An apology to my blog readers on my report about July 2010′s Gatlinburg real estate and other area property sales.  I pulled data from our Great Smoky Mountain Association of Realtors to put in the blog.  The July 2010 residential sales figures looked rather robust in several catagories. However, I put the figures into my 8/4/10 newsletter/blog.  A short time later, I learned that the data included some large commercial transactions in those residential numbers.  Obviously, this corrupted the stats, so here are the corrected figures. 

July 2010 “Total Residences” sold was 121 vs July 2009 at 145.  This was a decrease of 24 residences or 17% less over July of last year.  These residential figures include; single family homes, condos, townhomes, and co-ops. 

“Total dollar volume” sold and the “average residential sale” were the 2 categories most impacted by the inclusion of the commercial properties.  July 2010 “Dollar Volume Sold” was $18,941,603.  The July 2009 Dollar Volume Sold was $25,725,551.  This July was off by $6,783,948 for a decrease of 26% from July 2009.

All of these numbers lead us to an”Average Residence Sold” at $156,542 in July 2010.  This is less than July 2009′s average sale at $177,418.  The average sale is down $20,876 or a 12% decrease from July of 2009.

The category of “Active Listings” in residences comes in as a winner in July 2010.  This July’s active listings was 4,119 vs. 3,523 for July of 2009.  This leaves last month with 596 more residences listed or a 17% increase. 

Behind these figures, the property market is revealing itself.  Without the huge commercial properties in the mix, the real estate market looks different than my August 4th blog reported.  Smokies real estate is in transition.  The market place is still searching for balance after the end of the federal stimulus. The revised figures do not currently show a pronounced shift toward higher priced homes. Recent activity appears to be focused on the lower priced properties.  However, with active listings on the increase there is a great selection for buyers.  This combined with low mortgage rates, could make this an ideal time to purchase your property in the Smokies.  Click on our website today to get started on your search with the Jason White Team.

Here are a Few of My Current Listings:

1.3 acre w/ Spectacular Mountain Views Quiet living on 1.3 acres with phenomenal MT Leconte and Smoky Mountain views and lots of level parking. 5 Private suites, with loft and game room located on cul-de-sac. Plus two huge decks to enjoy the incredible views of the mountains. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $449,000 Get more information >

Overlooking Stream in Gatlinburg Condo This conveniently located condo is only 1.5m from downtown Gatlinburg’s shopping and dining. Even has a woodburning fireplace and balcony to enjoy the beautiful mountain stream. Type: Condo Location: Gatlinburg ,Tennessee Price: $83,500 Get more information >

Exquisite Lofty Mountain Retreat!! Detail and excellent craftsmanship throughout this lofty mountain home will please even the most discriminating buyer. Complete with an outdoor living space with fireplace that overlooks Mt. LeConte views. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $495,000 Get more information >

Smoky Mountain real estate took positive steps in it’s move toward a market without federal stimulus.  I just received July 2010 real estate sales results from the Great Smoky Mountains Association of Realtors.  The results in various categories reveal clues to our market’s behavior.  Please keep in mind, this data covers July 2010.  Accuracy in market trends is best verified over a longer period of time, and not just 1 month.  In reviewing the GSMAR data, we should begin with number of residences sold.  This catagory includes; single family homes, condos, co-ops, and townhouses.  The current period had 111 residences sold vs 145 one year earlier.  The units sold is down by 34 or -23%.  This would seem negative until we examine other categories.

 Dollar volume sold for July of 2010 is $90,421,283 compared to $25,725,551 of July 2009.  July 2010 is up $64,695,732 or 251% higher.

Furthermore, July of 2009 saw an average sale of $177,418 per residence. Our July of 2010 average sale jumped to $814,606 for an increase of $637,188 or 359% higher.

In our final category of active listings, July 2010 has 4,058 compared to 3,545 in July of 2009.  Active listings are up 513, for a 14% increase.

In evaluating this data, some market aspects may be revealing themselves.  Currently, the federal homebuyer tax credit has expired.  This program was a powerful incentive for new homebuyers to enter the market.  In the short term, it has brought many new homebuyers into the market and it helped absorb some excess home inventory.  However, the data reveals that most of the homebuying occurred at the lower end of the market.  With the stimulus almost over (because of congressional action a few late closings may still trickle in), unbiased market activity is revealing itself. These July 2010 stats are showing that experienced homebuyers are coming off the sidelines to purchase higher priced properties. Without the large number of new homebuyers picking up lower end real estate, the “total dollar volume sold” and the “average sale price” has massively increased for July of 2010.  It is too early to be certain, but seasoned buyers could be returning to the real estate market.  These July 2010 figures seem to indicate that this activity is starting.

