Troy Stavros, Author at 865 Real Estate

Home Depot & Lowes Know The Knoxville Housing Market!

March 9, 2015 By Troy Stavros

You might be asking yourself, Troy, how can home improvement stores like Home Depot and Lowes know about the Farragut and Knoxville housing market? Like any large corporation, those stores have financial officers and economists in place to help them make decisions about their business. A recent Bloomberg business article reported that Lowes and Home Depot both beat their 4th quarter profit projections by the largest amount in 6 quarters.

Robert Niblock, Lowes Chief Executive Officer recently said, “Consumers are feeling better about their jobs, their wages, and certainly feeling better about the value of their home. They are re-engaging in projects that they have put off.” In a nutshell, CONSUMER CONFIDENCE is rising! During the 4th quarter of last year, both Home Depot and Lowes saw a significant increase in sales to builders and professional contractors. Carol Tome, Chief Financial Officer at Home Depot said, “It’s a sign of health. If they are putting more items in their basket, it means they have work coming at them.”

Lowes has been conducting a quarterly consumer survey since 2007. In it’s latest survey, the percentage of respondents who said that the value of their home is rising was over 50%. This is the highest value since the inception of the survey. According to the stores, increased confidence in the value of one’s home, often spurs homeowners to start larger projects. Not everyone is starting projects on a home they are planning on staying in either. Many are getting their Knoxville or Farragut homes ready to list this Spring, and with good cause. Updating an outdated kitchen or bathroom can bring a higher price in today’s market.

Home Depot and Lowes aren’t the only indicators of rising prices. The National Association of REALTORS® reports that the median price for an existing home rose, year over year, for the 35th month in a row!

What does this mean for you?

If you are thinking of selling a home in Farragut or Knoxville this year, contact a trusted local agent who can give you insight on the market and what improvements might help get your home sold. An agent that will tell you what changes could bring you the highest return on investment and final sales price. This is something I do for all of my clients. Between myself and my professional stager, we will have your home showing the best it possibly can.

Have questions? Contact me, Troy Stavros with Gables & Gates, REALTORS® and we’ll find a time convenient for us to sit down and talk about your plans and goals and the best strategy for fulfilling them! Interested in finding out how much your Farragut or Knoxville home is worth? CLICK HERE TO FIND OUT.

Thinking Of Selling A Home In Farragut or Knoxville? HURRY!!

March 6, 2015 By Troy Stavros

As I received the latest data on the 2015 housing market, one thing is for sure: If you are considering selling a home in Farragut or Knoxville, the time is now!

Yes, existing home sales dropped in January compared to December. But, nationally if we compare the current September-January time period to the same period a year ago, it shows that existing home sales have surpassed last year every single month, with the January national sales numbers being 200,000 homes greater than last January. Farragut, TN had a 19.8% increase! Knoxville as a whole saw a 11.2% increase.

Pending home sales (houses that have gone under contract) as reported by the National Association of Realtors have also done much better in the last five months compared to last year:

Data also shows that the demand for homes from buyers in the market has increased significantly over last year as well:

But with all of the positive buyer activity above, data shows that inventory levels are lower than last year, which is a huge win for folks who are selling a home in Farragut or Knoxville. Knoxville’s inventory of homes for sale is down 8.5% from last year and the amount of homes for sale in Farragut is down 12.5% with new listings in Farragut down 13.3%.

What does this mean for you?

If you are thinking about selling your home in Farragut or Knoxville, with demand increasing and supply dropping, this is the optimal time to get the best price for your home and get it sold in the fastest time possible. Contact me, Troy Stavros with Gables & Gates, REALTORS® today to see whether that is the case in your particular neighborhood. Remember, real estate is local and can be different not only from town to town, but neighborhood to neighborhood and house to house. Interested in finding out how much your home could sell for? CLICK HERE TO FIND OUT.

