East Tennessee Real Estate & Neighborhood Source
By Troy Stavros
Welcome to 8103 Ford Road in Lenoir City, Tennessee, where livability and convenience come together to create the perfect home for you! This gem is ideally situated just a short 4-minute drive to Farragut and less than 30 minutes from Downtown Knoxville, ensuring you’re never far from the heart of the action. With Interstate 40/75 just 8 minutes away and HWY 321 in close proximity, getting around town has never been easier.
By Troy Stavros
Welcome to 609 Brochardt Boulevard, a luxurious Farragut home nestled in the highly sought-after Fox Run Subdivision. Majestically perched above the boulevard, this stunning residence captures attention with its impeccable curb appeal. Prepare to be captivated as you step inside and discover over $100,000 in recent updates that will leave you in awe.
The open floor plan of this home has been thoughtfully redesigned to create a seamless flow, perfect for modern living and entertaining. Enter the newly renovated eat-in kitchen, adorned with an oversized Brazilian Granite island and butcher block counters. Professional-grade appliances stand ready to elevate your culinary adventures. From here, your gaze effortlessly extends into the spacious family room, complete with a cozy fireplace and double doors that beckon you to the outdoors. Abundant natural light bathes the interior, pouring through the wall of windows in the breakfast area as well as the family room, creating an inviting and uplifting ambiance throughout.
Indulge in the pleasures of hosting gatherings on the new paver patio. Enjoy the ambiance of the free-standing fireplace and natural stone hearth while overlooking the park-like fenced backyard. This enchanting outdoor space is destined to become your favorite oasis, ideal for memorable moments with loved ones.
Retreat to the main level owner’s suite, where luxury awaits. The upgraded bathroom exudes elegance, showcasing double sinks nestled within a gorgeous marble top. Polished porcelain flooring sets the stage, leading you to the Calcutta Italian Marble tile shower with a glass door. Immerse yourself in relaxation within the new free-standing tub, complete with whirlpool, air bubbles, and built-in lighting.
Every detail has been considered, including the exquisite bamboo flooring throughout the majority of the main level. With its exceptional hardness, this flooring can withstand the activities of even the largest pets without a scratch. Step into the main level office, adorned with new French doors, creating a sophisticated space for work or study.
Rest easy knowing that a brand new 50-year roof was recently installed, providing peace of mind with its transferrable warranty. The exterior has been freshly whitewashed, adding a touch of timeless charm, while the freshly painted trim completes the picture of perfection.
The Fox Run Subdivision offers an array of remarkable amenities, including two fabulous community swimming pools, just in time for the summer season. Take advantage of the neighborhood clubhouse, tennis courts, and play fields, creating opportunities for endless recreation and enjoyment.
Located in the prime Farragut, Tennessee area, this home is zoned for all Farragut schools and boasts unrivaled convenience. Shopping centers, grocery stores, restaurants, coffee shops, parks, golf courses, a country club, and even Top Golf are all just minutes away. With easy access to the interstate, you’ll find that the world is at your fingertips.
609 Brochardt Blvd is not simply a home; it’s a gateway to an extraordinary lifestyle. Embrace the ultimate in luxury, comfort, and convenience as you make this exquisite residence your own. Don’t miss your chance to experience the epitome of Farragut living.
Have questions? Would you like to schedule a time to see this home? Looking for other homes like it? Need help selling your home in East Tennessee? Contact me, Troy Stavros with CornerStone Realty Associates today at 865-999-0925. I look forward to serving you!
By Troy Stavros
Welcome to our latest Farragut TN Housing Market Update! In this video, we’ll provide you with comprehensive insights into the local Farragut, Tennessee real estate market, focusing on key metrics such as prices, sales, inventory, and future projections. Whether you’re a homeowner in Farragut, buyer in Farragut, seller in Farragut, or simply interested in the Farragut TN housing market trends, this video is packed with valuable information to help you make informed decisions.
Our expert analysis takes into account the latest data available up to July 12th, offering you an up-to-date snapshot of the Farragut TN housing market. We’ll delve into the current pricing trends, examining how Farragut home prices have changed and what factors are influencing these fluctuations. Additionally, we’ll explore the sales activity, highlighting any notable patterns or shifts in demand.
Furthermore, we’ll discuss the inventory levels in Farragut TN and how it impacts the market dynamics. Understanding the supply of available homes in Farragut is crucial for both buyers and sellers, as it influences pricing and negotiation power.