If you are considering East Tennessee real estate for some of your investments, begin on our website.  We have geared our site to be user-friendly, and we constantly update, to keep it current.  You set your personal search criteria, and it saves valuable time in viewing only property that meets your needs.  When the time arrives to personally view and close on your property, the experience and expertise of the Jason White Team is available to make your dream a reality.

Here are a Few of My Current Listings:

Fantastic Views With Great Rental Income This unique one of a kind home is totally updated and is in excellent condition. The fantastic mountain view is enjoyed on the covered or sun decks. The level parking is an absolute bonus! Type: Single Family Home Location: Cobbly Nob Price: $289,900 Get more information >

Spacious- Great For Entertaining! Spacious with extraordinarily large deck to enjoy the beautiful mountain view. Fully furnished with tasteful furnishings and just around the corner from the Chalet Village Club House to enjoy swimming and tennis. Type: Single Family Home Location: Chalet Village Price: $199,900 Get more information >

Great View Of Great Smoky Mountains Live in the prestigious community of Riversong. With the Little Pigeon River close by to enjoy fishing,swimming, etc. This private 1.26 acre property is a must see with wonderful mountain views and just around the corner from the Great Smoky Mountains. Type: Single Family Home Location: Pittman Center Price: $359,900 Get more information >

Smoky Mountain Real Estate joins the rest of the country in an adjustment to life without federal stimulus, for buying houses.  The May news out of the National Association of Realtors for Pending Home Sales was totally expected.  The report for May showed the Pending Home Sales Index fell 30% from the April index reading.  This forward-oriented index tracks home purchase contracts that are signed, but the transaction is not officially closed.  The Pending Home Sales Index has proven to be a useful gauge in tracking home sales.  Trends are more accurate in longer term comparisons.  For instance, there is better accuracy in time frames year vs year, than in month to  month match-ups.  The significant drop from April to May was almost a forgone conclusion.  The extension of the “homebuyer tax credit” artificially forced hesitant homebuyers into the market.  This provided robust home sales figures for; February, March, and April of this year. When the homebuying incentive ended, activity fell off. 

NAR’s chief economist, Lawrence Yun expected this homebuyer behavior from the federal stimulus.  He is pleased that congress has extended the deadline on official closings, because approximately 180,000 buyers missed the original June 30th close date.  Unusually long closing times were caused by tighter lending qualifications, and by lengthy short sale processing.  Yun also expects June figures to be low, as the adjustment to a more natural home buying market takes effect.  The Chief Economist is pleasantly surprised, that some markets have seen increased home purchases without the federal stimulus.  Furthermore, the tax credit appears to have helped stabilize home prices.  Additional good housing news appears in a congressional renewal of the National Flood Insurance Program.

Today’s housing and real estate market is still a great place for purchasing a home or investment property.  Given the uncertainty across the world’s investments markets, Smoky Mountain real estate looks quite good.  There is ample inventory for sale and  qualified buyers will find low interest rates on mortgages.  Our mountain area is geographically beautiful, with many man-made attractions throughout the region.  Check out properties on our user-friendly web site, using your personal search criteria. Contact the Jason White Team to finalize your purchase with help from our experienced real estate professionals.

Here are a Couple of My Latest Listings:

Private Bedroom Suites w/Mountain Views! Incredible mountain views with private bathroom suites. Type: Single Family Home Location: Chalet Village Price: $269,900 Get more information >

Mountain Community w/Serene Privacy Nestled among 13+ acres this Mountain Community offers a mountain stream, tennis courts, pool and many more amenities. This hand crafted custom log home is ideal for retirement living due to the layout. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $399,000 Get more information >

Gatlinburg homes sales and real estate transactions from nearby areas are reported monthly to members of the Great Smoky Mountains Association of Realtors.  The June 2010 results are out, and the comparisons to June of 2009 are complete.  This data can be useful in spotting trends and identifying local pockets of amplified sales activity. The June 2010 analysis reveals a mixed bag of results with some areas up and others down in sales.  There certainly appears to be evidence of the tax credit stimulus having an influence on residential sales.  June 2010 was the final month where qualifying homes had to close for the tax credit. The total residential results for all areas seem to indicate this stimulus influence.  Number of residences sold in June 2010 vs June 2009 is up 7% to 123.  However, total residential volume sold is down 4% to $20,619,568 for this June.  In addition, the average sale for a residence is down 9% to $167,639 for June of 2010.  All this data indicates that last minute, first time homebuyers were scrambling to qualify for the tax credit.  Their activity was the driving influence for this June’s residential sales.  Another item of interest is that the quantity of active listings is up 17% to 4,067 for June of 2010.