1103 Vale View Road, Knoxville, TN 37922 – NEW LISTING

March 3, 2015 By Troy Stavros

Just listed! Knoxville home for sale at 1103 Vale View Road, Knoxville, TN 37922 in the Village at Roefield Subdivision. A great opportunity to get into the sought after Village at Roefield Subdivision at an affordable price. From the covered front porch to the extra large deck and everywhere in between you’ll find a comfortable place to call home. New hardwood floors on the main level invite you into the 2 story foyer. At a perfect 2363 square feet it has all the right rooms but feels larger with the grand 2 story family room with opens to the eat-in kitchen featuring newer stainless steel appliances and island. Upstairs you’ll find 4 bedrooms (or 3 bedrooms and a large bonus room) including the master suite. Once the weather gets nice you’ll appreciate the short walk down the sidewalk the 1 of the 2 neighborhood pools. Zoned for A.L. Lotts Elementary, West Valley Middle, and Bearden High School. For more information on 1103 Vale View Road, Knoxville, TN 37922 or to schedule your private showing, contact me, Troy Stavros with Gables & Gates, REALTORS® today!

1103 Vale View Rd, Knoxville, TN 37922

$257,800

Property Type: Single Family Bedrooms: 4 Square Footage: 2,363 Status: Closed

Current Price: $257,800 List Date: 2/27/2015 Last Modified: 11/16/2019

Overview

Description

Light, bright, and charming.A front porch ready for talking with friends and a glass of sweet tea or a morning cup of coffee.Just a short walk down the sidewalk to the neighborhood pool.Enter to the 2-story foyer and beautiful new hardwood floors. Sit in the sun enveloped front room which connects to the formal dining room or relax in the 2-story family room with fireplace that is adjacent to the eat-in kitchen w/ island and stainless appliances. Extra large back deck. 4 bedrooms up.

Listing Details MLS# 915387

Location Tax Legal Info

House #: 1103
Street Name: Vale View
St Suffix: Rd
State/Province: TN
Zip Code: 37922
PIN #: 144cf009
Subdivision: The Village At Roefield

Contract Info

Auction Y/N: No
Listing Price: 259900

General Property Description

Type: 2 Story
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 2363
SqFt - Main Lvl: 1150
SqFt - 2nd Flr Lvl: 1213
# Bedrooms: 4
Baths - Full: 2
Baths - 1/2: Yes
# of Rooms: 9
Fireplace: Yes
# Fireplace: Yes
Property Status: N/A
HOA: Mandatory
HOA Fee: 425
HOA Freq: Yearly
Year Built: 1996
Bonus Room: Yes
Extra Storage: No
Lot Dimensions: No
SqFt - Down Lvl: 0
SqFt - 3rd Flr Lvl: 0
Basement: No

Status Change Info

Status Change Date: 2015-05-05
Under Contract Date: 2015-03-18
Sold Date: 2015-05-01

Sewer

Sewer Info: CITY

Water

Water Info: CITY

More Information

Location, Tax & Legal Info

Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: County
Elementary School: A L Lotts
Middle School: West Valley
Total Tax: 1607.76
High School: Bearden

Remarks & Misc

Directions: Northshore Drive to North on Ebenezer then LEFT on Westland Drive then LEFT on Willowood Road (The Village at Roefield) to LEFT on Vale View (home on the corner). SIGN IN YARD.
Public Remarks: Light, bright, and charming.A front porch ready for talking with friends and a glass of sweet tea or a morning cup of coffee.Just a short walk down the sidewalk to the neighborhood pool.Enter to the 2-story foyer and beautiful new hardwood floors. Sit in the sun enveloped front room which connects to the formal dining room or relax in the 2-story family room with fireplace that is adjacent to the eat-in kitchen w/ island and stainless appliances. Extra large back deck. 4 bedrooms up.

