As anticipated, October’s Smoky Mountain residential sales did finish very nicely. I am extremely grateful that our own sales during October were very strong, as I personally had 14 sales during the month, making October the best month of a good 2014 for me. Here is the latest summary showing that most agents of our Great Smoky Mountains Association of Realtors actually had a very good October:
Based on these updated totals, 2014’s sales year-to-date totals do now exceed 2013’s January – October’s performance by 18 units. This is a very slim edge but we will take it! Despite the fact that 2013 finished very strongly, I now expect that the full year 2014 sales will actually exceed the 2013 total. This means that 2014 will be the strongest year since the all-time record breaking years of 2005-2007. If this happens, we will have enjoyed progressively stronger totals in each and every year since 2009 with the exception of only 2011. While 2014 won’t finish greatly over 2013’s total, it may indeed be the best year since 2007. Usually, units have to grow before prices increase so continued unit volume increases are a very good thing indeed.