This material can be helpful for finding your Smoky Mountain dream property.  Current interest rates are quite low for qualified buyers.  These Great Smoky Mountain Association of Realtor results show active listings are up.  That gives today’s buyers a great selection and good mortgage interest rates which is a great combination.  You can start your Smoky Mountains property search with no commitment to go further than you want.  Simply go on our website and avail yourself to our real estate resources.  When you decide to buy that special home or property, contact us and use our expertise to purchase that special piece of Smoky Mountains real estate.

Here are a Few of My Current Listings:

Fantastic Views of Mt LeConte!! Enjoy the fantastic views of Mt LeConte and the tram from the spacious decking of this nicely decorated cabin. Each bedroom has in suite baths as well. This is a must see! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $249,900 Get more information >

Outstanding Mtn Views, family retreat!! This classic mountain chalet has spectacular mountian views and used previously as a private family retreat. High ceilings, lots of glass and 2 beautiful mountain stone fireplaces, plus lots of level parking and walking distance to community club house. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $269,900 Get more information >

Incredible Smoky Mountain/Valley Views! This home is truly Above and Beyond. Even has an elevator! The mountain and valley views are worth viewing this home! Incredible log details throughout. Type: Single Family Home Location: Wears Valley Price: $669,000 Get more information >

Gatlinburg real estate results follow general U.S. property trends.  Long term realtors of the Smokies have watched our housing market follow the broad American property market.  In this blog, let us first examine the S & P/Case-Shiller April data in greater detail.  This specific index was started in 2006 to track U.S. home prices.  It began with 10 metropolitan population areas and expanded to 20.  Figures are compiled as “seasonally adjusted” and non-seasonally adjusted.  For you serious analysts, you can go to links online to view the home price indices model.  Click on the S & P/Case-Shiller April data link above.   However, in the interest of time for most blog readers here is the “cliff notes” version of the April results.  April 2010 was an improvement over March of 2010.  Similar improvement was observed in the 10 and 20 city composites of April 2009 over April 2010.  Given that April 2010 was the final month for the “homebuyer tax credit”, this was widely expected.  This general home price improvement does not indicate that a robust home price recovery is currently under way.  However, some intriguing details are revealed in the data from the indices. 

In sifting through the data you can see that favorite places with beauty and great climate have not radically declined like some metro areas.  Noteable examples are San Diego and San Francisco.  These locations of beauty and great climate have continued to attract homebuyers.  This contrasts with neighboring areas like Las Vegas.  Las Vegas was a skyrocket performer in the recent price bubble, that is currently struggling to rebound.

Over the years, we realtor/residents of the East Tennessee Smokies saw our area grow like much of the national real estate market.  However, our area never experienced insane price spikes like some areas.  Smoky Mountains homes enjoy great climate and awesome natural beauty.  The ease of access for over 1/2 the U.S. population is a bonus.  The multiple man-made activities are a draw that amps up the area’s tourist attraction.  In a time of economic uncertainty, the Smokies offer the real estate investor multiple options from houses, to rental properties.  Start looking on our website to begin your search.

Here are a Few of My Current Listings:

2.42 Acre Rocky Creek Frontage! Level building site with beautiful rocky creek frontage. Only 1.5 miles to downtown Gatlinburg and southern exposure! Type: Land Location: Gatlinburg ,Tennessee Price: $150,000 Get more information >

Upscale Neighborhood-Authentic Log Cabin This authentic log home is located in an upscale neighborhood and is in excellent condition. Bedroom/Bath on each floor for privacy as well as a large gameroom for your enjoyment. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $249,900 Get more information >

Spectacular Smoky Mountain View!! Unique opportunity to own a lot like this! Spectacular mountain and city view, with level building site. Type: Land Location: Gatlinburg ,Tennessee Price: $125,000 Get more information >

