Tennessee. When buyers work through us, we include the tax information in the listings we send.

 

Can't find the right property? We are authorized by the listing Realtors® to assist buyers with any property listed (per our MLS). We are then paid by a split in the listing sales commission with no additional charge to you, the buyer. Tell us what you are looking for and let us do the searching for you. Contact us today for details!

 

*Listing and sales information based on the Great Smoky Mountain Association of Realtors MLS.

 

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