Now that we are two weeks into a new year and new decade, it is the perfect time to update you on some fresh statistics. The end of the year always finds us in a reflective mood. We begin taking account of how the last 12 months stack up, what goals did we reach, what mountains are left to climb. The decade we just exited, 2009-2019, was a block of time that marked significant shifts for everyone’s horizon. We began the decade with an economic crash of seismic proportions. With real estate being our chosen craft, we found ourselves adapting to the twists and turns along with everyone else. This crisis touched so many people all over the globe, and not just property owners. The banking industry, real estate industry, investment industry, everywhere you looked you could find collateral damage. It was certainly a bitter pill to swallow at the time, but our nation recovered. Today we have a very healthy and vibrant real estate market on a definite upswing. 2012 was the year things began to rebound, a clear example of the restorative powers of the free market economy we enjoy here in the United States. Fast Forward to 2019, and we see this robust growth still trending upward.
Another situation that impacted the Smoky Mountain Real Estate market was the Gatlinburg wildfires in November of 2016. We still feel the effects of that situation to this day. The fires in Australia touch our hearts to the core after experiencing those conditions firsthand. Nature can be harsh, but just like market conditions, nature can experience a renewal. Our tourism and housing market for Gatlinburg, Pigeon Forge, and Sevierville has rebounded, bringing new and exciting opportunities. Another impact from the fires has been the contraction of available housing for residential homes, overnight lodging, and long term rentals. This contraction has created a very significant seller’s market, as demand far exceeds supply. These conditions give our clients a tremendous opportunity to maximize the profit potential of any property they may consider putting into this market. If you are entertaining the idea of putting your property up for sale or for lease, and want to investigate the potential, feel free to call us at 865-436-0444 to discuss what your options could be.
We have invested in the most recent technologies, expanding the platforms we employ to showcase the listed properties available. Not only will these new methods provide our sellers an exciting tool to feature their property, these advancements give potential buyers a state of the art application to view our listings. An example of this incredible technology can be viewed on the link below, featuring one of our newest listing:
You can read more about this beautiful property for sale in Pigeon Forge at this link:
Below is a complete statistical chart of the sales volume for the Smoky Mountain Real Estate market over the past decade.
Our firm provides an extensive knowledge of the Smoky Mountain real estate market, serving very satisfied clients for over 25 years. You can expect exceptional customer care and support throughout the process. All Pro Realtors can provide your family with a clearer vision of what 2020 may hold for you.