The National Association of Realtors data showed Smoky Mountains homes and existing-home sales across the nation continued their improvement in April 2010.  For real estate market observers, these results were totally expected.  April was the last month for buyers to sign a contract on a home to qualify for the federal homebuyer tax credit.  Sales of existing-homes include; single family houses, townhomes, condo’s, and co-ops.  This market analysis measures homes under contract, yet not officially closed.  These transactions normally close within 1-2 months.  April 2010 figures were 7.6% above March 2010 and were 22.8% above April of 2009.  Chief economist, Lawrence Yun, expects some decline in sales, as the tax credit ends.  However, he sees a growing buyer confidence returning to the U.S. home buying market.  He feels that overall economic improvement, home buyer confidence, and home price stabilization will assist the home market in regaining it’s momentum. 

NAR President, Vicki Cox Golder shares some additional observations on today’s housing market.  She sees many buyers are still remaining in the market, searching for just the right home.  Affordability conditions are good and Freddie Mac reports rates are still low at 5.10% on a 30 year fixed loan.  Total housing inventory rose slightly in April by 0.3%, but it is 11.6% below the record set in July of 2008.  The NAR President, sees buyers shifting into a “buy and stay mode”.  This may be too early to view the change, but the “buy and flip” mentality may be slowly disappearing.  April data shows 49% of homes were purchased by first-time homebuyers.  This was up 5% from March. The national median priced home for April 2010 was $173,400.  This is a 4.5% increase over the previous year.  Single family median prices rose in 18 out of 20 metropolitan statistical areas across the country, with 6 of these seeing double digit increases.  The Northeast led the nation in the number of existing -home sales as well as in the highest median-priced home.  Here in the South, existing home sales figures were close to being in the middle of the statistical results.  The Southern median price for an existing-home is $150,000 just above the Midwest at $146,400.  This makes our area quite attractive for home buyers looking for value on their purchase.

All of these current trends and statistical results indicate that our real estate market is favorable for property investment.  If buying a house or property in the East Tennessee Smokies is a priority, check us out today!  The Jason White Team has a website geared to begin a buyer’s search for property.  We have made it so user-friendly, that some may find their dream real estate totally online.  We offer all the resources and expertise to turn your dream into a reality.  Call us today to get started!  877-678-2121

Here are a Few of My Current Listings:

Sits on Beautiful Pigeon River!! Located on the state’s most pristine river this is truly a one-of-a-kind property. Listen to the sounds of the river on this 2.8 ac in upscale subdivision of Riversong. This home offers a gourmet kitchen, huge game room and even a playroom for the kids. Type: Single Family Home Location: Pittman Center Price: $1,195,000 Get more information >

Easy Access and Great for Large Groups Three level chalet with big rooms and cathedral ceilings to accomodate that large group or family reunion. Bring the mountain views and outdoors in with all the glass windows. Fun awaits you with a gameroom and 3 levels of decks with hot tub. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $259,900 Get more information >

Short Sale’ Great Location!! This conveniently located home is within walking distance of Community Center, Mills Park, schools, and Gatlinburg shopping and dining. Lovely wooded setting and nice furnishings. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $179,900 Get more information >

Call today to view these or any other properties!!  877-678-2121  Ask for myself or Buyer Specialist, Stephanie Huskey!

Homes in Gatlinburg, Tennessee and across the nation are adjusting to a real estate market without federal tax incentives for buying houses.  My news sources out of the Wall Street Journal feel the market is reacting much as expected, to life without an $8,000 tax credit for buying a new home.  Throughout the duration of this federal program, the stimulus tax credit combined with low mortgage interest rates, to bring buyers back into the real estate market.  The influx of homebuyers absorbed enough of a massive inventory of homes for sale to stall a decrease in home values.  Many areas of the U.S. are seeing home prices rebound nicely.  Obviously, the tax incentives accelerated homebuying activity and enticed buyers to purchase earlier than they may have done without the stimulus.  For this reason, a drop in homebuying was expected as the federal stimulus ended.

The highlight in the current real estate market is that mortgage interest rates are very low and there is a good selection of homes for sale.  Average 30 year rates fell to 4.8% while 15 year rates appeared to rise to 4.25%.  However, the fees charged to borrowers fell, in effect, lowering the 15 year rate.  The challenge in mortgages lie in the tougher qualification standards.  If you qualify, this is a great time to find your property and lock in a really great interest rate on your mortgage. 

