Cumberland Cove Market Report 2018
Let's take a few minutes to look back on the real estate market for Cumberland Cove for 2018. The statistics looks strong for both homes that sold in Cumberland Cove & also for the first time in many years the lot statistics look good. According to the ECC Chairman of Cumberland Cove, there were more new homes under construction in 2018 than in the history of the community which would take us back to 1985.
In 2018 there were 28 homes sold in Cumberland Cove. Since the community is located halfway between Crossville & Cookeville on the Cumberland Plateau mountains that area is serviced by two different Multiple Listing Services. I am a member of both MLS services so the statistics I am publishing are from both MLS services. The average priced home sold in Cumberland Cove in 2018 was $260,930.00. Breaking it down even further there were only seven new construction and the remaining 21 were resale homes. This tells us that with the numerous new homes under construction those are folks like myself how have owned a building lot and are now bringing their dreams to reality!
The last home I listed in Cumberland Cove sold in one day and for full price so learn how I market my homes in Cumberland Cove. Today as I gathered more data from the Multiple Listing Services (both), there are only ten (10) homes for sale today. In that inventory there are 3 new construction homes and 7 resale homes for sale in Cumberland Cove.
This is a great time to sell! Inventory is low which creates a sellers market. Since Cumberland Cove has so much to offer homeowners like paved roads, natural gas, public water, high speed internet, security patrol, fire protection, private parks with amazing hiking trails and each homesite is nestled in the privacy of native trees with acreage. Homeowner friendly deed restrictions & a wonderful location just minutes from Interstate 40 makes Cumberland Cove a great place to live!