Although the last couple of months of 2012 in our Smoky Mountain real estate market have been a bit of a disappointment when compared with the very strong results from late 2011, the full year is in fact sharply above last year. In fact, 2012 has been the best year we have seen here in the Gatlinburg real estate market since 2007, when our Sevier County and surrounding area market was still screaming hot. The members of the Great Smoky Mountain Association of Realtors reported through our MLS that 2012 is already 22% ahead of last year, and the final numbers will no doubt be better when all firms have reported their sales. Of course, there are always pockets of better and worse performance, but here is the summary for December (and therefore for all of 2012):
There have been some important winners and losers within individual categories of real estate that I have written about recently. If you want my forecast outlook for Gatlinburg, Pigeon Forge, Sevierville, Kodak, and Cosby real estate in 2013, please stay tuned or just give me a call at 865-436-0444!