In considering East Tennessee Smokies’ real estate, there are several factors that could make now a great time to buy.  First, as previously mentioned, there are great interest rates for qualified buyers and there is a great selection of property for sale.  Second, the Smokies did not see the great spike up in prices that drove other markets across the country.  One can get a lot of value for the money in this area.   Third, our area is a convenient location for over 1/2 of the U.S. population.  The area is physically beautiful and the local area caters to visitors.  In addition, an investment in Smokies real estate could be far more stable than other investments in today’s volatile investment arena.  Contact the professionals of the Jason White Team online or by phone and begin your search today to acquire the property of your dreams in East Tennessee’s Great Smoky Mountains.

Here are a Few of My Current Listings:

Private with Beautiful Mountain View Plenty of community ammenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room. Type: Single Family Home Location: Pigeon Forge Price: $325,000 Get more information >

Heritage Log Home w/ Views of Mt LeConte This beautifully built Heritage Log Home in prestigious Chalet Village has great views of Mt. LeConte. Private yet close to downtown shopping and dining. Three master suites for privacy and on a open lot with level parking. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $379,900 Get more information >

Gatlinburg Home in Enclave w/ Mtn Views This custom home has beautiful mountain views with plenty of decking and outside fireplace to enjoy. The spectacular kitchen offers plenty of high end appliances and custom details and the master bath is incredible with tumbled Italian Tile. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $1,950,000 Get more information >

Call today for information on any of these or other listings that may be of interest to you!  877-678-2121

As we approach late spring and head towards summer, real estate in Tennessee’s Great Smoky Mountains is picking up momentum in home sales.  April’s residential figures have been compiled, and the data looks very encouraging.  The Great Smoky Mountains Association of Realtors reported that total residences sold are up 20%.  This April there were 133 residences sold, or 22 more than April of 2009. 

Dollar volume sold in April 2010 is 8% higher over the previous year, with a total of $22,528,707.  The increase in total dollar volume sold was $1,751,237. 

The influence of first time homebuyers, combined with an influx of discounted foreclosures is continuing to be a dominant force in today’s property market.  These factors have forced the “average price per residence sold” to be less in April 2010 than in April 2009.  The average price per residence sold in April 2010 was $169,389.  This figure was $17,795 less (10% lower) than April 09′.

The number of residences actively listed for sale is up 17% with April 2010 leading last year by 569 units for a total of active listings at 3,953.

All of this data, factored with today’s market conditions, could indicate that currently Smokies’ real estate might be a good investment.  Qualified buyers can find great low interest rates on home mortgages. There is a great variety of property currently for sale.  Today’s investment market in the global stock and bond arena is volatile to the point of becoming dangerous.  This was evidenced by last week’s stock market meltdown, leading into this week’s rebound.  Owning property in a beautiful, desirable part of the country might be a good place for some of your hard-earned money.  Check out our website, or call us at 877-678-2121 today,  to get started owning your personal piece of Tennessee Smokies’ real estate.

Here are a Couple of My Current Listings:

Mt LeConte Views from Gatlinburg Home!! Custom built,many hand crafted features,gourmet kitchen with Brazilian granite counter tops,plus huge master bedroom on the main level. Even a separate living quarter on lower level. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $598,700 Get more information >

Unparallelled View of Great Smokies!! Contemporary home with many interior updates and incredible view of ski slopes at Ober Gatlinburg and Great Smoky Mountains. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $239,900

Call me today at the Jason White Team to view any of these listings! 877-678-2121

The Index for Pending Home Sales always lags real time as figures get crunched and analyzed. Much of the data takes time to collect and review.  However, my sources out of the National Association of Realtors feel this “Index” is valuable for trend prediction in U.S. real estate.  For new blog readers, Pending Home Sales tracks homes under contract, yet not officially closed.  Usually, official closings follow within 1-2 months.  February’s “pending” index figures were expected, and did not surprise the researchers.  January’s figures had dipped because of an unusually cold winter, laden with precipitation, that gripped most of the nation.  February’s data shows a rebound of 8.2% over January 2010.  This remains 17.3% above February of 2009, when the index level was 83.2. Lawrence Yun, NAR’s chief economist, remains cautiously optimistic about the data.  He sees the rise in February 2010′s PHS Index as the beginning of a second wave of home buyers, looking to cash in on the homebuyers’ tax credit.  Qualifying home purchases must be initiated by April 30th, 2010. Closing must occur by June 30th, 2010.  Yun is hopeful that buyer activity this spring will decrease home inventory across the nation.  This drop in the number of homes for sale, will in turn assist in firming up prices.  A lower inventory usually stabilizes home values. 

