865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Knoxville Homes for Sale: 7115 Fieldstone Farms, Knoxville, TN 37921

By

Conveniently located between the Powell and Karns communities this home is just minutes from restaurants, shopping, schools, and more. Plenty of room as the home boasts 4 bedrooms, a main level office, a formal dining room, and a bonus room. NO CARPET! You’ll find hardwood floors in most of the main areas both on the main level and upstairs and tile in the kitchen and bathrooms. The eat-in kitchen features granite countertops, custom backsplash, stainless steel appliances, pantry, and breakfast bar. The open floor plan allows the kitchen to be open to living room which has a gas fireplace. All of the bedrooms are upstairs and the owner’s suite bath offers jetted tub, separate shower, dual sinks, and a large walk-in closet. The backyard has a large deck that overlooks the flat, fenced backyard. The oversized 2 car garage is extra deep and could easily accommodate a larger pickup truck or even a boat. 19 minutes to Downtown Knoxville, 20 minutes to Oak Ridge, 12 minutes to Interstate 75.

Have questions or want to schedule a private showing? Need help finding homes for sale in Knoxville? Would you like your home marketed for sale like this? Contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today. My team would love to serve you.

Error loading content

Experts Agree Home Prices Will Continue to Appreciate

By

Experts Say Home Prices Will Continue to Appreciate | MyKCM

It’s clear that consumers in Knoxville and beyond are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month.

In addition, Jim Dalrymple II of Inman News notes:

“One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.”

To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came to the same conclusion: the housing market is strong, and price appreciation will continue. Here are their statements on the issue:

Goldman Sachs’ Research Note on Housing:

“Strong demand for housing looks sustainable. Even before the pandemic, demographic tailwinds and historically-low mortgage rates had pushed demand to high levels. … consumer surveys indicate that household buying intentions are now the highest in 20 years. … As a result, the model projects double-digit price gains both this year and next.”

Joe Seydl, Senior Markets Economist, J.P.Morgan:

“Homebuyers—interest rates are still historically low, though they are inching up. Housing prices have spiked during the last six-to-nine months, but we don’t expect them to fall soon, and we believe they are more likely to keep rising. If you are looking to purchase a new home, conditions now may be better than 12 months hence.”

Morgan Stanley, Thoughts on the Market Podcast:

“Unlike 15 years ago, the euphoria in today’s home prices comes down to the simple logic of supply and demand. And we at Morgan Stanley conclude that this time the sector is on a sustainably, sturdy foundation . . . . This robust demand and highly challenged supply, along with tight mortgage lending standards, may continue to bode well for home prices. Higher interest rates and post pandemic moves could likely slow the pace of appreciation, but the upward trajectory remains very much on course.”

Merrill Lynch’s Capital Market Outlook:

“There are reasons to believe that this is likely to be an unusually long and strong housing expansion. Demand is very strong because the biggest demographic cohort in history is moving through the household-formation and peak home-buying stages of its life cycle. Coronavirus-related preference changes have also sharply boosted home buying demand. At the same time, supply is unusually tight, with available homes for sale at record-low levels. Double-digit price gains are rationing the supply.”

Bottom Line

If you’re concerned about making the decision to buy or sell right now, let’s connect to discuss what’s happening in our local market. Call or text me, Troy Stavros with CornerStone Realty Associates at 865-999-0925 today. My team is ready to serve you.

Dreaming of a Bigger Home in Knoxville? Why Not Buy It This Year?

By

Dreaming of a Bigger Home? Why Not Buy It This Year? | MyKCM

Are you clamoring for extra rooms or a more functional floorplan in your Knoxville home? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s housing market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the Knoxville housing market.

With so few homes available for sale in Knoxville and high demand from today’s homebuyers, sellers are profiting in major ways this season. Bidding wars are gaining traction, driving up the sale price of more and more homes throughout the country. This means sellers in Knoxville are able to leverage extra cash from higher-priced sales while also taking advantage of today’s low mortgage rates when they purchase their next home. It’s the perfect scenario to move up into a true dream home. According to the April Luxury Market Report from the Institute for Luxury Home Marketing:

“The Institute’s recent analysis of sales in 2020 for homes over 5,000 square feet support the continuing preference for larger homes. The analysis determined that there was a 17% increase in the number of 5,000+ sq ft homes sold when compared to the number of sales in 2019.

Luxury home prices continue to see record highs in the majority of affluent ex-urban communities, as the influence of being able to work from home is still driving buyers away from living in high density areas. Low interest rates also remain in play, allowing buyers to realize the affordability of owning a larger property, which further reinforces this trend.”

Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), also explains:

“The market is hot pretty much everywhere and across all price points . . . The only area where there is sufficient inventory is in $1 million-plus homes . . . .”

While this price range certainly doesn’t fit every budget, if it’s in your reach this summer, you may want to make your move sooner rather than later. Today, more homes are available in this segment of the market, but as the report mentions, more buyers are investing here too, so competition may heat up sooner rather than later.

Bottom Line

If you’re planning to sell your current home to move into a larger one, let’s connect today. We’ll discuss your current situation and the opportunities in our local market.

Call or Text me, Troy Stavros with CornerStone Realty Associates at 865-999-0925 tdoay. My amazing team is here to serve you.

6104 Seabury Court, Knoxville, TN 37931 – Homes for sale in Karns TN

By

CLICK ABOVE TO WATCH THE VIDEO TOUR! One level living PLUS completely separate living quarters (which includes it’s own kitchen, family room, bathroom, bedroom, and laundry!) Total of 4 bedrooms and 3 full baths. Located on a cul-de-sac street in Karns, just minutes from shopping, restaurants, and Karns schools.

Error loading content

723 Bryant Terrace, Powell, TN 37849 – Homes for sale in Powell TN

By

CLICK ABOVE TO WATCH THE VIDEO TOUR! Super convenient location is just minutes from shopping, restaurants, and the interstate. Hard to find custom 1.5 story home in the heart of Powell featuring a split floor plan with 3 BEDROOMS ON THE MAIN LEVEL plus a 4th bedroom and bonus room upstairs. Vaulted ceilings make the space feel open and airy. The large owner’s suite has a tray ceiling and updated bath with custom tile shower with glass door, whirlpool tub, and granite counter with double sinks. Plenty of room to play or entertain as you step out back to the screened porch and separate open deck area. Both overlooking the flat, fenced backyard. All of your parking needs are met between the 2 car garage and extra large concrete driveway that is suitable for parking an RV or camper. Zoned for all Powell Schools. USDA Eligible!

Error loading content
Error loading content

This Isn’t a Housing Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]

By

This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
  • When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
  • Today’s Knoxville housing market is healthy, and the rising prices of Knoxville homes are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.

Call/Text me, Troy Stavros with CornerStone Realty Associates at 865-999-0925 today! My team and I would love to serve you!