To provide you with a well-rounded view, we’ll also engage in future casting, giving you our expert insights and predictions regarding the direction the Farragut TN housing market may take. We have thoroughly analyzed various factors such as economic indicators, local developments, and regional trends to offer you a glimpse into what the future may hold for the Farragut Tennessee real estate landscape.
Whether you’re a seasoned investor, a first-time homebuyer, or someone looking to sell their property, staying up-to-date with the local Farragut TN housing market is essential. Watch our video to gain a competitive edge and make informed decisions. Don’t miss out on this valuable opportunity to understand the Farragut TN housing market better!
Remember to like this video, subscribe to our channel, and hit the notification bell to stay updated with the latest market updates. If you have any questions or want us to cover specific topics in future videos, please leave a comment below. Let’s dive into the Farragut TN housing market together!
Have questions? Need help buying or selling a home in Farragut or anywhere in East Tennessee? Want to know what your home is worth? Contact (call or text) Troy Stavros with CornerStone Realty Associates today at 865-999-0925.
By Troy Stavros
Welcome to the Knoxville Real Estate Report! In this video, we’ll dive into the latest trends and insights shaping the housing market in our beautiful city.
First, let’s talk about apartment rents. Over the past year, Knoxville has seen a remarkable increase of 9.2% in apartment rents, outpacing the national average growth of 2.3%. This means that finding a place to rent in Knoxville has become more competitive, and prices are on the rise.
In June, the Federal Reserve decided to keep interest rates steady after a string of ten consecutive rate increases. However, officials hinted that future rate hikes may be necessary next month if inflation doesn’t continue to decrease. This decision has implications for the housing market, as higher interest rates can impact the affordability of homes and influence buyer behavior.
Speaking of the housing market, East Tennessee has experienced a notable increase in housing inventory throughout June. However, the number of homes listed for sale remains approximately 60% lower than pre-pandemic levels. This shortage of available homes contributes to the high prices and rents we are currently seeing in the region.
The recently released “The State of the Nation’s Housing 2023” report from the Harvard Joint Center for Housing Studies confirms that home prices and rents remain high in East Tennessee. With higher interest rates locking homeowners in place and slowing construction, the market faces challenges in meeting the demand for affordable housing.
Home sales in Knoxville saw a boost in May, partly due to a temporary decline in mortgage rates the previous month. Buyers in today’s market are highly sensitive to mortgage rates, and their fluctuations can impact home sales in the coming months. Additionally, the lack of inventory and new listings has intensified competition, especially for homes priced under $400,000.
In summary, while market activity has somewhat normalized, the housing market in Knoxville is still far from ordinary. Higher mortgage rates and historically low inventory levels create a dynamic that is unfamiliar territory for many. Although the situation may seem unsustainable, data suggests that these market conditions are likely here to stay.
Looking at housing inventory, we observed a modest increase over the past month, which is typical for this time of year. Active listings in June were up around 20% compared to the previous year. However, inventory levels remain well below pre-pandemic averages across all counties in the East Tennessee region. Although most counties experienced month-over-month increases in inventory, the growth was relatively subdued compared to historical trends.
Now, let’s talk about mortgage rates. Currently, rates are just over one percentage point higher than they were a year ago, resulting in a 20% increase in the required monthly payment for the median-priced listing. These higher rates have led many homeowners to hold off on selling their homes and moving, contributing to the low inventory we’re seeing in the market. As a result, prospective buyers are increasingly turning to the new-home market.
Looking ahead, the outlook for mortgage rates remains uncertain. Despite the Federal Reserve’s decision to pause rate hikes in June, there is a possibility that rates will resume their upward trend in the near future. With inflation still above the Fed’s target, it’s likely that rate increases will be on the horizon. As a result, mortgage rates are expected to hover around 6.5% throughout the summer months.
In Knoxville, only a small percentage of homes listed for sale have a lower estimated monthly payment compared to a year ago. This indicates that while home price growth has slowed, it remains positive, and lower monthly payments are limited to a few listings at the top end of the market. That wraps up our Knoxville Real Estate Report. Stay tuned for more updates on the local housing market. If you found this information valuable, be sure to like this video and subscribe to our channel for future updates. Thanks for watching!
Have questions? Need a market analysis on a particular part of town or home? Need help buying or selling a home in East Tennessee? Contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today!