Current factors in today’s Smoky Mountain real estate, make this a great time to buy or sell property.  There is good inventory to provide a selection of property. Mortgage interest rates are about as low as they may ever get.  If you qualify, there is only a few weeks left to ink a contract, and get the process moving to receive your share of some stimulus money.  April 30th of 2010 is the deadline to get a house under contract and by June 30th of this year, it must be closed and finalized.  Check with your financial people immediately, if you want to utilize the tax credit.  Our website is a great place to begin your property search, and our people on the Jason White Team can help you finalize the property quest.  However, at this stage, the tax credit will require a lot of pre-planning and pre-qualifying to pull off before April 30th.  My team members are available to assist you either in buying or selling your Smokies’ property.  Contact us today to get started.

Here are a Few of my Current Listings:

Pigeon River Right Outside Your Door! This remodeled riverfront home is a sure to please. With the calming sounds of the Pigeon River right outside your door this completely remodeled home complete with sauna and hot tub are sure to take the stress away! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $329,900 Get more information >

11 Bedroom- Smoky Mountain Stunner! This 11BD/11.5BA mountain top home is designed with hardwood floors, high quality furnishings and antique decor throughout. A stunning handcrafted cedar staircase, sunroom w/large swim spa, sauna, media room, over 2500 sq ft of decking to enjoy the view! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $1,475,000 Get more information >

Sits on Beautiful Pigeon River!! Located on the state’s most pristine river this is truly a one-of-a-kind property. Listen to the sounds of the river on this 2.8 ac in upscale subdivision of Riversong. This home offers a gourmet kitchen, huge game room and even a playroom for the kids. Type: Single Family Home Location: Pittman Center Price: $1,195,000 Get more information >

Call us today to view one of these properties! 865-436-2121

On several occasions, I said that home sales and real estate track Mother Nature. When the weather is cold and inhospitable, most people stay home and leave property searches for nicer weather.  Here in the Smokies, it feels like we jumped from winter straight into summer.  Temperatures have recently soared into the 80′s, dropping back soon to more seasonal weather patterns. However, springtime has arrived in an ever-increasing splash of color.  Early bloomers are in full array and the next wave of flowers is beginning to show themselves.  Just like the forces of nature, home buyers are coming out in greater numbers as springtime brings better weather.

Our Great Smoky Mountains Association of Realtor sales data is revealing this trend.  Number of residences sold is up 15% over the same period last year.

Dollar volume sold is off 6% from last year, or down $1,293,479.00.

The average price per residence sold is $173,547.00, and is lower than last year by 18% or $38,398.

The quantity of active listings is up 15% over last year, with a total of $3,854 listings.

From my perspective, this data shows that the tax stimulus for new homebuyers is working.  New homebuyers and discounted foreclosures are still a dominant aspect of today’s real estate market.  It will be interesting to see if the housing market keeps up this momentum as the tax incentives drop off at the end of April in 2010.  However, there are still favorable conditions in today’s real estate market for both buyers and sellers.  Qualified buyers can still obtain historically low mortgage interest rates for financing. 

Today’s online property searches make it easy to prescreen with your personal search criteria, so you save time and money in viewing property to buy. Here at the Jason White Team, we cater to your needs.  Our website is designed for our clients’ ease in finding their property. We back all our web technology with years of personal realtor; professionalism, expertise, and knowledge of the area.  Contact us today to get started finding your dream property.

Here are a Couple of My Latest Listings:

2.42 Acre Rocky Creek Frontage! Level building site with beautiful rocky creek frontage. Only 1.5 miles to downtown Gatlinburg and southern exposure! Type: Land Location: Gatlinburg ,Tennessee Price: $150,000 Get more information >

Fantastic Mountain Views and Private! The private location and awesome mountain views make this home a winner. It is on a level lot with level parking and side yard, 3 mi to Gatlinburg so close to everything, open floor plan with 4 master suites which is always desirable for privacy and space Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $419,900 Get more information >