Gatlinburg Market Report
It’s always easy to tell when the Summer rental season is happening in Gatlinburg and Pigeon Forge. The streets are busy and the sidewalks are full. The locals are making the most of the “back roads” and the few lucky tourist who have found out about them are too. If you are lucky enough to have a contact in Gatlinburg or Pigeon Forge that can direct you around the traffic, take advantage of it.
Of course, your friendly local real estate agency will be happy to help.
One more thing that always reminds me of tourist season is when the grocery stores are full. The produce is always fresh!
The sales environment in the Gatlinburg real estate market this year has seen it’s ups and downs. Fortunately, right now everything seems to be going up. The average list price to sale price ratio this ytd is 93.7%. An impressive number for an off year. The average sales price in Gatlinburg (includes homes and condos) so far this year is $214,653. We’re starting to see more of the homes in Gatlinburg over $350,000 go under contract right now. I predict that this Fall will continue to be a busy time for us.
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