Skip to content

All Pro Property Management Services | Wall Street Storage | All Pro Storage | All Pro Realtors

Menu
  • Home
  • All About All Pro Group
  • Currently Available Homes for Lease
  • The Divisions of All Pro Group
    • All Pro Property Management Services
    • All Pro Realtors
    • All Pro Storage
    • Wall Street Storage
  • Our Reviews
    • Leave a Review
  • Contact Us
  • All Pro Group Blog
Menu

A Little More Light from the End of the Tunnel?

Posted on November 9, 2009 by Sierra Brewer

And now for a little good news! October sales transactions should all be reported by now. Even without any additional sales October is shaping up to be the best month all year when this year’s monthly sales are compared to the year ago totals. We are now reporting 131 sales of Gatlinburg area properties sold during the month of October. This also helps to make the argument that our market may be ready to move up instead of down price wise as volume almost always turns before prices do. The monthly volume trend chart is quite impressive.

In another glimmer of hope, Sevier County foreclosures dropped in October to a more “normal” 91 units. In any other universe 91 new foreclosures would NOT be looked at as an improvement but given the hyper pace of foreclosures in our Smoky Mountain real estate market anything under 100 a month is an improvement and sounds attractive. Here’s a link to the monthly foreclosure chart for all of you visual folks.

While there are no guarantees of just what the future may hold these small developments are encouraging. If the pace of foreclosures continues to drop we will likely see prices start upward. Now really may be the time to pick up a bargain on a Gatlinburg/Pigeon Forge/Sevierville real estate bargain. On the other hand I don’t think that I would sell any property right now unless I just didn’t have a choice. Seems like almost every sale is at a fire sale type price but hopefully that will change soon.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Another happy client! Watch the 2 minute video below to see the very happy ending! It is why we love what we do.

Sorry, your browser doesn't support embedded videos.

Blog Archives

All Pro Mascot – Blue the Wonder Dog

Our Faith is Our Founding Principle

He>I

Get to Know Us

Meet Our Founder!

Jeff Schoenfield is the Broker/Owner and Founder of All Pro Group

Meet Greg Fernatt!

Greg Fernatt, Our Managing Partner in All Pro Property Management Services

Meet the Office Staff

Find Us

Address
635 Wall Street, #2
Sevierville, TN 37862

Hours
Monday—Friday: 8:30AM–5:00PM

Contact:
Email Us
Voice: 865.325.1444
Fax: 865.436.0403

©2022 All Pro Property Management Services | Wall Street Storage | All Pro Storage | All Pro Realtors | Built using WordPress and Responsive Blogily theme by Superb