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Showing posts from May, 2011

Smoky Mountain - Market Statistics

Today is already the first week of May! The year is already more than a quarter gone. I thought you might be interested in some statistics:

Year to date as compared to same period last year in Sevier County:
Jan 1, 11 - May 6, 11 -- - 372 homes sold
Jan 1,10 - May 6, 10 -- 478 homes sold

The decrease in homes sold is 106 homes. Down about 22%.
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The average sale price so far this year is around $176,740.00

The average sale price this time last was around $181,556.00

Not a big difference in average sale, sales are predominately, under $200,000.
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The average sales price to list price ratio is almost 93%. Looks like negotiations are about 7% off list price.

Days on market is around 195 days.

46% of houses expire on the market and are not sold. The market is very competive right now. Price is still everyth…