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Market Trends
Commentary Provided bySue Deery Now is an exceptional time to buy a home in Pigeon Forge and Gatlinburg. Low rates with falling home prices makes a home purchase a great value! Remember that the first time homebuyer’s credit is available till November!!! Call now for more information at 865-740-9109. |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Knoxville | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 90-120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $200,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $350,000 - $399,000 | ||
| Compared to Last Year | Down 10-15% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Pigeon Forge and Gatlinburg is | Increasing | ||
| Seller Activity for the past 90 days in Pigeon Forge and Gatlinburg is | Increasing | ||
| Is Financing Available For Qualified Buyers in Pigeon Forge and Gatlinburg? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Wears valley, Boy's Creek, Seymour, Kodak, Dandridge | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $200,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Sue Deery
RE/MAX Summit Pigeon Forge, Tennessee 865-740-9109 available@househunt.com Agent Home Page 
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Pigeon Forge and Gatlinburg Local News
News for Pigeon Forge and Gatlinburg, TN - Thursday June 18th, 2009 10:56am
First Time Homebuyer's Tax Credit. There is no minimum income for claiming the credit. If you dont owe any taxes you can still receive it IN CASH. You can claim the credit when you file your 2009 tax return - or, if you'd rather NOT WAIT, file an amended 2008 return and receive the money upon purchasing your home. There are also program that will ADVANCE the money to help on your down payment.
Don't wait. Give me a call and I can help you decide whether now is the time for you to become a homeowner.
Send me an Email
865-740-9109
