865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Where Are Home Values Today Compared To The Peak in 2008?

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This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.

Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for:

  • the nation as a whole
  • each of the 50 states
  • 367 metropolitan statistical areas

This quarter, the report also included a look at today’s home values as compared to Pre-2008 values. Here is a graphic that breaks down the numbers on a state-by-state basis:

Real Estate Values Today Compared to Pre-2008 Peak | MyKCM

Interested in finding out how much your Knoxville area home is currently worth? CLICK HERE FOR AN INSTANT ESTIMATE. Want a pinpoint value or want to talk about getting your home on the market? Call me, Troy Stavros with Gables & Gates, REALTORS today at 865-777-9191 to schedule a time to talk.

Home Sales Are Up In All Price Ranges Above $100,000!

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The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.

Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the housing market.

Sales of homes over $250,000 increased by double digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 16.7%!

As prices in many markets continue to accelerate, it is no surprise to see the percentage of homes in the higher price ranges increasing.

Here is the breakdown:

Homes Sales Up in Every Price Range over $100K! | MyKCM

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.  Have questions? Want to get your home on the market? Contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191 to setup a time to talk!

5036 Travis Powell Lane, Powell, TN 37849 – Great Renovation!

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SOLD IN 23 DAYS! Renovated home for sale located at 5036 Travis Powell Lane, Powell, TN 37849 in the Lexi Landing Subdivision. Meander down the long driveway that sets off the attractive curb appeal of this one level home. Pass under the covered front porch and enter to beautiful hardwood floors in the main living area. Look from the main living area into the newly renovated eat-in kitchen featuring brand new stainless steel appliances, new faucets and new countertops. Directly off the kitchen, making bringing in groceries a snap, is the 2 car garage with painted floor. The split plan separates the large master bedroom with private bath and walk-in closet from the two additional bedrooms. All baths have brand new custom tile floors, faucets, and more. Venture out the back door to the fully fenced backyard complete with patio, built-in patio seating, swing set and firepit. This home is eligible for 100% financing! For more information or to schedule your private showing contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191.

This listing is no longer available.

432 Chisholm Trail, Knoxville, TN 37919 – WOW Renovation!

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SOLD IN 21 DAYS! Stunning renovation in West Knoxville’s Trails West Subdivision. 4 bedrooms and 3 full baths. 2 master suites with one featuring it’s own fireplace! Not your typical split foyer as the main living area has been completely opened up where the gorgeous brand new kitchen is adjacent to the family room and dining area. Some kitchen updates include new cabinets, granite counters, stainless steel appliances, custom tile backsplash custom pantry cabinets. All bathrooms have been completely updated as well with granite counters, new cabinets, and custom tile. Hardwood floors, tile, or new carpet in all areas. Dedicated laundry. The lower level suite can be used as a 2nd master or bonus/rec room. Large deck overlooks massive yard. Separate patio area. Extra large driveway. 2 car garage. For more information or to schedule a private showing contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191.

This listing is no longer available.

8300 Cliff Ridge Court, Corryton, TN 37721- Basement Rancher!

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Whether it’s the mountain views or the custom basement ranch floor plan, you’ll have trouble deciding what you like best about this beautiful home located at 8300 Cliff Ridge Court, Corryton, TN 37721. Expansive main level living includes owner’s suite plus 2 additional bedrooms, formal dining, large eat-in kitchen with loads of solid surface counter space, walk in pantry, and mud/laundry room with sink. The owner’s suite features a trey ceiling, dual sinks, whirlpool tub, separate shower and extra large walk-in closet. The split bedroom plan puts the other main level bedrooms on the opposite side of the home for great privacy. The lower level features 2 additional bedrooms, one and 1/2 more baths, and a huge rec room with wet bar area. French doors lead to the lower patio (deck above) where you can enjoy the views. Big yard + storage shed. For more information or to schedule your private showing contact me, Troy Stavros with Gables & Gates, REALTORS at 865-777-9191.

This listing is no longer available.

Slide The City Waterslide Coming To Knoxville This Saturday!

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Is the blazing heat driving you crazy? Here’s something to cool you down and restore your sanity.  Slide The City is coming to Knoxville this Saturday and bringing their 1000 foot slip and slide with them!  Per the Slide The City website: “Slide The City is a family friendly slip-and-slide water party event.  There will be live music, food, drinks, water, and of course the biggest slip and slide ever to hit asphalt.  Don’t worry, we’ve got it padded. This slide’s got more cushion that your grandpa’s orthopedic sneakers.”

slide the city knoxville

The Slide The City event in Knoxville is scheduled for Saturday, July 30th at the Civic Auditorium & Coliseum located at 500 Howard Baker Jr Blvd, Knoxville, TN.  See more information here at the Slide The City Website.