The Smoky Mountain Real Estate Market is once again showing positive trends for the August 2012 in some key areas over the last year. We have put together some statistics and visual aids for August 2012 compared to August 2009 - 2011.
The first category we compared was residential units sold in the month of August. As you can see there were 45 more units sold in August 2012 than in August 2009. There were 36 more units sold in August 2012 than in August 2010. Then August 2012 is up 43 units from August 2011. The total units sold are up 33% from 2009, 25% from 2010 and 31% from 2011.
Total volume sold in August 2012 compared to the previous years is also showing a positive trend. August 2012 is up 19.2% from August 2009, 6% from August 2010, and 13.1% from August last year.
The last category differs from our comparisons the last 2 months. This time we have not only compared August 2012 to the previous years in August, we have compared average list price with average sale price.
Much like last month's comparison Average sale price is down, as well as average list price, from the previous years in August. This often means it is a buyers market rather than a sellers market.
While list and sale price are down, the % of list price is up. In 2009 the residential units sold for 93.59% of their list price. In 2010 houses sold for 93.74% of list price and in 2011 they sold for 93.14% of list price. August 2012 houses sold for 97.54% of the average list price.
As we continue to plug along through September and October we look to have the same positive trends continue. There continue to be some great deals on the market. If you are looking for an investment, second home, permanent residence, or land to build on check out our website and search for your dream property or home.