Atchd/Dtchd Type

Detached: Yes

Style

Traditional: Yes

Construction

Frame: Yes

Siding

Brick: Yes
Vinyl: Yes

Fireplace

Gas Log: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Carpet: Yes
Hardwood: Yes
Laminate: Yes
Tile: Yes

Garage/Parking

Garage Spaces: 2
Attached: Yes
Garage Door Opener: Yes
Main Level: Yes

Basement

Crawl Space: Yes

Lot Description

Corner Lot: Yes
Level: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

Heat

Central: Yes
Forced Air: Yes

Community Amenities

Architect Restricted: Yes
Sidewalks: Yes
Swimming Pool: Yes

Dining Area

Eat-in Kitchen: Yes
Formal Dining Area: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Smoke Detector: Yes

Other Rooms

Den/Study: Yes
Family Room: Yes
Laundry/Utility: Yes
Split Bedroom: Yes

Exterior Features

Deck: Yes
Porch - Covered: Yes
Prof Landscaped: Yes
Windows - Insulated: Yes

Misc Features

Cathedral Ceiling(s): Yes
Internet Available: Yes
Kitchen Island: Yes
Pantry: Yes
Walk-in Shower: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes
Wired for Internet: Yes

Association Fee Incl

All Amenities: Yes

New Financing

Cash: Yes
Conventional: Yes
FHA: Yes
New Loan: Yes
VA Loan: Yes

Showing

See Agent Instructns: Yes

Property Features

Style: Traditional Construction: Frame Siding: Brick; Vinyl Basement: Crawl Space Lot Description: Corner Lot; Level Fireplace: Gas Log Floors: Carpet; Hardwood; Laminate; Tile Fuel: Electric; Gas (Natural) Heat: Central; Forced Air Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Microwave; Range; Smoke Detector Other Rooms: Den/Study; Family Room; Laundry/Utility; Split Bedroom Misc Features: Cathedral Ceiling(s); Internet Available; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet Exterior Features: Deck; Porch - Covered; Prof Landscaped; Windows - Insulated Dining Area: Eat-in Kitchen; Formal Dining Area Community Amenities: Architect Restricted; Sidewalks; Swimming Pool Association Fee Incl: All Amenities Showing: See Agent Instructns New Financing: Cash; Conventional; FHA; New Loan; VA Loan

Room Information

Room Name	Room Level	Dimensions	Room Remarks
Family Room	Main	16x14	2-Story Family Room w/ Fireplace
Kitchen	Main	16x16	Eat-in Kitchen, Island, Stainless Appl
Living Room	Main	15x13.25	Big picture window
Dining Room	Main	13.5x9.5	Adjacent to living room. Natural light.
Master Bedroom	Second	15x13.5	Vaulted Ceiling, Lots of natural light
Bedroom 2	Second	17.5x15.25	Could be bonus room. Big picture window.
Bedroom 3	Second	13x10.25	Big windows let in lots of light.
Bedroom 4	Second	13x10.25	Good closet space.
Utility Room	Main	8.5x5.5	Laundry Room off Kitchen

IDX

Listing Office: Gables & Gates, REALTORS

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

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Farragut Zestimate Off By More Than $100,000!

February 28, 2015 By Troy Stavros

If you are wondering what your Farragut or Knoxville area home is worth and you think Zillow is going to give you an accurate “zestimate”. Think again. I sold a home yesterday in Farragut’s Fox Den Subdivision and the Zestimate on the day of the closing was off by more than $100,000! The home at 228 Baltusrol Road, Knoxville, TN 37934 (which was actually my personal home) closed on February 27th, 2015 for $690,000. What did Zillow say it was worth on the same day? Are you ready for this? $585,583. Zillow was off by a whopping $104,417. Can you see how important it is to have a local professional guide you in the process? There are folks selling their homes for sale by owner, pricing them according to the Zillow Zestimate, that could be losing huge amounts of money. Sites like Zillow and Trulia and sites that say they can give you an “instant estimate” are simply pulling information from tax records, which in Knoxville are known for being inaccurate. They aren’t taking into account and updates you’ve done, or any special features your home might have that can drastically effect the sales price. For example, in Fox Den, if you had an identical house, and one was on the golf course and one was across the street (not on the golf course), there would be a huge difference in what those homes could sell for. For an accurate estimate on what your home could sell for, call a local real estate agent who knows the market. Are you thinking about selling? Contact me, Troy Stavros with Gables & Gates, REALTORS® today to schedule a time to sit down and talk about your situation. Are you interested in finding out the real worth of your home? Click here to find out.

