2012 Statistics

WOW, 2012 is in the books.  The question is: How did the Smoky Mountains Real Estate Market end the year?  The Derosia Team has put together some statistics and visual aids to share with our readers.

The first category we compared was residential units sold with the residential units listed in the year of 2012. As you can see there were 117 more units sold in 2012 than in 2010.  There were 131 more units sold in 2012 than in 2011. The total units sold are up 10% from 2010 and 12% from 2011.

Total volume sold in 2012 compared to the previous years is also showing some positive trends.  While 2012 is down .2% from 2010, it is up 4.91% from 2011.

The last category we have compared average list price with average sale price.

Average sale price is down, as well as average list price, from the previous years.  This often means it is a buyers market rather than a sellers market.

In 2010 the residential units sold for 92.40% of their list price.  In 2011 houses sold for 93.13% of list price. In 2012 houses sold for 92.87% of the average list price.

The year 2012 end on a high note.  The Derosia Team looks forward to viewing the statistics throughout 2013.  Stay tuned for next month's statistics as we start to compare 2013 with the previous years and look for the positive trends to continue to climb.


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