By Troy Stavros
Now available at an unbeatable price, reflecting the substantial discount. Your dream home, infused with luxury and unmatched value, eagerly awaits your arrival. Now a home in Farragut’s Sugarwood Subdivision is more accessible than ever with a significant price reduction of $50,000 off the original list price. Over $40,000 in upgrades meticulously infused by the seller to enhance comfort and aesthetic appeal. This home is available for a quick move-in. Options to structure the offer price to accommodate for closing costs or rate buy down. This home has been well taken care of.
Welcome to your dream home in sought-after Farragut, Tennessee! This stunning residence is located in the desirable Sugarwood Subdivision, offering a fantastic community swimming pool and an opportunity to acquire a neighborhood pool membership just in time for summer. With its prime location, this home is zoned for Farragut schools and is conveniently situated just minutes away from shopping centers, grocery stores, restaurants, coffee shops, parks, golf courses, a country club, Top Golf, and easy access to the interstate.
Prepare to be impressed by the amazing layout of this home, perfect for entertaining and creating lasting memories. The spacious open floor plan creates a seamless flow between rooms, allowing for effortless social gatherings. Step outside and discover a large patio that overlooks a meticulously maintained fenced backyard, providing a private retreat for outdoor activities and relaxation.
As you enter the home, you’ll immediately notice the exquisite hardwood floors and tile throughout the main level, adding elegance and durability to the living spaces. Boasting 4 bedrooms and 2.5 baths, including an oversized owner’s suite, this home offers plenty of space for everyone.
The extra large 2-car garage provides ample room for vehicles and storage, ensuring you have space for all your belongings. The kitchen is a chef’s delight, featuring an oversized island, abundant counter and cabinet space, and modern appliances. Adjacent to the kitchen, you’ll find the warm and inviting keeping room with large windows that bring the beauty of the outdoors inside.
For cozy evenings or gatherings, the spacious family room boasts a beautiful brick fireplace, creating the perfect ambiance.
In addition to its fantastic features, the location of this home is truly unbeatable. In just 15 minutes, you can be at the lake, enjoying water activities and breathtaking views. Downtown Knoxville is a short 25-minute drive away, offering endless entertainment options. And within an hour, you can find yourself hiking through the picturesque Smoky Mountains, exploring nature’s wonders.
Don’t miss out on the opportunity to make this stunning home yours. With its exceptional amenities, ideal layout for entertaining, and unbeatable location, it’s a true gem in the heart of Farragut, Tennessee. Schedule a showing today and start envisioning your new life in this remarkable home!
Questions? Want to schedule a showing? Contact the Troy Stavros TEAM at CornerStone Realty Associates today at 865-999-0925. We look forward to serving you!
By Troy Stavros
Are you a homeowner considering selling your house? Wondering if it’s the right time? Well, here’s some good news: despite higher mortgage rates, buyer traffic is on the rise.
Recent data from the ShowingTime Showing Index, which measures buyers actively touring homes, reveals a significant increase in buyer demand over the past few months. Even during the colder months, the limited number of homes for sale kept shoppers on the lookout.
To put things into perspective, let’s compare this February’s foot traffic with the traffic from the past six years. This February showcased one of the strongest buyer activities we’ve seen in recent memory, excluding the highly unusual years of 2021 and 2022. When compared to the more normal, pre-pandemic years, the data clearly indicates a rise in buyer activity.
What’s even more impressive is that this increase in buyer traffic occurred despite the rise in mortgage rates this February. The Freddie Mac 30-year fixed mortgage rate climbed from 6.09% to 6.50%. However, it didn’t deter more buyers from searching for their dream homes.
According to Jeff Tucker, Senior Economist at Zillow, this upward trend in buyer activity may continue. Typically, March and April experience a seasonal uptick in home shoppers.
If you’re looking to sell your house, this year’s active buyer market should be encouraging news. It’s a clear indication that potential buyers are out there, possibly searching for a home just like yours. By partnering with a real estate professional and listing your house now, you can put your home in front of eager buyers today.
In conclusion, the rising foot traffic in this year’s housing market is a positive sign that buyers are actively looking to purchase homes, even in the face of higher mortgage rates. If you’re ready to sell, let’s connect and make the most of this opportune time.
Have questions? Want to talk about buying or selling a home? Contact Troy Stavros with CornerStone Realty Associates today at 865-999-0925. My team and I are here to serve you!