Sevierville, TN

Sevierville offers a hometown atmosphere combined with plenty of shopping, attractions and mountain history. Most residents who are employed in the tourism industry in Pigeon Forge and Gatlinburg call Sevierville home.

CURRENT MARKET: We are experiencing a buyer's market in the residential, vacation home and cabin/condo investment property markets. Inventory is high while demand has slowed. Foreclosures and short sales represent a good opportunity for buyers. For an example of Sevierville foreclosures visit our website below. Residential home loans appear be getting easier to obtain these days. However, lenders are now requiring more money down for second home and condo loans due to recent changes in the mortgage insurance industry.

If you are interested in purchasing a foreclosure or short sale, be sure to get your pre-approval letter before shopping. Most banks require pre-approval letters/proof of funds and a minimum amount of earnest money with any offers submitted. Don't let your dream property get away due to lack of preparation. Get ahead of the game and speak with your lender before looking at property.

There are currently 995 single family homes on the market in the Sevierville area and 119 condominiums(including Bluff Mtn/Walde, Kodak, New Center, Wears Valley and Jones Cove).

There were 42 residential homes and 3 condominiums sold in the Sevierville area in May, 2011. 19 of these sales were either foreclosures or short sales. The average sales price was $199,334 for residential homes and $80,800 for condominiums. Prices for residential homes have increased slightly from the first quarter of 2011.

We have had many questions regarding area property tax rates. Sevier County has some of the lowest property tax rates in Tennessee. When buyers work through us, we include the tax information in the listings we send. Can't find the right property? We are authorized by the listing Realtors® to assist buyers with any property listed (per our MLS). We are then paid by a split in the listing sales commission with no additional charge to you, the buyer. Tell us what you are looking for and let us do the searching for you. Contact us today for details! *Listing and sales information based on the Great Smoky Mountain Association of Realtors MLS.

Well, I can no longer use one of my favorite selling points-- when people ask me to be sure that the properties they look at have a basement, so they can hunker down during the tornadoes, up to this point I have been able to say that "A tornado has never touched down in Sevier County"... and I was right! But on April 27th just a little one (70 mph, 40 ft. wide) made a brief stop in Seymour, breaking the record that had stood since the beginning of recording of such things.

The thing is, with mountain property, "grade level" is where you walk in the front door-- but because homes are most often built into the slope of the mountain, you go downstairs to the "basement" but it's usally a walkout that just feels like the lower story, complete with windows, doors, patio etc. Not the dark substantial northern-type basement where grandma kept the washing machine and the canned goods!

Here's the most current Market Report for Real Estate in Sevier County, TN., including Gatlinburg real estate, Pigeon Forge real estate and Sevierville real estate.

Click Here for the Report

Sevierville offers a hometown atmosphere combined with plenty of shopping, attractions and mountain history. Most residents who are employed in the tourism industry in Pigeon Forge and Gatlinburg call Sevierville home.  For Sevierville relocation information visit: http://www.seviervillehomes.com/sevierville.htm

CURRENT MARKET:

We are experiencing a buyer's market in the residential, vacation home and cabin/condo investment property markets. Inventory is high while demand has slowed.

Foreclosures and short sales represent a good opportunity for buyers. For an example of Sevierville foreclosures visit our website http://www.smoky-mountain-properties.com/foreclosures.htm

Residential home loans appear be getting easier to obtain these days. However, lenders are now requiring more money down for second home and condo loans due to recent changes in the mortgage insurance industry. If you are interested in purchasing a foreclosure or short sale, be sure to get your pre-approval letter before shopping. Most banks require pre-approval letters/proof of funds and a minimum amount of earnest money with any offers submitted. Don't let your dream property get away due to lack of preparation. Get ahead of the game and speak with your lender before looking at property.

There are currently 1019 single family homes on the market in the Sevierville area and 105 condominiums (including Bluff Mtn/Walde, Kodak, New Center, Wears Valley and Jones Cove).  To search for Sevierville homes for sale visit: http://seviervillehomes.idxre.com/idx/search.cfm?ll=1&cid=6644

There were 46 residential homes and 1 condominium sold in the Sevierville area in October, 2010. 21 of these sales were either foreclosures or short sales. The average sales price was $171,121 for residential homes and $21,000 for condominiums.

We have had many questions regarding area property tax rates. Sevier County has some of the lowest property tax rates in Tennessee. When buyers work through us, we include the tax information in the listings we send.

Can't find the right property? We are authorized by the listing Realtors® to assist buyers with any property listed (per our MLS). We are then paid by a split in the listing sales commission with no additional charge to you, the buyer. Tell us what you are looking for and let us do the searching for you. Contact us today for details!

*Listing and sales information based on the Great Smoky Mountain Association of Realtors MLS.

This time of year is always a good one for those who are sitting on the fence thinking about making a vacation home, retirement home or income property in Gatlinburg or the surrounding areas. While some of the reasons are obvious (like incredibly low interest rates) others you may not think of... like this is the end of the rental season, and owners are looking at lower income for the next few months. For any that really really want to sell, this adds a little extra incentive! Also, properties are MUCH easier to get into and look at (especially during the week) than in the summer months. So, if you are thinking about coming into town, give us al call and let us help you find the perfect home!