November Wasn’t Cold Except in the Real Estate Biz!
While the weather during the month of November in East Tennessee wasn’t very harsh our residential real estate market here in the Smoky Mountains certainly was. Although my standard disclaimer that not all sales have been posted certainly applies the numbers that have been reported indicate that November was the worst month in several years with only 62 total sales reported by all of the members of our board. Like a very athletic limbo dance champion, the number of monthly sales continues to go lower and each month the bar is dropped to an ever more unbelievable number. Here is the ugly chart that displays the rather sad story:
By the grace of God, I personally have made nearly 10% of the total residential sales reported by our board of over 500 members during each of the past few months. We posted 9 sales in October, 6 in September, and I already have 6 more pending sales for December.
What’s selling in our Gatlinburg/Pigeon Forge/Sevierville market at this time? Only the very aggressively priced properties that represent clear value even in these difficult times. Most all of these sales have been foreclosure properties with only a few exceptions that were not bank owned real estate. Our company continues to be the number one selling firm in the area and you can see the numbers for yourself here. If you would like our assistance in either finding a great value or selling property here in Sevier County please let us know by emailing us at Jeff@GatlinburgHomes.com.