Knoxville Home Sales – Winter Housing Market Update

February 25, 2015 By Troy Stavros

You may have read some national headlines lately regarding the housing market, but how have Knoxville home sales fared? The National Association of REALTORS® recently released their Existing Home Sales report and like most typical news sources, many headlines are blowing January’s decline in home sales out of proportion to grab attention, without really looking at the numbers. Headlines such as, “Existing home sales collapse in January despite low mortgage rates”.

Anyone in real estate can share with you the common knowledge that there is a slowdown in the winter months. Many markets share this seasonality and January is where it often hits. This can be seen by the graph below. But what the news media doesn’t share is that nationally, existing home sales increased by 200,000. Knoxville home sales, in January of 2015 saw a 10.1% increase over January of 2014 and Farragut home sales saw a 33.3% increase! Over the last year, Knoxville also saw the median sales price increase by 11.62%, Farragut saw a 3.32% increase. A big reason Knoxville home sales are down in January of this year, is that the inventory of homes for sale in Knoxville and Farragut have decreased, Knoxville by 8.7% from January of last year and Farragut down 12.5%. On a month to month basis, inventory in Knoxville has decreased by 7% from December of 2014 with Farragut down 6%. You might be asking yourself, where has the inventory gone? Much of it is now under contract, as the number of homes “pending sale” increased from December of 2014 to January of 2015 by 25% in Knoxville and 27% in Farragut! This screams that buyers are in the market and that equals demand.

So demand is there, as witnessed by the graphic below showing that buyer demand is actually 3x greater than last year.

The chief economist of the National Association of REALTORS®, Lawrence Yun, mentioned what he feels is the real cause of the January slowdown: “Realtors® are reporting that low rates are attracting potential buyers, but the lack of new and affordable listings is leading some to delay decisions.”

The buyer demand is there, buyers are out looking, but they are having trouble finding their dream home amongst the low inventory.

What does this mean for you?

If your plan was to wait until Spring to sell your home in Knoxville or Farragut, that plan may not help you get the most money for your home with the fastest sale. The information above points to right now being the optimum time to go to market. If you have any questions about selling or you would like to sit down and discuss your plans, contact me, Troy Stavros with Gables & Gates, REALTORS® to schedule a time that works best for you. Interested in finding out how much you could sell your Knoxville or Farragut house for? CLICK HERE TO FIND OUT.

Reasons To Sell Your Home Now in Farragut or Knoxville

February 19, 2015 By Troy Stavros

Ready for the two big reasons to sell your home right now in Farragut or Knoxville? Way back in high school, when we sat through that exhilarating class called Economics, we learned that when you are selling anything, you will get the most money when the demand for the item you are selling is high and the inventory of that item is low. Better known as the Theory of Supply and Demand.

If you are contemplating selling your home in Farragut or Knoxville, here are two visuals that help explain why there is no better time than now.

SUPPLY

The latest Existing Home Sales Report released by the National Association of REALTORS® shows that nationally, the “month’s supply” of available homes dropped to 4.4 months worth of inventory. This number translates to the lowest it has been in over a year. Locally these numbers are even more telling as the number of available homes in Farragut is down 7.2% from last year and Knoxville as a whole is down 6%.

DEMAND

Also according to the National Association of REALTORS®, compared to January of last year, buyer activity (demand) was 3X higher. This equals buyers who are in the market now, waiting for your home in Farragut or Knoxville to hit the market.

WHAT IT MEANS TO YOU

Putting your Farragut or Knoxville home up for sale when demand is high and supply is low will no doubt increase your chances of a higher price and a faster sale. Using the same rule of Supply & Demand, waiting until Spring for more supply (competition) to hit the market would have the opposite effect. Interested in talking more about getting your Farragut or Knoxville home on the market ASAP? Contact me, Troy Stavros with Gables & Gates, REALTORS® today so we can schedule a time to sit down and talk about your situation. Wondering what your Farragut or Knoxville home could sell for? Click here to find out.